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Post by JHam on Apr 21, 2020 17:50:09 GMT
Well you’re influence was strong with me. I just took 75% of my position off the table. Nothing has changed fundamentally, but with everything going on right now, and the potential for me not having work for the foreseeable future, I decided to pull the trigger. 201% profit on a large position, which gives me a cushion should things go even further south. I started to get the feeling that it could finally be losing steam. Consolidation has to happen at some point. Definitely keeping my eyes on this one for any pullback. Please don't call it influence, it wasn't meant to be acted on but more of an alternative scenario the could/couldn't be looming on the horizon. I don't think it takes a rocket scientist to foresee a huge decline in GDP with so many layoffs, factory shutdowns, and industries at a stand still. Not preaching doom and gloom for us as humans, but Wall Street is a fickle mistress to have your life savings tied up in. I'd like a little more stability/surety than we have now even if it means not catching a rising wave. Eventually, things will return to a more predictable pattern. My biggest flaw in trading stocks is that I get too greedy. Alway overly concerned about buying at rock bottom and selling at the absolute top. It’s dumb I know, but I can’t help it (I’m workin on it ) Even though I do feel that there is still plenty of room to grow with stock, it was starting to get into that danger zone for me, Oprah rich or bust. So it helps to see others like you and actc comfortable and content taking profits knowing that there is a good chance it could still run. Good to take a breather and reassess.
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Post by magnus123 on Apr 21, 2020 18:02:39 GMT
I have the same problem, JHam. I am also to greedy very often. I always have the fear that the stock will explode, when i'm out^^ It's complete nonsense and made my profits often much smaller in the past, so i'm glad that i sold a bunch of Catasys shares. All shares that i bought at the Corona crash in march. The risk was actually crazy when i think about it... I really have to work on my greediness:D
And thank you Jham for introducing this stock here. This was (and still is) really a great recommendation. I'll keep holding my initial position which is not to big.
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Post by selluwud on Apr 21, 2020 18:05:01 GMT
Please don't call it influence, it wasn't meant to be acted on but more of an alternative scenario the could/couldn't be looming on the horizon. I don't think it takes a rocket scientist to foresee a huge decline in GDP with so many layoffs, factory shutdowns, and industries at a stand still. Not preaching doom and gloom for us as humans, but Wall Street is a fickle mistress to have your life savings tied up in. I'd like a little more stability/surety than we have now even if it means not catching a rising wave. Eventually, things will return to a more predictable pattern. My biggest flaw in trading stocks is that I get too greedy. Alway overly concerned about buying at rock bottom and selling at the absolute top. It’s dumb I know, but I can’t help it (I’m workin on it ) Even though I do feel that there is still plenty of room to grow with stock, it was starting to get into that danger zone for me, Oprah rich or bust. So it helps to see others like you and actc comfortable and content taking profits knowing that there is a good chance it could still run. Good to take a breather and reassess. You did a good job not only picking this issue, but also timing your exit. It seems Covid is driving membership, we're all going crazy. I'm keeping my eye on the VIX misery index, it goes the opposite way of the market.
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Post by Yelk on Apr 22, 2020 3:55:45 GMT
I've been enjoying following this stock, all the way from $15 I watched for dips and none came, been interesting to watch the insane 200% grind these past weeks. I have a feeling a lot of eyes are on a pullback. I am interested in doing my own fundamental research. I've been annoyed I missed the COVID dips in all stocks by only a few days before I came back to the markets so I'm trying to be ultra patient to find entries in stocks and obviously with the economy size and entry and is more important than ever. My thoughts right now are companies that have cash and catalysts or revenue. Catalysts and revenue need to look at how COVID is affecting that. I saw you guys post about it not affecting this one so it peaked my interest. I've read through a few posts in here and can understand why everyone is so bullish. The one red flag that concerns me personally here is how a select few individuals control the stock. I've learned over the years to follow the smart (illegal) money those who know whats going on, but its also burnt me before when Im up 200% and all in on what should be a bullet proof stock and wake up and someone robbed my bank. Not saying that is CATS, but I guess why I'm always on alert. I'm looking forward to researching this and watching for any major dips towards $20, but at this point I also find the price action just seems odd as if its being held up. I get your revenue targets and the price the stock can trade at but if thats the case do you really believe it was off the entire markets radar for that long? I'm just curious what peoples thoughts are, the price action the way it grinded up just seems fishy to me, like buyer support and shorts pushed rather than market sentiment. Like who was buying this at $30 in these market conditions... without any pullback at all? That just seems wild.
What/when is the next major catalyst here?
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Post by actcrazy on Apr 22, 2020 14:48:25 GMT
Crazy how yesterday afternoon was a buying pullback? It's off to the races again this morning. I can only imagine where this might be at price wise if we were in a good market with the Dow up like 4 or 5 hundred points a day...versus what we've been seeing....Finger near the trigger! GLTA Here !
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Post by lcd on Apr 22, 2020 16:45:16 GMT
I wasn't planning on selling, but reading recent posts you convinced me to shave off at least some of my holdings. If the pps gets up over $31 again, I should be reducing my holdings by 50%.
Congrats to all who locked in profits.
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Post by actcrazy on Apr 23, 2020 3:41:52 GMT
Went into my long pile and trimmed a third in that account. All my remaining kitties have a zero cost basis. Sucks to have less shares but, I was able to fatten up some other holdings and stash a little cash while keeping a small litter. Thank you Momma CATS.
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Post by JHam on Apr 23, 2020 6:20:44 GMT
I wasn't planning on selling, but reading recent posts you convinced me to shave off at least some of my holdings. If the pps gets up over $31 again, I should be reducing my holdings by 50%. Congrats to all who locked in profits. I wasn't trying to convince anyone else, just justify my reason for selling. But congrats on the trade! If it goes to $40 tomorrow don't blame me I went ahead and dumped everything, so I have no CATS at the moment. Looking to get back in when the timing is right.
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Post by JHam on Apr 23, 2020 6:23:38 GMT
Went into my long pile and trimmed a third in that account. All my remaining kitties have a zero cost basis. Sucks to have less shares but, I was able to fatten up some other holdings and stash a little cash while keeping a small litter. Thank you Momma CATS. Yeah I am totally out right now. It had an amazing run and I expect it to be worth way more than it is now in the future. I started to feel that the rally had lost steam and would start to consolidate at these levels for a while, so I decided to lock in profits and put some of that elsewhere for the time being. I could totally be wrong though, and this could start another huge run tomorrow. If it does, no looking back. If it doesn't I will be adding again soon on any dips. Good luck and congrats!
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Post by JHam on Apr 23, 2020 6:39:37 GMT
I've been enjoying following this stock, all the way from $15 I watched for dips and none came, been interesting to watch the insane 200% grind these past weeks. I have a feeling a lot of eyes are on a pullback. I am interested in doing my own fundamental research. I've been annoyed I missed the COVID dips in all stocks by only a few days before I came back to the markets so I'm trying to be ultra patient to find entries in stocks and obviously with the economy size and entry and is more important than ever. My thoughts right now are companies that have cash and catalysts or revenue. Catalysts and revenue need to look at how COVID is affecting that. I saw you guys post about it not affecting this one so it peaked my interest. I've read through a few posts in here and can understand why everyone is so bullish. The one red flag that concerns me personally here is how a select few individuals control the stock. I've learned over the years to follow the smart (illegal) money those who know whats going on, but its also burnt me before when Im up 200% and all in on what should be a bullet proof stock and wake up and someone robbed my bank. Not saying that is CATS, but I guess why I'm always on alert. I'm looking forward to researching this and watching for any major dips towards $20, but at this point I also find the price action just seems odd as if its being held up. I get your revenue targets and the price the stock can trade at but if thats the case do you really believe it was off the entire markets radar for that long? I'm just curious what peoples thoughts are, the price action the way it grinded up just seems fishy to me, like buyer support and shorts pushed rather than market sentiment. Like who was buying this at $30 in these market conditions... without any pullback at all? That just seems wild.
What/when is the next major catalyst here?
I hear ya. A few quick pints. Terren Peizer, founder and CEO, owns around 65% of the o/s. This is his baby and I don't think for a minute he will suddenly cut and run. He'd kill the company which wouldn't make any sense. By the way he talks, he believes this will one day be a $10B company, and I don't think he will sell until it gets closer to that figure. I do think he'll step down as CEO at some point in the near future (I think he is setting everything up for that now with the recent hires and appointments), but he will still stay involved in some capacity, imo. I don't think it has been off everyone's radar at all. It had runs into the $20s last year. The biggest problem is that an insider, David Smith, started to dump his 1.7M shares (I think it was that number). After a few Form 4s filed, it was clear he wasn't stopping until they were all gone. That's the reason why I got out last year when I did. If little novice me felt that way, I imagine that's what institutions thought as well. As for why now...all telehealth stocks are during this COVID19 pandemic. The market is starting to see just how valuable these companies are, and how they are the wave of the future. In CATS' case, they are targeting care-avoidant patients, which while unique to them and a brilliant idea, I think the market wants to see them hit a few more revenue targets before believing insurance companies are all in. The next big catalyst is the rollout of a national plan. Would be huge news, especially if it includes NY and CA. It has been pushed back now to before July 1. Hoping to get back in before then.
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Post by magnus123 on Apr 23, 2020 15:20:06 GMT
I sold my remained shares as well. 240% profit:)
The rally seems to be over. I hope to be able to buy shares in the low 20s
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Post by actcrazy on Apr 24, 2020 15:23:57 GMT
Wow again, this kitty is breaking out of it's cage. Up 3 bucks 2 hours in to session. GLTA
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Post by JHam on Apr 24, 2020 16:32:05 GMT
Wow again, this kitty is breaking out of it's cage. Up 3 bucks 2 hours in to session. GLTA Surely it’s gonna start the climb back north sooner or later. Hate being on the sidelines with this one, but content for now. Hoping for the best for all of you still holding right now.
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Post by actcrazy on Apr 25, 2020 4:11:59 GMT
I get it. I sold a bunch and happy. This time I kept a long core, had some almost 2 years. The low float is what makes this rock with volume. It could go down just as quick or 31.00 might be a buy. As long as I get out above 25. I'm cool. GLTA Here Thanks JHam
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Post by JHam on May 6, 2020 13:41:56 GMT
CATS looks like it is about to go below $20 in the near future. I definitely do want to re-enter at some point. Below $15 would be ideal, even if it went lower than that. What’s everyone else thinking?
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Post by vzveteran on May 6, 2020 13:54:21 GMT
CATS looks like it is about to go below $20 in the near future. I definitely do want to re-enter at some point. Below $15 would be ideal, even if it went lower than that. What’s everyone else thinking? It's on my radar for sure.. I am a buyer should it go back into mid the teens...Fundamentals are still strong...Nothing's changed.
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Post by Yelk on May 6, 2020 14:07:08 GMT
You guys actually think it can just dip over 100% down for not much apparent reason? At $25 seemed to have full conviction it was on sale and going to the moon. What changed thinking it can go to $15? By that I mean why would have held the stock earlier above $20-$25 if thought could dip to $15 seems high risk.
Just curious what the mentality is behind that big of a shift in evaluation. I've been looking for entry, personally high teens was my plan. $18-$19+
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Post by vzveteran on May 6, 2020 14:56:02 GMT
You guys actually think it can just dip over 100% down for not much apparent reason? At $25 seemed to have full conviction it was on sale and going to the moon. What changed thinking it can go to $15? By that I mean why would have held the stock earlier above $20-$25 if thought could dip to $15 seems high risk. Just curious what the mentality is behind that big of a shift in evaluation. I've been looking for entry, personally high teens was my plan. $18-$19+ I was swing trading this for the past few years...Seemed to follow the same pattern over a month to month period, up a couple/few bucks, and down again... I would dip in and out taking profits along the way. When the market crashed I took a large position, knowing that we were unaffected by the virus...and waaay oversold...I sold out both my long and short holdings for 190% and 118% respectively. I think the focus now for many traders, and the market in general, is the virus, and the opportunities for a quick buck....Cats has a first quarter report coming tmro....I'll see what happens.
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Post by magnus123 on May 6, 2020 15:38:17 GMT
Short attack is currently performed against Catasys by Culper Research. I agree that the stock price could go down under $20.
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Post by vzveteran on May 7, 2020 18:54:53 GMT
I couldn't help but bet a few chips @ 23.48....hoping for a good call
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