Post by
BlueJay2020 on Feb 26, 2024 11:21am
Sienna smashing the $13 ceiling...
it was as sure a thing as anything ever can be in the market ...even more impressive on a down day for the markets generally and a number of REITS specifically. A slew of analyst upgrades are helping. We are seeing cash coming off the sidelines.
Let's not forget that this stock was threatening to hit $20 before COVID. Do higher interest rates demand a SP that's around a third lower than that (as, fundamentally, that's the only major thing that's changed)? As interest rates fall, there is plenty room still left to run.
Comment by
flamingogold on Feb 26, 2024 12:51pm
$13 was a nothing techincal wall, pure psychological and it sliced through it like a hot knife through butter. The next real wall is a buck higher at $14.20. Lots of air still above.
Comment by
colombuss on Feb 28, 2024 2:29am
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