Post by
stockmarket1 on Oct 03, 2023 11:35am
Wow... Pembina shares are free falling...
Not looking so good at the moment... a falling knife in play
Comment by
stockmarket1 on Oct 04, 2023 10:10am
Once again today..another 52 week low. Dropping like a rock. HMMMM
Comment by
mrbb on Oct 04, 2023 7:27pm
my thinking is the fed likely to pivot in 2024. The economy is showing sign of weakness, and 2024 is election year (in the US). The fed might be jacking rates up in 2023 so they can lower it in 2024, hopefully lifting the utilities back up.
Comment by
stockmarket1 on Oct 04, 2023 10:27pm
If that is the case then. PPL could fall a lot farther since that is still a long way off. The shares could possibly drop another 10% or so?