Post by
maplak on Dec 18, 2024 4:19pm
Who cares about BCE !
Look at the futures for tomorrow. My portfolio of 25 dividend stocks already lost 6 % . So for tomorrow when markets open get your running shoes ready. We are going to be running to the hills.
Expecting TSX to drop another 5%
Comment by
1condor on Dec 18, 2024 4:42pm
I am sure many people on here will notice that BCE was their only stock in the "green" today. Either way...the general markets here need a strong pullback as the valuations are very stretched. An additional 5 to 8 percent dip would be nice. Nice for those of us holding cash.
Comment by
Davesnothere on Dec 18, 2024 5:22pm
Notice that BCE touched $33.02 today. I have seen traders do this before while walking a stock down. That strategy would see them try hard tomorrow morning to break $30.00 Hope that is not the case here, but would not be at all surprised nor happy to see it.
Comment by
riverrrow on Dec 18, 2024 10:22pm
I didn't get a fill today on my buy order at $32.99 CAD, and that's a good thing. GLTA.
Comment by
Davesnothere on Dec 19, 2024 8:47am
Correction, I meant they will try to break support at $33.00 today. Let's see if the bid holds!
Comment by
Davesnothere on Dec 19, 2024 9:03am
Professional traders using the latest and greatest tools designed to squeeze every drop in a volatile situation such as BCE is in now. They are not stupid
Comment by
1condor on Dec 19, 2024 2:55pm
Davesnothere...no way the 33 holds. I see 29 as the low in the new year.
Comment by
Davesnothere on Dec 19, 2024 3:26pm
1condor, if that's the case , then i hope you will have a pot of cash ready to deploy. I am tapped out.
Comment by
1condor on Dec 19, 2024 4:57pm
Davesnothere...I see 29 bucks as being the worse case scenario...to get there would be the result of a divvy cut (something that I am leaning towards as possible). I will have some bucks on hand in case this scenario comes about. If one believe no divvy cut is coming then buying at todays level in the low 30's will turn out to have been a very good move.This is just my opinion of course.
Comment by
Toppicks1 on Dec 19, 2024 8:00pm
I see 25$ if they cut the dividend. My opinion... and yes I think they will...
Comment by
maplak on Dec 18, 2024 4:55pm
Powell suggested only two rate cuts next year. Maybe he is counting on some tariffs on both sides which will trigger higher inflation. I think Trump will impose some tariffs on Canada but I don't think it will be 25%. Tanking Can $ is good news for BCE since they expanded to USA .A part of BCE's revenue from Trump's happy nation will come in US $ .