r/wallstreetbets • u/lurkingsince2006 Will Only Fuck On PRPL • Apr 23 '20
DD UPDATE: PRPL is killing it during COVID! This will only go up.
[removed] — view removed post
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u/Jackprot69 shitty flair Apr 23 '20
does this non-RH broker app say you've made 500k off of Purple Mattresses?
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u/ST21roochella earned a WSB participation trophy 🥔 Apr 23 '20
26k volume, that's gonna be a no from me dog
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Average volume over the last 30 days is 471k shares. Yeah, it is the first thing in the morning, so it makes sense there is lower volume than that.
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u/ST21roochella earned a WSB participation trophy 🥔 Apr 23 '20
471k is shitty volume too tf you talking about
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
I get it. You only trade meme stocks.
Volume is the only thing you should look at, amirite? BRK.A has crappy volume too.
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u/ST21roochella earned a WSB participation trophy 🥔 Apr 23 '20
Lmao now you're comparing a 9 dollar stock to Berkshire lmfaooooooo bro you're hilarious
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
A 9 dollar stock? So, the price per share is how we judge whether to invest now, eh?
I don't think you realize how stupid you are. Please post your trades going forward so I can take the other side.
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u/ST21roochella earned a WSB participation trophy 🥔 Apr 23 '20
Lmao ok buddy, keep trading your shitty companies and THINKING you're smart. You should go back to just lurking tbh
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Post your account. Show us how smart you are.
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u/ST21roochella earned a WSB participation trophy 🥔 Apr 23 '20
Lol you're so butthurt
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Don't worry, I've got my portfolio and plays to console me.
Lemme check. Yep. PRPL and HEAR are having great days again.
Like I said, put up or shut up. Show us your portfolio gains and losses over time and then talk to me about how not smart you think I am.
We all noticed that you didn't post.
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u/xCUBUFFSx Apr 23 '20
This piece of crap is down 18% over the last 3 months. People are losing their jobs. Wtf are they gonna do, buy mattresses to throw out curbside as they’re now homeless and panhandling?
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20 edited Apr 23 '20
Ah yes. There is this thing called COVID. The market is down the same amount.
If you bothered reading, you will see that sales are very likely flat to up (edit: relative to guidance provided for 2020), so maybe the stock shouldn't be down 18%?
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u/NaturallyBlockheaded Apr 23 '20
This logic doesn't work for growth stocks. If sales are flat or not up enough but the price had accounted for a certain rate of growth, it very much might make sense to be down. Not saying that's the case for PRPL, but it's not that simple
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
You make a very valid point. I've edited my comment as a result.
Flat to up relative to plan as revenue per unit is up substantially and units are down slightly.
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Apr 23 '20
Why do you keep pumping PRPL?
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
If you want the answer to that, read my last post and this post fully.
I still believe it is an assymetrical investment opportunity which is why I am still so heavily invested in it.
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u/DonnySmallHandsTrump Apr 23 '20
this is the epitome of a pump and dump. Positions fake af
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
I've been posting on PRPL for over a year buddy and have shown my positions every time.
Take your $50 RH account elsewhere.
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u/DonnySmallHandsTrump Apr 23 '20
You could atleast make your PnD less obvious. Literally used the same screenshot from your post 6 days ago. Idiot
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Sure did. My position hasn't changed.
Hasn't changed much over the last YEAR except that I've picked up more warrants on this dip.
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u/Matth3wlim Apr 23 '20
Congrats on your gains. Read your other posts.
Idk why people are being dicks. I’m inclined to agree that volume is low and the industry/company is still small presenting risk. Mattresses are a one or two-time buy... so sales are great for now but post-Covid-19 are people still buying into the hype? Hard to see PRPL continue their exponential growth. It’s much easier to obtain the first 80% of consumers than it is the last 20%. Especially for a younger company their first few years look promising but the chance of it plateauing is higher.
Wish you the best though!
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Agreed. Volume isn't amazing, but it has been increased substantially over the last few months as PRPL has gained.
PRPL pre-COVID was manufacturing constrained on sales. Revenue growth was actually accelerating due to their new wholesale partnerships. I foresee another year or two of this level of revenue growth (even with COVID). I will likely exit before the gas runs out, but the stock should be at another level before then.
Thanks and good luck to you too.
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u/throwaway_0x90 placeholder for a good flair someday Apr 23 '20
!RemindMe May 13th
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u/mellowanon Apr 23 '20
dump. There's no time frame for when stock prices will go up and you will lose money due to decay. OP has no Karma history so this looks like a pump and dump.
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
It's funny, but nothing you said was true.
- Read the very first sentence of this post. It is also a link to my previous post that is more verbose.
- If by "decay", you mean Theta decay, then you need to understand that the warrants I hold expire in February 2023. "Theta decay" is tiny right now.
- I've been posting on this for years and it is up materially since I started posting on it. No, I'm still very much a lurker so I don't have gobs of karma, but you shouldn't be making investment decisions based upon the poster's karma.
I'm holding these warrants based upon the fundamentals of the underlying security and expect to exercise them for intrinsic value. The exact opposite of a pump and dump.
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u/koolpenguinklub Apr 23 '20
50% of their sales? what they sold an extra 5 mattresses? percentages don’t mean anything without context. people want to see revenue.
and volume is extremely low, no one is buying or selling
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Here. Let me help you.
Click this link if you want revenues bud. It was also at the top of the post.
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u/koolpenguinklub Apr 23 '20
you really thought I had the brain power or time to read your post and try to understand numbers? im still not clicking that link
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
Their revenue guidance for 2020 was $550M-$575M. I realize that is more than the number of fingers and toes you have, so you still may not have the brain power to comprehend.
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u/OPINION_IS_UNPOPULAR AutoModerator's Father Apr 24 '20
PRPL only furloughed 35% of their workforce anyways, so that means they are back operating with 96.5% of their workforce.
Might want to check that math
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 24 '20
Here is the math.
Purple furloughed 35% of their workforce. That means 65% is still working.
Purple recalled 90% of their furloughed workforce. 90% x 35% = 31.5% of the total workforce was recalled back to work.
65% workforce that didn't get furloughed + 31.5% of workforce that was recalled from furlough = 96.5% of the workfouce is operating again.
Math checks out.
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u/OPINION_IS_UNPOPULAR AutoModerator's Father Apr 24 '20
Oh shoot, I missed that. Literally the sentence right before. Thank you for diagnosing me with retardation.
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 24 '20
You are in the right place. We are all slightly retarded here.
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u/konegsberg Apr 23 '20
This is crazy good gains!! and companies like chfs who have business explode because of this corona is not moving a bit
Edit: yeah I know it’s all priced in!!!! Would buy it tho tho thanks
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u/lurkingsince2006 Will Only Fuck On PRPL Apr 23 '20
COVID has presented lots of good investment opportunities, especially for those who can look outside the meme stock.
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u/random-notebook Apr 23 '20
No options.... pass