Post by
GuidoSan1 on Jun 13, 2022 10:22am
OH OH
The market trim is well underway (under statement lol) and we all have had a chance to circumvent it.
On a 10 year TSX chart and from Friday's close it appears the following levels will likely get tested, 18780, 17720, 16010 and heaven forbid 14600 as a bottom line in the sand.
What could that mean in terms of BIR, SDE, or any stock for that matter even though in the case of Oil/Gas stocks and commodities remaining high, well, as much as a 30% haircut from Friday's close before things might stabilize quite possible if the historical charts are correct.
All IMO of course, damn I'm short cash for that Lamborghini again lol, good luck, and yes Jeff had it righ,t allright, cashing in pre market collapse, cause recovery may be slow to see the lofty heights achieved just a very few short weeks ago.
Hope I'm wrong, cheers.
Comment by
Burgersandfries on Jun 13, 2022 10:36am
I think the only saving grace right now is at least the price of gas is not crashing and company cash flows are great...but in a bear market that doesn't mean much.
Comment by
Burgersandfries on Jun 13, 2022 10:42am
Very little volume so far on the oil stocks. Lets see if bir buys shares they were while and before insiders were selling.
Comment by
GuidoSan1 on Jun 13, 2022 11:15am
LOL shouldn't have said that NG down .37 as we speak!
Comment by
Burgersandfries on Jun 13, 2022 11:22am
Ha yah always the way. Go for a shower and market tanks :)