RE:RE:RE:And it begins You'te talking about a sub-prime lender. This is a time when there will be a lot of bankruptcies. With Canadians over leveraged worse than the Americans in 2007. How do you figure everything will be easy peasy and it'll come write back up to 60$.
I think it's only fair to expect a good amount of loan will go bad and that they'll have to take their share of write downs.
commodity16 wrote: It took 12 days to drop from $60 range when the bottom fell out, to the $20 range. Just as illogical as it fell, It can easily come back to $60 within a couple months on a streak of good news. We seen how quick it is to start to bounce on a good day. This is because it fell on macro fears, not fundamentals of its own. There is no evidence to even support business has negatively affected Gsy at all at this point. All we are seeing is fools panicking and the brutal sell off in etf's and indexes ,which sinks all boats whether justified or not. The same clowns will be buying on the way up once the fear mongering subsides in the media .