$CLOV was a meme stock, but it was undervalued before the surge
I’ll admit it, I didn’t do any fucking research into CLOV beyond the meme potential and have noticed it drop of the map on mentions/comments/posts. So if you’re like me and still holding on to some this is for you, and if you’ve seen the massive spike AND drop that happened after the last few days and you’re thinking about buying up shares or calls then read on.
So as far as I can tell here are the big points consolidates for easy reading
• The company has 4 employees? Obviously not. It was merged back in January with a SPAC run by Chamath Palihapitiya which is a guy known for supporting meme-rising stocks like GME and AMC. So P.P. Pretty much owns the company as far as I’m concerned.
• the inflation numbers that came out definitely hurt SPAC’s in general, plus with a huge spike the price was coming down regardless. I sold most at the top and made great gains but depending on tomorrow if it drops lower I’m dropping everything back into it for longer term.
• CLOV had a HUGE bullish bet from P.P. before the stock even exploded and the dude is known for merging private company’s with SPAC’s, going public, and making profits. That was Jan and now we’re in JUNE.
• crayons and graphs tell me that this company was on its way up past $20 during the merge but there was in investigation started up about the company misleading investors. That being said, the company’s still didn’t get shorted like the rest of these easy-to-short companies around the time.
If you’ve gotten this far congrats you can read and if you haven’t here’s the TLDR/summary:
CLOV is undervalued being blow $20. There isn’t much short interest on the company so this isn’t a fucking “meme war” stock but something to invest in and make some money on in the next month or two after nerves settle from stupid ape-shit meme’ing and inflation data becoming older news. Without pressure of shorts this stock will rise up well over $20 and Dr. P.P owns the company and is betting on it going up
Positions: 200 shares and calls for 7/16
And don’t comment without your fucking posting your positions, if you have any left you dumb shit apes! 🚀
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June 10, 2021 at 02:33PM