How low can you go?
One app says $16 top to $5 as their guide. But so many brought based on hype they canāt afford to sell so Iām guessing will stay where it is till they get desperate for funds. But Iām no trader and just guess.
1 Like
What app is that?
Revoult
Like anything you decide what you think itās going to do.
Good news for late to party price gone up again.
Canāt remember the name but one of them has a $1 target. Enough said.
This stock lol hopefully another bullish green day tomorrow.
Canāt wait to see all the negative posters on hereās reaction if this moons.
Love this stock.
$1 is only 35% down from before the pandemic and streaming platforms destroyed their business model.
$1.5 is a full recovery to pre-pandemic, pre-day1-Disney+ releases market cap, which feels pretty generous.
Many of those higher price targets were created when there were only 100m shares outstanding.
If people believe in short term squeeze thatās fine, but I donāt understand arguments that this stock is worth 35X what is was in 2019 based on fundamentals.
6 Likes
Iād argue it has already been through the short squeeze to get from 2-4 to 50-60 usd. Some on here will disagree.
For all those people claiming about shillbots etc there is also no escaping that the ape side of things has also been highly manipulated.
2 Likes
Howās it been through a short squeeze when they still havenāt covered their shorts? Lol
Price got to this point through FTDās and fomo buying.
2 Likes
The fundamentals of AMC are terrible in all honesty. Most people are here for short squeeze. This stock doesnāt go off fundamentals or technical analysis at this point.
1 Like
Completely agree, as I said short term all bets are off and analysing the company is a waste of time.
Thatās why I think itās disingenuous to point at price targets from analysts that are based on fundamentals and mostly published in 2020 when there were 1/5th the number of shares outstanding. Hardly any sell side analysts are covering this stock so itās no wonder the ratings are messy.
2 Likes
Disingenuous to whom? The analyst with a $1 target or the analyst with a $16 target?
How do we get to an Underperform Recommendation Rating from these numbers too? Iām a bit baked, am I missing something?
All of them, they werenāt trying to predict these short term events they were trying to assess the fundamentals of the company at the time they were written. That $1 target from MKM was in Feb 21 which actually makes it equivalent to the $4 targets in 2020 and more bullish than some of the lower 2020 targets.
For what itās worth I think these targets are often pretty meaningless, trying to distil research into a single price is always going to be flawed (like trying to convert a film review into a 1-5 star rating) and there are many legitimate criticisms of them, but donāt try and pretend they are something that they are not.
3 Likes
Iām not sure what you think Iām trying to pretend they are?
Edit to add what I do think they are. I think theyāre meaningless. The thing with review ratings for movies is weāll get enough ratings to get to a decent averageā¦
Has anyone here brought more shares at current prices since people are so sure price is going to go crazy.
Not since May, I like my Ā£7.11 avg too much lol. Iāve got quite a small amount though, am a GMEār for the main.
1 Like
Iāve bought at all price points, highest was $57.
Iām going to buy more today.
4 Likes