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re: Soun stock

Posted on 12/5/24 at 10:42 am to
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/5/24 at 10:42 am to
Bumpity bump bump.
Glad to have bought 200 shares at 8.70 two days ago

News -Torchy's going with SOUN

December 05, 2024 09:01 AM Eastern Standard Time
quote:

SANTA CLARA, Calif.--(BUSINESS WIRE)--SoundHound AI, Inc. (Nasdaq: SOUN), a global leader in voice artificial intelligence, and Torchy’s Tacos, the cult-favorite taco chain known for its “Damn Good Tacos,” have announced the rollout of SoundHound’s advanced voice AI Smart Ordering product, now live at all 130 Torchy’s locations.
Posted by donRANDOMnumbers
Hub City
Member since Nov 2006
17361 posts
Posted on 12/5/24 at 10:48 am to
ya... i called it in the SERV thread too and didn't buy.

damn
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/5/24 at 2:45 pm to
Someone just paid me $66 dollars to sell them 200 shares of SOUN for $14.50 by tomorrow. It's yours man

That would be 70.3% in three days when you included the $64 premium after fees.
This post was edited on 12/5/24 at 2:55 pm
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 12/5/24 at 3:54 pm to
I sold some at $12 but I’m still in for 100 shares at less than $2 a share. Gonna ride the rest out to $20.
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/5/24 at 4:10 pm to
If these get called away I'll try to get back in with Cash secured puts.
I'm looking forwared to future partnerships. The potential is huge.
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/6/24 at 1:42 pm to
Looks like I’ll probably lose ‘em!
What a run!!
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/13/24 at 9:39 am to
Trading journal on this one:
Trying my best to get back in this one at a reasonable price.
Force sold 200 shares at 14.50
Sold Cash Secured Puts at 13 and 14
Bought them back today with good profit, but now i've got cash and no shares!

Waiting for a lunch sell off.
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/13/24 at 10:04 am to
I went a different route and sold two cash secured puts at $15 strike with 12/20 expiry. Took in $188 in premium after fees to buy 200 shares at $15 next Friday (if the price is $15 or lower).
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/16/24 at 9:42 am to
Is the board really missing this run?!
Posted by Delacroix22
Member since Aug 2013
4537 posts
Posted on 12/17/24 at 5:58 am to
I was in at like $6 sold at $15.

Idk how much more short term upwards will go

But every day it proves me wrong
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/17/24 at 6:24 am to
Taking gains is the hardest part. Truly.
I obviously lost my shares in Roth at 14.50 but took gains to buy more at 16.72 cost basis in another account.

Sold $22 covered calls for THIS Friday on those and it this rate I may lose those too! It’ll take a breather at some point.
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1601 posts
Posted on 12/18/24 at 10:50 am to
bought a bunch yesterday bc of this thread, probably just gonna sell today.
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 12/18/24 at 10:52 am to
quote:

bought a bunch yesterday bc of this thread, probably just gonna sell today.

I wouldn't put a limit on this one, but I understand.

Rolled the calls out a week and up to $25 so that's my sell point as of now.
Posted by Tnmountaineer79
Ventura, California.
Member since Mar 2018
37 posts
Posted on 12/18/24 at 12:56 pm to
Currently at 23.95. I’m up 257%. At this point it’s just fun to watch. We will eventually hit a big dip but I don’t see it going back below 10 a share.
Posted by BCreed1
Alabama
Member since Jan 2024
6445 posts
Posted on 12/18/24 at 1:34 pm to
Owned sound when it was $5ish... made a few trades.

Now looking at Synthetic Covered calls on it.
Posted by Drizzt
Cimmeria
Member since Aug 2013
14881 posts
Posted on 12/20/24 at 4:07 pm to
I’m tempted to cash out but I’ll wait until the New Year to put off my tax hit.
Posted by bayoubengals88
LA
Member since Sep 2007
23505 posts
Posted on 1/6/25 at 12:46 pm to
Buy this dip people.
I will buy anything below $20

I own 416 shares at the moment.
Posted by Sir Saint
1 post
Member since Jun 2010
5469 posts
Posted on 1/6/25 at 1:25 pm to
is SOUN actually a real growth story or is this just AI hype? What is the bull case in a nutshell?
Posted by meeple
Carcassonne
Member since May 2011
10848 posts
Posted on 1/6/25 at 1:47 pm to
Just picked up a few more
Posted by bigjoe1
Member since Jan 2024
1489 posts
Posted on 1/6/25 at 2:19 pm to
quote:

is SOUN actually a real growth story or is this just AI hype? What is the bull case in a nutshell?


I think it has a reasonable story .
In a nutshell they've announced deals with Church's Texas Chicken, and Torchy's Tacos that have about 1600 locations between them. They also announced a deal with Lucid Automotive. They're like all small AI companies now. Few are profitable and you're betting on the future. Right now, I think you're seeing a short squeeze and wouldn't be surprised to see a pullback,
Having said that, I shorted a few 15 puts with a 1/17 expiration this morning at .40.


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