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Welcome to the Hardcore Husky Forums. Folks who are well-known in Cyberland and not that dumb.

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  • godawgstgodawgst Member, Swaye's Wigwam Posts: 2,523 Founders Club
    The only way most any stock (but especially large well know ones) like Viac and Discovery go down like they did was accounting irregularities. Yes you can have the occasional Gamestop but that's the exception and not the rule, and was based on the reddit warriors.

    Sunday morning when I read it was a forced sale, that filled in why it happened and my thought was Viac opens up 5 tomorrow morning. I know see there is another 45 million shares for sale Sunday afternoon from Morgan Stanley which is 2.25 billion. I believe this will push the stock down 5 at the open.

    If I can get in at 40 I will re-start a position. No chance on this planet it was worth 100. but to go from 100-40 in two weeks is extreme. I calculate fair value at mid 50's maybe 60 if you believe they have a good pipeline in the streaming content. I think it's pretty jaggy, but am not the target customer b/c of my age for any of the streaming services.

    As a trade it has potential.

  • EwaDawgEwaDawg Member Posts: 4,292
    godawgst said:

    The only way most any stock (but especially large well know ones) like Viac and Discovery go down like they did was accounting irregularities. Yes you can have the occasional Gamestop but that's the exception and not the rule, and was based on the reddit warriors.

    Sunday morning when I read it was a forced sale, that filled in why it happened and my thought was Viac opens up 5 tomorrow morning. I know see there is another 45 million shares for sale Sunday afternoon from Morgan Stanley which is 2.25 billion. I believe this will push the stock down 5 at the open.

    If I can get in at 40 I will re-start a position. No chance on this planet it was worth 100. but to go from 100-40 in two weeks is extreme. I calculate fair value at mid 50's maybe 60 if you believe they have a good pipeline in the streaming content. I think it's pretty jaggy, but am not the target customer b/c of my age for any of the streaming services.

    As a trade it has potential.

    Thanks. I might normally be inclined to flee but I sold whatever VIAC that I had a couple of months ago. But buying during/after a oversell situation may indeed be good short term (< 1 yr) play.

    I'll keep my eye on VIAC for a while.

    Do you think it likely that some china based stocks will take a hit? I have some exposure there but mostly through ETFs. The two I own are down about 4.5 % since December but were up about 2 % on Friday.



  • doogiedoogie Member Posts: 15,072
    Hedge funds on their way out
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