Bank of Montreal N.ZOCT

Ross Healy: BMO entry point $103., not now

[naissance17]

Ross Healy - BNN - BUY ON WEAKNESS

BUY ON WEAKNESS

Bank of Montreal(BMO-T)

09/07/2024

 

A great entry point would be $103, not now. It's trading at the low end of its long-term trend. he wouldn't sell it now and it's not his first bank choice. That said, it's falling to levels that are looking attractive. It will eventually reach $175. Has good upside and pays a nice yield.

banks

 

 $115.060

Not owned

 

[naissance17]

Will Ross Healy be right ?

[1condor]

An ugly earnings report combined with a potentially ugly couple months on the way for the general markets could easily get this stock down to 103. Ross may be too optimistic.

[Trapped]

Short-term, it's anyone's guess. Long-term, never bet against any company that operates within a constitutional monopoly. 

[malx1]

That's how bagholders talk. What they seem to be missing is that trailing P/E metrics are out the window. Higher risk, lesser reward means downgrades. 12x PE targets may see 10x or 8x, even lower during recession. Enjoy

[Trapped]

Bagholder? I've scalp-traded this for sweet intra-day gains all week. Give your head a shake lol.

[malx1]

Yup.    Everyone is l-t hold when chart is up.     Then they are all expert 'traders' when chart is sideways.     None own on the way down.    SH Chameleons Snake oil 

[Trapped]

Lol you sound pretty triggered... who's the bagholder? My only long exposure to the banks is through an equal-weights ETF and it's way up, thank you very much. This ER will be a blip on the radar long term. Never bet against a business that operates as part of a constitutionally protected monopoly.

[gassygeezer]

Trapped...sound strategy, my easiest gains this week too

[Trapped]

Way to go, Gassygeezer! Happy for you!! I'm also bottom-feeding Parex today! Cheers!

[malx1]

PXT a sucker's bet.   

[Trapped]

Oh yeah? Well this sucker has made some sweet gains off the bottom since the news broke. Just closed today's trade and probably won't ever return. But it begs the question about hating on random internet posters... You okay, Bro?

[malx1]

Even worse when they attempt to pump it on a Bank message board.

[Trapped]

Pump it? Dude, I made a few K and will never revisit that ticker. I couldn't care less what happens to Parex from here on out. But clearly you do... Once again, everything okay with you?