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Magna International Inc. (MG.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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65.53-0.88 (-1.33%)
At close: 04:00PM EDT

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  • S
    Sam
    If you are already a Magna shareholder and are at a great paper loss, realize that eventually everything will be fine but the road ahead will be very difficult. That was why I was warning people when this company’s stock price was trading near its peak.
  • T
    Thomas
    I sold my entire position in MGA today and moved proceeds into VHT for the time being. I will revisit purchase when the time is right.
  • S
    Sam
    Please hedge your positions… It is easy to say “just buy and hold and don’t hedge”, but is it so easy to say that when you are at the bottom of the collapse and the world around you seems like it is falling apart? Because I can guarantee you that is where we are heading. In the Great Capitulation you will want to have some insurance relief to reduce your cost basis. You can hedge by buying long dated put options, inverse etfs, and short selling.
  • d
    dave
    Just mute that one dude and literally 90% of messages are gone
  • S
    Sam
    SELL every stock and bond that you are NOT at a heavy loss in right now. If you are at a heavy loss in MGA, just keep you shares and focus on reducing your cost basis during the severe crash that is close at hand.
  • S
    Sam
    Get out of all equities now. Sell everything while you still have time! No normal stock or security are immune from the heavy damage that will be inflicted upon the market. This includes traditionally high quality names like MGA, AAPL, VHT, SPHD, VNQ, QQQ and so on. Even bonds should be avoided right now. Stay with cash if you are not willing to short the market. Cash is king right now.
  • W
    Walker
    Sam has some issues…
  • G
    Gary
    the markets are going to get slammed even more ...we're headed for recession or depression - mga still a great investment ..you can wiat to but or dollar cost avwrage over time ..mga positioned really well for a bright future and lots of growth ..
  • S
    Sam
    Once this company’s stock price falls below $50 USD, I would generally recommend that Magna longs do not sell out of their positions. The majority of Magna retail investors are already facing a major paper loss. Many were bull trapped around the peak… which is when I started warning people, so they would not have to suffer. The collapse will be psychologically gruelling and so perseverance will be important. The journey to a modest recovery will be brutal. Investors trapped with a high cost basis should focus on reaching $50 USD (67.56 CAD) or lower by investing heavily during the crash. For those waiting to invest - continue to patiently wait because a life time buying opportunity will present itself.
  • M
    Mike
    this is sad to watch
  • S
    Sam
    Those who reject my guidance will suffer. Those who accept and follow my guidance will prosper greatly. This is the simple and plain truth.
  • T
    Thomas
    Sam...It looks like the pendulum has swung to your side...we will have to see what transpires...but it does look like a recession is unavoidable. I have moved a good amount of my portfolio into VHT for some protection...I have not sold any MGA and i add monthly as usual. Time will tell
  • A
    Allen
    if you are starting to buy the dip, it might be wise to limit your purchases just a few at a time because it looks like it's going to go down further. remember, it always seems like it goes lower right after you buy it!
  • r
    robert carlson
    earnings estimate trend is still healthy, which belies the stock price action. A victim of total market psychology.
  • D
    Doug
    Are any more rumors on Apple's electric car still circulating? I thought Magna was going to manufacture the car?
  • T
    TJ
    this price is the buy of a lifetime. Buy now and you can retire in 5 years on your winnings when this hits $100+
  • J
    James
    Buy the dip ez
  • T
    Thomas
    I added 100 shares at 55.75....keep telling myself...long term!!
  • S
    Sam
    Eerily similar to 1929 and the differences actually make today worse. Prepare for the ultimate crash. “History Doesn't Repeat Itself, but It Often Rhymes” – Mark Twain.
  • T
    Troy
    @Sam Kudos to you Sam, the pendulum is swinging back in your direction. If the July lows do not hold, 40s are a given. 30s?