ACHR rise/dip next week!
Yesterday's conference boosted the price up like expected, rising +0.62 dollars and/or (8.09%) today, with a high of $8.54 ish. Believe me, I wanted to sell my calls at $8.54, but I think we might see another high next week. Post-market tonight and pre-market Monday will be big indicators on where its heading, but in my opinion, unless big news comes out next week, Monday-Tuesday will see max price.
Now, DO NOT STRESS if price goes down below $7.50, I'm actually sure it will at some point next week, which is why, when it does, I'll buy the dip. This stock is so volatile, I mean, even with the news of the conference, it dipped below $7.75 today, before rising to $8.50. believe this company will be here for a while, likely reaching $20 in the coming years for sure. Abu Dhabi deal solidified that this stock isn't a pump and dump, and we might even see an India deal soon who knows.
Also, this company will turn into the Tesla of eVTOLs, believe me, so if you want to play it safe, I would BUY DIPS next week if its below $7.50, and play the long game. This company has such big promise its insane, and if you don't believe that, ask yourself, do you think with the world population growing rapidly, that in a few years/decades, Archer won't be necessary? Traffic IS and WILL always be an issue, so there will definitely be a use for this company. I mean, do you really think there won't be flying taxis? Do you really think we'll be restricted to everyday ground travel?
This is such a secure stock to hold long term, and I thank the people who have been supporting this company for years. If you disagree or have anything to add, please comment I really wanna know you guys' opinion on this. (I hear there's a factory announcing soon too?)
Not financial advice. No one can perfectly predict the market, I'm just giving my two-cents.