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Post by actcrazy on Aug 7, 2020 14:35:14 GMT
Congrats All who held. I did good here but still lost out on that extra 40%. If I tell you I sold a stock that's probably a buy signal..hehe! Onward.
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Post by lcd on Aug 7, 2020 15:13:33 GMT
I hear you actcrazy. The one time I play it conservative, I could have made significantly more by gambling on holding it longer. I need to keep reminding myself how many times I held on too long. I am very happy with my profits on this one. I do not think this is a billion dollar company for long and there will be future opportunities to get back in.
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Post by selluwud on Aug 10, 2020 17:55:12 GMT
With this issue showing so much strength, I jumped into a healthcare solution software company LVGO Livongo at 113.00 today when it dipped. I'm looking more long term here.
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Post by actcrazy on Aug 11, 2020 23:59:01 GMT
was a billion dollar stock.....rolly coasty .
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Post by JHam on Aug 12, 2020 2:12:36 GMT
was a billion dollar stock.....rolly coasty . Yeah, and I won't be surprised if it continues. Happy for those of you who took those monster profits and got out when you did.
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Post by selluwud on Aug 19, 2020 19:24:09 GMT
This little number just keeps giving. but I missed it.
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Post by JHam on Aug 20, 2020 0:15:13 GMT
This little number just keeps giving. but I missed it. What a monster, sheesh.
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Post by lcd on Aug 20, 2020 14:43:37 GMT
I was right it didn't stay a billion dollar stock for long. Now it is a $1.3 billion stock. Wow.
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Post by JHam on Aug 20, 2020 14:52:12 GMT
I've held onto CATS since 2018 when it was $12. What a roller coaster! Haven't sold a single share. The company has lived up to its hype and the stock is significantly cheaper now at $18 than when I bought it at $12. I'm jealous of everyone able to get in at this price. Thanks for joining the board! I bought in 2018 as well in the $7s and ultimately had an average around $8.50. Sold most between $17-18 when it became clear that it would continue to decline until 2020 revenue guidance was given and until David Smith finished dumping his shares in massive lots. I started buying back again a few weeks ago and now own double the shares that I did back in 2018/19 with a $9.24 cost basis. Like you said though, even at $300M this is still undervalued. $300M doesn't even reflect $35M+ revenue reported the other day. At just 5x the projected 2020 run rate of $90M the pps would be $27. But we now know since the call, based on the the influx of new enrollees due to the coronavirus, that the run rate will be more in the neighborhood of $120M+. 5x revenue is also quite conservative in my view. Would have been up 700% on this one now, lol. Glad that this thesis held true. Still have questions about the long term, but congrats to anyone still holding right now.
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Post by lcd on Aug 20, 2020 16:49:52 GMT
JHam, I don't see that any of us on this thread lost any money on $OTRK and most, even you after selling for a measly 100% gain, made good money and that is why we are all here. I now turn to QUIK, CPSH, CPAH, and DYAI hoping that in a couple of years I am kicking myself for only taking 100-400% profits.
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Post by JHam on Aug 20, 2020 17:01:36 GMT
I sold about 40% of my holdings in the mid-37's (bought in the low 11's so not too bad) and if it gets back over $38 I should be selling another 30%. I agree JHam that the big numbers do need to slow down. Lots of comparisons on Twitter to $LVGO but that might be more hopeful than reality. That’s awesome. I sold most just over $30 for a realized profit of 201%. I hope you’re still holding onto that 30% Yeah, I didn’t sell at the top, but 9x out of 10 if I would have held, it would have tanked back down to $9. Definitely have no regrets and think there are other opportunities out there that have just as good if not better potential, imo.
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Post by JHam on Aug 20, 2020 17:30:41 GMT
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Post by selluwud on Aug 23, 2020 14:54:19 GMT
As much as I was adverse to paying the price to get back in this, I bought back in on the recent dip (low 60's) after the preferred stock sale announcement was made. There seems to be a lot momentum and the sector is red hot. Mergers and buy outs are what I'm hopeful for.
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Post by JHam on Mar 1, 2021 13:59:08 GMT
This is getting crushed today apparently after announcing that they lost their biggest client.
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Post by selluwud on Mar 1, 2021 14:05:38 GMT
This is getting crushed today apparently after announcing that they lost their biggest client. Thankfully i got out in December and took profits at year end.
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Post by JHam on Mar 1, 2021 14:08:11 GMT
This is getting crushed today apparently after announcing that they lost their biggest client. Thankfully i got out in December and took profits at year end. Great job! I sold a long time ago, but still have it on my watchlist.
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Post by magnus123 on Mar 1, 2021 14:21:20 GMT
I think that OTRK will go to zero this or next year. The preferreds will kill OTRK in the long term without substantial growth. If they still have the GS debt, which i don't know, they are done. Anthem is developing an in house solution. Other plans will maybe follow? Also a big red flag regarding DRIO in my opinion.
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Post by JHam on Mar 4, 2021 5:36:43 GMT
And here come the lawsuits....: www.businesswire.com/news/home/20210303005997/en/ ONTRAK ALERT: Bragar Eagel & Squire, P.C. Is Investigating Ontrak, Inc. on Behalf of Ontrak Stockholders and Encourages Investors to Contact the FirmMarch 03, 2021 09:00 PM Eastern Standard Time NEW YORK--(BUSINESS WIRE)--Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, is investigating potential claims against Ontrak, Inc. (NASDAQ: OTRK) on behalf of Ontrak stockholders. Our investigation concerns whether Ontrak has violated the federal securities laws and/or engaged in other unlawful business practices.
“the coaching model which Ontrak has pioneered for over a decade was seen by the customer to be less relevant to their performance metrics.” Tweet this
On March 1, 2021, Ontrak issued a press release announcing preliminary financial results for fourth quarter and full year 2020. Therein, the Company stated that its largest customer had terminated its contract with Ontrak, effective June 26, 2021. The Company stated that this customer “evaluated Ontrak on a provider basis” and “s such, the customer evaluated [Ontrak’s] performance based on [its] ability to achieve the lowest possible cost per medical visit, and not on [its] clinical outcomes data or medical cost savings.” The Company also stated that “the coaching model which Ontrak has pioneered for over a decade was seen by the customer to be less relevant to their performance metrics.”
On this news, the Company’s share price fell $27.32, or more than 46%, to close at $31.62 per share on March 1, 2021.
If you purchased or otherwise acquired Ontrak shares and suffered a loss, are a long term stockholder, have information, would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Brandon Walker, Melissa Fortunato, or Marion Passmore by email at investigations@bespc.com, telephone at (212) 355-4648, or by filling out this contact form. There is no cost or obligation to you.
About Bragar Eagel & Squire, P.C.:
Bragar Eagel & Squire, P.C. is a nationally recognized law firm with offices in New York, California, and South Carolina. The firm represents individual and institutional investors in commercial, securities, derivative, and other complex litigation in state and federal courts across the country. For more information about the firm, please visit www.bespc.com. Attorney advertising. Prior results do not guarantee similar outcomes.
Contacts Bragar Eagel & Squire, P.C. Brandon Walker, Esq. Melissa Fortunato, Esq. Marion Passmore, Esq. (212) 355-4648 investigations@bespc.com www.bespc.com
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Post by magnus123 on Aug 19, 2021 12:42:58 GMT
I think that OTRK will go to zero this or next year. The preferreds will kill OTRK in the long term without substantial growth. If they still have the GS debt, which i don't know, they are done. Anthem is developing an in house solution. Other plans will maybe follow? Also a big red flag regarding DRIO in my opinion. Wow, another huge customer killed the contract with OTRK. What a desaster this is. Sad that I'm not short. They could be in serious trouble next year.
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Post by lcd on Aug 19, 2021 12:48:01 GMT
magnus your prediction appears to be coming true. A quick scan of the 8-k shows they are losing $48 million on future revenue over the next two years by losing this client.
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