Post by
Pete1986 on Jul 14, 2022 10:47am
Holy moly
Down another 10%. Crazy times.
Comment by
Pete1986 on Jul 14, 2022 11:09am
Lol, maybe they have to adjust their "target" again .) Kind of not really realistic:) Anyway, its gonna be interesting to see the new short report. I assume we will see a huge increase again, so short interest should be around 25%.
Comment by
Swingandmiss on Jul 14, 2022 11:30am
As aggressively as the shorts have helped to take down the sp will work for us on the other end. As soon as inflation starts to recede and fed slows down, the sector will turn around. At that point all these shorts will cover and probably start long positions. At that point we will get the explosive rally. I hope
Comment by
Pete1986 on Jul 14, 2022 11:35am
yep, but from which level? 5 CAD? Or maybe 2-3 CAD? Who knows. Anyway, great job from shorts, they already made many millions on the sell off. And frankly, I've never seen before such a sell off in an entire market. Crazy times, people panic and sell at any price.
Comment by
Swingandmiss on Jul 14, 2022 11:44am
The July inflation number was backwards looking, and I think it should start to slow based on oil and commodities receding. The August report should look a little bit better, and maybe it will give the Fed a little pause. it could get to $5 (I hope not), but the stock went from $5 to $20 in 2020.
Comment by
Swingandmiss on Jul 14, 2022 11:53am
We are already starting to see analysts forecasting rate cuts as part of their base case in 2023. If the recession is deeper than expected, it could be late this year. JMO