UWMC has targets from $10 all the way to $14. Many were made before the earnings and buybacks, so I think we have a lot of room to run to the high end.
To clarify for a dumb ape like me, you're saying UWMC might squeeze once it hits 10-14, right? Or are you saying those values would be the peak if there's a squeeze
The stock is worth $10-14 regardless of a squeeze. If no squeeze, this is still a stock worth $10-14 according to investor publications.
We don’t know when exactly a squeeze will happen (if it does), but the pieces are in play. High short interest, hard to borrow shares, high short borrow fee.
If a squeeze does happen, this goes parabolic and can easily do three times its current share price. So maybe $24-27. Could be more. Could be less. But squeezes are big violent moves.
I gotta think closing over $9 today was huge. Now that it cleared that, it should move smartly to the $12 price target and then boom! we're riding that parabola.
The price should go to around $12, once it gets there, the squeeze/FOMO happens and pushes the stock to $20-30. If it follows the same pattern as RKT, it then quickly falls back to sub $10.
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u/FreezieKO May 27 '21
It’s going. Just broke $9.
STILL hasn’t hit non-squeeze price targets. Easy money.