Post by
flamingogold on Aug 31, 2021 10:15am
$1.82 when the wall falls
Could overshoot a bit but will likely settle around low $1.80's. The run up to $2 will be more of a walk. Remember, the fall is always faster than the rise. But, what's important is the direction this time is UP.
Comment by
vonSachsenanhal on Aug 31, 2021 10:52am
Maybe but index funds have to buy approx 77 million shares in short order if we get an announcement Friday that bbd.b will return to the TSX Sept 17... and we have Bombardier itself still buying shares. Sounds like rocket fuel to me!
Comment by
flamingogold on Aug 31, 2021 11:07am
The trend is UP but the stock still attracts an army of shorters who will quickly attack with any sudden price appreciation. I much prefer the slow, boring climb. Having said that, September starts tomorrow and with that come the traders who will be looking to rock sleepy sideways markets. The rocket fuel is just being loaded as we speak, we just don't know yet which direction we go.