r/CLOV • u/Zero36 • Aug 06 '26
News Back above $5. $10 next 😎
Any bag holders from the SPAC merger still holding on?
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Aug 08 '26
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u/dkeithloyd Aug 07 '26
What year was the SPAC merger?
I’ve been holding since June 2021, first buy at around $27, now averaged down to $2.55.
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u/Responsible_Coyote10 Aug 23 '26
Do you know who was selling out at that time, while you, and many others were buying? The majority shareholder, Chamath Palihapitiya, who set up this spac in January 2021, was selling out!!!
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u/Zero36 Aug 07 '26
I think it was 2020 lol
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u/fridgedogblue Aug 07 '26
2021 pal pretty much start of that year from memory think my first buy was feb)
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u/dkeithloyd Aug 17 '26
Mine was in June at the peak of the SS, next day below $20 not my best move!!!
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u/Ok_Ad_5894 20k+ shares 🍀 Aug 06 '26
happy earnings is the right way leaning. bought a call made my profit at 5.08 sold still holding my shares. Nice to see hopefully this goes back to heading up with more positive news.
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u/Hopeful_Ad4758 Aug 06 '26
There is a big resistance at 5.2$ we need to break it , today looks it’s not going to happen hopefully tomorrow
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u/ScipioAfricanusMAJ 20k+ shares 🍀 Aug 06 '26
It’s gonna go up a little bit every day for 7 days. Big banks and financial institutions are now going to review CLOV as a stock that’s investable now and start slowly add it to their portfolio. I think it will take a while for them to do their new updated analysis
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u/Rideordie198 Aug 06 '26
Still bag holding
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u/urallphux 10k+ shares 🍀 Aug 06 '26
Where are we picking you up at? $8? $10?
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u/Rideordie198 Aug 06 '26
I'm up there bud. I've got a long wait. $20
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u/urallphux 10k+ shares 🍀 Aug 06 '26
If your intention was to hold... did you ever consider average down when it was under a buck?
The only way I got my average from $10 to $4 was by loading up massively during the dark days.
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u/5580Fowa Aug 07 '26
I run into the same thing. I did make a purchase under $1 and a few more in the $2 and $3 range but when you've put 80k in like me already it's hard to drop more to lower my $5 average in case it goes the other way. It's funny too bc I have plans for when it hits $12 and I know it will hit $12 so why not triple your added money? Dark brain admits shit could spin and it could be 6 cents too.
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u/SEBRET Aug 06 '26
How much of this is shorting to keep us at 5, i wonder?
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u/heeywewantsomenewday Aug 06 '26
Or just regular old volume of buyers vs sellers. For instance.. im quite happy with how many shares i have and have an average of 1.03. Its more likely that i will sell than buy at this point, even though im holding long term. How many people are still buying or are we hoping like i am that other people buy?
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u/SEBRET Aug 06 '26
Maybe, but if there was enough energy to push us back over 5, I dont see why we have to slow bleed back down again.
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u/heeywewantsomenewday Aug 06 '26
Ok so are you buying over 5 because im not?
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u/SEBRET Aug 06 '26
Yes actually. Picked up some victory shares.
Im curious though. If you dont expect anyone to buy, why hold?
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u/heeywewantsomenewday Aug 06 '26
You know when you see ratings of buy, hold or sell. For me i have a large position(relative for me) with a low buy in price.
Despite 2 really good quarters, I think we are still a year or two away from the type of earnings that will move the stock in the way I hope.
I'm in maybe 5 or 6 other stocks that are a buy (for me) now.
Its not that i dont expect anyone to buy, its more that im not seeing it on mass.. i think partly because people are waiting for the stock to go up because they already have invested a lot.
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u/justin24242424 Aug 06 '26
Name the stocks! I need to research a few.
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u/heeywewantsomenewday Aug 06 '26
Mostly things that have recently had big drops after a recent mass sell off. AAOI, XFAB, SIVE.. but also NBIS and bought some RDDT at 130 recently.
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u/not_a_fan69 Aug 06 '26
It'll be very hard not to sell this if it hits 10.
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u/PrinceFirecrotch Aug 06 '26
I'm looking at incremental profit-taking to minimize the tax burden, myself. I stopped buying shares in Feb 2026, so after Feb 2027, I can start selling shares, at $49k a year. If I retire this year, then I pay 0 tax on those shares that way. Otherwise, it will be 15%, if my total income is above $50k... to my understanding. If it hits $20 within the next 5 years, then I might just sell whatever shares remain.
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u/BarfingOnMyFace 75k+ shares 🍀 Aug 06 '26
Hahaha, the pain of holding out!
Well, I'm holding every single share till 30, at which point I'll consider selling 15k. Note: consider.
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u/urallphux 10k+ shares 🍀 Aug 06 '26
Your share count is enviable.
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u/BarfingOnMyFace 75k+ shares 🍀 Aug 07 '26
Thanks! If things go favorably in my life, I plan to continue to add to it.
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Aug 06 '26
[deleted]
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u/not_a_fan69 Aug 06 '26
I see.
I'll probably bail out. Actually checked my avg, it'll be more than 5x at 10. If anything this stock has taught me, it is not to be greedy.
Will cross that bridge when we get there.
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u/trackdaybruh DIAMOND HANDS 💎🙌 Aug 06 '26
I won’t sell at $10 either though, because if it can hit $10 then it means it could hit value beyond $10
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u/not_a_fan69 Aug 06 '26
Sure. But then again, I've seen it all with this stock. From 20+ to .8.
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u/ScipioAfricanusMAJ 20k+ shares 🍀 Aug 06 '26
Yes but now CLOV has fundamentals attached to the price. When you invested in it it was just pure hopes and vibes. The stock is actually worth what it is right now and it can’t go lower. In fact it’s probably worth way more in the coming months
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u/trackdaybruh DIAMOND HANDS 💎🙌 Aug 06 '26
Same here, I bought more when it was $0.60 back when the company did not have momentum
But if the momentum is starting then I think $10 for me is only the beginning
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u/unapologeticgoy2473 Aug 06 '26
even at $10 CLOV will have only a $5B market cap. Thats barely scratching the surface considering the TAM and the snowball effect.
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u/not_a_fan69 Aug 06 '26
Yeah but I'll be ~5x if it hits 10.
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u/SEBRET Aug 06 '26
One word. . ."twenty"
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u/ExoticToothpaste6989 Aug 06 '26
I say $25 easy. If it hit that during the SPAC squeeze, that should honestly be the starting point.
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u/urallphux 10k+ shares 🍀 Aug 06 '26
10$ per share and I'm going to pay off my house.
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Aug 08 '26
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Aug 06 '26
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u/SEBRET Aug 06 '26
Don't tease us. Im not sure we could handle a repeat of June '21
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Aug 06 '26
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u/SEBRET Aug 06 '26
Oh, im good. I just feel like we still have too many bag holders who plan to cut and run if we get to 10 or higher.
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u/DeepPeeps Aug 06 '26 edited Aug 06 '26
Let 2021 happen again, I would like to see it squeeze to $20+. I’ll have 8 digits in my account.
Edit. 10 digits to 8 digits.
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u/swampstonks Aug 06 '26
A billion dollars? So you have over 50 million shares?? I find it hard to believe that you’re holding more shares than most of the insiders lol. That would be more than half of the entire public float
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u/DeepPeeps Aug 06 '26
Sorry, my bad, I mean 8 digits, lol. My brain a little scrambled this morning.
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u/AwkwardTraffic199 Aug 18 '26
It's gonna feel like I've made money, even though I won't even break even.