Portfolio Update: +$701 and Watchlist

Adding 3 names to the watchlist

Author

Omar Aslai
July 10, 2024 • Estimated Reading Time: 4 minutes

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Good Afternoon. Thanks for reading Boring Data

Here’s what I have for you today:

  • Portfolio Update

  • Watchlist

Should I Create a Discord for Insider Trading?

I think this would be good way to have a more active community and share what we know instantly instead of just waiting for me to post every few days.

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Quick Update: (Also remember this is a practice account that we’re learning from)

$TMCI

I sold 100% of $TMCI today at a nice 20% gain. There’s still room for it to run to $10 (a huge gap to fill) but I want to compound these gains quickly and not get too greedy.

$DMAC

Currently holding it at a nice $2.89 average. Insiders bought around $2.50.

Reason for buying: Expansion of DM199 program and $11.8M Private Placement

$CLOV

This one I have plans to cut for a small loss below $1.18. It seems to be stalling around $1.30, I still like the setup and the news. Very strong uptrend, i’m just waiting for the next leg up.

Reason for holding (From the Q1 earnings call)

“We have therefore, significantly improved our guidance for the full year 2024 to a range of positive $10 million to $30 million. Our profitability performance was driven by continued outperformance in our insurance offering fundamentals, including revenue growth and Medic management, as well as durable reductions in our adjusted SG&A. For insurance revenue, we are proud that we delivered strong year-over-year revenue growth of 8%, while also simultaneously expanding margins. This is a continued step forward in our commitment to grow revenues in a sustainable way. Improvements came from a strong focus on Clover Assistant product advancement, operational enhancements to improve the accuracy of our risk adjustment submissions, and a focus on member retention.

We’re proud of these improvements. And as a result, we are also raising our full year insurance revenue guidance to be between $1.3 billion and $1.35 billion”

Added to the Watchlist

  1. $NRBO

  2. $APPN

  3. $ACRS

Don’t buy into nonsense