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Post by lcd on Jan 12, 2021 22:09:09 GMT
Holy shit. I was kidding about $6 a share. I sold 95% of my shares going into today. I can't believe how much money I left on the table by selling early.
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Post by JHam on Jan 12, 2021 23:46:37 GMT
Holy shit. I was kidding about $6 a share. I sold 95% of my shares going into today. I can't believe how much money I left on the table by selling early. Sh*t. Like I said, it will probably behave as always and dip back down...  Damn I’m sorry. I wonder what the news is. |
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Post by JHam on Jan 13, 2021 0:43:13 GMT
Now the question is, will CPSH take the CLSK route or come back down to earth. Here’s a post from harrywebster at ST who I follow and often aligned with in our thinking:
Absurd that anyone would chase this up 100% on no news. CPSH was overvalued in the $3's! Because revenues in Q3 started to slide. And things are going to get a lot worse for them starting in Q4 (to be reported soon). As 2 of their 3 main customers "significantly" reduced purchases from CPSH during Q3. Here's the CEO on the Q3 conference call-
"We ship each year to approximately 80 customers and our largest three customers have historically accounted for 50% to 70% of our revenues. In the third quarter, two of these three customers notified us that they were reducing purchases significantly. In one case, the reduction was immediate. And in the other case, the reduction began in the last month of the quarter. These reductions in demand from these two large customers account for more than 100% of the difference in revenue between our first and third quarters this year."
This is why I wasn’t in a rush to get back in to CPSH, since I figured they had a few more rough quarters ahead. Also, I see people referring to CPSH as an EV company. They make components that could be potentially used in some EV, but that’s about it as it to pertains to EV to my knowledge.
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Post by magnus123 on Jan 13, 2021 9:11:10 GMT
I heard that someone pushed it on youtube. It makes zero sense to argue with fundamentals at this point.
So many irrational moves. Don't sell anything right now. Cash is the enemy....
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Post by lcd on Jan 13, 2021 14:09:44 GMT
Unless CPSH is announcing a DoD contract, like they hinted at during last quarter's report, then $6 is way overpriced for a company that is definitely going to have a worse Q4 than their Q3. I don't short stocks, but this one seems very ripe for a short. Not sure if it will go all the way back down into the low $2s, but without news yesterday's buyers are going to lose a lot of money soon.
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Post by JHam on Jan 13, 2021 14:45:49 GMT
Unless CPSH is announcing a DoD contract, like they hinted at during last quarter's report, then $6 is way overpriced for a company that is definitely going to have a worse Q4 than their Q3. I don't short stocks, but this one seems very ripe for a short. Not sure if it will go all the way back down into the low $2s, but without news yesterday's buyers are going to lose a lot of money soon. Looks like the dump is on. |
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Post by magnus123 on Jan 13, 2021 15:25:50 GMT
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Post by lcd on Jan 13, 2021 15:35:42 GMT
It looked like the dump was on, then it spiked to almost $8 before a trading halt was implemented due to volatility. I don't understand those rules, but this is crazy.
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Post by JHam on Jan 13, 2021 15:36:15 GMT
Um, yeah never mind...
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Post by JHam on Jan 13, 2021 15:41:38 GMT
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Post by magnus123 on Jan 13, 2021 16:07:36 GMT
Yeah  I was actually short at $6.44 and was so lucky to close the position at $6.80. Insane! |
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Post by JHam on Jan 13, 2021 16:20:14 GMT
Yeah I was actually short at $6.44 and was so lucky to close the position at $6.80. Insane! Dangerous move, but glad you were able to close out. |
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Post by lcd on Jan 13, 2021 16:25:17 GMT
The guy in that video is an idiot. Do people actually invest based on his posts? He said the stock has been flat for 20 years?! It went up over 200% in 2020. I only listened to the first half before I got bored and dropped it. He basically just argues that this company is in several trendy markets, so investors should buy it, even if it is up over 600% from 12 months ago with minimal revenue increase to match.
Maybe we need to move this board to YouTube and just start making videos of ourselves talking about the stocks? We might make some money on the side from advertisers?
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Post by JHam on Jan 13, 2021 16:30:59 GMT
The guy in that video is an idiot. Do people actually invest based on his posts? He said the stock has been flat for 20 years?! It went up over 200% in 2020. I only listened to the first half before I got bored and dropped it. He basically just argues that this company is in several trendy markets, so investors should buy it, even if it is up over 600% from 12 months ago with minimal revenue increase to match. Maybe we need to move this board to YouTube and just start making videos of ourselves talking about the stocks? We might make some money on the side from advertisers? That would be hilarious. |
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Post by lcd on Jan 13, 2021 16:36:44 GMT
Except, I am too old to be trusted by the Robinhood investors.
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Post by wanderer on Jan 14, 2021 1:56:34 GMT
$8.65 after market? And of course I sold 3/4 of my position. Gonna be another CLSK for me
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Post by JHam on Jan 14, 2021 1:59:32 GMT
$8.65 after market? And of course I sold 3/4 of my position. Gonna be another CLSK for meAnd me too. What was your sell price? |
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Post by wanderer on Jan 14, 2021 4:08:51 GMT
$6.11 but I can’t be too mad with 250%
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Post by JHam on Jan 14, 2021 4:54:31 GMT
$6.11 but I can’t be too mad with 250% Heck no. Congrats! The difference between CLSK and CPSH is at least CLSK was posting PRs every day. If there is no news behind this than management will have to come out and say something. |
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Post by lcd on Jan 14, 2021 16:00:07 GMT
On twitter, there are lots of traders talking about Air Industries Group($AIRI) being in a similar space as $CPSH and hoping it explodes too. Has anyone looked into $AIRI? From my initial research it is only focused on aerospace and not EV, but it is similarly sized compared to $CPSH up until last week. They did just settle a lawsuit that required a payment to a business partner that I haven't studied further.
I might be grasping at straws, but with the market being as crazy as it is right now, I would like to find the next trendy stock to put some gambling money into. It seems like EV, infrastructure, and alternative energy stocks are getting a lot of speculative chatter due to the incoming Biden administration.
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Damn I’m sorry. I wonder what the news is.
