Have we reached bottom yet?The market has been now open for 30 minutes and it looks like a normal trading day for Bombardier shares. Looking at my level 2 data I do not see any major offers at ridiculous asking prices indicating that people are dumping their shares to get rid of them.
As to shorters, it is hard to believe that anyone would stupid enough to borrow shares to sell them at these prices with the hope of making tons of money. The risk is way too high.
Hopefully, I read these signs correctly and we have either reached bottom or very close to it.