What Did You Buy Today?

[kblake]

(01-25-2021, 10:22 AM)Otter Wrote:

(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.

GME is not even worth $20 a share. They nearly went bankrupt last year. The stores have been dead for years. The only reason why the stock is up this high is because it was being hyped on every stock board known to man    and it was the 2nd most shorted stock. The news of the activist is not the reason its up $125 from its lows.

Same thing is happing to TR right now. Yes that boring stock Tootsie Roll. This market is bonkers. Just buy the top 5 shorted stocks and make millions