Q: Hi,
Been waiting to buy TRI as it is really oversold, but still dropping. How will we know when we get to total capitulation (and the bottom).
Is someone going to ring a bell? lol
Been waiting to buy TRI as it is really oversold, but still dropping. How will we know when we get to total capitulation (and the bottom).
Is someone going to ring a bell? lol
5i Research Answer:
No bells get wrung. We thought support might show at $120, yet here were are at $116. Yield is now 3.06%. The dividend (just raised) we think will start to provide some support. Capitulation often involves price gaps down and giant trading volume. Volume has picked up, but not to 'puke out' levels. It is important to note that fundamentals have not declined to anywhere close to the level of the stock decline. Most of the hit has been on fear and expectations. But sentinment is hard to call, and is not always rational. We continue to think that slowly buying into further declines of TRI is going to work out well for patience investors with a good time frame.