i feel like just about every website wrote some version of this article over the weekend Bet on the Metaverse’s Build-Out with a Stake in Matterport https://investorplace.com/2021/11/bet-on-the-metaverses-build-out-with-a-stake-in-mttr-stock/
it's on the move again Matterport Inc NASDAQ: MTTR Follow 35.09 USD +2.71 (8.37%)today Dec 1, 9:38 AM EST
... and another Best Friend Trade. Go Janes, its yur birtday... https://stockcharts.com/freecharts/candleglance.html?mttr Doji Best Friend https://www.elitetrader.com/et/thre...t-right-here-baby.335635/page-21#post-5368378
It hit $37.60 lol. Gotta give the shorts something to worry about. It'll probably settle down a little now.
if MTTR does keep dropping, i'm working out when to buy back in. To me, anything under 23 is good--not amazing, but good. obviously, under 20 is ideal, but i don't think it goes that low unless we have a market sell off. what do you think VZ? i've got to research, though, if they have a lock up expiration in january though.
Right now, it looks like it might head back up. $26 I think I'd wait though, its a tough call atm without knowing up to date short info. Its HTB, is this the top of the squeeze or is it just getting started? If I had to guess, I'd say it heads back up, all things being equal market-wise. I don't think it'll see new highs until the next earnings report though in the absence of any news. Its in limbo at $26. I'd say $2.50 upside, $5 downside is the risk.
OK, some Matterport lockup research: Usual stuff from the MTTR filing: "the term “Lockup Period” means the period beginning on the closing date of the Business Combination Transaction and ending on the date that is 180 days after the closing date of the Business Combination Transaction." The merger was approved at the meeting on July 20, 2021, then started to trade under MTTR July 23, 2021. Not sure which is treated as the closing date. Let's say it's July 23, that puts lock up expiration around January 19, give or take a few days.