RE:All goodWellHealthinfo wrote: Holding long and strong...pull back is essential in the market.
I say back over $5 by Friday
Not gonna happen. Pop is done as expected. It'll float down as mentioned before.
The FED (BoC will follow if not lead) is expected to raise the overnight to ~2.75% by the end of this year. BoC will raise 50bps next week after just doing a 25bps raise. If the FED raises to 275bps that's effectively a 1000% increase from 25bps. You don't think Libor or CDOR is affected by what the Fed does? and that it won't affect WELL and their variable rate debt? do you think the market knows this or is oblivious to it?
Increasing rates, especially this aggressive, never goes well for debt laden people or businesses.