Because of holidays markets will be closed on Friday.
So what to expect: not a lot......and most probably no direction.
Why: it's Easter and it a long week-end.
Expect low volume and on my side i will try to catch interesting companies that could trade lower due to lack of large buyers.
Companies like YRI.TO GPR.TO AC.TO SU.TO
I was asked recently what i was thinking about Bombardier (BBD.TO) and at this time i would not touch this one with a 20 feet pole.
Even if it is a great company (at least it was) their recent problems with c series and the fact that most of their reserves went toward that C series and that profitable division were almost forgot including smaller aircraft divisions makes me think that Bombardier is now a C series make or break and my guess is: break or sell to Chinese AFTER a reversal. I am under the impression right now that a 1 for 10 reverse split is in the work and based upon the reasoning for this split, it will not be that profitable and i expect the stock to drop around 70 Canadian cents before split and around 5$ right after.
Not the best investment at this time.
Enjoy your long week end
So what to expect: not a lot......and most probably no direction.
Why: it's Easter and it a long week-end.
Expect low volume and on my side i will try to catch interesting companies that could trade lower due to lack of large buyers.
Companies like YRI.TO GPR.TO AC.TO SU.TO
I was asked recently what i was thinking about Bombardier (BBD.TO) and at this time i would not touch this one with a 20 feet pole.
Even if it is a great company (at least it was) their recent problems with c series and the fact that most of their reserves went toward that C series and that profitable division were almost forgot including smaller aircraft divisions makes me think that Bombardier is now a C series make or break and my guess is: break or sell to Chinese AFTER a reversal. I am under the impression right now that a 1 for 10 reverse split is in the work and based upon the reasoning for this split, it will not be that profitable and i expect the stock to drop around 70 Canadian cents before split and around 5$ right after.
Not the best investment at this time.
Enjoy your long week end
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