I'm up 37% so far on my position, happy to trail it all up now.
Love buying things when nobody believes that have supporting
fundamentals. That RSI was in the low 20s. Hilarious risk/reward
opportunity.
It recently made a divergent low at $7.37 before bouncing over
$8. So the risk/reward is very good here for me in building a
position given the fundamentals
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Can you help me understand
UWMC
Posted by z0ned on 25th of Feb 2021 at 08:38 am
Can you help me understand what you see technically in this chart?
UWMC price decline IDK but, looks
Posted by ridgetopab on 25th of Feb 2021 at 11:07 am
UWMC price decline IDK but,
looks like the institutional positions cut by over 50% in last period
SPAC IPO buyers did not get the expected bounce so selling?
Lack of history making other bets in this industry look better?
May be a good buy when it finds a bottom.
I got time and I
Posted by fundamentalvalues on 25th of Feb 2021 at 11:14 am
I got time and I would add large if it goes lower. Then I will take 50-100% on warrants when it pops. All day long
UWMC deep dive warrants expire in
Posted by ridgetopab on 25th of Feb 2021 at 12:09 pm
UWMC deep dive
warrants expire in Jan 21, 2026 , (terms 1 wt + 11.50 = 1common sh) so really an out of the money Leep option today
current warrant value implies stock price of 13.04 +/- for BE (i.e. current intrinsic value is 0 until stock price exceeds $11.50)
UWMC implied p/e is higher than peers PFSI _ COOP _ RKT
I'm up 37% so far
Posted by fundamentalvalues on 2nd of Mar 2021 at 01:31 pm
I'm up 37% so far on my position, happy to trail it all up now. Love buying things when nobody believes that have supporting fundamentals. That RSI was in the low 20s. Hilarious risk/reward opportunity.
UWMC looks like a nice play
Posted by ridgetopab on 25th of Feb 2021 at 11:29 am
UWMC
looks like a nice play as long as the Feds keep the QE train running
eventually setting up for 2008 MBS Crash the sequel?
Link to MF analysis
It recently made a divergent
Posted by fundamentalvalues on 25th of Feb 2021 at 09:05 am
It recently made a divergent low at $7.37 before bouncing over $8. So the risk/reward is very good here for me in building a position given the fundamentals