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SPYvsGME
8. Jan. 2022 21:59

Staying Alive Long

Paramount GlobalNASDAQ

Beschreibung

I don't know about you, but I got the Saturday Night Fever for VIAC.

Since Archegos made its fatal misstep, VIAC has been under short pressure from the Shylock.


Tax harvesting has relieved some of that pressure from shorts.

Add market sentiment shifting to risk off appetite,

We will likely see a retro stock like VIAC back in fashion this year.

I'm not saying the dance will rise to 100 again, but an ascending triangle breakout might see the 40-50 range again by the end of jan.
Kommentare
nickguar83
The stock is now OVERSOLD. It's PE has been cheap for many months now, at a current price of $31 the PE is at 6.6. Did the market already forget that VIAC had announced less than 6 months ago that they grew their subs from 18 million to 47 million?!! This stock should not be trading near its 52 week lows again all because netflix lost subs, why is VIAC price paying for Netflix losing subs?!! VIAC should have gone UP from that news!! Viac earnings in Feb will reflect at the very least a 3 times growth in ad revenue from the 3 times increase in sub growth. I am shocked that VIAC would drop $6 in a few days just because a COMPETITOR posted a loss of subs when we already know VIAC's success. What does everyone else think of this? So if VIAC posts more than stellar earnings will the stock STILL go down? The price movement seems very irrational....
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