Post by
extremerisk on Jan 12, 2017 5:57pm
one year chart is a drop off a cliff here
I sold my position from yesterday at loss but doubled size of buy at 9.10. I think is good way to seize this parachute jump of a drop. Don't normally day trade but by my calculations we are now at 2.5 times bottom of reduced ebitda. If caught it will stick at 9.10 for long run. If not will sell and double again. This is very close to bottom here. No one can call the number but can trade it so minimize loss and capture highest possible gain. When it bounces will be significant.
Comment by
las5513 on Jan 12, 2017 6:34pm
Your assumption is just a big ASSUMPTION. When it bounces will be significant "When it bounces will be significant" that may or may not come true.
Comment by
extremerisk on Jan 12, 2017 6:53pm
Look at any chart that has dropped in straight line like this one. They always bounce. It is close here to and not even considering real estate value. Just consider cash flow. Is there a stock that trades 2 times ebitda??? I am not aware of any other than perhaps torstar which is about 3. That ebitda is not going away overnight. The bounce is coming!!! Could be tomorrow