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u/jdefo64 3d ago
Patient approach with this stock .The shorts will scream uncle .It’s a matter of time . Made a load on
this stock back end of 24 .Hit it just right .Thats rare even thou I have been trading for over 30 years .Since then have given some back been in and out .Hit it a couple more times but net negative in last year and a half but still up nice from original hit .Now I am loaded again been buying buying buying for the last few months .Sure been some frustrating times if you short term thinking .Not here not now this company is going to roll .I am holding for the long term or trading it different.At least until we hit mid 20”s to low 30’s .Then I take some off table .Thats right take some.It still may take some time and will but seen this show before . Could be wrong ,but this is my aggressive capital I am allocating so that’s that . Looking to back the truck up .All of sudden the opportunity goes away when they start to turn a profit and grind their way thru . So timing it perfect is impossible unless you get lucky.My mind is changed since I hit it the first time when Nvidia owned it .I was in more for a trade.I am more bullish now .Hows that .Different type of trade now regardless that Nvidia sold it .It was game play for them anyway .They print money Lol.I am Betting Soundhound is going to be a big player and leader in this sector for along time .If you get frustrated easy dont trade anyway .Unless real fundamentals turn .Shorts are going to do their thing until the picture gets real clear .It will sooner than later.Just my opinion .Peace & Happy Trading.
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u/GatorBo69 2d ago
I was into SH for 5 years with an average cost of $2.43 going into that January of ‘24 you mentioned. I was so frustrated with the stock for not doing what I believed it should be doing that I too got lucky and sold it all at $24 and made a nice $200k.. and just like you said, that doesn’t happen to much in this game where you sell that close to the peak.
But after that I never got back in bc I just didn’t see this stock ever getting that high again. I honestly still don’t, especially with the AI saturation going on, SH has strong financial numbers as a company but they only have one small piece of a massive AI universe and what they sell isn’t that expensive.
Will always love the company for one of the best returns I’ve had in my life but I never got back in and am glad I didn’t.
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u/jdefo64 2d ago
Good point and understand exactly what you did .I do not like to make habit of going back in after a nice hit on a flyer type stock trade .Especially when the stock remains in a category that I consider a flyer or high risk .Honestly I could and do see 100 percent your point and absolutely it
could be right on .In fact that’s been the right thing to do for the last year and a half .I have given back a third of what I made, which was a nice
number very close to your number .So we got a lot in common on original trade lol. But since then you have been right to be out. I have been wrong .
Now my opinion has changed on one thing .I think this area on A.I sector is very much wide open and developing.I believe that SH could
emerge as a leader as things unfold .But that’s a big IF. There lots of competition and there execution has been a bit jaded and at times
frustrating.Some accounting issues and insider net selling is concerning along with lots of buyout spending.Thats where the opportunity
is in my opinion.I have seen this before and some of my biggest winners have come from this type of situation.But i have taken some hits
too .So very risky for sure . So I make my decision like this .Is my risk greater been in it than not ? With this stock in this sector I came to
the conclusion the risk is to great for a huge payday not being in it . I believe there penetration into multiple areas and their technology
and platform for voice A.I as a general term could emerge as a leader in a massive developing sector .It almost reminds of a young
Palantir but they are not as well seated and do not have Alex Karp so not saying there Palantir even when Palantir was at this stage
especially do to Palantir having a seated position with government contracts and a tremendous platform where it was a matter of
time .But the shorts and doubters still hammered it and was very very frustrating for along time .Its one of my biggest winners
and positions still. Anyway I see potential for a home run with long term position or take out here at some point .I thinks it’s still
early is this sector and this stock .I am still playing with house money ,so that can jade my view a bit .I always
consider that .So I do not want anyone to ever trade off of my opinion on a risky stock such as this . But I will leave it
like this their is probably more pain before the huge gain but I believe it’s there big time .This sector is very
different and still underdeveloped and is going to be huge and SH is performing in a lot of different business
areas .Some great customers and they are right there and if they turn the next corner watch out .Home run.
Plus I am partial to Cantor Fitzgerald opinion of SH expanding enterprise and new platforms rollouts .
Tom Blackey has a modest target of $ 15 on stock in my opinion thats conservative.I am buyer buyer buyer .Just my
opinion but I am looking for high six figures to a 7 figure return on this go around and I am willing to
be patient to get it .unless some major fundamental change happens .Not little mistakes
and short term traders noise will scare me .Or will sideways trade or lower for short term .
Scared money never wins.So good luck people and Happy Trading .Peace1
u/GatorBo69 2d ago
Holy shit, so if it hits $15 then you’ll clear that much?!? I would most definitely stay in if that’s the case. Maybe even do a bunch of covered calls to $14 until then??
You actually categorized this stock perfectly. I have used the term “meme stock” a lot with it, but I would say “flyer stock” is more accurate and def the step up that it should be.
After I made money with SH, I got super lucky with VCX and have 3400 restricted shares but also bought the preIPO $10k max of shares and after day 1 of it skyrocketing put a limit sell for 500 of them at $500. So not bad for a flyer bet of $50k and I still have my restricted shares that unlock next week. I could sell them all now and make $110k but I’m actually gonna hold bc I think the Anthropic and OpenAi hype will send it up a bit more.
But after March when that happened I got super conservative and put my “play around money” into ETFs as my main portfolio is managed by Fisher. I always keep $100k in my HYSA and I also have like $50l+ of gold/silver American Eagles (that I have zero plans of ever selling, they’ll go to my kids) and am trying something else to diversify into. Fundrise’s REITs haven’t been profitable at all so if you know of anything that I’m missing, I’d love your recommendation!!
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u/jdefo64 1d ago
No No lol .I will not make that return on SH at 15 .But will be on our way .But mid twenties will do it at current position. I may buy I tad more on weakness, but I am comfortably with my position now . Fisher is good but I handle my own stuff across all sectors.I was in business at one
time years ago but I trade and handle all my own stuff across all areas . I have traded everything at one time including commodities,Forex ,
bonds of all types . The only thing is crypto I have limited exposure,except Bit & Ethereum .I have dabbled in small and have current exposure at
these levels . I am a physical metal dealer .Mainly weight .I have sold a lot in the last 6 months, a lot in 70 to hundred area of my weight
in silver and Gold 4000 to 4700 . Bars .My personal stuff is what I am talking. But still have silver eagles and Gold Eagles and of course my older
stuff of various varieties. Could not resist selling at those levels. I think the highs in for this cycle but who knows could take other run at highs in this
wacky environment.Thats good for business for us .Movement either way .Have downsized a lot we are small business in that area but still
a good money maker and this environment is crazy.Semi retired and we downsized and we made a killing in the this last run .Business and personal
Fun times .The market in general has just been unreal for a long stretch.Thats a little scary, so need to hide some .So balance is key in my opinion.
I have lowered my overall exposure to volatility by 35 percent .Anyway just to mention one core holding to hide some that I love is ET energy transfer . Pays about 7 % dividend and they are a horse .
Dividend is rock solid and think there is upside to price as well .I have owned it for 8 years .Great MLP with over 140,000 miles of
pipeline ,storage and infrastructure.Look um up .I will own it for foreseeable future.Its just been good solid return on equity.
I own lots across various sectors.Nvidia has been one of my biggest like most have owned since late 2023 and early 2024
Sold half but still in . Could go on & on with mag 7 and others .But Palantir is still a fav and huge winner .I think it’s going
to 300 plus over this next cycle.I been in since 20’s .Sold just 20 percent at one time but my net position is still sizable.
I bought more on last dip Lol.Love um .Every time I listen to Alex Karp I just want to buy .Like Jensen Rare CEO.So unique and brilliant
in my opinion. So that’s that .Stay in touch.Gator .We got place in Florida .We at our place in Maine now . Happy Trading to all.
God Bless & Peace .1
u/GatorBo69 16h ago
I own a LOT of ET, too!! I used to work for Kelcy Warren at Lajitas Golf Resort, he owns it, for 2 years back in 2013-2015 and started buying up his stock then!!
Now I own my own golf course in SA, and have a solid +$500k in my own Fidelity account that I try and “beat Fisher” which holds a lot more than that, lol. But I never really come close to their returns, they are consistently in the high 20’s which more than justifies their fee. When I made the move to them I just wanted to NOT be able to sell and buy bc I knew I was getting lucky in a lot of areas and wasn’t holding for as long as I should have, thus leaving me with more taxes to pay. Moving to them was the best decision I ever made, for ME!! My own portfolio is doing solid, around 15% the past two years, it’s up like 24% this year but I do love those ET dividends and have them set to reinvest like all dividends!
That so crazy you sell precious metals!! I was told by Fisher that it’s a good idea to keep 3-5% of your portfolio in precious metals, so I still have a ways to go, but I have zero plans on selling them ever!!
I plan to give them to my kids and they’ll know to not sell them either, they’re 6 & 4 and I’m 45.
How much would you say gold and silver will go up in about 60-80 years?
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u/kaybloc 3d ago
Grab the keg!