where to accumulate if inclined to do soi believe i have stated this several times and been called an idiot for saying this.
however, in the interest of those who wish to accumulate peyto (canadian funds)
then look at these levels over this year and next two years.
around 12.00
around 8.00
around 2.00
these targets are all based upon what i do - technical analysis. not fundamental (look in the rear view mirror so to speak).
Now - this scenario would change if and big IF, there is capitualtion to the magnitude of over 17 million shares traded on one day with a new low and then a reversal to close higher than the opening of the day.
interest rates are going to go up at least twice this year - min. 50 basis points more likely 70 basis point area - follow the states.
dont follow the interest rate bit for this stock - makes no sense as the fundamentals are drying up at this point and looking into the next few months