Post by
cleareye on Mar 02, 2022 12:47pm
Low predictable, but where to from here?
The lows up until today were predictable:
Low auto sales and huge decrease in auto inventory because of silicone chip shortage.
Cross-border travel thickening-slowing because of Trudeau mandate, and a 5 day blockade demonstrating againt Trudeau mandate.
Probable decrease is auto demand as gas prices increase and as inflation takes away people's disposable income.
Increases in interest rates coming as governments try to fight the inflation they created through covid and build-back-better spending.
General market meltdown.
I'm thinking that a lot of these factors are baked into the price and that we may be nearing the lows for LNR.
Make your own choices, it's a dangerous market, highly volatile, but money will be made on the backs of those who choose poorly.
cleareye.
Comment by
Zaphod on Mar 03, 2022 2:55pm
New 52 week low FFS... My stop losses keep firing and I think...thats fot to be it...Back in with 1000 shares and the garbage rapes me for another buck ...62.69...seriously? I make 50 percent in penny stock called heli and lose 6000 on a supposed blue chip. 105 target...mexican pesos maybe Rant Rant Rant,
Comment by
cleareye on Mar 03, 2022 4:02pm
It looked like capitulation today. Ended below $C 62.00 - ouch. Tough to stomach. I thought we were close to the bottom. We'll see. cleareye.