TSX:AX.PR.E - Post by User
Post by
DZtraderon Aug 27, 2024 11:00am
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Post# 36197659
Funny thing happened on the way to $12.00
Funny thing happened on the way to $12.00The stock moves up nearly thirty percent at near break neck speed and on a tiny profit taking morning all of a sudden the sky is falling again. Shake out some weak hands and dummies and then continue it's ascent.
Nothing wrong with taking profits, it will happen all along the way. If you are long, not sure it's reasonable nor smart to think we go straight up every day, in particular in a seasonally weak time, also when at round numbers like $7.00. Dummies fret as retailers sell these numbers.
On another note, with regards to SIB, was going to post quite some time ago, my hunch is we likely will not see one. If anything it will be small which would also be meaningless. Manji has longer term ambitions with his new found wealth.
Stay good,
DZ