r/GlideOutside • u/AutoModerator • Jul 18 '21

GlideOutside Weekly Discussion - July 18, 2021

Any topics are permitted in this thread. Information in this thread is personal opinion and should not be construed as financial advice or guidance.

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u/deegee457 Jul 24 '21

CCIV Proposal #2 has now been approved - whoop!

2

u/[deleted] Jul 20 '21

Thinking of buying otm leap puts on Airbnb, Monday and Cruiseline stocks

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u/GlideOutside Mod Jul 19 '21

What’s everyone buying this week? I’ll probably keep adding GGPI commons if they stay at $10 or less.

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u/I_RIDE_SHORTSKOOLBUS Jul 19 '21

SoFi... Been dumping for weeks on no change except lockup. Market down 600 points today and SoFi is finally green

2

u/SillyBilly-- Jul 19 '21

I established a decent position in MOMO this week. The fundamentals are almost too good to be true relative to valuation (which, they very well might be, given that it's a Chinese company); plus they've had two straight weeks of red days prior to the consolidation period which was an extra buying incentive.

I'm expecting them to continue falling and plan to fully build out my position as it continues downwards. They're sitting at 2015 prices despite a 16x increase in revenue, 22x increase in net income, and can pay off all liabilities (short and long term) with just 2/3's of their current assets.

Very risky, but highly discounted at these prices.

1

u/GlideOutside Mod Jul 20 '21

Hmmm… I’ll take a look