RE:RE:ConfidentI think the reason why the price started to go down is simple.
The shorts want to start moving this stock so they can play their games again, and I'm sure they've covered. But there is very little demand for this stock from retail investors. Because the shorts have beaten this stock down to nothing. So the retail investment isn't there. The only thing left on this stock is, the day traders, and even they're not satisfied with $.01 cent movememnts. Therefore, it's the "Law of Diminishing Returns" for the shorts. So they want to move the SP up slowly, to make it seem natural, and bring more investors into the Stock,, because they make money on the way UP too. But in yesterdays closing of the Alstom deal a lot of the day traders started to unload, and the demand to buy up, isn't there from the retail side to take up the slack of the selling. So the shorts are back to their game. They let the price fall so they can buy the day traders share sales for cheap. Because day traders are taking profits too.
Next week when the market starts to assess the situation of Bombardier's SP because of the closing of the BT deal. The shorts are going to start the ascend upwards again because the day traders are going to start buying again. So people will be buying into the up swing. Depending on the demand again from retail, including the day traders. So this game will be played for quite a while from now till the stock starts to get some good steady, and positive news from Bombardier as to what their plans are for the Company.
Things like good positive FCF Quarters, News about Refinancing, and paydowns of Maturing Junk Bond Debt, in the next couple of years, are going to stablelize the value this stock's upward trend. The day traders are going to play there game still. But the real Long Term Investors won't come in until they hear, and SEE with their own eyes that Bombardier is real, and going forward. That's when the Long Term Investors will start to buy. What price will we see stability on the SH is anyone's guess here including my own?
So let's wait and see what the PLAN of the Family is, for the near, and Long term future for BBA, and start to make our own conclusions once we hear it. As for the day traders? They'll play the swings, and the shorts will try to steal their money from them.
JMHO of course. Enjoy the weekend.
bigal103 wrote: Small change? They had already discounted for 500 million because of Covid and now adjusments of 400 million. 1 billion is huge when you have that amount of debt with a lot of interests on it and you are now relying only on aircrafts. I believe the drop was not exagerated but it could go back up if feb 11 is good.