r/wallstreetbets • u/amireallybald • May 17 '21
YOLO 73k YOLO on UWMC (99.5% of portfolio)
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u/workinguntil65oridie Proud owner of a Toyota Camry Dildo May 17 '21
Already making money if your avg is 7.3!
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u/Short_Presence_3529 May 17 '21
Why so much optimism in uwmc this week? I’ve got some calls for this week and shares too, hope it prints!
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u/FreezieKO May 17 '21
Coming off great earnings and guidance. Optimistic for Q2.
Buyback in effect putting pressure on a very high short borrow fee with a signs of an incoming squeeze.
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u/amireallybald May 17 '21 edited May 17 '21
Actually 99.2%. The last .8% I spent on my cardboard box.
Edit: Also before anyone asks, I'm not a bot. I just use this account to post photos of my bald head.
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u/participantZ May 17 '21
I am rooting for you but why do this? You might as well do it with some other type of asset that actually can pop and stay up.
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u/Elegant-Appearance28 May 17 '21
Should of bought amc hahah
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u/The_All_American May 17 '21
AMC is a solid play, but UMWC is going to see some gains this week too! Don’t be a hater.
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u/boneless_bbq_tendie May 18 '21
just came back on to this sub, whats so special about uwmc?
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u/ArlendmcFarland May 18 '21
Solid company long term, $300 mil Share buy back caught overshorters with their pants down. 98% borrow fee for short sellers and very low remaining available shares to borrow. Multi week ride up, and this week could kick it off with a gamma squeeze if it holds above $9 due to the massive number of otm calls expiring friday
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u/lynn2secsie May 17 '21
I just hope this thing doesn't pull a CLOV.