Post by
rixpix on Nov 04, 2024 10:07am
So, is BCE now a good Buy or a good BYE?
IMO this is a terrible acquisition, a huge overpayment, and something that was definitely not needed at this time.
I am so glad I resisted and never bought even though I was tempted on several occasions.
GLTA.
Comment by
jx7000 on Nov 04, 2024 11:53am
Their chart from April 2022 to now does not look good for what was supposed to be a blue-chip company. There'll probably be a dead-cat bounce from today's price of $40 but ya have to be nimble (playing options) to make a buck.
Comment by
1condor on Nov 04, 2024 12:17pm
jx7000....BCE is not a buy here! The 40 dollar level will be breached for sure...as far as the bottom I have no idea. Am certain there will be no dead cat bounce at 40 bucks. I stll own a "smaller" position as of this morning..but am not happy what this company just did. I expect another drop on the upcoming earnings release. Stay clear of this one as it very likely to get a lot uglier.
Comment by
rixpix on Nov 04, 2024 7:18pm
I was ready to start nibbling but after today's shocker mgmt has lost all credibility with me. I'll wait till after the results and into tax loss selling season in Dec before making my final decision. GLTA