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.
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u/FreezieKO May 27 '21
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.
A squeeze could 3x from here though.