What Did You Buy Today?

[Otter]

(01-25-2021, 10:05 AM)kblake Wrote:

(01-25-2021, 10:01 AM)crimsonghost747 Wrote:

(01-25-2021, 09:55 AM)EricL Wrote:

(01-25-2021, 09:50 AM)kblake Wrote: Lets here it for GEVO. Up another 19% today to new highs lol

Why wouldn't a company with $10.5M in annual revenues be worth $2B? That's only 200X sales! =)

sounds cheap to me!

 Like I said it's based on the future. Its cheap based on future sales.  They have cash flow no debt or loan. I don't question the traders who keep bidding it up lol

We all should be questioning GME at $100. This stock should be worth $5   

If it goes up any higher I will buy puts

I've now sold 5 2/19/21 GME $20 Puts at an average of $0.80 per contract. Their balance sheet has been cleaned up substantially, an activist investor appointed to the board who is focused on continuing to grow online sales (2020 was a 300%+ growth rate for online sales), and they are undergoing the mother of all short squeezes right now. 

Worst case scenario, the stock drops more than 85% in three weeks, and I end up owning 500 shares at $20/share, plus the $400 I pocketed for selling the puts.