RE:RE:RE:RE:Breakouts - This Big 6er Bank... BIGGY - Good points, it's just a little discouraging to see the bank stocks drop when they announce rate hikes, it baffles me. I don't think 100 dollars a share is out of the question at all, nor do i think Trudeau's new bank tax is really gonna affect the banks either. The banks will make their massive profits, they'll just jack up the user fees to do it if they feel the need.
Biggy wrote: "Fiddy I remember that tune LOL........
OK just take a look at a snapshot of a chart say around end of Sept 2021 thru to beginning of Feb 2022. I see a roughly 23% runup in about 5 months, if you pick a low point and a high point. So I think $100 probable. If you look at the 52 week high as a benchmark, $100 is not that far off either say just under 6% with 7-8 months to go. Just looking at the numbers nothing else, remembering BNS is a very strong company and the interest rates are trending up, any bumps along the way like consumer affordability will even out over time. I dont have a crystal ball thats for sure, just using charts and a bit of research/gut GL amigo/a :-)"