im longing in this area as well. Pretty good place to put a long
beatjunkie74
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how about the cash / liquidity on their balance sheet? this seems to be dire situation for the whole industry, as many companies in this industry are in a cash crunch on to last them on average till q3/q4 at the latest...i'm hoping they can get through this, if not we may be looking at some real insolvency problems
mikhail_bobrov
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Earnings report tomorrow morning, we'll see how it goes. I think it will plunge.
Barkworth
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Buy the fear at the right price, not just when everybody is scared. We should only look at the right side of the chart. Downside ahead.
Trumbold
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@Barkworth, Right price should be close through the day today after ER. Holding bags here...this is going to hurt! Long term future is bright if we can survive 2020!
Barkworth
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@Trumbold, I agree with that, friend. I got out on the CEO exit news, and I am looking at a new entry point. I don't need to catch the bottom, however. Just wait for better sentiments. We must not forget that stock markets are at their peaks, and we'll soon see a decent correction to the downside. Stocks like ACB will bleed hard in such an event.