Starsearcher80 wrote: UncleJack, further to your comment, I still think this stock would be very difficult to trade.If you slowed things down to a swing trade (which I did deciding to take on a trading position as well), it's still really hard given the extreme volattility of the market right now.
I've talked about different components of the stock, with the first "marker" being up in the $54.00 range. All things considered, I actually think the stock will be trading MUCH higher than this, most likely up in the $100.00 range. Imho, all the elements are there for the company, with the only thing needed being patience by the investor. Now, I am far from a patient person....just built that way. But if I can book a 5 bagger in a year on a VERY large position, that would be tough to beat even trading actively. Again, it's all about making money. I'm taking an investment position here because I think this is the best and most efficient way to make that money.
Generally, I don't like putting out such pie-in-the-sky projections. Especially talking around $100 just sounds so cliche. But in the case of Bombardier, I do think this is possible. And that kind of gain, in what is a relatively short time period is what makes this rare investment at all possible for me. If Bombardier isn't one of the absolute top gainers on the TSX in the next, I'll be absolutely shocked.
So we'll see what comes. But back to your question...a micro double-top isn't part of the equation for me at this time. Still, damn, it would have been nice! :)
Starsearcher80 wrote: Hmmm, well that would depend on what charts you are using in what timeframe, and whether you're trading this or invested in it. As I noted, this is a rare investment for me, so as the stock pressed down on $30.00 at the time, I decided not to turn it into a trade. Too bad...would have been a nice one!
UncleJack7 wrote: Starsearcher80 wrote: I'm a huge fan of technical analysis, and looking back, it truly saved me from myself. Still though, I now consider this only half of what you need to be really good, the other half being that more artistic or nuanced side, or seasoning, which gives greatly added understanding. And even with that, it's still really hard.. Additionally, for me to actually take a true "investors position" in a stock, in this case Bombardier, is extremely rare. There has to be a LOT there for me to even consider, and with Bombardier there is. It still tries my patience, this whole investing thing. But no less than trading, I'm here to make (a lot of) money. I remain highly confident that Bombardier currently provides the best opportunity in the market to do that.
Sat123 wrote:
Thanks for sharing. I can relate to this. With only 20+ years of experience I'm starting to feel the "seasoning". Bought more in the last few drops. My average is 26.5 and 33.2 and 50 in 3 different accounts. Planning to hold for long.
If you're a big fan of T.A you should have sold at the double top - like I inboxed you about ;)
Sept 22nd