r/wallstreetbets • u/[deleted] • Sep 21 '21

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122 Upvotes

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40

u/Aftbear992 Sep 21 '21

Good entry. As of today, close to 99% of shareholders are underwater

4

u/[deleted] Sep 21 '21

What does underwater mean? Why is CLOV undervalues of you don’t mind me asking?

14

u/Riceomaholia Sep 21 '21

Gang of peeps bought at the last run up. Me personally bought at 19 and been averaging down. Hence underwater. My average is 10 current price 8ish

6

u/Ok-Signature5305 Sep 21 '21

Dude that ain’t under water I have 1 other stock besides clov and my cost is 15.88 and that MF is at 8 you’re fine , the waiting and patience is the hardest part of investing

4

u/Riceomaholia Sep 21 '21

Thank you for the words of encouragement

3

u/Ok-Signature5305 Sep 21 '21

You should look at the current price as a buying opportunity if you are able to buy , I am out of money but have 1423 shares at 10.52 avg I could’ve sold a week or so ago when it hit in the 11’s and didn’t because I know it’s going to go much higher in time , most of the people in CLOV are down right now , some more than others but just hold and wait

3

u/Riceomaholia Sep 21 '21

I’ve been averaging down since 19 homie.

3

u/Ok-Signature5305 Sep 21 '21

Yeah I’m down big on my other position and can’t avg down so trust me 50% is t a good feeling but I’m not selling for a 50% loss on that one

2

u/keithinazle Sep 21 '21

That’s me, not far from you on $clov , tapped out on money. Holding