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AVID stock is ready to go up?!?

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Re: AVID stock is ready to go up?!?

Postby The Red Bladder » Sat Oct 31, 2020 12:30 pm

I appreciate the observation that AVID is a zombie. That means it has unique opportunities for trading, which can result in very good returns, even higher returns than buy and hold of a profitable company during the same period.
Buy and sell points should be somewhere around $5 and $8. Just do not get caught holding stock when the depression hits and the markets implode!

Weare heading full-tilt into a downward deflationary spiral, triggered by irresponsible central banks, profligate governments, C19 hysteria and Brexit.

Don't be too surprised if this time next year unemployment in the UK is around 20% or possibly far higher.
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Re: AVID stock is ready to go up?!?

Postby DC-Choppah » Mon Dec 07, 2020 7:42 pm

Trading now near $14.

Been steady at $12 range for a month.

The stock has found a new mean value. But you will note that this is purely speculative since the higher stock price has driven up EPS into the $33 range. So future earning are being anticipated here.

That means the stock will be punished if it does not deliver on that promise since those anticipated earnings increase are now built into the price.
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