RE:Watch out belowCarbonbull wrote: Unfortunately margin calls are possible and quite likely the source of selling over last few weeks , this for me sets up an ideal buying situation. however i never like the pain the charts show weak hands to strong hands . The underlying fundementals (if you beleive managment assertions) are increibly strong , they just dont fit into current capital market valuation buckets of Growth or return cash to shareholders. Thus this will be an orphan until the company choses one of the baskets ,i personally favor growth! the cycleis changing and shortages are only a quarter away.
Good luck out there , pay with cash and dont get shaken out of your conviction.
Perfectly articulated. Canadians are crushed with debt cant even afford to fill up the tamk withoit welfare payments.
Algos control this ...its the secomd time they drove it to 2 range before drivimg it back uo.
Banks ow the algos and they are getting crushed with property extend and pretend not even recovering interest only while they bet bailed out with taxpayer funda via govt loans and welfare, again.
Canada is now one buge welfare state just like soviet union was with no consequence for poor decisions and bad math haha...so glad I have firstworld passport while enjoying firstworld MX.
Sadly even an opec cut on the 4th wont help much when SG and crew enjoy luxury expat life in Singapore funded 100% by SH while they build their high cost empire with zero regard for SH returns.