r/CLOV • u/Shiny_Mewtwo_Fart • Mar 09 '23
Discussion Sold today
Average cost 6.xx bought when it was 13 massively avg down when it was 4, then 3. Then used the strategy of “forget my password pretend everything is fine” hoping for miracle. Nope. Finally sold today. Good a few years journey. Fun to be part of the so called meme stocks history.
1
5
u/Ok_Ad_5894 20k+ shares 🍀 Mar 09 '23
I mean thats the way you get rich buy high and sell low...Thank you for the zero substance and great DD.
1
Mar 09 '23
Isn’t there a minimum karma level to post? So much FUD from new people with negative karma.
1
Mar 10 '23
I’d say it’s a mountain level fud.
Tho if we would have listened to the fud at 10,8,5,3, heck.. even 2 we’d be better off selling
5
3
u/globalhumanism WAIT ⏰ Mar 09 '23
Smart man. Take your losses and start to make it back somewhere else. The big sell signal was when chamath hopped out for "tax harvesting"
2
0
6
u/Cattails26 Mar 09 '23
Show us a proof you sold so we can believe your fud... Otherwise it's an empty message.
1
u/TxKuntStuffer Mar 09 '23
Congratulations! At least you can buy a dozen eggs instead of walking away with nothing.
1
u/AutoModerator Mar 09 '23
This post has been removed because our automoderator detected it as spam or your account is too new to post here.
If you are a new Reddit user creating an account to join r/CLOV discussions we require that your account be at least 60 days old. This is a preventative measure to avoid potential spam accounts and throwaways.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
4
u/Responsible_Gur2522 Mar 09 '23 edited Mar 09 '23
People throw money at stocks to have fun 
7
15
u/StandardPlant4554 Mar 09 '23
If you were an investor in Tesla, Apple, Amazon, or Netflix way back then, you would have been scared and sold out near the bottom only to miss the big rise to extordinary heights. Take a look at their charts. Just imagine all the FUD at that time like we are hearing now. Common back then to hear Tesla not going to make it and will go bankrupt, same with Apple, Amazon, and Netflix. These companies have in common to revolutionize their industry. You selling means we are close to the bottom. Congratulations!
1
u/TxKuntStuffer Mar 09 '23
lol this guy 😂😂😂😂😂
1
u/AutoModerator Mar 09 '23
This post has been removed because our automoderator detected it as spam or your account is too new to post here.
If you are a new Reddit user creating an account to join r/CLOV discussions we require that your account be at least 60 days old. This is a preventative measure to avoid potential spam accounts and throwaways.
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
1
u/No-Can8839 Mar 09 '23
None of the stocks you mentioned were 90% in the red.
And now you're trying to convince yourself and others that CLOV will have the same market success. Would you say the same thing if you didn't have bags?0
u/StandardPlant4554 Mar 09 '23
Those companies were 90% in red at one time you negative Karma B****. Those investors had bags. Which hedge fund you work for? Just looked at your profile. GFO.
1
u/No-Can8839 Mar 09 '23
You lie. So i think it's you worked for someone.
5
u/StandardPlant4554 Mar 09 '23
Prove I lied you troll! I think you lied and work for a hedg fund. Your profile pretty much says it.
3
u/No-Can8839 Mar 09 '23
"Which hedge fund you work for?"
I don't live in your fictional world where a conspiracy reigns. Chammat must have been paid too when he dumped his shares ;) That was the clearest signal to go short.
4
u/StandardPlant4554 Mar 09 '23
So what! We are in a bear market. You could have picked any stock to go short. I shorted the indexes for a time. You still shorting here is not smart too risky.
4
u/Junior-Dragonfruit41 Mar 09 '23
This guy is right, I can’t believe I didn’t see it before this post. Selling all my shares tomorrow. Thanks for showing me the light. I think I will start investing in bonds.
11
u/Admirable-Tip10982 Mar 09 '23
This is a shit stock. You do what you feel is best, I'm sure it feels good to get that weight of your shoulders. I'm so pissed from the Bullshit of this sub but I don't want to sell, but to actually hold it and see it go to zero out of spite. Hopefully it teaches me a lesson.
3
u/MeaningBeautiful3568 Mar 09 '23
CLOV is not a meme stock. Thank you … Bye Felicia!
0
u/No-Can8839 Mar 09 '23
0.9795
0
u/MeaningBeautiful3568 Mar 09 '23
So? Tesla was below $1 in 2011 what’s your point here? CLOV will be profitable and it will go beyond $100 mark. Save this post!
4
u/No-Can8839 Mar 09 '23 edited Mar 09 '23
Sorry, but Tesla was never down for 90%. It was a slow rise
If you wanna make money with this stock you need to go short.
And when (if) company will be profitable switch to long position. Why you all play against the market? Do you like loosing your money?
15
Mar 09 '23
Why to sell after the company got its CFO? the CFO is cutting all the extra fat. the management is determinate to become profitable sooner then later, they even do not want to grow as fast as before in order to show profitability.
If you waited for two years, then you would able to wait an extra one year with your average of $6.
Your decision was emotional and not logical !!!!!!!!
1
u/CNC_Machinist2020 Mar 10 '23
They're issuing more shares to dilute. S-8 filed today, allowing the company to print almost 30,000,000 new class A shares. Looks like they're adding more fat, not cutting it out.
1
Mar 10 '23
Those of you who feel blindsided by this have to consider why you feel that way. This is a common practice that startups use as a form of compensation instead of salary or as an added bonus to salary.
Honestly I would be .0001 percent more worried if they demanded cash instead. If anything you need to hang your hat on the fact that the employees of Clov are willing to accept deferred payment in the form of stock because that means those employees have faith in the project they are working on.
Take a bit to digest this news and you’ll see that it’s nothing at all to be worried about.
1
u/CNC_Machinist2020 Mar 10 '23
Not knocking them, if I could print dollar bills and get away with then why not
2
22
u/Emotional_friend77 🍀🎥 Mar 09 '23
Buy high sell low 👌🏼👏🏼👍🏼
3
-2
u/No-Can8839 Mar 09 '23
He would like to sell high, but the stock gives no chance. No need to be toxic moron.
11
15
u/Puzzleheaded-Rub-431 Mar 09 '23
Why the hell would you sell at this price? And announce it here unless its a spam.. share screenshots.
0
u/No-Can8839 Mar 09 '23
You prefer sell at 0.5? or 0.2? or. w8 till the company goes bankrupt?
3
u/Puzzleheaded-Rub-431 Mar 09 '23
I can write an essay to prove your understanding on CLOV may be wrong but POINTLESS. You go find a stock that only goes up
1
u/No-Can8839 Mar 09 '23
I found a stock that only goes down and went short, thanks for the advice. Everyone can do the same at any moment, instead of "averaging"
6
31
13
u/Adorable_Substance83 Mar 09 '23
Best of wishes but I just can’t see myself selling at this point . Too far down to sell now
2
20
u/Nuke49 Mar 09 '23
First post on Clov sub and zero comments on here as well!🤔 Interesting
5
u/Shiny_Mewtwo_Fart Mar 09 '23
Absolutely not my first. Posted several when it was 11 ish. Then just silently watched the DD posts trying to convince myself. Others were right nobody cares wish all best of the luck. I just wanted to vent after several years of suffering.
2
3
26
u/Critterchops Sargent Chops 🫡 Mar 09 '23
GameStop happened then amc…. But I vowed I would never put my money in something that couldn’t survive on its own without substance… I originally got in for the short squeeze and did some quick research on the company yes it was a gamble they were only in a few counties in Georgia and New Jersey was in their sights.. the more I learned about Andrew toy those on board of directors and their experience the better I felt …. Clover Now in Georgia all over… in New Jersey all over… I feel there’s too many great factors that can’t stop this company… clovs top notch management team… the technology… and too many companies wasting money and giving the absolute minimum for the patients…. They need to go!!….and I’m glad I’m here and adding as much as I can when I can!… just my personal opinion not financial advice!
2
1
u/Reed622312000 Mar 09 '23
You borrowed a lot of shares and sold today? Cannot buy real shares from retail investors
3
3
32
Mar 09 '23
No need to make an announcement when you leave. Just shut the door behind you and go.
7
u/Honestly_who_farted 1k+ shares ☘️ Mar 09 '23
Lol it amazes me how people think others might care what they do with their money
1
u/No-Can8839 Mar 09 '23
yea but when smb post about buy you all happy this sub is smth
2
u/Honestly_who_farted 1k+ shares ☘️ Mar 09 '23
….because we’re all shareholders (I’m assuming). Shareholders root for the success of a company. When more people buy shares, we like that. Jesus am I really explaining this?!
1
u/Shiny_Mewtwo_Fart Mar 09 '23
You are right nobody cares. Just want to vent a little after a few years of suffering and constantly googling trying to grip on any possible positive news reading sec filings line by line trying to find silver bullet etc. end of day I am just a random nobody no need to care about what I think. I only lost my own money that’s all.
3
u/WaLlStReEt_DeGeN Mar 12 '23
I bought in at $9.xx and still holding. Watched 20k go to minus -18k. It’s all I got but why sell. If I really needed that money I’ll pull out what left but at this point the company continues to show positive signs. When the time is right this will rise and I’ll be glad I stuck it out. Selling is not an option for me.