Bombardier Inc. T.BBD.A

A long slog

[clubhouse19]

That's what it's going to take to get back near recent highs as their is nothing really imminently expected to accelerate it any faster IMO.
Charts I guess will have to be re-engineered and reset to present market realities as these recent banking crisis may have other shoes to fall.

  Nice to see the break though.

 As suspected near the close yesterday. looks like margin calls did strip many of their shares bought by those traders that will be selling even as early as today.

[flamingogold]

Not so sure about that really. BBD is now tracking along with general indices, in fact running ahead. Markets may be close to a near term bottom here and could rally for the next month and BBD will follow and in fact even lead.

[clubhouse19]

I hope you are right...but many of the riskier stocks which BBD is one of them , were the ones mostly hit by this crisis along with the banks.     I don't think a rally is anywhere near in the works at least for banks and speculative stocks.  A lot Bomber investors on margin surely got a rude awakening during the spike in sell off at the end of trading yesterday.

[flamingogold]

I think what we just witnessed with the US banks is over, or more importantly, how the government will react to it. They just set a precedent... ie. they will protect depositors against losing their money. This was necessary to prevent further bank runs and a full on financial collapse. Critics have already come out saying this is not how capital markets are run. Maybe so, but just like Canadian

[bicente]

back in the '90's there was a bank in the US that went belly up and the clients lost their money ...I know this because some of my family members lost money there and I immediately contacted my bank when I got back home to see if it could happen to us .It turns out that our money is protected by CDIC up to $100K ..well that bank in the R.I. area was not protected ..I'm hoping that has

[clubhouse19]

In the US the FDIC protects each acct up to 250.k  now due to the frank dodd bill In canada it is 110k. Always best to put your savings in Multiple accounts as the insurance coverage applies to per account.   They had to come up with total coverage in the US for SVB because many accounts had way over the 250k limit of ceverage, They also should spread out those deposits to multiple

[clubhouse19]

Sorry I menat 100k in 

[BBDB859]

I think you're right on this US Gov't support of their Banks tied to the Canadian Housing formula, Flamingo. Because in 2008 when they had that Financial meltdown the US had to tie their Financial system to the housing industry and that was done through all the headaches from the Fanny May & Freddie Mac's. They wanted that fiasco to never happen again. So they took a page out of

[clubhouse19]

859 In 2008 as part of the dodd frank bill the FDIC limit was raised to 250k due to the crisis then. in 2018 Trumpass eliminated   stress lmeasures for smaller banks like SVB and thus one of the reasons for SVB tanking.  Big difference between what went on in 2008 bailout with this one, in 2008, shareholders and Execs were saved.. SVB shareholders have been gutted and all execs

[BBDB859]

Ya I heard about the SVB to HSBC transaction for a buck. That was done for the branch in the UK a couple of days ago. I don't think HSBC bought the rest of the SVB Bank I'm not comparing the Bank stress tests of 2008 to current stress tests. Though that part of the US system leaves a lot to be disired. But now that you brought that up. This Trumpazz was a real azz during his presidency

[clubhouse19]

What is the real difference this time is that all the shareholders of SBV got squat this time unlike in 2008.

[lb1temporary]

If I can add my salt. The Canadian and US banking systems have huge differences. We have 30 or 40 banks in Canada with a dominance by the 7 bigger banks and Desjardins (credit union). All the 8 dominant players offers all the services. 90% of the activity is concentrated in the hands of these 8 players. In the US there 5000 banks, many specialized, locals, regionals etc. The larger part of the

[BBDB859]

That's very true Temp. Our systems are very different. That's why I stayed away from getting into deep explanations & comparisons.The US Banks are very Lawless and individualistic. Without direct connection to the Govt. In fact to your point. This SVB bank was very specialized in it's dealings with tech clients. So when the news got out that they were having trouble? Their

[johnney]

One thing about Bombardier, is that Royal Bank not long time ago, Analysts has pulled out the Speculative Buy, and has changed their target price from $59, to $88, if not mistaken, is not considered a risky stock according to them, hope so!!

[Acuras1]

Of course it always takes a lot longer for sp to go back up than it takes to fall - "they" just dump enough shares to shake the tree, pick-up all the retail stop losses on the way down.....etc.....it's all about average sp cost in and what's left after the average sp cost out........equals net profit for the few days set up:) GLTA 

[johnney]

You got that, shake well the tree, for that, they didn't fail yesterday!!

[clubhouse19]

Looks,  contrary to what was thought, another shoe did fall, what has happened to SVB likely did not happen in a vacuum.  Anyone who thought it was over just because they eneded up bailing out the SBV depositors, how many more will have to do the samen with now hitting Europe.  PPI due this morning...hope it is a slipper rather than a shoe. !!