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Started By
Message
Anyone on UPST Upstart Holdings
Posted on 6/13/23 at 9:37 am
Posted on 6/13/23 at 9:37 am
Heavily shorted... I bought in the first week of May @ $18 and today its up to $34.60
They had some lending issues they seem to have worked out. Stock hit nearly $400 during the pandemic
Not sure anyone expects it to ever get back up that high.
Wondering if anyone sees this one riding up for a while?
They had some lending issues they seem to have worked out. Stock hit nearly $400 during the pandemic
Not sure anyone expects it to ever get back up that high.
Wondering if anyone sees this one riding up for a while?
7
Posted on 6/13/23 at 9:50 am to SuperSaint
You have turned a nice profit, and I would be tempted to go ahead and take it.
Business seems extremely risky in rising interest rate environment. Fintech where the majority of my profit comes from originating loans, where I use my own proprietary way of determining credit worthy borrowers. I know that algo for them picking the right borrowers is supposedly their business, but no one seems to want to pay for that service.
Business seems extremely risky in rising interest rate environment. Fintech where the majority of my profit comes from originating loans, where I use my own proprietary way of determining credit worthy borrowers. I know that algo for them picking the right borrowers is supposedly their business, but no one seems to want to pay for that service.
Posted on 6/13/23 at 12:04 pm to SuperSaint
Know quite a bit about them
They are putting a lot of their eggs in basket I do not believe they will succeed in.
It wont be the same company and business model that got to 400 previously
They are putting a lot of their eggs in basket I do not believe they will succeed in.
It wont be the same company and business model that got to 400 previously
Posted on 6/13/23 at 12:54 pm to SuperSaint
Toke a big loss for tax purposes last year . I had bought at around 100. Bought back in about month ago @ 18. Sure is nice watching it go up everyday instead of down like last year. My stop loss is in place not getting caught not looking this time. 
This post was edited on 6/13/23 at 12:56 pm
Posted on 6/13/23 at 1:15 pm to FLObserver
It's a horrendous company, unprofitable and ultimately a zero.
That said, they will ride the beta wave upwards like they have this year along with many other unprofitable companies a la 2021
That said, they will ride the beta wave upwards like they have this year along with many other unprofitable companies a la 2021
Posted on 6/13/23 at 1:55 pm to SuperSaint
They only went to $400 because they’re a low float trash name whose entire supply was locked up and bud higher thru a gamma squeeze. Not saying it’s a bad long but don’t equate think it’s worth that either.
Posted on 6/13/23 at 3:05 pm to SuperSaint
I was an early investor in Upstart before they went with institutional investors only. Averaged 6.10% annually on my investment. I liked the concept and figured it would be an interesting experiment.
Posted on 6/13/23 at 5:37 pm to SuperSaint
I have 100 at $22.72. I got in earlier at $19 but added to my position
Up 64% right now.
Up 64% right now.
This post was edited on 6/13/23 at 5:39 pm
Posted on 6/13/23 at 8:45 pm to SuperSaint
I was working on a 200 percent gain on UPST when it tanked. I lost my shorts on it. I’m done with UPST.
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