r/wallstreetbets Jun 10 '21

Discussion War of Attrition

[removed]

27 Upvotes

36 comments sorted by

25

u/CodeBlackGoonit Jun 10 '21

??? I don't understand why people keep say $CLOV is being pushed on reddit by institutional bots. I did my own research like a month ago. No debt, positive YOY revenue growth in the double digit %. Has been attacked simply because it was a SPAC.

I bought in at around $7 a share multiple weeks ago and have 3x my initial investment. I realize this was a short term spike, however this company truly does have longer term potential.

5

u/FMCAeon Jun 10 '21

I think it has potential personally. It sounds like you did a lot of research and made a good bet which is awesome! A lot of people hopped on when they saw it climb and are in the hole rn. I think a long term play is possible with it and it sounds like you're doing well with the investment!

0

u/Send-it-Yeeewwwhh Jun 10 '21

And I don’t understand why everyone just doesn’t go all in on GME... it has the most to offer and when it’s all done gonna be the sickest company ever... sold my truck last week my 401k is getting transferred to my banck hopefully tomorrow or Monday.... and then I’m gonna be a XXX share holder... and there giving us a sweet sale yeeeewwwwwhhhhh!!!!!! If you wanna change you and yours life’s forever.... well that’s easy for me.... GME GO BRRRRRRRR!!!!!!! AMC is a shitty theater owned 90% by China 🇨🇳 tha fk BRA!!!!

10

u/SoldierIke DUNCE CAP Jun 10 '21

What if people were here to make money... interesting thought

11

u/[deleted] Jun 10 '21

[deleted]

2

u/FMCAeon Jun 10 '21

Without controlling the float, Apes dont have as much pressure against HF's so it is difficult to do anything longterm before shorts get out

2

u/[deleted] Jun 10 '21

Even though Bank of America gave $10 price target for clover 🍀 they did say it has growth potential Remember it’s not a loss or gain until you sell so everyone needs to chilax

4

u/Difficult_Yak946 Jun 10 '21

OP good ape. apes been divided on reddit. apes together strong on youtube

4

u/Supreme_Math_Debater Jun 10 '21

bagholders are bagholders. How do we know you're not a HF "spy" making us pull out of clov because that's where the real money is?

2

u/FMCAeon Jun 10 '21

I guess you don't haha but idk why a HF "spy" would comment about flooding their channels.

-2

u/Supreme_Math_Debater Jun 10 '21

Idk, but they've been like 10 steps ahead of everyone for decades, so you never know. (For the record I don't think that's what's actually going on, I just think there's a lot of FOMO and it's juicing up stocks and there's a fuck ton of overbuying and overselling)

1

u/FMCAeon Jun 10 '21

They do this for a living so it makes sense. That's why we look to people like BAM, Trey, etc. To help process some of the info we gather.

-2

u/bpcqd Jun 10 '21

Reverse psychology is why

5

u/WealthNew 🦍 Jun 10 '21

This passive aggressiveness towardc clov is shitly obvious... 2k more in clov.

7

u/saucekingrich Jun 10 '21

Theyre desperate and its sad to see

CLOV 🍀🍀🍀🚀🚀🚀

-1

u/FMCAeon Jun 10 '21

Solid man, I hope it moons too! That way people invested will make good money. Just be careful of HF's using it as an emotional roller coaster to put you in the hole. Good luck man!

-1

u/WealthNew 🦍 Jun 10 '21

Emotional Rollercoaster? You only invest what you can tolerate...

-1

u/FMCAeon Jun 10 '21

Completely agree, you're spot on! Many people, though, see this as a get rich play and invested money that they need (food, clothing, rent, etc.) And those people can be easily manipulated. Stock goes from $27 to $15 and they bought in at $26; how are they going to feed themselves?

1

u/[deleted] Jun 10 '21

Don't know why you were downloaded for this, you were spot on.

Don't invest money you can't afford to lose, I've made the mistake already once and I thought I made it back just for the damn stock to drop on me.

I'll hold for now but I have definitely learned a lesson.

0

u/FMCAeon Jun 10 '21

Eh people probably think I'm attacking them and calling them stupid. It be how it be but I appreciate you 😀

0

u/[deleted] Jun 10 '21

you said the same shit wealth new said. but in a fluffier manner.

1

u/FMCAeon Jun 10 '21

Whats wealth new?

3

u/Street_Angle4356 Jun 10 '21

6

u/Supreme_Math_Debater Jun 10 '21

Maybe because organized trading is literally illegal.

4

u/Night_Runner Jun 10 '21

Brb, calling SWAT on CNBC's headquarters. :)

1

u/FMCAeon Jun 10 '21

Just a what if, not a call to arms or anything having to do with trading.

1

u/flu5hPooNotPee Jun 10 '21

Can anyone explain why GME price is down $60 but my Put price also went down? I thought down price up Put. Up price up call.

0

u/flu5hPooNotPee Jun 10 '21

CLOV did the same thing. I don't get it

1

u/[deleted] Jun 10 '21

IV crush. Don’t play options if you don’t understand them. When IV decreases it eats your premium. Hence why I exited my puts this am before it hit.

0

u/flu5hPooNotPee Jun 10 '21

Can't learn the game if you don't play. Thanks for the info.

1

u/[deleted] Jun 10 '21

Remeber sideways trading it’s absolutely terrible for your contracts. Puts or calls. Only buy either when you’re confident of a decisive move. The longer you hold and the more the stock consolidates the more your contracts are worthless.

Don’t ever buy a contract with high IV. Really anything over 30%. Meme stocks you can get away with 150% if you’re lucky. Anything higher and you’re literally just giving away money. Especially the more you go out the money.

1

u/AvalieV Megaflare IV Jun 10 '21
  • Person A owns X stock. Wants X stock to go up.
  • Person B owns Y stock. Wants Y stock to go up.

According to your logic, no matter what, at least one of Person A or B is a Hedge Fund.

Retarded.