Post by
BSdetector2016 on Nov 05, 2024 8:01am
Some casual observations about share price
On November 1st BCE closed at $44.81. Yesterday, November 5th, BCE closed at $40.47, which was a one-day drop of $4.34. In my experience, bad news ripples through the market over a period of about three days. Yesterday was Day 1. Share price drops continue as well, usually by a factor of thirds. Today I expect an additional drop of ~$1.45, implying a close of ~$39.02. If the law of thirds continues to apply, then tomorrow will see a potential bottoming-out at ~$38.50. After that dumpster divers will probably start buying, thus helping to support SP.
Comment by
BSdetector2016 on Nov 05, 2024 8:36am
Read TD Cowen's report and note the title; it isn't exactly a glowing endorsement.
Comment by
BSdetector2016 on Nov 06, 2024 10:58am
Well, here we are on Day 3. At the time of writing the share price had dropped to $39.66, so not quite $38.50 yet. However, given the volume churn, the drop will probably not end today.
Comment by
Ocalaman on Nov 06, 2024 11:21am
Lot of pent up emotion going into results and conference call tomorrow,
Comment by
BSdetector2016 on Nov 06, 2024 11:26am
They won't be pulling any rabbits out of hats. Will anyone believe a word Bibic says tomorrow? Shareholders are shooting first and (maybe) asking questions later.
Comment by
Quintessential1 on Nov 06, 2024 4:38pm
Yeah these were good calls. See you again tomorrow Kreskin? GLTA