Post by
SignorAnderson on May 24, 2019 4:25pm
Disappointing Action today...
I thought the NASA news (what a vote of confidence) should have been able to allow longs to take the US $9 level before retracing IMO and the fact that it did not take US $9 is disappointing IMO and possible room for pause. Having said that it is perhaps some impatience on my part speaking LOL. We need to acknowledge a huge run up here and there will be many passengers getting on and off throughout. My opinion is we will have far greater numbers getting on then getting off and so far I have been correct. We are also creating a foundation upon which to launch future gains. Too rapid gains make for weak foundations. So we can look at the positives. Having said that, those of us on this train for the long haul and assuming the current trend remains in tact, US $10 is almost a certainty followed by US $12. Again, the "when" is unknown. We "should" have generally smooth sailing right into Q2 and given the current back drop I am expecting a general rise into next quarter which stands to improve upon Q1 results. Barring systemic issues, we have seen enough to know that movement can and will be violent in both directions. Once/if cost cutting measures are witnessed and improvements in top-line numbers witnessed then Maxar has the potential to exceed previous experiences/results IMO. GLTA
Comment by
nel12 on May 24, 2019 4:53pm
The market is now in the US. Last 2 days 4 mln. sh traded in Canada vs 20 mln in New York and Monday is their holiday, so let's get our rights next week or two and after we will see. It is hard to see it retrace but it has been giving me hope the last couple of weeks.. GLTA