Anyone here have a pro-DWAC case at these prices? (56)
Special ed Congress Trump fans bought at higher prices which scares me lol
UWMC this seems over sold to me. What's going on here? The earnings were neither that bad hmmm.
i'm super bullish on uwmc.
i think everyone's just confused by their ceo's antics/what they're doing and don't get it. there were headlines about a secondary offering which i think is what triggered the 15% drop. but there's no dilution... and actually, the opposite. i can't blame the market for missing it, though - the shit's wacky.
tl;dr (yes, really) - they want to buyback shares but can't because the float is too small and it would exclude them from the russell. the ceo's family is selling shares from their holding company that are increasing the float (again, they're not new shares, there's no dilution) and uwmc is doing a buyback of up to $100-300M. they also sold notes that expire in 2027 which would provide a ton of liquidity if needed.
it's fucking crazy, but ultimately, it fixes all of their 'problems' and should be super bullish for the shareholders, as it should lead to russell inclusion and also decreases the total amount of shares.
i ended up buying more shares and even bought some calls because the percentages were retarded.
shit SHOULD be bullish - but i have no idea about the timing (the market's/price action, i mean). regardless, they're profitable, have a 7% dividend (and the notes should allay some fears that the dividend isn't safe), and have impending buybacks. also, they just opened up weekly options, so i can steal more premiums.. the downside is basically that the ceo is seen as erratic (uncertainty) and the stock is apparently hated.
lol Chamath selling some sofi because he needs to start new businesses, because I guess running a company for more than 6 months is too longterm for his ponzi.
Almost no reaction on his cult stock.
i'm super bullish on uwmc.
i think everyone's just confused by their ceo's antics/what they're doing and don't get it. there were headlines about a secondary offering which i think is what triggered the 15% drop. but there's no dilution... and actually, the opposite. i can't blame the market for missing it, though - the shit's wacky.
tl;dr (yes, really) - they want to buyback shares but can't because the float is too small and it would exclude them from the russell. the ceo's family is selling shares from their holding company that are increasing the float (again, they're not new shares, there's no dilution) and uwmc is doing a buyback of $100-300M. they also sold notes that expire in 2027 which would provide a ton of liquidity if needed.
it's fucking crazy, but ultimately, it fixes all of their 'problems' and should be super bullish for the shareholders, as it should lead to russell inclusion and also decreases the total amount of shares.
i ended up buying more shares and even bought some calls because the percentages were retarded.
shit SHOULD be bullish - but i have no idea about the timing (the market's/price action, i mean). regardless, they're profitable, have a 7% dividend (and the notes should allay some fears that the dividend isn't safe), and have impending buybacks. also, they just opened up weekly options, so i can steal more premiums.. the downside is basically that the ceo is seen as erratic (uncertainty) and the stock is apparently hated.
Question guys. 3 stocks I'm holding start offering weekly options next week, ROOT, GSAT, NNDM. What is this decision based on, volume?
I mean I did sell out of the stock at a loss a while ago but I'm pretty surprised to see this sink another 20% odd since. And yeah seems the CEO is getting a lot of heat from the bears and some investors.
If this sinks any further I may have to reconsider a long position. The price action has sucked pretty bad but this price looks kinda a steal (long term). Dividend may not be safe but even so the upside potential here is pretty decent.
Let's see what happens, looks like short term pain for long term gain.
lol nutty premarket pop. Tops at 7.5 I thinkdid i mention it's been a crazy week?
https://www.stocktitan.net/news/UWM...nt-to-accelerate-buyback-in-qwoih7755bim.html