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Clov possible short squeeze

Posted on 4/17/21 at 3:52 pm
Posted by L S Usetheforce
Member since Jun 2004
22769 posts
Posted on 4/17/21 at 3:52 pm
I actually bought into clover because I thought it had promise...I was in 4K shares at 9 and could have flipped at its ATH of 17.45. On this particular day, GME was breaking out and Chamath destroyed hedge funds on nbc.

Few weeks later Hindenburg drops a bash story and hedges start shorting it.

Fast forward to today:

LINK

Looks like heavy short interest and message boards have found a play.

LINK
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30578 posts
Posted on 4/17/21 at 4:14 pm to
I’ve been in CLOV for a bit. I think it’s a good company that has gotten a bad rep from Hindenburg. Normally Hindenburg is pretty on target, but this one stands out as crap. The allegations were based around a DOJ inquiry into the company related to its Medicare/Medicaid division. Supposedly the company should have disclosed that and didn’t. The company and Chamath insist they didn’t need to disclose it and that it wasn’t anything abnormal. Now the govt just signed them to new exclusive deals in 10 states for Medicare and Medicaid, which means they didn’t do anything fraudulent that could hurt their contracts. IMO there’s no real threat and a ton of positive upside available now. I’ve added more recently
Posted by boogiewoogie1978
Little Rock
Member since Aug 2012
16989 posts
Posted on 4/18/21 at 10:36 am to
quote:

Why Clover Health Could See A Big Short Squeeze

LINK
Posted by Brettesaurus Rex
Baton Rouge
Member since Dec 2009
38259 posts
Posted on 4/18/21 at 11:10 am to
It hit 10 Friday. I didn’t hold the weekend because I don’t trust supposed “huge squeezes” over the weekend. Want to see what it does PM and open before jumping back in.
Posted by Crescent Connection
Lafayette/Nola
Member since Jun 2008
2024 posts
Posted on 4/18/21 at 12:13 pm to
Centers for Medicare and Medicaid Services are using their SaaS in 10 states. This was recently published about 2 weeks ago. Gives the company some legitimacy. I have a position.
Posted by TDFreak
Dodge Charger Aficionado
Member since Dec 2009
7371 posts
Posted on 4/18/21 at 9:42 pm to
I sold shortly after the SPAC changed its ticker symbol to CLOV. At $14.91/share.

My only take on the short squeeze theory is: No one except r/wallstreetbets saw the GME squeeze coming. I am leery when everyone identifies a squeeze play. These things work best when they surprise everyone.

Eventually, more squeezes will come, but I think in the near-term they will be less likely until the big hedge funds get lazy/sloppy again.
This post was edited on 4/18/21 at 9:44 pm
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30578 posts
Posted on 4/19/21 at 6:19 am to
CLOV isn’t just a squeeze play. Just like GME wasn’t just a squeeze play. Boiling things down to just being squeeze plays is why people will continue to lose money on trying to find short squeeze
Posted by Stagliano
Member since Dec 2020
1653 posts
Posted on 4/19/21 at 7:01 am to
Wonder if this dips before it flys. 5mil volume in pre market. This is gonna be a crazy day
Posted by el Gaucho
He/They
Member since Dec 2010
53018 posts
Posted on 4/19/21 at 7:26 am to
I bought like 900 shares of this and 400 gme premarket

Up on both so far
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31143 posts
Posted on 4/19/21 at 3:32 pm to
quote:

400 gme premarket


Wait, you just dumped about $62,000 in GME this morning? You have bigger balls than I do
Posted by el Gaucho
He/They
Member since Dec 2010
53018 posts
Posted on 4/19/21 at 3:58 pm to
I shoulda sold it this morning too
Posted by Triple Bogey
19th Green
Member since May 2017
5985 posts
Posted on 4/19/21 at 5:24 pm to
I’ve been holding bags on this POS for 4-5 months now. Chamath dumped a lot of his stake, similar to how he and Branson just did on SPCE which tanked the stock. If I can get back to even, (I think my average is like $12) I’m selling out.
Posted by WitnessTheLitness
Member since Jun 2017
461 posts
Posted on 4/29/21 at 8:08 am to
It's coming.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
30578 posts
Posted on 4/29/21 at 9:57 am to
I have some medium dated calls and shares
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31143 posts
Posted on 4/29/21 at 9:59 am to
Holding a 5/21 $14 call.

Just 1
Posted by WitnessTheLitness
Member since Jun 2017
461 posts
Posted on 4/29/21 at 10:29 am to
Same. I got 3 12.50 Calls for 5/21.
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