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TopicStock Topic 34
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11/11/21 12:37:39 PM
#204:


Now if you want my holdings I can tell you how I expect the timeline to go

1812 Shares (this is my hedge if none of the calls print and my fuel for covered calls if they begin to)
6 4.5c Nov 12
9 5.50c Nov 12 (I honestly think this can pop any day now and these were super cheap bought when it was at like $4.37 yesterday)
35 5c Dec 3
15 8c Dec 10 (By the end of the month we should have had earnings and the form will have been released-- retrace to minimal $9 by this point seems very likely. I spread between the two days as I don't want to bet it all on one timing)
20 7.50c Jan 2022
18 20c Jan 2022 (Tyde dividend/spinoff will be in circulation for 3 weeks at this point if it isn't delayed, so price should have begun to surge here)
61 10c Apr 2022
47 13c Apr 2022
20 20c Apr 2022 (If it really surges my plan is to just sell the 13cs outright to bank a ton of money, use the others as covered call collateral/convert to shares depending on how well it goes)
5 5c Jan 2023 (these 5cs are basically more proxy shares, definitely expect to exercise these in the end)

So I dunno my price target is like $10 by December $40-$120 ($275 is the war cry) by January-April

If the spinoff doesn't happen it's more like $7 by December, $15-$40 by January-April. This is all based on market cap math and historical price action of Overstock.

Downside is if earnings are crap, valuation is crap, spinoff doesn't happen, and Zash rebrand doesn't happen yeah we could see $2 again. I choose to believe this won't happen because the new CEO looks competent though.

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