Post by
gobomber on Aug 04, 2022 4:38pm
Dissapointed
No doubts that Bombardier had an excellent 2nd quarter. Difficult to do better. However I am very dissapointed in a gain of only $2.44 which translate in a gain of only 10 cents prior to the RS. When the stock was at $1.25 per share, a gain of ten cents up or down was a matter of normal daily variation.
Prior to the RS, with such a positive quarter, the stock would have easily gone up 25 to 30 cents and likely close at around $1.50. Consequently applying the 25 to 1 RS ratio this should translate in a gain of about $6, not $2.44.
I guess it shows that the market has still very little trust in the long term performance of Bombardier.
This result further justify my concerns about Reverse Splits in general. By personal experience, I have never own a stock that did better after a RS. Maybe it is just bad luck.
Comment by
Form001 on Aug 04, 2022 4:51pm
It's only technical, when the price top 25.87 this morning, technically it was an overbought territory, some take profits but watch tomorrow, 27.00 to 28.00 is in the pipeline. Have the room short term to go to 32.00, 38.00 and 46.00 in September. IMHO
Comment by
Inuk138 on Aug 04, 2022 5:04pm
Be patient my friend, patient is vertu.