Bombardier Inc. T.BBD.PR.B

Selloff should end around $85

[flamingogold]

If the uptrend is to continue with higher highs and higher lows, then we should bottom around mid $80's s. Of course, there could be a little over shoot. Below $80 spells a lot panic and doom and gloom. All unwarranted of course. Tariffs hit the middle class and lower folks. Not billionaires.

Q4 will be strong and should see buying return end of December and onwards.

[Letsmakemoredol]

flaming, do you have any data to back that up?  technicals?

[flamingogold]

We hit $80.50 back in early August and $83.50 in early September before we took off like a rocket. Shorts are trying to close the gap now

[Shamhorish]

for about one month now we only see lower low everday of trading week market up market down it does not matter bbd.b loos 1-2-3 or more % a day? it is  planned slide

[Nordico]

I would be shocked if they can push it down another $6 - it's already very overdone (over $22 off the October intraday high is crazy) and must be meeting considerable resistance around $91. Not to mention Bomber I expect from here on may be adding 20-40k shares to the bidding side daily (7.5 to 12.5% of the daily average volume), and they could potentially ramp this up to 75k max. Coming into

[flamingogold]

I don't know if you were referring to me as an obnoxious troll with my mid 80's price target. Let us remember this stock is often attacked by shorts and what it should be trading for and what it does trade for occasionally goes out of whack. Last year was another great year for Bombardier yet we managed to drop 46% from March to October. I don't foresee that repeating this year, but

[Nordico]

No; was referring to GoldBug saying 'if it crashes past $80 look out below', as if it would need to continue plummetting.

[flamingogold]

ok I have that guy on ignore so don't see his posts. I think we could possibly bottom next week then sideways for awhile before trending back up towards year end.

[Nordico]

Yeah I agree with your views, and could see it following the pattern of the last few short attacks/takedown and ensuing rebounds, where it bottoms and trades sideways for several days before resuming momentum upward.

[llesage]

Sept. 12 close $88.88. This morning we hit $88.90. I think we start to recover from this level. I have buy bids in at $88.75 so I hope they don't get filled.