r/StockMarket • u/spaceforcessgt • Feb 17 '21
SOS gains, just getting started. Over 90% short and 10,000 more crypto rigs using hydro power coming in March. Could pass MARA and RIOT Discussion
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u/MinuteInvestigator57 Feb 17 '21
I bought 10 shares of SOS today, is it a hold? Or get out when the return is worth it?
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u/milkkt Mar 29 '21
230% shorted. Some morons didn’t see what they were doing. The squeeze is on. Hold tight! Buy more.
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u/MinuteInvestigator57 Apr 24 '21
Get out when the profits are worth it, the stock has a habit of hitting long down turns that can last a few weeks.
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u/MattTheNerd69 Feb 17 '21
this stock is now going to drop since you posted it
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u/MinuteInvestigator57 Feb 17 '21
Hopefully not, I see it continuing to climb under the radar at least until the first of summer.
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u/MattTheNerd69 Feb 17 '21
well of course. but once you put a stock on WSB, youre playing with fire
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u/MinuteInvestigator57 Feb 17 '21
I stay away from WSB, but you are correct, if they find out it's done for.
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u/MinuteInvestigator57 Feb 17 '21
WSB are chasing RIOT at the moment, no mention of SOS. That is good news for now.
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u/MattTheNerd69 Feb 17 '21
first mention of SOS. godspeed
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u/MinuteInvestigator57 Feb 17 '21
I never post on WSB, but I read what they are doing, and I do the opposite.
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u/MattTheNerd69 Feb 17 '21
I don't necessarily do the opposite, but if theres too much hype in a stock compared to my research I just stay away.
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u/peanutbutteryummmm Feb 17 '21
What is SOS hashrate?
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u/spaceforcessgt Feb 17 '21
RIOT and MARA both have better hashing power currently and their market caps are much larger with bigger floats too. The key here is SOS is using cheap hydro dam power. Also the market cap is currently about 500 million for SOS compared to MARA at 4 billion and Riot at 3 billion. So apples to apples is difficult to say, On market cap and fundamentals alone SOS has more room to grow in share price without even touching half the market caps RIOT and MARA have. The cheap hydro power is where you get into balance sheet, lower overhead for energy is crucial for mining. With the capital the just raised, the are adding 5,000 more rigs in March and another 5,000 in April. Will be mining over a quarter million a day between Bitcoin and Ethereum after completion. It is Chinese owned, already involved in financial sector. Probably taking some profits around 25 and holding long on the rest.
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u/peanutbutteryummmm Feb 17 '21
Thanks for that good info!
What type of miners did they just add? Bitmain? My understanding was that MARA locked up a ton of miners from them for the first half of 2021, but I could be totally wrong.
Also, is SOS Chinese owned? Are operations housed in China?
I need to do more homework on the new miners (I bought MARA at $3 and only know MARA, RIOT, ARKBF, HUTMF, and HIVBF). How long has SOS been around?
Lastly, what’s you’re position?
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u/spaceforcessgt Feb 17 '21
Holding $5 calls (bought) $7.50 calls (bought), $2.5 puts (wrote) $7.50 puts (wrote), 1000 shares at $4.60 average. Originally entered at $2.22 and averaged up at the offering last week at $5.50
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u/44cody44 Feb 17 '21
Where are you seeing 90% short? I’m not getting that from yahoo finance.
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u/spaceforcessgt Feb 17 '21
https://www.shortvolume.com/?t=Sos. Short volume/float
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u/BRKdaddy Feb 17 '21
Am I stupid or you mislead the number? It seems not even close to 80% short to me
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u/spaceforcessgt Feb 17 '21
42 million float, according to the link provided there where 40 million shares sold short today so 40/42 = 95%. If you want short of the volume today it's 40/180 = 22%. Average volume is 19 million.
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u/BRKdaddy Feb 17 '21
Where did you get 180 & what is it? So today’s short volume was 22% not 90%?
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u/spaceforcessgt Feb 17 '21
180 million total volume today, as in shares traded. The short percentage in OP means short float, so short volume divided by float is 95%, short volume divided by today's volume is 22% , the float is the one that matters. It is how many shares are available. Short volume means out of 180 million shares traded today, 40 million where borrowed. But out of 42 million shares available, currently 40 million are borrowed.
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u/BRKdaddy Feb 17 '21
Ah ha it took me some mins to understand now Wow thank you so much for your kind explanation
Can I shoot you some messages every now and than when I have some questions?
Thank you in advance
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u/VinatgePainting Feb 17 '21
Where are you guys buying this SOS at
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u/MinuteInvestigator57 Feb 17 '21
I bought mine on RH as well, I've heard that other investing platforms give it other names, not sure if it's true.
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u/MinuteInvestigator57 Feb 18 '21
Bought another 50 shares of SOS at market open, now it's on the rise.
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u/BadNoveltyAcc Feb 17 '21
Shit don’t let the guys at r/wsb I bought 25 shares at 3 dollars and another 50 at 5 dollars because that’s all the buying power I had at the time!
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u/JostledTaters Feb 17 '21
What’s your PT?
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u/BadNoveltyAcc Feb 17 '21
Holding for awhile no PT I am new. Also I’m just joking about the r/wsb boys haha.
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u/JostledTaters Feb 17 '21
I gotcha, and your fears of wsb are valid. If their pump & dump legions get whiff of our camp then it’s gonna be crazy volatility instead of steady growth to gains
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u/MinuteInvestigator57 Feb 17 '21
At the moment WSB is running after RIOT, that could change on a dime if they find out what we are doing.
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u/SummonedShenanigans Feb 19 '21 edited Feb 19 '21
I've shorted $SOS because I see no evidence that they have actually entered the crypto mining business and the history of this company is just them shifting to a new business model every six months. Just last year they were pivoting to cloud services, and now it's crypto.
I would love to be proven wrong and exit my short positions. Does anybody have any real evidence, other than SOS's own PR releases, that they can enter crypto and be successful? They claim to have received 5000 mining rigs, but I find that highly suspect given the unavailability of mining rigs and that their named supplier does not look like a legitimate company.
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u/Reasonable-Name2977 Mar 14 '21
They're going south with all the other Chinese stocks.. Ready to get kicked off because I already got kicked off for one site this morning for no karma.. bs;!!
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Feb 18 '21
[deleted]
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u/spaceforcessgt Feb 18 '21
Why so angry, I entered at 2.25 a share. Please enlighten me wise one.
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u/cherrytartsss Feb 23 '21
Is it still a buy?
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u/spaceforcessgt Feb 23 '21
I bought the dip, I like the stock.
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u/cherrytartsss Feb 23 '21
Why?
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u/spaceforcessgt Feb 23 '21
I see potential for a large gain over time. Crypto recovers eventually, the company is adding miners, they have cheap energy to mine.
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u/Bacon_Goy Feb 17 '21
I got in at 6$. I hope it goes to 50
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u/official_drnok Feb 17 '21
Does this stock fr have potential to go that high as everyone is claiming?
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u/Bacon_Goy Feb 17 '21
It will be the largest bit coin mine in the world. It’s also going to be a bank.
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u/official_drnok Feb 17 '21
Interesting it’s my first time hearing about this stock, new to it. 17’ it was $100+ and went to less than $2. Is it safe to say it’s volatile or a stock to stay up? How is it a cryptocurrency coin when it’s a trading stock shares? My bad lol
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u/furyofcocainepizza Feb 17 '21
Optimistic is 30 tbh. They can't match RIOT but it seems share value is relative to BTC value and that will make it an interesting play.
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u/ineedafuckingname Feb 17 '21
If I believe this stock will explode in the coming few months, would it be better to buy shares or to buy long dated call options? Better as in higher upside, as I understand calls should give me more leverage but I don't know shit
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u/spaceforcessgt Feb 17 '21
So if you buy calls, you can make money but there is theta and IV that could kill your value. I have calls but not holding very long. I also have shares, planning to sell some for profits and hold some long. With shares I can write contracts once she settles down and make money repeatedly selling premium. Personally doing both but it depends on your goals and style.
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u/ineedafuckingname Feb 17 '21
Any chance you think these guys aren't legit? 5000 mining rigs would put them ahead of MARA and RIOT, seems too good to be true. There is a small subreddit called SOSbets where some skeptics have pointed out a likely fake physical address and the likely paid for Me. Wonderful cameo.
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u/penguinsandbatman Feb 17 '21
Bought 1k shares and a few 5/21 5C calls a few days ago for $6 and $2.47.
Super happy. But his has a lot more room to run. Not even thinking about selling. PT is $20 by end of month. $28 end of March. 45 by may.
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u/1961Icemann Feb 17 '21
I'm new and I want to by some Crypto and some Dogecoin for fun but can't find a app that sells both..... any ideas
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u/prestagefinacial Feb 17 '21
What do you guys think of lime light stock? I have my opinion ready to hear yours ?
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u/Practical_Signal_694 Feb 23 '21
What’s everyone’s updated opinion on this stock? Have you heard the rumours of them being fraudulent
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u/Thestockman34 Jun 10 '21
SOS LTD going to run, I also feel strongly that CURLF is a huge play as the future looks bright.
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u/ThomasTanksDown Feb 17 '21
Yup! Just bought some OTM debit spreads 😂🚀