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Bullboard - Stock Discussion Forum Bombardier Inc. T.BBD.A

Alternate Symbol(s):  BDRPF | T.BBD.PR.B | BDRXF | T.BBD.PR.C | T.BBD.PR.D | BOMBF | BDRAF | T.BBD.B | BDRBF

Bombardier Inc. is a Canada-based manufacturer of business aircraft with a global network of service centers. The Company is focused on designing, manufacturing and servicing business jets. The Company has a worldwide fleet of more than 5,000 aircraft in service with a variety of multinational corporations, charter and fractional ownership providers, governments and private individuals. It... see more

TSX:BBD.A - Post Discussion

Bombardier Inc. > REMARKABLE
View:
Post by Starsearcher80 on Jan 19, 2023 9:29am

REMARKABLE

It's quite remarkable that the Dow can be down over 1000 points the past 2 days, and looking to be down another 225 points on the open this morning, and Bombardier continues to show real strengh.  The broader market may have created what looks to be some false resistance at the current $63/64ish level, as I really can't see anything else that provides resistance at this level.

So no worry to me.  The broader market will do what it does, and in this case, will exhaust itself at some point.  Then the typical relief rally should provide assistance for the stock to resume it's run up to the $71.00 level, which looks to be the next level of technical resistance.
Comment by johnney on Jan 19, 2023 9:43am
Surprising, markets are down, and Bombardier still holds well! For me it's more a good sign
Comment by BBDB859 on Jan 19, 2023 9:59am
We're holding up, because we're still undervalued, I think. Enjoy the ride. Btw it's nice to have you back, even though you aren't going to read this message. We could always use another persons point of view here. If I've hurt your feelings? I'm sorry. But that wasn't the intention. The Intention was to keep it REAL here. We're all in the same boat here. Like you ...more  
Comment by flamingogold on Jan 19, 2023 10:07am
Actually, I think the stock could let some steam off here going into the FED meeting at the end of the month. A pullback would be normal and healhty.
Comment by Starsearcher80 on Jan 19, 2023 10:58am
On the whole lately, Bombardier has traded on its own merit.  Yes, macro factors do come in to play, but these seem more to be temporary impacts at best to the overall upward trend. The current gap fill shows down to $62, 27, and after a 1300+ point drop on the Dow in the 3 days, that's no big deal at all.  Even in a normal market, gap fills are normal, if not expected and healthy ...more  
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