Post by
DZtrader on May 04, 2021 11:53am
Continually higher price targets keep coming!
Latest ratings just came over my screen today, Stephanie Price of CIBC, only with a hold rating and a $47.00 price target, still, given the price action as of late, a much nicer target than where we currently stand. As noted in an earlier post, this one is a bit hard to hold given the vol but I do believe will be well worth it once we get a nice announcment. If nothing else I am encouraged a bit with some of the buying I have been seeing. Yes there still remains selling pressure and that likely will not abait until such time as we see another pending deal, in the mean time you are going to see the weaker hands continually get washed out. Looks like fairly good support as soon as it turns $39. plus. Nice place to add. Can't even begin to imagine where we end up if someone really steps into this one. Big enough moves up even with small volume. Imagine a 2 or 3 hundred thousand block trade on confirmed take out target, onwards and upwards!