Laurentian Bank of Canada T.LB

Have we found the bottom!

[rad10]

Cam in a little too early on this and cut up my fingers...

[perplexed01]

is this a little bounce before resuming the downtrend or an actual reversal?  i doubt we will see any bullish news this year but maybe no more bad news either.    i think the pain is not over but we may have seen this years low.  tax loss selling is a wild card but given the severe sell-off already maybe a non-event.   if so wish i had bought more ~ $25.  anyway

[DeanEdmonton]

No, I do not think this has found bottom yet. It moves up when the other banks show strength buut the overall direction for LB is still down. I would expect it to bottom about $22, but that also depends on this quarters results. If they are weak, bottom could be even lower than that.

[perplexed01]

from the chart it would take a rally to $30 to confirm a reversal but only a small drop to $25 to prove the current downtrend.  right now it looks like chance favors your assessment.  to me it looks like its going nowhere for now.  only 2 weeks until the banks start reporting.

[Northforce13]

I'm curious to see the next two quarters.  The quarter after the next should give a full picture of the impact of the 5 day +/- shutdown and how badly that hurt. 

[canader]

not for the faint of heart

[Puma1back]

How you deal with a screw up is often more important than the screw up and 1) the new ceo made it mandate #1 to reach out to customers 2) if there had been an exodus, i think the business papers would have been more than happy to report every negative interview and customer complaints.  it wiill elevate costs in Q4 but this new ceo is the one who built the personal side mandate of