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badbeatnuts
Dec 3, 2020 8:15 AM

MOMO - buy you, fools! Long

Hello Group Inc.NASDAQ

Description

This is coming directly from Gandalf, honestly. How come a 2.5bil market cap company make about 3 bil a year in earnings? They are restructuring revenue streams and while the revenue has spiked enormously in the past years while earnings are kept about at the same rate, this should change in the future. It is heavily underpriced and perhaps the Chine delisting FUD or the general unlikeness of this stock has pushed prices to around 2016 level and ultimate low of around $10 a piece.

I do not see this going further down, there are massive divergences technically and would place an overweight position on this.
Comments
Kachino
Hope for a reversal to 20 in a couple of months.
badbeatnuts
@Kachino, I am like 100% certain that it would reach $20 within 6 months.
Kachino
@badbeatnuts, are you buying shares or you're more options play?
badbeatnuts
@Kachino, For Momo specifically, I am just buying and averaging position.
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