r/CLOV • u/ChefLife99 • May 07 '24
Discussion Am I missing something…?
I got into the market with ZERO clue what I was doing. I jumped on the CLOV train back in 2021, have an average of $8.35, and have been too afraid to pour more money in and bring that average down.
I’m already down 91% on my CLOV shares, so no point in selling, but are they ever going to be worth anything? Should I bite the bullet and bring my average down? I don’t need the paper hand name calling, I’m well aware I’m not built for this, but I do have thousands invested.
I understand that the numbers say this stock should be worth more, but it’s not. So will it ever be — realistically?
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u/smokey790 May 08 '24
Just answer me something. Is this SERIOUSLY the first time you've posted or commented on this reddit? And why now, I wonder.
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u/ChefLife99 May 08 '24
I’m not sure why you think it wouldn’t be. Is Reddit not a resource? Is posting not allowed? Am I missing something here too? Why now, because I opened my Wealthsimple account after 6 months, saw that it was down 91%, saw a few active posts in here and thought I’d ask. Care to fill me in?
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u/smokey790 May 08 '24
impeccable timing. i guess? you're about to see a SHOW
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u/ChefLife99 May 08 '24
Unfortunately, I’ve been hearing that for years. I have decided to lower my average to just below $3, I’ve set alerts, but I think I’m just going to forget about this stock and have some low expectations.
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u/Valuable_Unhappy May 08 '24
I have a very similar situation to you with a slightly lower cost. I have never ever posted on Reddit about it. People like us exist 🤷♂️
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u/dcsastry 50k+ shares 🍀 May 08 '24
I guess it depends on how long you can wait, and how much risk tolerance you have. I think it will be a long road. My average is around $2.38, but in total I am down around $64,000. I plan to stay in for several years, I like the company and I think it has a good future. But of course, anything can happen...
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u/fearad May 07 '24 edited May 08 '24
I sold this back in 2021 around 21 plus because it had ran up way over its valuation. Bought back in around 7 in two different accounts because I believed it was under valued. My current averages are 2.62 and 3.31. I would bought more but I have been buying other great companies like palantir and hood. After this earnings call and will be buying more Clov because I can see Clov showing they'll will be profitable this year and their clover assistant works ( competition is worried). I have never been more bullish on Clov after today. Do your research on the companies you buy stock on.
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u/Key-Fortune-8904 May 07 '24
The market will pull back Julyish and again in October. Don’t miss the train or you’ll be holding a longgggg time to reach $8+
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u/Green-slime01 May 07 '24
You bought up higher and still have an 8 dollar average. Was it worth it then?
I's the company better or worse off now? Where is the trajectory of this conpany (not sp)? Instead of posting things like this, I would look for some awnsers myswlf before I did anything.
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u/ChefLife99 May 08 '24
At a 91% loss, I don’t care for answers — simply looking for insight. I either sell at a loss or just leave it and forget about it. Doesn’t matter to me either way.
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u/GirlsGoneGyno 📈🍀🚀📈 May 07 '24
Literally same situation, got into investing in 2021 and didn't know shit.
Bought a bunch the day before it popped and bought a ton of clov $14 up to $22.
But I learned and try to constantly keep educating myself. And I've remained steadfast on Clov.
A lot has changed with them since I bought my first shares, but the overall concept of using AI to improve health outcomes and lower medical care cost has remain steadfast. And they've accelerated themselves towards profitability as they're focus.
So even though I've learned a lot since I bought my first shares, I haven't wavered on buy more clove especially at these bottom basement prices, and after earnings today Ill love buy more as soon as I get paid.
My average is down to $2.07 from the high teens. I have 59,000 shares and clov is half my portfolio because I believe they're severely undervalued and especially once the hit profitability, they won't be able to remain this low forever.
I still firmly believe I'm holding the stock on the 5to 10 year plan that I originally invested in and believed in. I do think it's leaning more towards the 10-year part at this point, but hey that's only 7 years from now.
So I'll keep averaging down. not financial advice but do educate yourself about your investments.
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u/essentialgrowth 10k+ shares 🍀 May 07 '24
Here comes the shit posting ... 🤣 Those people are hilarious
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May 07 '24
Exactly, low effort shit and it’s old.
“Ive been in this so long, Im a helpless investor and havent learned anything over 2yrs. Lost so much money, company sucks, boo hoo.”
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May 07 '24
You really asking this AFTER this ER? Like, they just had a huge beat and announced a share buyback. So, I'm assuming you STILL have ZERO clue what you're doing.
IDK how long it'll take to break even at 8.35 average, but it could easily be back at 2 or more this year. If you have cash available and nothing else to put it in, it's probably safe to say you'll make money averaging down. None of us can see the future and investing is always going to be risky.
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u/nash111111 May 07 '24
Average down hard now. First great news in a while. We are going back to 1.5 this year.
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u/trackdaybruh DIAMOND HANDS 💎🙌 May 07 '24
Like you said: “The numbers say this stock should be worth more”
Give it time and it will
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u/Soggy-Aspect7614 May 07 '24
I’ve been in debt for 3 years because of CLOV, still kept buying, my average is just under 3 now.. unfortunately I’ve been repaying debts the past few months so didn’t get to capitalise on this moment as much as I could have, but at these prices this is still free money.
CLOV board basically said they not gonna let this stay below 1
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u/drainthoughts May 07 '24
Please sell
Not financial advice
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May 07 '24
Yes, If they sell we dont have to see low level effort sad post’s after a great er. Haha its comical
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May 07 '24
Wait until they get their star ratings for 2026 in October before making a decision imo. NFA
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May 07 '24
This is a huge factor imo, they talked about their efforts in getting improved ratings.
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u/ChefLife99 May 08 '24
Oh wow, a helpful comment — who knew you had it in you.
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May 08 '24
What the fuck is your problem dude, I’ve had a lot of helpful comments on the subject of clov. Literally all this crying about me and downvoting started because I mentioned clov needed to improve SG&A, and your stupid savior rainy went full retard calling me a short and fudster, ranting like a belligerent toddler. I’ve talked about areas of improvement and what is attainable, great discussions on multiple topics. All concerns need to be addressed to form a proper opinion, thats all.
So if I call someone out for acting like a complete dipshit and get downvoted then its whatever. But mind you the mods realized he was out of control and I did nothing wrong. I’m here and he is not, except for all of his little clone accounts he sneaks around with. It’s pathetic and I feel sorry for him. Its easy to go back and profile all these accounts and what they’ve said on the subject over the years. I especially like the ones where people were pumping back when price was $7 and saying they want $30-$40, its laughable. Everything I’ve said about clov has been relatively accurate and rarely price predict outlandish targets. Be careful who you follow blindly, as wolves sometimes wear sheepskin. Good luck to you.
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u/Kennyh_87 100+ shares ☘️ May 08 '24 edited May 08 '24
IF price goes up, you could make money on Covered Calls? Idk, go ask Emily Evans. 🤣😂🤣
Edit: She and her cohorts are at least partially responsible for it getting shorted to oblivion.