RE:RE:Selloff should end around $85I don't know if you were referring to me as an obnoxious troll with my mid 80's price target. Let us remember this stock is often attacked by shorts and what it should be trading for and what it does trade for occasionally goes out of whack.
Last year was another great year for Bombardier yet we managed to drop 46% from March to October. I don't foresee that repeating this year, but 25% peak to trough ($113 to $85) is not outrageous before we move back up again. I'd certainly like to be wrong, but as I said it's all theatre. They are buying back shares now and the fundamentals are only improving YoY.
Nordico wrote: I would be shocked if they can push it down another $6 - it's already very overdone (over $22 off the October intraday high is crazy) and must be meeting considerable resistance around $91. Not to mention Bomber I expect from here on may be adding 20-40k shares to the bidding side daily (7.5 to 12.5% of the daily average volume), and they could potentially ramp this up to 75k max. Coming into November they still had over 1.5 million shares that can be purchased on the buyback plan ending April '25.
flamingogold wrote: If the uptrend is to continue with higher highs and higher lows, then we should bottom around mid $80's s. Of course, there could be a little over shoot. Below $80 spells a lot panic and doom and gloom. All unwarranted of course. Tariffs hit the middle class and lower folks. Not billionaires.
Q4 will be strong and should see buying return end of December and onwards.