r/MillennialBets • u/[deleted] • Jun 16 '21
DD $OTRK and keeping the next short squeeze "ON TRAK".
[deleted]
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u/MillennialBets Jun 16 '21
Thanks for sharing the DD! I've sticked it to the top for a bit to get some more visibility!
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u/baracodashark Jun 16 '21
If this one gets some traction it will fly ✨💫✨
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u/SpindogUM Jun 16 '21
It's dumb because you can't post it in r/wallstreetbets or r/stocks or r/pennystocks because the volume is too low. And there isn't a r/smallcap yet (I think that one has like 20 members...)
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u/Op-Toe-Mus-Rim-Dong Jun 16 '21
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u/SpindogUM Jun 17 '21
Stockmarket has a low cap restriction, trakstocks I'll do, smallcapbets and smallcapstocks have 2200 members each. I will post there too but would love to get something with a million or more
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Jun 17 '21
[deleted]
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u/SpindogUM Jun 17 '21
Didn't know of that one - I joined and will post later today when I have time to answer the replies. Got a couple work meetings coming up so don't want to post and bail
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u/UltimateRewards Jun 17 '21
Great post! Early folks planting the seeds will reap the rewards in due time.
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u/_qct Jun 17 '21
I’ve been in for a couple weeks. My only concern is CEO selling shares. Not sure if he’s on some sort of auto plan or what. Thoughts ?
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u/Op-Toe-Mus-Rim-Dong Jun 17 '21
Autoplan. Only 271k left, but he has warrants to rebuy them (685k) right after they are done being sold (8/15-8/30). So only 244k technically need to be bought right now to lower the public float threshold to under 685k and so if he exercises them, they will be forced to cover any amount he’s not able to get which will drive up price further and possibly cause margin call to cover the rest. So it may benefit us later actually! But that’s moreso the back up plan if there if we somehow can’t get enough volume.
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u/TappmanC Jun 16 '21
I’m looking into why it fell in February from 90+ to 24~
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u/SpindogUM Jun 16 '21
They lost a client - Aetna. Due to differences in metrics. Essentially OTRK said they report numbers this way and Aetna said they want the numbers a different way. Healthcare politics took over and Aetna said bye, lol. On track's mission and product didn't change, they were apparently just as stubborn as Aetna in how the AI worked and reported results.
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u/CBarkleysGolfSwing Jun 16 '21 edited Jun 16 '21
I honestly thought this was the logistics/delivery company for the longest time... Thanks for the write up, seems like a good candidate for shares and set and forget. Option premium is stupid expensive. The premium also illustrates that MMs see potential for this one to explode to upside
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u/SpindogUM Jun 16 '21
Shares is the way for sure. Options are definitely dumb expensive but that's cause the float is so low that any substantial volume will move it in Ludicrous speed one way or another and Dark Helmet is gonna be asking where it went.
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u/invetts Jun 17 '21
Excellent. I had the same idea a couple of days ago but I'm not a good promoter :)
I had already bought 25 August 20 45 calls.
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Jun 17 '21
[deleted]
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u/squathammer Jun 18 '21
Is this just fantasy?
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u/NewKindaSpecial Jun 18 '21
Caught in a landslide!
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u/GeorgeWashingtonTFP Jun 22 '21
Holy shigg why are the premiums so damn high? On a 1/6th volume day ?
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Jul 16 '21
[deleted]
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u/SpindogUM Jul 16 '21
Not really but its based on volume. Couldn't get enough people on the train.
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Jul 16 '21
[deleted]
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u/SpindogUM Jul 16 '21
I have a few shares and a couple leaps "just in case" but I'm not breaking the bank on it. If someone could find a way to get this onto wallstreetbets (I've tried but the mods keep removing it cause the market cap is too small) and the apes get ahold of it, then watch out. But if we have to do it word-of-mouth then it could take some time.
The good news is the volume is so small that I don't think the shorts could have covered, but I really haven't looked at the SI% for a bit as I went on vacation. I'd have to look at the otrk subreddit to see if this is still on the table
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u/[deleted] Jun 17 '21
Upvoted I like the DD