Originally Posted by Hammock Parties:
Already sold 33 shares a few weeks ago.
This is getting pumped hard at closing, I'm just going to hold thru the end of the week at least.
Fingers crossed.
I'm in a similar boat, trying to decide how I want to play it. There's going to be an inevitable pullback, but will it continue to grow in the grander scheme? The EV market is so difficult to predict. [Reply]
Originally Posted by lewdog:
Decide if you’d like to take profits on 25 or 50% of the position. One strategy is each day raise your stop loss on amount you plan to sell to low of previous day and just wait until you’re stopped out. This gives you best chance to catch most of a large vertical move without selling too early and missing more gains or selling too late and losing these gains.
I’ll give you an attaboy. Nice job making money on this.
If it were me, I'd put the stop 120% of the biggest day since the start of the move, off the prior close. A volatile day might still get you, but especially if it's been fairly choppy it will probably have a better chance of not stopping you out on the way up. [Reply]
Woof UWMC taking it in the shorts. Sell off on monster volume today.
My apologies, I thought the bottom was upper $6's. It's in my passive account so I'll just hold for now and collect the 5% dividend.
Also in my passive account (ROTH IRA)
LCID
AAPL
CGC
PYPL
SMG
ARKK
ILUS
I like to add some beaten down value plays in this account, hopefully ride a wave up, and sell off later for profit on some of these names and move to other value plays. [Reply]
Originally Posted by lewdog:
Woof UWMC taking it in the shorts. Sell off on monster volume today.
My apologies, I thought the bottom was upper $6's. It's in my passive account so I'll just hold for now and collect the 5% dividend.
Also in my passive account (ROTH IRA)
LCID
AAPL
CGC
PYPL
SMG
ARKK
ILUS
I like to add some beaten down value plays in this account, hopefully ride a wave up, and sell off later for profit on some of these names and move to other value plays.
I've got a miniscule amount of UWMC, and it's been a dog. I read a little clickbait article just yesterday that said it's incredibly undervalued if one looks at projected P/E over the next 12 or 24 months. (I don't remember the time frame.) They were saying something obscene like the forward P/E was under 3, which implies in my mind that the stock is undervalued by a factor of 4 to 10. So I was pondering maybe breaking my rule about turning small dogs into bigger dogs. Good thing I waited. I'm still intrigued by the article, though, and the dividend salves some of my pain so far.
From what I could figure out, though, the big hit today was because they're issuing more stock and diluting share value. It's not like they had bad revenues or earnings, but diluting share value is annoying. [Reply]
Originally Posted by Rain Man:
I've got a miniscule amount of UWMC, and it's been a dog. I read a little clickbait article just yesterday that said it's incredibly undervalued if one looks at projected P/E over the next 12 or 24 months. (I don't remember the time frame.) They were saying something obscene like the forward P/E was under 3, which implies in my mind that the stock is undervalued by a factor of 4 to 10. So I was pondering maybe breaking my rule about turning small dogs into bigger dogs. Good thing I waited. I'm still intrigued by the article, though, and the dividend salves some of my pain so far.
From what I could figure out, though, the big hit today was because they're issuing more stock and diluting share value. It's not like they had bad revenues or earnings, but diluting share value is annoying.
I also believe it's undervalued and my plan was to make this a strong play for the next 1-2 years. I am also breaking my averaging down rule and buying more shares tomorrow in my passive account. There was tons of short interest today on this stock, over 70% of the volume today! They also have initiated a share buyback plan of $300M to begin initiation soon. [Reply]
