To each their GME

[vanzandt]

April 19, 2021 04:19 PM ET (BZ Newswire) -- Long Ideas

Clover Health Investments Corp (NASDAQ:CLOV) is up 28% from Wednesday’s close due to three factors that are aligning:

News: Clover Health has become a top target in the r/WallStreetBets Reddit community.

Short Interest: As of Friday, the short interest in Clover Health stood at 36%, with 89,341,692 of 248,802,100 shares being short volume.

The Chart: The stock found a new bottom and began trading sideways, indicating an accumulation of shares was taking place.

When a number of factors align on a stock, a large move can occur more easily, and on Monday morning some options traders noticed the stars were aligning for beaten-down Clover Health and bet more than $419,732 that the stock is going higher.

Did you give up yet?

 

[easymon1]

Minute amount, everything is in AMC... just kidding! But yes, very little. This was meant to be a few days hold for a quick buck (2500 shares@8.54) which turned into something longer than I wanted to. I put a sell order @10.54 as it hit 10.57 but it dropped faster. I'm in no hurry and will wait for the next surge to cash in, this time maybe 11.54...

Do you have a stop for this bad boy?

 

[vanzandt]

If he hadn't been around here as long as he has, I'd say he was one of the dead WSB folks.
It'll bounce, but like I said in my initial post which has proven itself true (go figure)... all those call buyers yesterday north of $10 needed a haircut.

With that in mind, don't expect a spike up until the open interest on those calls falls off a cliff.
When it does, this thing will run to $12.

I really should get a paycheck around here.
Whaaaaaatever.

 

[maxinger]

wsb folks gave up their rally cry already?

after many failed attempts to push CLOV up,
time for the wsb folks to move on to another stock.

 

[vanzandt]

after many failed attempts to push CLOV up,
time for the wsb folks to move on to another stock.

That sage advice would have been better well received yesterday morning... as I wrote it at the the time.
Cheers Mr Trader.

 

[VicBee]

If he hadn't been around here as long as he has, I'd say he was one of the dead WSB folks.
It'll bounce, but like I said in my initial post which has proven itself true (go figure)... all those call buyers yesterday north of $10 needed a haircut.

With that in mind, don't expect a spike up until the open interest on those calls falls off a cliff.
When it does, this thing will run to $12.

I really should get a paycheck around here.
Whaaaaaatever.

Yes, yes you were right there. I'm gonna have to wait for the net cycle to sell at peak, whatever that is. I don't have a stop, but I have time...

 

[VicBee]

Here's another one... Thoughts on SKLZ?

I'm sure there's a name for a perfect Mt. Everest chart and it's not a nice name...

 

[maxinger]

Here's another one... Thoughts on SKLZ?

I'm sure there's a name for a perfect Mt. Everest chart and it's not a nice name...

your selection is getting worse and worse.


this must be a condemned company.
why is the company doing so badly?

The chances of it going to Mt Everest is
0.000000000000000000000000000000000000001 percent

it might continue to go down a little.
Then it will RIP for many many months/years/decades.

 

[VicBee]

your selection is getting worse and worse.


this must be a condemned company.
why is the company doing so badly?

The chances of it going to Mt Everest is
0.000000000000000000000000000000000000001 percent

it might continue to go down a little.
Then it will RIP for many many months/years/decades.

Its Mt. Everest was 46 on February 8th of this year, now back down near its Nov 2020 low of 10, all within 5 months...

BTW... This one is a darling of ARK's Cathie Wood. But all her funds, which also have been darlings of many, are seriously underperforming this year...

 

[maxinger]

Its Mt. Everest was 46 on February 8th of this year, now back down near its Nov 2020 low of 10, all within 5 months...

BTW... This one is a darling of ARK's Cathie Wood. But all her funds, which also have been darlings of many, are seriously underperforming this year...

Wood's darling? my goodness!
I always listen to those talkers with ears closed.

it might go to the moon, Mars, or beyond
but the chances are
0.00000000000000000000000000000001 percent.