RE:It is FridayMrPeters wrote: But so frustrating to see what happened this week. We all put so much on getting the KPI's to kick start the SP only to watch the better than expected news drive the price down. Question now is? Is if it is going to recover or stay down here or even lower for ever??
anyway I'm probably venting on myself for geting back in and taking a bath ever since.Take the weekend to lick my wounds.
Have a good one all
MrPeters, I feel your pain. I'm shocked with the price drop Wednesday after their full monty. I don't think the drop was rational, but maybe the 0.47 runup before the announcement wasn't either. Maybe ~$3 is where it belongs for now? I don't know. The thing is, whoever is playing it seems to be able to move it as far as they want, and at will.
To help put today's drop into perspective, ETL did better than my BNS. ETL dropped 0.7% while my BNS dropped 2.7%. I know they're not comparable companies by any stretch. On a side note, BNS yields 7.5% now, and hasn't missed or suspended their dividend in the last 28 years.
Well, let's hope next week is less volatile. Great for day traders, but not for longs. GLTA.