RE:RE:RE:What is holding this stock back?Fishbillion wrote: Bigkunty... its the market... covid, taper, not taper, recession, inflation blah blah blah..... florence is irrelevant for 2 years.... the rest is just a restless market.... usually signs the bear is about to roar.... you oldkunty
The bear is going to roar...eventually. Our guess is at some point in 2023 and that once it starts in earnest it's going to last a very long time. Florence is not irrelevant for 2 years Fish, you know better than that. While it's true that production won't start for approximately 14-16 months, news along the way will drive share price higher. Our current exit plan brings us to early 2023 / $3.50 - $4 US share price. Gauge the impending storm starting this time next year. Current Elliott Wave analysis goes like this: one more temporary pullback leads to a roughly one year in duration blowoff top to 6000 SPX range and then boom...a severe bear market that can last for years.