Post by
Hvacloser on Apr 03, 2017 1:32pm
7 percent drop
There results must not be good. I still hear rumblings of a Macy real estate take over though.
Comment by
KnottyOyster on Apr 03, 2017 2:10pm
I bet people also held on to get the divy, but are nervous and want out before the earnings. There's no doubt this stock is oversold at these levels, even with a poor quarter.
Comment by
NotDrake on Apr 03, 2017 3:23pm
Problem is this was oversold at end of Q1 2016, then at end of Q2 2016, then at end of 2016/start of 2017. I think we could be at a very short-term bottom but mid- and long-term technicals point to a still present downtrend/cap on price. I think we are months away from working out negative pressure whether it stays flat around this range or as I suspect will hit $8 or at best $8.50.
Comment by
NotDrake on May 17, 2017 10:39pm
Don't hold it anymore, but very curious if this is still in play. My personal indicator I've been using makes me feel we need a big slamdown to $8-$8.50 to get out of this funk before it starts a real wall of worry (Disclaimer: to be fair totally did not expect April runup, but not surprised with the Wild West that is Toronto markets).
Comment by
las5513 on Apr 04, 2017 9:01am
Well said "KnottyOyster". I think HBC stock price is simply being manipulated by a handful of short term/day traders. Richard Baker hasn't sold any stock so I'm not worried.