![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Wednesday, March 20, 2024 11:27:37 PM
maybe he has a reason why the stock went up 8 times his long term target of 2 cents - just in one day. It is over 80 times the No Name target!
Why would short term moves have any bearing on a long term target, especially when there has been no new information?
If you think "Mr. Market" is always right then you have no business owning stock in any individual company, including Fannie and Freddie. The reason to be long is the belief that the market is underpricing the shares.
Also, the argument of "well if you think it's going to 2 cents why don't you short it?" doesn't apply because being long and being short are fundamentally different. The latter is path-dependent while the former isn't. If you are long and think the stock is going to, say, $50 then the path it takes to get there can't force you to sell. If you are short and think the stock is going to 2 cents, you can get margin called if the stock goes up too much in the meantime even if you are right about the eventual destination.
Mass Megawatts Announces $220,500 Debt Cancellation Agreement to Improve Financing and Sales of a New Product to be Announced on July 11 • MMMW • Jun 28, 2024 7:30 AM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM