Post by
ScarletSpider on May 29, 2024 9:24am
Tomorrow Will Be The Day Of Truths
which will more than likely prove one recent poster who said this is overbought and roll over wrong!!! It has been the opposite oversold at prices below where it will likely establish a new floor at $67 plus. How is it conceivable that seversl analysts will be wrong about a low $67 to $71 year target. I believe that will be correct relative most likely $70 to $75 new one. This stock is trading below the others and has been from what i saw expectations and why it climbed as it has. Despite being more exposed than the others to mortgages it still has achieved excellent results. Again, if the housing market were to pull the value down than why in two consecutive reporting quarters have we not seen that? And to think that CIBC will change what they have been doing to have people qualify under tough conditions in high inflation and an already high qualifications earnings standards would be beyond me. There was a 1 percent or so mortgage rate cut (from what i understand) which should make the payments a little easier for those carrying them. Whatever CIBC is doing it has been working there is no need to change it and take any unnecessary risks especially in mortgages. If i were to look at "diversifying" i would look at putting money into strong and proven tech companies and as much as i cant stand it crypto. Hey i couldnt stand the banks giving 0 interest charging high service fees or looking for people to toe down huge chunks of monies to get free unlimited services premium credit cards and discount off safety deposit box so what have i done after 30 plus years? I bought my first bank stock almost a year ago and have not regret doing so as of yet...yup this was my first bank stock!!!
My Brother took advantage of the in branch financial planners and despite his risk adversion suggested the CIBC Nasdaq tech fund and it is doing extremely well for him. He took advise from TD as well as has accounts at both banks same thing. Too bad about that stupid drug trafiking though. Despite that TD stocks are worth buying sub 78 plus i believe they are still hoovering below that has an excellent target still low 84 and highest around 91 if i remember correctly that too in light of a possible 2 billion fine. Great to sit collect the divies buy on dips possibly sell some on profit free up cash to buy at those points of dips. Some people dont have money in anything else than divie paying bank stocks. In any case most likely going up no indicator for anything else. Lets see tomorrow should be interesting i think people who sold may not be happy they did but if on profit and to free cash to buy on dips they probably will be ok knowing that things could cut either way. I bought a handful 127 at 58.08 sold 27 at 65.05 to buy a tech mutual fund as a counterbalance to when this should sag a bit and that is kicking in at the right time so far. I plan to hold my 100 for 100 shares still look to buy. I was telling my family buy as many under 60 wish they listened at then with the target in 70s when these were trading $65 same for under $70 so far as i said CIBC has shown in 2 consecutive quarters why people should have done so i strongly feel this one tomorrow will prove buy as much under 70 correct too. Lets see though. I do have my sell some cut point though so as long as it stays above i keep holding possibly adding if i can on a cost averaging basis when it makes sense taking commission divie payout and share appreciation into account. I wouldnt look less than 10 shares minimum but who knows i cost average funds at 30 plus dollars at 40 monthly and they are doing reall well so i do think about stocks although only when i already have a fair size base again it has to make longer term sense.Regardless i am very happy so far with buying in.