Price Forecast:

Bullish Case: Bullish momentum may emerge due to anticipated merger benefits, coupled with lower implied volatility over time. If confidence in the housing market returns, MITT could experience a rebound, leveraging support from operational efficiencies.

Bearish Case: Conversely, sustained high implied volatility presents significant downside risk, especially with ongoing pressures from interest rate increases and potential default spikes damaging investor sentiment. Price could further drop if market conditions worsen.

Potential Outcomes:

1. 60% - Successful merger drives stock recovery, increasing performance.

2. 25% - Flat performance due to external market pressure leads to stagnant shares.

3. 15% - Unexpected spikes in defaults lead to sharp price declines. Each outcome reflects historical performance trends and current market volatility.

Trading Oracle: Sign Up to access trading oracle trade ideas.

November 17, 2024