$UWMC I can't find a lower risk setup in my individual names,
with earnings due Feb 3rd, short covering and buying should come
in. 32 RSI diverging now. Largest wholesale mortgage company in the
nation 6 years in a row. Around since 1986 I believe. Spac deal
just merged recently, used to be Gore's. If you want leverage, buy
the warrants, they have a 5 year expiry, controlling 1 share of
stock per warrant at $11.50 per share. Buy and sell like a
stock
I gave this when shares were around $10.00. Warrants were just
above $2 at that time, getting a move to $2.60 so far on the pre
market so far, earnings move up as I suspected as they report after
the close today. Was a very low risk entry with the prior
conditions. I specialize in buying supports with fundamentals at my
back. Most famous recent call was ERX from below 9 to 17 area. Hope
some others caught this with me. Trim/trail as always.
Newsletter
Subscribe to our email list for regular free market updates
as well as a chance to get coupons!
$UWMC I can't find a
Posted by fundamentalvalues on 29th of Jan 2021 at 10:36 am
$UWMC I can't find a lower risk setup in my individual names, with earnings due Feb 3rd, short covering and buying should come in. 32 RSI diverging now. Largest wholesale mortgage company in the nation 6 years in a row. Around since 1986 I believe. Spac deal just merged recently, used to be Gore's. If you want leverage, buy the warrants, they have a 5 year expiry, controlling 1 share of stock per warrant at $11.50 per share. Buy and sell like a stock
Thanks for sharing last week
Posted by steve on 3rd of Feb 2021 at 07:58 am
Thanks for sharing last week
I gave this when shares
Posted by fundamentalvalues on 3rd of Feb 2021 at 07:23 am
I gave this when shares were around $10.00. Warrants were just above $2 at that time, getting a move to $2.60 so far on the pre market so far, earnings move up as I suspected as they report after the close today. Was a very low risk entry with the prior conditions. I specialize in buying supports with fundamentals at my back. Most famous recent call was ERX from below 9 to 17 area. Hope some others caught this with me. Trim/trail as always.