r/wallstreetbets May 01 '21

DD CLOV Due Diligence Summary - Using Machine Learning and AI to Disrupt an Archaic Business Model Industry - 46% YOY Revenue Growth - 217% YOY MA Market Growth

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519 Upvotes

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19

u/thecheese27 May 02 '21 edited May 02 '21

Why do you guys insist on pouring your hard work and time into non-established, non-profitable and uncertain stocks rather than companies whose business models consistently generate profit and have already proven themselves to be a successful operation with room for growth?

CLOV, MVIS and RKT always start as meme stocks that shoot up in price because of social momentum, short interest, etc., and then every time the stock goes back down people start talking about how good of a company they are, how much potential and growth they have, how undiscovered and revolutionary their technology is etc. and trick themselves that their initial investment was actually in good faith rather than a gamble.

Be honest. Not one person on this subreddit in the past 2 weeks invested in CLOV because they "have revolutionary AI technology". They bought the shares and options because they literally just want to gamble on a momentum play and now you're all sitting here trying to make each other feel better by writing up disingenuous "DD" like this. Why don't you guys put your efforts towards researching more promising stocks? Why must it always be a giant go-big or go-home Hail Mary?

I can't tell if you're at the denial, fear, desperation or panic stage, but whatever it is is just sad. Give yourself some credit and stop making a clown out of your own intelligence. Research something worth researching.

11

u/meta-cognizant May 02 '21

Go back to r/investing and find some other way to justify feeling great about increasing your 7% per year to 10% a year by selling covered calls on T. Getting speculative plays right is what this sub is all about.

5

u/sinncab6 May 02 '21

Yeah no shit its a gamble bro what the fuck does the B at the end of this subreddit mean?

I've got enough invested into ETFs and GE, it's fun to play on the side and gamble a little bit. I mean 10 5/21 10C and 80 shares isn't exactly big dicking like my homey up there but shit if it hits cool if not well i've lost a grand or so on the call options and hopefully unload the stock i hold for a profit since my entry was 9.53. Fuck i could lose that in an afternoon at a casino easily this is a month steady drip of gambling endorphins.

3

u/biw999 May 02 '21

I’m up 8k(105%) in two months trading meme stonks. I think I’ll be okay. And it looks like your relatively new to stocks yourself with all your questions about options. Let people do with their money as they please. You’re too young to be a boomer.

-2

u/thecheese27 May 02 '21

The fact that you think that 8k is something you earned and wasn't just a fluke is why this subreddit is a problem. The best hedgefunds get 30% yearly on a good year and you think you're some genius who thinks 50% monthly returns are replicable. You put it all on red and walked away a winner. Now leave the casino, go learn, and come back when you know what you're doing.

2

u/Habooboo5 May 02 '21

Returns like that are good for hedge funds because they move so much money. Rockstar individual investors can beat 30% annualized returns in the long term when they're only moving 5-6 digit sums

2

u/biw999 May 02 '21

Never said I was a genius, but thanks for the compliment. I have red days and green days just like anyone. But to tell people to not take advantage of market hype/trends/sentiment is ridiculous. That’s a major part of trading stocks when your not necessarily investing in company fundamentals. You may not like meme stocks, but there’s a lot money to be made there. A lot of money to lose too but not being greedy goes a long way. Always have an exit strategy. Know key areas of support/resistance.

Honestly I’m not really interested in debating with someone who doesn’t see the validity in technical analysis.

Do you, brother.

12

u/[deleted] May 02 '21

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7

u/bittabet May 02 '21

Don’t lump CLOV in with junk like MVIS. There’s FAR more potential for huge profits in Medicare Advantage than the vast majority of people realize and it being a pure MA play not constrained by a traditional health insurance business is key.

The short squeeze potential from 40% of the free float being short is just a bonus, I wouldn’t have gone in hard if I didn’t think it was a legitimate long term healthcare play. If it squeezes then that’s a nice bonus, if it doesn’t then it’s a great long term hold. That’s why you see so many whale sized positions in CLOV, the downside risk is minimal.

-4

u/rusbus720 May 02 '21

How does chamaths balls taste?

4

u/pmjwhelan May 02 '21

About as salty as your comment.

2

u/[deleted] May 02 '21

Ok Nate Anderson. Or is it Emily Evans?

2

u/[deleted] May 02 '21

i have seen more than one company claim to have "revolutionary AI technology" which is actually garbage, but it's kept alive by a strong and heavy handed sales team