RE:$2.46bonjovi501 wrote: TCW must be buying back shares today and thank God for that. It was unbelievable to see TCW at $2.29 when this should be a $5 stock. I should have doubled down on the dip. Cr@p!!!
I agree that it should be a $5 stock, but I'd qualify that by saying with >$80 WTI and >$55 WCS. Both are a ways off. Maybe by this time next year. Maybe in the spring.
I do think that TCW should be in the $2.70 to $3 range with current prices. Where was WCS and WTI last time TCW was over $3 - just three weeks ago? Aug 28th, WTI was $68.50 and WCS was $36.
The only reason we are down this low is the money flow. Other sectors are more popular today. And that is fine by me. It creates great buying opportunities.
FWIW, TCW may have tagged 2.29 today, but it didn't even get through my bid. I'd call 2.30, where it did some volume the actual bottom. Thanks to all who loaded me up at 2.30 today.
Some people would rather roll the dice on Tilray. Personally I'd rather invest in something.