Post by
flamingogold on Nov 08, 2024 10:41am
$95 support
Shorts attempting to break the $95 support level. It's unwarranted, but markets often over shoot. Below $95 is overshooting to the low side especially with the seasonably strong Q4 now underway. My basket is full, but a great entry for fence sitters.
Comment by
Nordico on Nov 08, 2024 12:05pm
Institutional buyer(s) stepping in big both times this touched sub-$98 this morning. Could be Bomber itself with buybacks.
Comment by
glory7 on Nov 08, 2024 1:06pm
I see 90.$, anything not American in the red.
Comment by
Nordico on Nov 11, 2024 1:01pm
Nice of the Street to continue letting Bomber get its buybacks in at a discount. Still around 1.6 million shares that may be bought back by April, per the current NCIB program. Bomber was buying in September up to $101, but then stopped for October. I expect they'll have started back up here at current price range.