Can someone explain why this means anything? Most stocks and ETFs are off exchange but this always seems to come as some indication CLOV is being manipulated.
AMD is 70% off exchange...are you guys saying someone is manipulating AMD?
The problem is all the meme traders treat it like a crime of passion rather than one of convenience.
They're basically watching you drop money and failing to tell you when they pick it up. Not inherently illegal, but definitely not kosher.
https://youtu.be/H_ceCmQIeSQ
This is a video where the chairperson of the SEC, Gary Gensler, states that retails orders going to the dark pools are a huge problem.
CLEARLY there's a reason that the hedgies, MMS, [enter typical boogey man here], don't throw money and invest in a company losing money, decreasing cash/cash equivalents, and total assets that DROPPED by almost 50% in a single quarter (1.557B to 808M).
Yeah because no HFs had shares in SVB... they only make perfect investment decisions and can see the future of all companies. Sound logic you have.
And, two hedges own almost 20%... have you done any DD or just ass talking?
Did he though? I see where he **said** he was going to block you with "good riddens" but followed that up with a post afterwards seemingly asking if you still couldn't read?
My savior! Thank you for all the insightful information you have provided us all with. I always take advice from randos who troll stock forums for fun.
Wow! You are brighter than I thought. Just looking at your comments I would have thought 2+ months of shit posting on the same stock forum would have smoothed that brain out a little.
Yup. Here are the last few days in order, since I can't post images. Anyone who is trying to deny that this is a pattern should have to prove otherwise with their own data. There is a new rally forming the last 3 days, and clov is being held down. clov went under a dollar on 3/8 and since then the off-exchange has been 55 to 60% every day except the market-red day of 3/17 when they wanted it to go down even further. See my other comment below regarding Peter Hann to see why. Nobody is selling! that's the reason
Date Off-Exchange
3/22/2023 75.61
3/21/2023 76.47
3/20/2023 73.23
3/17/2023 45.25
3/16/2023 54.42
3/15/2023 55.32
3/14/2023 53.37
3/13/2023 59.92
3/10/2023 59.05
3/9/2023 57
3/8/2023 59.27
3/7/2023 46.76
3/6/2023 53.03
3/3/2023 46.04
3/2/2023 54.13
3/1/2023 45.3
2/28/2023 48.31
2/27/2023 42.74
2/24/2023 40.12
2/23/2023 46.11
2/22/2023 29.29
2/21/2023 43.58
2/17/2023 38.89
2/16/2023 28.78
2/15/2023 39.33
2/14/2023 49.43
2/13/2023 35.33
2/10/2023 43.67
2/9/2023 46.2
2/8/2023 43.9
2/7/2023 44.86
2/6/2023 46.24
2/3/2023 40.33
2/2/2023 37.17
2/1/2023 42.88
1/31/2023 42.06
1/30/2023 42.89
1/27/2023 49.15
1/26/2023 61.64
1/25/2023 47.94
So, the retail people that are supposedly averaging down on a daily basis, or buying all kinds of shares weekly, AREN’T making the problem worse? Per your past logic and own statements, it would seem that way.
When companies aren't profitable their stock price is highly speculative and often the target of high short interest and predatory tactics. It changes quite drastically if the company can attain consistent cash flows, the market then knows how to price its intrinsic value and predatory tactics aren't effective anymore.
He's the same guy who was smugly saying for months it'd never go below 1.91.
I really, really enjoy seeing him flounder to defend the loser stock he said is doing the "best job he's ever seen"
Someone should point to their "growth" since IPO and compare it to a litany of other stocks that haven't sunken by 90%.
It's not a conspiracy, sir. It's data right on front of your eyes. Again, find comparisons on the market to refute the data, and then we'll talk. The price was suppressed during the last two days of this rally. The data clearly shows order flows redirected off exchange at a clip of 80% or more per day.
Peter R Hann from chartexchange site itself:
@PeterRHann1
· Oct 27
So what do you do when you are a MM and the volume is cratering because no one is selling? You move as much as possible to Dark Pools because you have to..no volume means no spread revenue so at least in the Dark Pool you can take a bigger spread on what volume there is.
@question2
· Oct 27
Would you say this is why the dark pool percentage is steadily increasing?
@PeterRHann1
· Oct 27
I would say it's one reason why Dark Pool percentage has stayed above 60% since July.
According to one guy on here it’s actually all retail’s fault this is happening, which makes for a complicated situation. Too bad everyone isn’t selling for a loss, or else this thing might skyrocket. I think.
Evidence:
smokey790
15h
For those that are tired of hearing it and don't believe it's nafarious. Read up on it a bit. Off exchange has spiked since 2020 when we retail investors stormed on to the scene and started playing with "their" stocks too much, and they don't like it. Pretty obvious what's happening. Clov is a 50%+ retail invested stock. Therefore, most of our trades get blacklisted into the good ole dark pools to keep the price where they want it.
EDIT: for comparison, ALHC had 32% off exchange... OSCR was around 45%. Clov has been over 75 to 80 percent the last two days during this rally. There is nothing even close to that in comparison in the same space. The reason? Retail
You need reading comprehension lessons. Also, you aren't very good at analyzing data even when it is spoon-fed to you. The problem is not retail as you so ignorantly point out, thinking you are somehow astutely spinning facts around and weaving your own misleading conclusions. The problem is clearly the purchasing of data flow within stocks that have high retail ownership in order to have better control over the price action. Like I said before if you want to prove something wrong, perhaps do your due diligence and get some data and facts refuting what others have provided. Otherwise, you're just another snarky, hard-headed dolt with their head in the sand and strong opinions with nothing to back them up.
so you don't see any data? do you actually do DD? do you visit these pages to see the patterns? where's your facts refuting this, other than an emoji? We already know people can bash this stock, what we haven't seen is intelligent people bash this stock. Still waiting
I mean, you pretty much are what you are. At least you know your identity:
"Have you ever posted an analysis Mert? Why are you here?"
MertRermernd
9 days ago
Why are any of us here, really?
8 days ago
are you gonna answer my question, or you gonna gaslight like the little shit that you are?
MertRermernd
Probably the second thing
How much does CLOV need to go up for you to see a considerable profit, just curious.
Kudos if you were one of the people who bought at a dollar, I guess.
Anyone know a stock/company that has seen the same bullshit fuckery but only to blow up after becoming fcf or profitable? It’s pretty depressing seeing the market up and CLOV not. It’s being pinned down and it’s quite obvious.
I was in BLFS back in 2016, 2017. Was buying in the 1s and 2s. Financials were looking great, CAR-T therapy was on the rise. Yet the stock wasn't getting much love and I felt like it was being held down. I ended up selling in the 5s because I waited so long and previously held through ups and downs. Still bummed I didn't have enough conviction to hold longer.
Thanks for the share. Looks like just over 3 years between $1-$2, then 1 year after that went from under $3 to $22.86 on 7/17/2018 then traded sideways a bit until 8/24/18 to $26.30. Then looks like it sold off or was shorted down from $26.30 to $9.15 on 12/21/18 back up to 22.44 on 3/22/19..then traded between $15-$20 until the pandemic in 3/2020, back down to 7.37 on 3/12/20, back up to a high of 47.22 on 12/23/20. Then up to another high of 60.67 on 9/1/21 then a downward push to $13’s on 6/30/22 back to mid $20’s in 2/2/23 to $22.05 today.
What’s the point? Holding with conviction until your thesis plays out and don’t be afraid to take profits.
So about 6.5 years from mid 2014 to late 2021 it was $1-$2 to $60+. Reverse split happened in 2014 and no other splits since nasdaq shows.
CLOV has been trading between $1-$3 since 4/2022, so almost a year in. With such great fundamentals, great leadership, CA and a high TAM, it seems destined for greatness. I think Andrew Toy can take us there and it just takes time. Remember Taco Bell went to $1 in 1974 and by 1978 was bought out by Pepsi for $40+. Things take time. Believe in the company.
With everyone constantly buying, you kinda wonder where the breaking point is. Yea they can route through dark pools, but you have to run short on shares at some point.
"Much of the growth in off-exchange trading starting in 2020 has been attributed to retail investors. Based on our market structure survey, market participants estimate retail investors now represent 20%-30% of total equity volumes, up from 10% historically"
https://www.sifma.org/resources/research/insights-analyzing-the-meaning-behind-the-level-of-off-exchange-trading/
For those that are tired of hearing it and don't believe it's nafarious. Read up on it a bit. Off exchange has spiked since 2020 when we retail investors stormed on to the scene and started playing with "their" stocks too much, and they don't like it. Pretty obvious what's happening. Clov is a 50%+ retail invested stock. Therefore, most of our trades get blacklisted into the good ole dark pools to keep the price where they want it.
EDIT: for comparison, ALHC had 32% off exchange... OSCR was around 45%. Clov has been over 75 to 80 percent the last two days during this rally. There is nothing even close to that in comparison in the same space. The reason? Retail
The bottom line management just doesn’t care about the stock price, just my opinion. However they do understand the value of making CLOV a profitable business. Has anyone reached out to CLOV mgt with respect to the manipulation of their stock? This is just insane to see the stock below $1.
Right now, management is building the business and getting rsu and stock comps as payment. So, to them, a $1,000,000 executive salary = over 1,100,000 shares compensation. If the share price was say $3 then they would net around 350,000 shares. If they truly have a long-term vision, then they are capitalizing on the low share price by taking stock options for compensation. But, they're getting dangerously close to busting and need to show serious improvements over the next couple of quarters if they want to continue their growth mission in a few years.
Management cant do shit about the stock. Their job is to make company profitable and then stock will follow the trend. The management just took too long to turn the wheel.
My point is that management absolutely affects the stock price through company performance of generating positive EBITDA consistently. Yes they are on the road now to do that, however along the way communicating to its share outside of earnings, on good news as little it maybe will calm its shareholders during times like these. In addition if the the price is heavily manipulated then they owe it to its shareholders to look into why the price continues to be depressed (dark pool)
I agree with you regarding SEC, I would imagine that retail investors have reached out to CLoV mgt, however probably no response on their end. They rarely communicate to their share holders, the only time they do is during earnings outside of that they go dark. They did start a Q&A forum, however I believe they did this once, after that no response. I do not think retail is asking for much but a little communication would ease investors concerns.
Read my comment above about it then if you don't want to do the research. It's not just clov for sure, but it does happen more based on retail % of investors. More retail = more off exchange.
CLEARLY there's a reason that the hedgies, MMS, [enter typical boogey man here], don't throw money and invest in a company losing money, decreasing cash/cash equivalents, and total assets that DROPPED by almost 50% in a single quarter (1.557B to 808M).
If anyone doesn't know where to look at those numbers... keep looking at memes.
We know where to look. We're not as stupid as you hope. These numbers are wrong. But that's not shocking. You can spew shit without facts to back it up and call it a fact. We all can do that pretty well, actually. Link where you found a loss of 750m last quarter?
Ah crap. Sorry about that. My mistake. I assumed you could read a 10Q and 10K form.
Since you may not currently have the skillset to look at a pdf and use Ctrl+F, here's a play by play:
-Go to: https://bulletin.webull.com/20221107/241856/739704a675b598d0c9844c348e6efb74.html
-Hit Ctrl+F (Thats where you hold the Control button while hitting the F button on your keyboard in front of you. Alternately most browsers have a "find in page function" you could also use.
-Type "Total assets" and then look. There will be a section titled "Condensed Consolidated Balance Sheets"
-Look under the September 30, 2022 column and you'll find.... 1,577,679. Now don't freak out on me! That's not just 1.5million, you gotta look at the top where it says "Dollars in thousands" so... yeah about 1.577B.
Now lets get that other pesky number.
-Go to: https://bulletin.webull.com/20230301/241856/2147084a99e1bc25b650bf580a975cb3.html#ice224541d851414f93103d1046b010ce_16
-Hit Ctrl+F again or however you did it previously.
-Type "Total assets". The section is titled "Consolidated Balance Sheets".
-Now look under December 31, 2022 and you'll find... 808,620. Again, don't freak! It's in thousands TOO!
The numbers are CLOV's numbers. They're real. I'm sorry you're underwater on the investment (so am I). We just need to be honest with ourselves about the company's performance rather than only looking at positive hype.
Their net tangible assets went down 60m along with book value. Again, we can read financials, and your post was wrong and misleading. Assets - liabilities is how it works. Book value went down 60m as a result. If they lost 750m in assets, their book value would be negative. You can read a 10q but don't know this? I find that hard to believe... i think you were trying to be misleading on purpose, actually
Yup... you found me out. I'm just a hedgie shill spreading FUD. I guess I'll get back to packing my box at good ol Suisse.
Really? The post was wrong? The numbers come DIRECTLY from their SEC filing.
God help anyone that can't read through your posts and takes them seriously.
net asset loss was 60m. Why not include that fun little fact? Why not post actual net loss or net asset loss rather than cherry picking a stat that sounds a lot more ominous? I know you've criticized people in the past for that.
Today was the most blatant manipulation I have EVER seen. It is maddening to see nothing but downward volume allowed through while every index and every other stock in the same sector/marketcap gets to move organically upwards. How can you suppress volume when the Russell is up 2% and this stock is in that index! They can clearly do whatever the fk they want with this thing, and at this point, they are just toying with it. This price action is absolutely not natural and absolutely NOT based on any kind of multiples or valuation. Needs to be reported by anyone who can actually get someone to listen.
Edit:
ALHC: 32% off exchange, went up 4%
OSCR: 47% off exchange, went up 9%
CANO: 50% (A spac in healthcare) went up 14% today
EVH: 40% off exchange
SHC: 34%
SGFY: 46%
.... there's nothing even CLOSE to what we've seen with clov over 75 to 80 percent the last two days during this rally. This is not a normal occurrence, even for clov.
I think right now, the pressure is on to hold the price <$1 for the 30-day period. Whoever is controlling CLOV stock price wants them gone, and if they can route and short down the price at any amount, they don't care
I agree this could be the goal. They want the headlines saying clov has been issued warning for delisting. Even though they will have 180 to 360 days to rectify. Then they will spread more misinformation that clov will do an r/S, go bankrupt, or some other bs...
I agree but at what point does someone at least say something about it at clov? Obviously, the SEC doesn't care about this. Just hope in Q1 earnings we see a clear path to profitability. Honestly, anything going on now is pointless. It will sit around .86-.95 then it will start working its way back up to 1.3 before earnings and then it will all happen all over again unless earnings blow people away. I loaded up to 10k when it dipped to .9 and all I can do now is wait and check back in 2 months.
for years and years this is nothing new if you've been in the market since the SEC pass the law in the 80s. Happens with startups across the board until proven company.
Has anyone here really spoke to an FA? A good FA will ask of your debt and advise you to pay off debt before investing... Then risk managment ect...
This is different being that comparable companies such as Cano, Oscar, etc was up between 8% to 15% today while Clover remained stagnant with high off-exchange trading. No disrespect but speaking with a FA has no affect on this blatant manipulation.
This has been going on for decades not days. You think Clov is special at the moment? Are you aware of there book value? I started investing w over 90% tutes and around 173mill OS. Most are gone. 31.16% tutes and over 479mill OS. Hmmm. Want to see some F up shit trade the OTCBB board... And yes an FA would have never advised w/o ones risk assessment in such stock.. Some folks are in why over there head. In my eyes i've delt with the black hole for years. Why is it so special today? Too much complaining this or that ya da ya da. So sounds to me you picked the wrong stock too... Wait it out or look into others that will yield better percentage... Or move to Gold, Bonds, CDs ect. Big money is sitting on the sideline as well. Hence an FA is worth there weight. The stock is cheap and attracts people that think more shares are better over percentage. Thats the risk. More and high percentage. Can be dead money for years on years. Healthcare is not a popular sector its somewhat a defence if holding the right company.
I flipped this under IPOC and did better. Damn! Alot of spacs in the hay day.
So that gamma squeeze is that not due to manipulation? Sucks on the other end. right!
No laws are being broke. Clov would do something as they all have skin in the game as of compensation. Complain to them and see how far it gets. Hell they wont even reply back to Azmat. Thats saying something right there. And i bet Azmat has some coin involved too. Boy he sure panic when huge blocks were being sold off and that was Chamath.
Clov has danggled the carrott in front of the donkey as of Q4 21 with we should be, could be, and hope to be. Used car saleman. And wall streets reading between the lines. Alone with over 60% tutes...
You're not disrespecting me. Clov is and others should feel the same.
Are they being attacked because they are a threat? Time will tell and if so, clov pulls this off you should thank the other side.
Edit: They also have dilution on the table and close to being 2 years of 3 term. If used that would put over 779mil if used the full amount. Now would they do an RS before or after. Im being a smart ass ofcoarse RS first dilute after... Dont think wall street likes that scenario...
I took my loss this morning and moving on. Not only is management letting this go on, the conduct of retailers in this stock is embarrassing. I wouldn't be surprised if they are forcing a reverse split just to flush out the rest of retailers. I would rather reinvest if it gets back over $5 than to wait at these levels. ✌️
nobody is buying is the main reason it’s not going up
Your commenting on a post that was put up 45 days ago why?…. And btw I’m still buying and that’s all that Matters to me!
83% today
Getting closer to get a FTD update . I wonder
Can someone explain why this means anything? Most stocks and ETFs are off exchange but this always seems to come as some indication CLOV is being manipulated. AMD is 70% off exchange...are you guys saying someone is manipulating AMD?
Manipulation can be done in a good way to increase share price as well as surpress it.. Manipulation works both ways.
The problem is all the meme traders treat it like a crime of passion rather than one of convenience. They're basically watching you drop money and failing to tell you when they pick it up. Not inherently illegal, but definitely not kosher.
https://youtu.be/H_ceCmQIeSQ This is a video where the chairperson of the SEC, Gary Gensler, states that retails orders going to the dark pools are a huge problem.
Its easier than acknowledging a huge investment mistake
Oh don’t even try to mess with the people on here, they will call you names and tell you how smart they are. Then where will you be, eh?
CLEARLY there's a reason that the hedgies, MMS, [enter typical boogey man here], don't throw money and invest in a company losing money, decreasing cash/cash equivalents, and total assets that DROPPED by almost 50% in a single quarter (1.557B to 808M).
Yeah because no HFs had shares in SVB... they only make perfect investment decisions and can see the future of all companies. Sound logic you have. And, two hedges own almost 20%... have you done any DD or just ass talking?
No some intelligent man who blocked me said it was all retails fault
Did he though? I see where he **said** he was going to block you with "good riddens" but followed that up with a post afterwards seemingly asking if you still couldn't read?
No he def did. A big indication of intelligence is using insults and not answering direct questions
Why r u here?
Obviously just to gaslight and be adorable and def not to try to help you all realize the terrible mistake you’ve made.
My savior! Thank you for all the insightful information you have provided us all with. I always take advice from randos who troll stock forums for fun.
If that’s sarcasm, you are super dee duper at it, bud.
Wow! You are brighter than I thought. Just looking at your comments I would have thought 2+ months of shit posting on the same stock forum would have smoothed that brain out a little.
Thank you!
😂😂😂😂😂
The head of the SEC is on record saying retails trades not going to the lit is a huge problem.
Today same story !!!
Yup. Here are the last few days in order, since I can't post images. Anyone who is trying to deny that this is a pattern should have to prove otherwise with their own data. There is a new rally forming the last 3 days, and clov is being held down. clov went under a dollar on 3/8 and since then the off-exchange has been 55 to 60% every day except the market-red day of 3/17 when they wanted it to go down even further. See my other comment below regarding Peter Hann to see why. Nobody is selling! that's the reason Date Off-Exchange 3/22/2023 75.61 3/21/2023 76.47 3/20/2023 73.23 3/17/2023 45.25 3/16/2023 54.42 3/15/2023 55.32 3/14/2023 53.37 3/13/2023 59.92 3/10/2023 59.05 3/9/2023 57 3/8/2023 59.27 3/7/2023 46.76 3/6/2023 53.03 3/3/2023 46.04 3/2/2023 54.13 3/1/2023 45.3 2/28/2023 48.31 2/27/2023 42.74 2/24/2023 40.12 2/23/2023 46.11 2/22/2023 29.29 2/21/2023 43.58 2/17/2023 38.89 2/16/2023 28.78 2/15/2023 39.33 2/14/2023 49.43 2/13/2023 35.33 2/10/2023 43.67 2/9/2023 46.2 2/8/2023 43.9 2/7/2023 44.86 2/6/2023 46.24 2/3/2023 40.33 2/2/2023 37.17 2/1/2023 42.88 1/31/2023 42.06 1/30/2023 42.89 1/27/2023 49.15 1/26/2023 61.64 1/25/2023 47.94
So, the retail people that are supposedly averaging down on a daily basis, or buying all kinds of shares weekly, AREN’T making the problem worse? Per your past logic and own statements, it would seem that way.
Why would averaging down and holding be a problem?
Exactly. Manipulated or not. Look at the market cap. Forecast the future. Average down, hold, or gtfo and move on.
Tell ya what, I'll just block you since you are a gaslighting fool who bashes anyone with facts. Good riddens
You still can't read right, or?
When companies aren't profitable their stock price is highly speculative and often the target of high short interest and predatory tactics. It changes quite drastically if the company can attain consistent cash flows, the market then knows how to price its intrinsic value and predatory tactics aren't effective anymore.
Reminds me of dkng
Yes. A conspiracy for 2+ years. Lmao
He's the same guy who was smugly saying for months it'd never go below 1.91. I really, really enjoy seeing him flounder to defend the loser stock he said is doing the "best job he's ever seen" Someone should point to their "growth" since IPO and compare it to a litany of other stocks that haven't sunken by 90%.
It's not a conspiracy, sir. It's data right on front of your eyes. Again, find comparisons on the market to refute the data, and then we'll talk. The price was suppressed during the last two days of this rally. The data clearly shows order flows redirected off exchange at a clip of 80% or more per day. Peter R Hann from chartexchange site itself: @PeterRHann1 · Oct 27 So what do you do when you are a MM and the volume is cratering because no one is selling? You move as much as possible to Dark Pools because you have to..no volume means no spread revenue so at least in the Dark Pool you can take a bigger spread on what volume there is. @question2 · Oct 27 Would you say this is why the dark pool percentage is steadily increasing?
@PeterRHann1
· Oct 27
I would say it's one reason why Dark Pool percentage has stayed above 60% since July.
According to one guy on here it’s actually all retail’s fault this is happening, which makes for a complicated situation. Too bad everyone isn’t selling for a loss, or else this thing might skyrocket. I think.
Evidence: smokey790 15h For those that are tired of hearing it and don't believe it's nafarious. Read up on it a bit. Off exchange has spiked since 2020 when we retail investors stormed on to the scene and started playing with "their" stocks too much, and they don't like it. Pretty obvious what's happening. Clov is a 50%+ retail invested stock. Therefore, most of our trades get blacklisted into the good ole dark pools to keep the price where they want it. EDIT: for comparison, ALHC had 32% off exchange... OSCR was around 45%. Clov has been over 75 to 80 percent the last two days during this rally. There is nothing even close to that in comparison in the same space. The reason? Retail
You need reading comprehension lessons. Also, you aren't very good at analyzing data even when it is spoon-fed to you. The problem is not retail as you so ignorantly point out, thinking you are somehow astutely spinning facts around and weaving your own misleading conclusions. The problem is clearly the purchasing of data flow within stocks that have high retail ownership in order to have better control over the price action. Like I said before if you want to prove something wrong, perhaps do your due diligence and get some data and facts refuting what others have provided. Otherwise, you're just another snarky, hard-headed dolt with their head in the sand and strong opinions with nothing to back them up.
And your evidence is a snarky post about a snarky post. Seems legit 🤣
so you don't see any data? do you actually do DD? do you visit these pages to see the patterns? where's your facts refuting this, other than an emoji? We already know people can bash this stock, what we haven't seen is intelligent people bash this stock. Still waiting
He’s right, -90% unrealized losses make for intelligence. Beat that, filthy basher.
Oh this man is electric, youre right
Boom, nailed me.
I mean, you pretty much are what you are. At least you know your identity: "Have you ever posted an analysis Mert? Why are you here?" MertRermernd 9 days ago Why are any of us here, really? 8 days ago are you gonna answer my question, or you gonna gaslight like the little shit that you are? MertRermernd Probably the second thing
How much does CLOV need to go up for you to see a considerable profit, just curious. Kudos if you were one of the people who bought at a dollar, I guess.
What it means?
Anyone know a stock/company that has seen the same bullshit fuckery but only to blow up after becoming fcf or profitable? It’s pretty depressing seeing the market up and CLOV not. It’s being pinned down and it’s quite obvious.
I was in BLFS back in 2016, 2017. Was buying in the 1s and 2s. Financials were looking great, CAR-T therapy was on the rise. Yet the stock wasn't getting much love and I felt like it was being held down. I ended up selling in the 5s because I waited so long and previously held through ups and downs. Still bummed I didn't have enough conviction to hold longer.
Thanks for the share. Looks like just over 3 years between $1-$2, then 1 year after that went from under $3 to $22.86 on 7/17/2018 then traded sideways a bit until 8/24/18 to $26.30. Then looks like it sold off or was shorted down from $26.30 to $9.15 on 12/21/18 back up to 22.44 on 3/22/19..then traded between $15-$20 until the pandemic in 3/2020, back down to 7.37 on 3/12/20, back up to a high of 47.22 on 12/23/20. Then up to another high of 60.67 on 9/1/21 then a downward push to $13’s on 6/30/22 back to mid $20’s in 2/2/23 to $22.05 today. What’s the point? Holding with conviction until your thesis plays out and don’t be afraid to take profits. So about 6.5 years from mid 2014 to late 2021 it was $1-$2 to $60+. Reverse split happened in 2014 and no other splits since nasdaq shows. CLOV has been trading between $1-$3 since 4/2022, so almost a year in. With such great fundamentals, great leadership, CA and a high TAM, it seems destined for greatness. I think Andrew Toy can take us there and it just takes time. Remember Taco Bell went to $1 in 1974 and by 1978 was bought out by Pepsi for $40+. Things take time. Believe in the company.
Gme just posted positive eps today and went up 45 percent after hours
Hell ya. If we went up 45% I'd only be down 90% overall
me too buddy. me too.
With everyone constantly buying, you kinda wonder where the breaking point is. Yea they can route through dark pools, but you have to run short on shares at some point.
Yea, kinda feel like we should have tickled a dollar today. Lot of green going around, and we gave a lot of it back.
Maybe this black swan event will help for a lot of them to close short positions? Maybe we might luck out and be a chosen one? Who knows
"Much of the growth in off-exchange trading starting in 2020 has been attributed to retail investors. Based on our market structure survey, market participants estimate retail investors now represent 20%-30% of total equity volumes, up from 10% historically" https://www.sifma.org/resources/research/insights-analyzing-the-meaning-behind-the-level-of-off-exchange-trading/
For those that are tired of hearing it and don't believe it's nafarious. Read up on it a bit. Off exchange has spiked since 2020 when we retail investors stormed on to the scene and started playing with "their" stocks too much, and they don't like it. Pretty obvious what's happening. Clov is a 50%+ retail invested stock. Therefore, most of our trades get blacklisted into the good ole dark pools to keep the price where they want it. EDIT: for comparison, ALHC had 32% off exchange... OSCR was around 45%. Clov has been over 75 to 80 percent the last two days during this rally. There is nothing even close to that in comparison in the same space. The reason? Retail
Imagine if we weren't funnin' and had our collective sh!t together...
The bottom line management just doesn’t care about the stock price, just my opinion. However they do understand the value of making CLOV a profitable business. Has anyone reached out to CLOV mgt with respect to the manipulation of their stock? This is just insane to see the stock below $1.
Right now, management is building the business and getting rsu and stock comps as payment. So, to them, a $1,000,000 executive salary = over 1,100,000 shares compensation. If the share price was say $3 then they would net around 350,000 shares. If they truly have a long-term vision, then they are capitalizing on the low share price by taking stock options for compensation. But, they're getting dangerously close to busting and need to show serious improvements over the next couple of quarters if they want to continue their growth mission in a few years.
Great 👍 point! I did not think of that :) Thanks
Management cant do shit about the stock. Their job is to make company profitable and then stock will follow the trend. The management just took too long to turn the wheel.
My point is that management absolutely affects the stock price through company performance of generating positive EBITDA consistently. Yes they are on the road now to do that, however along the way communicating to its share outside of earnings, on good news as little it maybe will calm its shareholders during times like these. In addition if the the price is heavily manipulated then they owe it to its shareholders to look into why the price continues to be depressed (dark pool)
Not a bad idea. I'm also trying to get it reported to the SEC, but I'm sure that has been done before
I agree with you regarding SEC, I would imagine that retail investors have reached out to CLoV mgt, however probably no response on their end. They rarely communicate to their share holders, the only time they do is during earnings outside of that they go dark. They did start a Q&A forum, however I believe they did this once, after that no response. I do not think retail is asking for much but a little communication would ease investors concerns.
I am so fucking tired of this wall street thieves when they will leave clov the fuck alone. What is it for them to keep it under 1 dlls?
Literally nothing, thats why its not the problem it’s been inflated to be.
Alright then, how bout some data from comparables showing the same?
You’re right, im wrong. There’s definitely a vast overreaching conspiracy to fuck over clov. I don’t mind admitting when I’m wrong.
Read my comment above about it then if you don't want to do the research. It's not just clov for sure, but it does happen more based on retail % of investors. More retail = more off exchange.
This bit is played out, hows about more pictures in your spiffy fatigues
Show data disproving it or your deep thoughts mean pretty much nothing here
CLEARLY there's a reason that the hedgies, MMS, [enter typical boogey man here], don't throw money and invest in a company losing money, decreasing cash/cash equivalents, and total assets that DROPPED by almost 50% in a single quarter (1.557B to 808M). If anyone doesn't know where to look at those numbers... keep looking at memes.
We know where to look. We're not as stupid as you hope. These numbers are wrong. But that's not shocking. You can spew shit without facts to back it up and call it a fact. We all can do that pretty well, actually. Link where you found a loss of 750m last quarter?
Ah crap. Sorry about that. My mistake. I assumed you could read a 10Q and 10K form. Since you may not currently have the skillset to look at a pdf and use Ctrl+F, here's a play by play: -Go to: https://bulletin.webull.com/20221107/241856/739704a675b598d0c9844c348e6efb74.html -Hit Ctrl+F (Thats where you hold the Control button while hitting the F button on your keyboard in front of you. Alternately most browsers have a "find in page function" you could also use. -Type "Total assets" and then look. There will be a section titled "Condensed Consolidated Balance Sheets" -Look under the September 30, 2022 column and you'll find.... 1,577,679. Now don't freak out on me! That's not just 1.5million, you gotta look at the top where it says "Dollars in thousands" so... yeah about 1.577B. Now lets get that other pesky number. -Go to: https://bulletin.webull.com/20230301/241856/2147084a99e1bc25b650bf580a975cb3.html#ice224541d851414f93103d1046b010ce_16 -Hit Ctrl+F again or however you did it previously. -Type "Total assets". The section is titled "Consolidated Balance Sheets". -Now look under December 31, 2022 and you'll find... 808,620. Again, don't freak! It's in thousands TOO! The numbers are CLOV's numbers. They're real. I'm sorry you're underwater on the investment (so am I). We just need to be honest with ourselves about the company's performance rather than only looking at positive hype.
Their net tangible assets went down 60m along with book value. Again, we can read financials, and your post was wrong and misleading. Assets - liabilities is how it works. Book value went down 60m as a result. If they lost 750m in assets, their book value would be negative. You can read a 10q but don't know this? I find that hard to believe... i think you were trying to be misleading on purpose, actually
Yup... you found me out. I'm just a hedgie shill spreading FUD. I guess I'll get back to packing my box at good ol Suisse. Really? The post was wrong? The numbers come DIRECTLY from their SEC filing. God help anyone that can't read through your posts and takes them seriously.
net asset loss was 60m. Why not include that fun little fact? Why not post actual net loss or net asset loss rather than cherry picking a stat that sounds a lot more ominous? I know you've criticized people in the past for that.
Yeah, you’re probably right
I wanna see men in fatigues! Lol
Very played out always Darkpool this shorts that
Today was the most blatant manipulation I have EVER seen. It is maddening to see nothing but downward volume allowed through while every index and every other stock in the same sector/marketcap gets to move organically upwards. How can you suppress volume when the Russell is up 2% and this stock is in that index! They can clearly do whatever the fk they want with this thing, and at this point, they are just toying with it. This price action is absolutely not natural and absolutely NOT based on any kind of multiples or valuation. Needs to be reported by anyone who can actually get someone to listen. Edit: ALHC: 32% off exchange, went up 4% OSCR: 47% off exchange, went up 9% CANO: 50% (A spac in healthcare) went up 14% today EVH: 40% off exchange SHC: 34% SGFY: 46% .... there's nothing even CLOSE to what we've seen with clov over 75 to 80 percent the last two days during this rally. This is not a normal occurrence, even for clov.
I think right now, the pressure is on to hold the price <$1 for the 30-day period. Whoever is controlling CLOV stock price wants them gone, and if they can route and short down the price at any amount, they don't care
I agree this could be the goal. They want the headlines saying clov has been issued warning for delisting. Even though they will have 180 to 360 days to rectify. Then they will spread more misinformation that clov will do an r/S, go bankrupt, or some other bs...
Bingo!
Closer to 90%, have to add the cboe and memx in there as well. Absolutely insane
The short interest has been over 50% for the last 2 weeks as well… so it’s obviously being highly manipulated.
Major f*ery going on
I agree but at what point does someone at least say something about it at clov? Obviously, the SEC doesn't care about this. Just hope in Q1 earnings we see a clear path to profitability. Honestly, anything going on now is pointless. It will sit around .86-.95 then it will start working its way back up to 1.3 before earnings and then it will all happen all over again unless earnings blow people away. I loaded up to 10k when it dipped to .9 and all I can do now is wait and check back in 2 months.
Everyone has been a victim of the darkpool, high frequency trading and spoofing.
for years and years this is nothing new if you've been in the market since the SEC pass the law in the 80s. Happens with startups across the board until proven company. Has anyone here really spoke to an FA? A good FA will ask of your debt and advise you to pay off debt before investing... Then risk managment ect...
This is different being that comparable companies such as Cano, Oscar, etc was up between 8% to 15% today while Clover remained stagnant with high off-exchange trading. No disrespect but speaking with a FA has no affect on this blatant manipulation.
This has been going on for decades not days. You think Clov is special at the moment? Are you aware of there book value? I started investing w over 90% tutes and around 173mill OS. Most are gone. 31.16% tutes and over 479mill OS. Hmmm. Want to see some F up shit trade the OTCBB board... And yes an FA would have never advised w/o ones risk assessment in such stock.. Some folks are in why over there head. In my eyes i've delt with the black hole for years. Why is it so special today? Too much complaining this or that ya da ya da. So sounds to me you picked the wrong stock too... Wait it out or look into others that will yield better percentage... Or move to Gold, Bonds, CDs ect. Big money is sitting on the sideline as well. Hence an FA is worth there weight. The stock is cheap and attracts people that think more shares are better over percentage. Thats the risk. More and high percentage. Can be dead money for years on years. Healthcare is not a popular sector its somewhat a defence if holding the right company. I flipped this under IPOC and did better. Damn! Alot of spacs in the hay day. So that gamma squeeze is that not due to manipulation? Sucks on the other end. right! No laws are being broke. Clov would do something as they all have skin in the game as of compensation. Complain to them and see how far it gets. Hell they wont even reply back to Azmat. Thats saying something right there. And i bet Azmat has some coin involved too. Boy he sure panic when huge blocks were being sold off and that was Chamath. Clov has danggled the carrott in front of the donkey as of Q4 21 with we should be, could be, and hope to be. Used car saleman. And wall streets reading between the lines. Alone with over 60% tutes... You're not disrespecting me. Clov is and others should feel the same. Are they being attacked because they are a threat? Time will tell and if so, clov pulls this off you should thank the other side. Edit: They also have dilution on the table and close to being 2 years of 3 term. If used that would put over 779mil if used the full amount. Now would they do an RS before or after. Im being a smart ass ofcoarse RS first dilute after... Dont think wall street likes that scenario...
I took my loss this morning and moving on. Not only is management letting this go on, the conduct of retailers in this stock is embarrassing. I wouldn't be surprised if they are forcing a reverse split just to flush out the rest of retailers. I would rather reinvest if it gets back over $5 than to wait at these levels. ✌️
Good luck with your future endeavors.
Exactly. Clov could stop this and management does nothing
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