Quote:
Originally Posted by KGB
The markets are definetly reacting badly on the interest rate news from central bank dude… Wonder why- it was well anticipated before that the rates will be going up…Could be another buying opportunity? Or dead cat bounce?  |
I am generally a pretty patient guy but you have exhausted that with this ongoing dead cat bounce bullshiet. If you don't get it by now you never are going to. Look at the friggin 10 year chart. This applies to TD, RBC and BNS, and to a large degree BMO and even CIBC. If you bought any at the low between Jan and Dec of any year, you made great money, if you paid the highest price between Jan and Dec of that same year, you have still made good money. RY was $38 in 2012 it is now $125 and you collected at least $30 in dividends over those 10 years. How hard is that to actually figure out. Yes there are stocks like Nortel and Blackberry, Shopify and a whole bunch more that do dead cat, but those aren't what most people should be buying anyhow. Try not to confuse volatile crap stock with the good stuff. You don't get rich in one year.
