RE:It is not going to go up.Re. The downtrend it really depends on what time period your looking at re. I agree on them being well positioned etc and that stock will rise by year end or spring 2022. But I actually think it is going to happen sooner than that. Maybe not in 30 days and maybe not in 60 either. But I think when this merger goes through in the fall it will be a major catalyst. I also think with a stock like TRIP it could soar back to 40's without even having a major catalyst. An earnings release could do it. News of starting another acquisition or closing older one like Mera (planned for October).
CaptainConn wrote:
Stock is in a downtrend. Merger has put a lid on the share price for the time being. The business is positioned very well over the long term and I expect the share price to begin rising by year end or spring 2022. Accumulate accordingly but beware of your timeframe. If you are investing in hopes of the turning a profit within a month or two, I think you will end up frustrated. If we return to the low 20's, I will add more in my registered accounts. GLTA