Jul. 15 at 2:49 PM
$DOW If a company sells off a large portion of its assets just to stay afloat, and its price per share has historically peaked in the
$70S, what makes people think it can return to those levels? That is a significant stretch, if not impossible. In my opinion,
$50 is the new
$70 at best, but the
$40S are more likely. I anticipate buying at
$23 by October or November, or perhaps even sooner. If the market also falls, the price could drop into the teens. I don't expect the market to crash until after the midterms—but what do I know? I’m only right 90% of the time.
