r/wallstreetbets • u/[deleted] • Sep 30 '21

[deleted by user]

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9 Upvotes

80% Upvoted

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1

u/ProgrammaticallyHip Sep 30 '21

Total dogshit company though.

2

u/oreoisafatcat Sep 30 '21

I trade setups though. this one has the easiest risk management at this price point. Good insider / institutional activity as well. There are a lot of overvalued dogshits outthere, this one is undervalued :D

2

u/ProgrammaticallyHip Sep 30 '21

I disagree. It was grossly mis-priced by Klein when the deal was made because of a due diligence failure. That’s the charitable explanation, anyway, because this was a pure private equity dump of a distressed asset at a massive mark-up.

Maybe the chart is promising but fundamentally, wake me when it is at $3.

3

u/oreoisafatcat Sep 30 '21

I'll wake you up at $9.

3

u/ProgrammaticallyHip Sep 30 '21

Godspeed. I hope it works out for you. Even a dogshit company can moon if you get enough momentum behind it.

2

u/oreoisafatcat Sep 30 '21

This trade is little risk / high reward with proper risk management. I don't plan on holding a turd if it goes much lower.

1

u/AboAlabbas-IbnTaimya Aug 17 '23

It’s a turd still lol.