TSX:INO.UN - Post by User
Comment by
flamingogoldon Nov 14, 2023 12:21pm
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Post# 35734630
RE:RE:what now
RE:RE:what nowBlueJay, remember SRV was a loser too and now a big winner. I was in the same boat too with BBD. Time will tell here too.
Interest rates have rolled over this sector and today's lower than expected CPI# is a positive that rate hikes are in the past. We will need a few months of consecutive CPI decline to know for sure. Also, unemployment is ticking up and that also is what the FED/BoC want to see before dropping rates.
It's ugly, I admit I did not expect a total cut and the opening was vicious. I did some trickle buying as I would expect maybe a retest below a dollar again with tax loss on the horizon. As you said some we win and some will lose but I wouldn't rule this one out just yet.
BlueJay2020 wrote: 1) is most likely. This morning I was expecting it to be below a buck but settle at around a buck fifty over the rest of the week. Let'see how we go.
But two pieces of advice for all:
1) Don't panic and crystallise short to medium term losers
2) Don't try and catch a falling knife
i wish I had stick to 2)! You win some you lose some.