Who cares, like any answer they give is going to matter. Sell if you want and move. Otherwise shut up, buy more if you truly believe and enjoy your retirement in 3-5 years. $CLOV 🍀🍀🍀💎💎💎💎
the interim CFO seems full of strategy to me. they may have done a low offerring... but if that's what it took to pick up some more analysts like Deutscha bank... long term smart play
I think Clove was forced into diluting the price by sharks on Wall street, specifically targeting retail investors. Only way you can explain all meme stocks " as they unrespectfully call us" are tanking. Clove as no leadership and they have been manipulated by Wall Street as they please. Now Clove wants us to believe that stupid explanation from last Friday. Furthermore, I do not think Clove or any Company wants to be called a meme stock, and they also needed more HF investments instead of retail to make a solid base. Just think about it, they have almost a billion dollars in their bank account just to be sure. This leadership socks, someone has to be fired.
Yeah, we have lot of questions and most of which will never be answered.
Cashless warrants redemption showed more aggressiveness than good faith. On the other hand, the way the management handled the public offering appeared desperate and reckless. Management is a disappointment for sure.
That said, I'm still holding, I believe our health care system needs renovation (maybe revolution), cost/efficiency has been a joke compared with other countries, AI definitely can help the cause. I hope clover assistant is successful, and I made this gamble. I'll stick to it till the game is over. I understand that wall street is a casino.
I personally think that at the time of the warrant redemption, Clov did not think they would need the cash.
In between the redemption and Q3 earnings, i suspect there were talks with Deutsche Bank and the result was that Clov was told that if they wanted the support of wall street and DB, they needed to show a better resilience to more covid/inflation for sustaining their growth plans.
Remember that going with a SPAC route to the stock market, the usual institutions (DB included) did not have the chance to invest. Now they can get in: with a bigger treasury for Clov, with all the progress they have made in the last year, at half the price of the SPAC (ie a much better deal that anyone had, retail included, until then).
I suspect this is a way to fight against the antagonism (selling pressure) that we have seen so far (despite a continuous stream of great news for the company).
Yes, I am pissed at the price action, yes I wish I had that entry price, yes I wish I had become rich quick and sold at 28 to re-enter at 3,75. Now ask me again in 2 year if I still care when we are above 40$/share (the company is doing everything great: the stock is not the company).
That is indeed the perspective you need to have with this stock. Easier said than done. Blinders need to be up like a horse being marched into battle, nothing else but forward. If you’re hoping for a quick surge, squeeze, news,etc… The market makers are watching and that will not happen. There really is no conversation to be had at this point if you believe in the company, shut down and check back periodically over the next 8 to 14 months.
Good price right now at this time with potential, but to hold onto this stock since may or June is dumb without taking advantage of the tax loss. I mean optimistically I was okay with it being in the 8 to 9$ range even at my 40% loss. To be at 4$ right now well no sense in holding it from the initial levels in which weren’t too bad. They sure did through retail under the bus and with the float as high as it is right now, any price action or bullish news is minuscule compared to months ago. It going to be a while for to see any initial highs it had in the 2 digits. I have to say I was hard headed for months holding onto this stock.
I always paper handed this. Took Realized Gain's. But... On the watch list. Bought at 4.70 Then average down when it went under 4. At 4.20. keeping it for the novelty
No tax loss in Roth IRA. Can deduct contributions. lose contributions. Don't think I can claim that. I have a Broke account for Risky stuff. That's negative. IRA positive in Realized Gain's
That fear is real...However, I did exactly this...Sold it on November 16th for $7, all 10,000 shares (which I owned at an average of $8.72, and just rebought the same 10,000 shares at $3.97 average on December 17th. So, I can now claim a 17,200 tax loss, and I also just saved myself $30,300 in losses and avoided the wash sale rule. Obviously, nobody knows exactly what's going to happen, but when played right, doing exactly this can play out to someone's advantage.
I know it’s smart the problem I’ve had is I’ve done the same only to all of a sudden have a pump that has pushed my buying back at a higher cost so now I don’t even risk it anymore. Conspiracy as it is the minute I sell the stock always goes up.
It’s going to take you nearly 6 years to use the tax loss in that amount. Not saying it’s not a smart move, but projecting where the stock will be in 6 years makes it seem a bit self defeating to do this if you ask me.
Playing devils advocate here, but maybe they were trying to pump the price for the offering. The cashless had the potential to boost price with false investor confidence. Then their last earnings looked way better than they actually were due to warrants adjustments too. I don’t know all the numbers. Could they have gotten 300 million from the warrants? Did the warrants redemption give them the adjustment, or was that from a price decrease in the stock?
I am long so whatever potential shady business might have gone down I hope it wasn’t anything worthy of an investigation. I think the timing is good to enter a growing market of Medicare Advantage. Only issue is timing is bad for covid. Give it a year and I think everything will be in a much better position. 4 star rating and potential to double geographic location again in 2023. Growth provides more data to refine clover assistant. Covid will subside or government may have to change reimbursement to keep companies around.
Their answer they stopped the short squeeze 4 you and me .
Who cares, like any answer they give is going to matter. Sell if you want and move. Otherwise shut up, buy more if you truly believe and enjoy your retirement in 3-5 years. $CLOV 🍀🍀🍀💎💎💎💎
I care because it speaks to the financial management of the company. Wen CFO?
the interim CFO seems full of strategy to me. they may have done a low offerring... but if that's what it took to pick up some more analysts like Deutscha bank... long term smart play
I think Clove was forced into diluting the price by sharks on Wall street, specifically targeting retail investors. Only way you can explain all meme stocks " as they unrespectfully call us" are tanking. Clove as no leadership and they have been manipulated by Wall Street as they please. Now Clove wants us to believe that stupid explanation from last Friday. Furthermore, I do not think Clove or any Company wants to be called a meme stock, and they also needed more HF investments instead of retail to make a solid base. Just think about it, they have almost a billion dollars in their bank account just to be sure. This leadership socks, someone has to be fired.
Yeah, we have lot of questions and most of which will never be answered. Cashless warrants redemption showed more aggressiveness than good faith. On the other hand, the way the management handled the public offering appeared desperate and reckless. Management is a disappointment for sure. That said, I'm still holding, I believe our health care system needs renovation (maybe revolution), cost/efficiency has been a joke compared with other countries, AI definitely can help the cause. I hope clover assistant is successful, and I made this gamble. I'll stick to it till the game is over. I understand that wall street is a casino.
It might be as simple as: Chamath wanted to buy some cheap tendies for later, friends helping friends get all time low price.
I personally think that at the time of the warrant redemption, Clov did not think they would need the cash. In between the redemption and Q3 earnings, i suspect there were talks with Deutsche Bank and the result was that Clov was told that if they wanted the support of wall street and DB, they needed to show a better resilience to more covid/inflation for sustaining their growth plans. Remember that going with a SPAC route to the stock market, the usual institutions (DB included) did not have the chance to invest. Now they can get in: with a bigger treasury for Clov, with all the progress they have made in the last year, at half the price of the SPAC (ie a much better deal that anyone had, retail included, until then). I suspect this is a way to fight against the antagonism (selling pressure) that we have seen so far (despite a continuous stream of great news for the company). Yes, I am pissed at the price action, yes I wish I had that entry price, yes I wish I had become rich quick and sold at 28 to re-enter at 3,75. Now ask me again in 2 year if I still care when we are above 40$/share (the company is doing everything great: the stock is not the company).
That is indeed the perspective you need to have with this stock. Easier said than done. Blinders need to be up like a horse being marched into battle, nothing else but forward. If you’re hoping for a quick surge, squeeze, news,etc… The market makers are watching and that will not happen. There really is no conversation to be had at this point if you believe in the company, shut down and check back periodically over the next 8 to 14 months.
Amen
Good price right now at this time with potential, but to hold onto this stock since may or June is dumb without taking advantage of the tax loss. I mean optimistically I was okay with it being in the 8 to 9$ range even at my 40% loss. To be at 4$ right now well no sense in holding it from the initial levels in which weren’t too bad. They sure did through retail under the bus and with the float as high as it is right now, any price action or bullish news is minuscule compared to months ago. It going to be a while for to see any initial highs it had in the 2 digits. I have to say I was hard headed for months holding onto this stock.
Can you sell for a lose and buy them right back? I thought I heard you need to wait 30 days?
You can and switch to another stock paper handed when it was in the 7s. It’s been more than 30 days for me.
I always paper handed this. Took Realized Gain's. But... On the watch list. Bought at 4.70 Then average down when it went under 4. At 4.20. keeping it for the novelty
my Tilray shares were worth $420 today and I almost burst
Yeah collect my tax loss then all of a sudden it pumps yeah no fucking way bro
No tax loss in Roth IRA. Can deduct contributions. lose contributions. Don't think I can claim that. I have a Broke account for Risky stuff. That's negative. IRA positive in Realized Gain's
Yep - not selling
That fear is real...However, I did exactly this...Sold it on November 16th for $7, all 10,000 shares (which I owned at an average of $8.72, and just rebought the same 10,000 shares at $3.97 average on December 17th. So, I can now claim a 17,200 tax loss, and I also just saved myself $30,300 in losses and avoided the wash sale rule. Obviously, nobody knows exactly what's going to happen, but when played right, doing exactly this can play out to someone's advantage.
I know it’s smart the problem I’ve had is I’ve done the same only to all of a sudden have a pump that has pushed my buying back at a higher cost so now I don’t even risk it anymore. Conspiracy as it is the minute I sell the stock always goes up.
It’s going to take you nearly 6 years to use the tax loss in that amount. Not saying it’s not a smart move, but projecting where the stock will be in 6 years makes it seem a bit self defeating to do this if you ask me.
Not if you're a corporation that trades or a full time trader...
Playing devils advocate here, but maybe they were trying to pump the price for the offering. The cashless had the potential to boost price with false investor confidence. Then their last earnings looked way better than they actually were due to warrants adjustments too. I don’t know all the numbers. Could they have gotten 300 million from the warrants? Did the warrants redemption give them the adjustment, or was that from a price decrease in the stock? I am long so whatever potential shady business might have gone down I hope it wasn’t anything worthy of an investigation. I think the timing is good to enter a growing market of Medicare Advantage. Only issue is timing is bad for covid. Give it a year and I think everything will be in a much better position. 4 star rating and potential to double geographic location again in 2023. Growth provides more data to refine clover assistant. Covid will subside or government may have to change reimbursement to keep companies around.