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Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. Its robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Austria, the United Arab Emirates, Singapore, China and Australia. The Company's jets include Challenger 350, Challenger 3500, Challenger 650, Global 5500, Global 6500, Global 7500 and Global 8000.


TSX:BBD.A - Post by User

Comment by Starsearcher80on Sep 16, 2022 5:54pm
454 Views
Post# 34968250

RE:Breakout

RE:BreakoutAbsolutely, I maintain this stock will breakout all the same.  The quesion in my mind isn't "iff", only one of "when".  Here's my thoughts.

1) Sometimes when you follow a stock, you follow a little too closely. It would be very easy to focus on it being down the past couple of days and be discouraged. I would suggest to pull out the yearly chart, and then look at the price action the past month.  What you'll see, obviously, is a stock doing extremely well.

 But in my books, "extremely well" is not just a measure of price action.  Because looking at price on its own, without context or backdrop, doesn't tell the tail.  You need to add the colour of context. Bombarider continues to trade strongly within the current consolidation range (if not the uppper end of the range).  But for colour, it is doing this against the backdrop of what is now over a 35000 point drop in the Dow.  To me, that is simply stunning. Stocks everywhere are being taken out and shot, and Bombardier is holding it's own?  After a massive run alreadly??  Ya, I'll take that any day.

 So when people say things akin to "we look to be stuck here", I dont' think that's a fair assessment at all.  Picture yourself trying to walk forward in a hurricane force wind.  Your progress forward is stymied, but you manage to hold your ground while everyone else around you has lost their footing and is being blown backwards.  Are you stuck?? Hell no. You are strong.  That you can hold your ground while everyone around you fails is amazing.  Obviously, this analogy applies to Bombardier, with the hurricane winds being current macro-market conditions.

As for further advancement, this will happen all the same. We all know that hurricanes eventually pass.  But now, for those destined to move forward, there is now a fully expected tail-wind.  So what do we need right now?  Extra patience, and that's about it.  I am not a patient person in the market. It's why I'm a trader, and not an investor.  But I maintain this will be easy money, and if that means being patient a little longer than I would have otherwise liked, that's fine by me.  Bombardier is not only holding its own, but in fact is providing excellent shelter against the Hurricane. 

So my own advice and thoughts in a nutshell?  Sit tight, enjoy the shelter, and know that moving forward is going to happen all the same.  It's worth noting too that the stock is strong in that quiet period between quarterly reports. I think it's easy enough to look forward to the next quarter, and the one after that.  As we move closer, I think we're also going to see some fresh and strong anticipation buying.  For the 3rd quarter specifically, I would say were still a few weeks away from that.  Far enough away to be a little annoying.  Close enough to start to look forward toi it.

The extended run imho is easily still out there.


flyman12 wrote: Seems like it is still stuck in the same pattern as before the RS. Up a few donw a few and repeat. Star, are you still anticipating a breakout or has that scenario fizzled do you think?


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