I'm confused why no one is talking about this stock? CBS is a very profitable company, large subscription base, screwed by HF so stock dropped 60%, has higher short than GME, next quarter earnings in less than a month with last dividend pay out, price to earnings ratio almost 12 times that of competitors, and just received a 11 year contract for the NFL. Main reason it tanked was because a HF Archegos screwed them and got margin called having causing several banks to sell off shares to cover the leveraged loss. Several analysts in the past week have upgraded $VIAC to a buy and to outperform, with the stock price point of ~70. Its currently selling around a little above 41. The major unwinding has already occurred, but the shorts keep pushing the price down any time the momentum starts which is scaring people away. Buy the stock, make a quick buck when it booms, then buy more GME....simple. There has been several DD posted in here but it keeps getting down voted. I wonder who is doing all the down voting? Could it be all the shorts trying to prevent another GME? IDK but getting into this stock now is all over the market. Is there something I'm missing?
$VIAC
4 years ago in #walllstreetbets by bemotivated (-8)(1)
$0.00
I’d buy in the 30s. I’m still not convinced the banks have liquidated their entire positions.
What you’re conveniently omitting is the fact that this was a $40-50 stock pre-pandemic and $30-40 post-pandemic before the violent rise up which was actually caused by all the buying Archegos did via swaps. So the big unwinding was actually just undoing the buying that they themselves did.
In at about 400 shares, bought a bit early at 44 and then averaged down. Hoping to flip it at 52.
Holy crap this chart is insane. I’m watching
I've got some Jan 21 2022 calls in hopes that it gets back to where it should be