CLOV is a great long term buy with a short term CUP AND HANDLE Long

Clover Health Investments, Corp.NASDAQ

Description

⋅ Feb 2, 2021 7:36 PM

Hey! I like to let my charts do the speaking but I love to converse with others involved. Share your thoughts! GL Cheers

Comments

EstebanD

⋅ Feb 3, 2021 3:44 AM

Good catch, but also a double top, and there aren't triple tops.

whitejade

⋅ Feb 3, 2021 4:23 AM

@EstebanD, Interesting. Thanks for your input! CLOV's IPO was Jan. 8 2020 - the first top. Are you familiar with CLOV?

EstebanD

⋅ Feb 3, 2021 4:35 PM

@whitejade, Just know is Chamath SPAC, but the fact that they will be flooding the market with a second offering doesn't look good.

whitejade

⋅ Feb 3, 2021 6:31 PM

@EstebanD, I've been searching for a second offering and I don't see anything. Where's this info coming from?

EstebanD

⋅ Feb 4, 2021 1:55 PM

@whitejade, Sorry I had a brain fart. Sadly the stock is not acting well specially with this hit piece running around today. hindenburgresearch.com/clover/

whitejade

⋅ Feb 4, 2021 4:22 PM

@EstebanD, lol brutal! Glad it did that before my buy zone.

whitejade

⋅ Feb 4, 2021 4:38 PM

@EstebanD, now do I play the gap fill? I just read through that. I'm not that worried. Chamath acquired... I'm sure part of the deal is cleaning house. I mean who buys a company with a DOJ investigation unless they think it's fixable?

EstebanD

⋅ Feb 4, 2021 6:21 PM

@whitejade, If you still like the company, I'd sell cash covered puts 12.5 strike @ 1.40~1.45 or 15 at about 3 this way you can either get assigned cheaper stocks or get the premium. I have a position that is just comfortable enough so I am just waiting and holding.