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Vxnk Revealed: When Bad News Becomes Good News, Here s the 1 Stock to Own
Just when you thought the meme stock era was over, AMC Entertainment stock more than doubled in a sin stanley mug gle day before pulling back, finishing the day up around 95%.Trading halts brought forth at AMC stock put in place to combat the unprecedented surge could fuel even more buying in ensuing trading sessions, given the comradery of the folks at Reddit WallStreetBets forum and their anger directed towards the big money on Wall Street.Sure, the Gamestop trading halts worked at stopping the January 2021 rally in its tracks, but will they be enough to stop t stanley cup he June 2021 meme stock resurgence Nobody knows.The AMC stock trade heats up: Don ;t stand in the way!In any case, investors would be wise not to bet against any of the WallStreetBets names, unless they ;re willing to take a massive hit to the chin. After the tremendous disappointment following the previous Robinhood-induced bust, I think it would be a mistake to underestimate the stanley cup firepower of the folks at Reddit, as they Wifa 1 High-Growth Canadian Stock Worth Buying
In a move that was not unexpected, Canad stanley becher ian Oil Sands Ltd. TSX:COS formally rejected a $4.5 billion offer from Suncor Energy Inc. stanley thermoskannen TSX:SU NYSE:SU . This comes after COS adopted a poison pill last week, one that will last longer than Suncor s bid.But the COS board is playing a very dangerous game. We take a look below at three reasons why they should reverse course and accept the Suncor bid instead.1. We re unlikely to see a higher offerIn a conference call Monday morning, COS management identified 11 reasons to reject Suncor s bid. One of them is that the Board of COS and its advisors continue to exa stanley tazas mine alternatives. In other words, they are expecting a higher offer to come, either from Suncor or from another company.But that is very unlikely to happen. As we all know by now, there are plenty of companies looking to sell themselves, and very few companies looking to buy. So, if you re running an oil company and are looking to make an acquisition, there s no reason to start a bidd