Been buying chunks of this over the past couple years. It's been rough, but really believed in it. Appreciated your view on it, and helped me hold on. Wish I had dug in deeper , but I'll take it. 1100 @ $2.85
I bought over the last couple of weeks around $1.80 and couldn't believe the chart Monday morning. I sold, quite happy with my $4.80 but good luck to everybody!
Funny, I bought this stock in end of 2022 for around 3.50 or so... Then throughout the year and half, I have just been lower my average, kept on lowering and lowering thinking this will be just another garbage!! I got stuck in this with a few thousands shares and when it dropped to around $1.7, I was pissed... I was down close to 10k and my average was 2.60. I wanted to lower my average when it hit 1.7, but I was afraid. I had too much on the line for a company that just may go under!! I'm so glad MTTR got acquired, but I also learned a lesson!! I sold 80% at $4.74, set a stop loss at 4.60 to sell 10%, stop loss at 4.50 for 5% and I only have 1k shares left at a stop loss of 4.40. If it does below that, I'm out of this!! I was stuck on this stock for wayyyyyyyyyy to long and learned a lesson. My money was locked, loosing everyday... I do want to point out, there was a time when I was positive, when the stock did climb to 3.00 which I should of sold and taken my exit. My 30k would of made me far more elsewhere for the past 1 1/2 years.
Why is the stock falling...if the shares are going to be paid out at $5.50? Shouldn't people be pouring money into this if you can earn a quick 15 to 20 percent?
Question? I have 106 shares at $16.76. Would it be worth me averaging down? Id have to buy 1306 shares at $4.58 or $4.57 to average it down to $5.49. Thoughts?
You are the smartest guy , I have ever seen. I really do not like many youtubers, because I think it is waste of time. But for you , I will go further with premium. One thing I want to see your website that it needs to be more neat and precise. I will not able to reach any content easily right now. So please go for it and improve the content and usage of your website. Other than that you are a young Warren Buffet 🎉
Don't forget how badly the MTTR shares have been beaten up for the past few years, so the premium is only large when put into perspective. That being said, the overwhelming majority of shareholders are still in the red with the stock price being around $4.70 / share...the unrealized losses are just smaller now
Hello, what do you think about the strategy of buying more stock so long as it's under 5.50 (like around 4.60 - 5.00) knowing that Costar will buy at 5.50, is that logic sound? I mean technically a buyer would be making a certain profit in that case no? Everything being equal that is. Eager to hear your thoughts
@@nadeeml9276 Your thinking is correct. Currently with MTTR at around $4.70 / share, It's an opportunity to make at least 17% on your money. As indicated, the deal is expected to close sometime this year (in the next 8 months), so this return adjusted to indicate the annual return would be 25.5%, and that's if it closes at the very end of the year. If it closes in the next 4 months, the time value would double that return... Matterport cancelled the earnings report which was scheduled for next month, seen as unnecesary given the pending deal with CoStar. This displays confidence in the deal closing, probably within the next few months. I only wish that the second $2.75 of CoStar stock being offered to shareholders of MTTR had been a percentage of CoStar stock instead of the straight dollar value as CoStar reoported good earnings and the stock has risen considerably since the deal was announced. Still, I believe this is a good opportunity to make a very good short term return on your money to buy MTTR stock at the $4.70 level. There are always people afraid that something will happen and the deal will fall through, which is the reason the stock is trading at a discount right now. However, on the flip side, there could be other companies that are interested in buying Matterport as a company, at a higher price point, that could cause the stock to rise higher. As an investor, it would have been nice if the short interest in the stock, which is around 4% ,had been higher as it could have created a short squeeze possibly driving it up higher than the agreed upon $5.50 value.
I am still trying to figure out the 2.75 in stock. Is the number of shares you get based on a purchase of 2.75 the day this closes, or the day the deal is announced, or some average? I am used to deals being announced with wording like "will receive X shares for each share of MTTR, which BASED ON FRIDAYS CLOSING PRICE is worth 2.75". Not knowing what the actual value of stock you are receiving influences my decision about holding, although with Costar climbing on the news it shoulod not be less than 2.75, at least for now. I will continue to hold.
looking for help thinking through the math on this. I've got 1123 shares with the average at $10.50. Anyone have advice on how much to buy to get that average down enough to at least break even?
I'm tired of these new buys every week, just to make up some assets with low percentage on my $236k portfolio and try to keep everything around 10%. Do you think these stocks you just mentioned are safe buys to outperform the market this year?
Crazy idea - there is a reason why its not 5.50. If the merger gets blocked or ANYTHING happens to prevent it, you will lose way too much. Risking everything for what, +10%? Do the maths.
Good thing I held onto my 613 shares! I'm gonna do the same as you, MTTR is currently trading at 4.80 so im gonna hold out until the deal goes through unless we get close to that 5.50 mark!
Excellent video, thank you. Super happy about this, I was considering selling, but thank God I didnt. Also, to anyone who can answer, I know it seems like an obvious question, but Im asking it just in case my logic is wrong, or perhaps I missed something important - if this deal is almost certainly guaranteed to go through - wouldnt that mean (the MTTR price is 4.64 at the writing of this message), wouldn't it technically mean that so long as I buy MTTR under 5.50 (reasonably under 5 I guess), I'd be guaranteed to make a profit once the deal goes through? Can someone let me know if my logic is wrong on this?
WOAH!!! Awesome for you!! I'm not sure exactly how you would call them, but the options should trade for about the same price as the $5.50 minus your call price of $2, so ultimately you should be able to sell them for $3.50. And you won't have much or any theta value, or time premium. I can't give personal financial advice, but if they were my calls I would sell as close to $3.50 as possible and not take any chances on figuring out the conversion at the acquisition's close.
@@asymmetricinvesting Thanks for replying to my comment. And a lot more thanks for making awesome contents, those videos helped me make a decisions. I bought those calls just weeks ago & currently they are selling for $3.8 (I don't know why its higher than $5.5). So I think I will cash it in now. Keep putting out awesome content.
This is terrible news for me. I’ve been buying MTTR from the beginning and over the last few years it’s fallen so far down. But I kept buying because I believed in the longterm potential of the company, and thought that it could regain those losses over the next few years. Like some of the others on here, I’m going to explore buying more to try and bring my average price down. Anyone out there familiar enough with Co-Star to recommend continuing to hold their stock when this goes through? I’m pretty disappointed after really seeing a bright future for MTTR as its own company.
liked your video. I'm sorry that the transaction has a 10% symmetrical collar for co-star shares in 86.02 as the midpoint, which mean after the Acquired finish, the matterport share holders will transform their share by that price within +-10%?
What happens to those who held Matterport stock since IPO? 10.50 if anyone’s wondering. Does that mean we will never see our capital return now that it is set to close at a 5.50 buyout?
Correct. The IPO was actually $10 because this was a SPAC, but it may have been $10.50 or so when the merger with Matterport was announced. From there, shares are down.
I was wondering the same thing, I have shares at $7, was wondering if to buy more and get the average cost down to around $5, and hold until the deal closes, any thoughts?
@@kylesimonrambaran9742 That's a completely different game. If the buyout falls through shares could drop to Friday's price. You can't price anchor on where you bought. I'm down on some shares too.
@@asymmetricinvestingOkay so the option I’m watching would be to either wait a bit and hope the stock reaches at 5 dollars and change and sell for a loss, because if you have 100 shares of mttr then you would get $275 in cash and $275 worth of Co-star stock, which doesn’t seem like an appealing deal in my opinion
i actually had a similar question, but it seems youve figured out something, could you share? maybe there's something i misunderstood. Thank you kindly in advance
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Been buying chunks of this over the past couple years. It's been rough, but really believed in it. Appreciated your view on it, and helped me hold on. Wish I had dug in deeper , but I'll take it. 1100 @ $2.85
I bought over the last couple of weeks around $1.80 and couldn't believe the chart Monday morning. I sold, quite happy with my $4.80 but good luck to everybody!
Funny, I bought this stock in end of 2022 for around 3.50 or so... Then throughout the year and half, I have just been lower my average, kept on lowering and lowering thinking this will be just another garbage!! I got stuck in this with a few thousands shares and when it dropped to around $1.7, I was pissed... I was down close to 10k and my average was 2.60. I wanted to lower my average when it hit 1.7, but I was afraid. I had too much on the line for a company that just may go under!!
I'm so glad MTTR got acquired, but I also learned a lesson!! I sold 80% at $4.74, set a stop loss at 4.60 to sell 10%, stop loss at 4.50 for 5% and I only have 1k shares left at a stop loss of 4.40. If it does below that, I'm out of this!! I was stuck on this stock for wayyyyyyyyyy to long and learned a lesson. My money was locked, loosing everyday...
I do want to point out, there was a time when I was positive, when the stock did climb to 3.00 which I should of sold and taken my exit. My 30k would of made me far more elsewhere for the past 1 1/2 years.
200,000 shares at around $2.04
Why is the stock falling...if the shares are going to be paid out at $5.50? Shouldn't people be pouring money into this if you can earn a quick 15 to 20 percent?
Still hold to massive stock but it’s really down.. should I sell? Or hold?
Question? I have 106 shares at $16.76. Would it be worth me averaging down? Id have to buy 1306 shares at $4.58 or $4.57 to average it down to $5.49. Thoughts?
Yeah I imagine a lot of people are in this situatio, not a good one
I'm trying to figure that out myself. Does anyone have advice about this?
You are the smartest guy , I have ever seen. I really do not like many youtubers, because I think it is waste of time. But for you , I will go further with premium.
One thing I want to see your website that it needs to be more neat and precise. I will not able to reach any content easily right now. So please go for it and improve the content and usage of your website. Other than that you are a young Warren Buffet 🎉
Don't forget how badly the MTTR shares have been beaten up for the past few years, so the premium is only large when put into perspective. That being said, the overwhelming majority of shareholders are still in the red with the stock price being around $4.70 / share...the unrealized losses are just smaller now
Hello, what do you think about the strategy of buying more stock so long as it's under 5.50 (like around 4.60 - 5.00) knowing that Costar will buy at 5.50, is that logic sound? I mean technically a buyer would be making a certain profit in that case no? Everything being equal that is. Eager to hear your thoughts
@@nadeeml9276 Your thinking is correct. Currently with MTTR at around
$4.70 / share, It's an opportunity to make at least 17% on your money. As indicated, the deal is expected to close sometime this year (in the next 8 months), so this return adjusted to indicate the annual return would be 25.5%, and that's if it closes at the very end of the year. If it closes in the next 4 months, the time value would double that return... Matterport cancelled the earnings report which was scheduled for next month, seen as unnecesary given the pending deal with CoStar. This displays confidence in the deal closing, probably within the next few months. I only wish that the second $2.75 of CoStar stock being offered to shareholders of MTTR had been a percentage of CoStar stock instead of the straight dollar value as CoStar reoported good earnings and the stock has risen considerably since the deal was announced. Still, I believe this is a good opportunity to make a very good short term return on your money to buy MTTR stock at the $4.70 level. There are always people afraid that something will happen and the deal will fall through, which is the reason the stock is trading at a discount right now. However, on the flip side, there could be other companies that are interested in buying Matterport as a company, at a higher price point, that could cause the stock to rise higher. As an investor, it would have been nice if the short interest in the stock, which is around 4% ,had been higher as it could have created a short squeeze possibly driving it up higher than the agreed upon $5.50 value.
@@nadeeml9276 yes, I'm wondering about this strategy as well, as someone who is far in the red after buying beginning back in 2021.
I am still trying to figure out the 2.75 in stock. Is the number of shares you get based on a purchase of 2.75 the day this closes, or the day the deal is announced, or some average? I am used to deals being announced with wording like "will receive X shares for each share of MTTR, which BASED ON FRIDAYS CLOSING PRICE is worth 2.75". Not knowing what the actual value of stock you are receiving influences my decision about holding, although with Costar climbing on the news it shoulod not be less than 2.75, at least for now. I will continue to hold.
read the formal purchase doc. it talks about a 20 day average stock price window.
looking for help thinking through the math on this. I've got 1123 shares with the average at $10.50. Anyone have advice on how much to buy to get that average down enough to at least break even?
I'm tired of these new buys every week, just to make up some assets with low percentage on my $236k portfolio and try to keep everything around 10%. Do you think these stocks you just mentioned are safe buys to outperform the market this year?
May I know the name of the advsor who has been assisting you, please?
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her
At a big loss…. Should I sell all?
Ok help a fellow investor out here. I have 5,000 shares at $6.31. Should I quickly toss in another 3-4K so I can average down below $5.50?
This is my plan, get to the $5.50 price point before it happens
Crazy idea - there is a reason why its not 5.50. If the merger gets blocked or ANYTHING happens to prevent it, you will lose way too much. Risking everything for what, +10%? Do the maths.
I'm not in your boat, but that's a great question
The only risk is that the deal does not go through....Right?
@@blanehartleb2754 Based on all information we have, costar, sec...etc, do we have any indication at all the deal MIGHT NOT go through?
How many shares of CoStar will people receive who currently own Matterport?
About 1 of costar per 31ish shares are MTTR owned.
Good thing I held onto my 613 shares! I'm gonna do the same as you, MTTR is currently trading at 4.80 so im gonna hold out until the deal goes through unless we get close to that 5.50 mark!
I sold this morning. Is buying a good option considering valuation is gonna be 5.50 a share?
That would be an arbitrage play, which is something big funds do. It's risky though.
Excellent video, thank you. Super happy about this, I was considering selling, but thank God I didnt. Also, to anyone who can answer, I know it seems like an obvious question, but Im asking it just in case my logic is wrong, or perhaps I missed something important - if this deal is almost certainly guaranteed to go through - wouldnt that mean (the MTTR price is 4.64 at the writing of this message), wouldn't it technically mean that so long as I buy MTTR under 5.50 (reasonably under 5 I guess), I'd be guaranteed to make a profit once the deal goes through? Can someone let me know if my logic is wrong on this?
That is how I see it. The only risk is if something happens which does not seem like it will. (Costar backing out or SEC halt the buy)
@@blanehartleb2754 thank you kindly!
So what happens if I hold I’m down
Any idea what will happen to sold covered called with this deal?
It'll get exercised at the call price.
Hi Travis, I happen to have some leap call at $2 expiring in 2026. What happens to my call option?
WOAH!!! Awesome for you!!
I'm not sure exactly how you would call them, but the options should trade for about the same price as the $5.50 minus your call price of $2, so ultimately you should be able to sell them for $3.50. And you won't have much or any theta value, or time premium.
I can't give personal financial advice, but if they were my calls I would sell as close to $3.50 as possible and not take any chances on figuring out the conversion at the acquisition's close.
@@asymmetricinvesting Thanks for replying to my comment. And a lot more thanks for making awesome contents, those videos helped me make a decisions.
I bought those calls just weeks ago & currently they are selling for $3.8 (I don't know why its higher than $5.5). So I think I will cash it in now.
Keep putting out awesome content.
@@gauravneupane Will do and thanks so much!
So what happens if I buy today?
This is terrible news for me. I’ve been buying MTTR from the beginning and over the last few years it’s fallen so far down. But I kept buying because I believed in the longterm potential of the company, and thought that it could regain those losses over the next few years. Like some of the others on here, I’m going to explore buying more to try and bring my average price down.
Anyone out there familiar enough with Co-Star to recommend continuing to hold their stock when this goes through?
I’m pretty disappointed after really seeing a bright future for MTTR as its own company.
Wheres my buyout?
liked your video. I'm sorry that the transaction has a 10% symmetrical collar for co-star shares in 86.02 as the midpoint, which mean after the Acquired finish, the matterport share holders will transform their share by that price within +-10%?
Are you saying matterport might be a 80 stock
What happens to those who held Matterport stock since IPO? 10.50 if anyone’s wondering.
Does that mean we will never see our capital return now that it is set to close at a 5.50 buyout?
Correct. The IPO was actually $10 because this was a SPAC, but it may have been $10.50 or so when the merger with Matterport was announced. From there, shares are down.
I was wondering the same thing, I have shares at $7, was wondering if to buy more and get the average cost down to around $5, and hold until the deal closes, any thoughts?
@@kylesimonrambaran9742 That's a completely different game. If the buyout falls through shares could drop to Friday's price.
You can't price anchor on where you bought. I'm down on some shares too.
@@asymmetricinvestingOkay so the option I’m watching would be to either wait a bit and hope the stock reaches at 5 dollars and change and sell for a loss, because if you have 100 shares of mttr then you would get $275 in cash and $275 worth of Co-star stock, which doesn’t seem like an appealing deal in my opinion
@@kylesimonrambaran9742were you not able to buy something this morning for $1.75?
What a home run....
Ground rule double at best. I’ll take it. But costar is the winner here imo.
Wow! Great findings - huge news
Damnit lol. I only was putting in $1.50 a day when I I found them from the interview you did.
I’m uneducated about stocks does this mean realistically we can buy more matterport under the target stock buy price?
Edit: Oh nvm I see
i actually had a similar question, but it seems youve figured out something, could you share? maybe there's something i misunderstood. Thank you kindly in advance
Were anyone able to get the shares for $1.75 this morning or $2 calls for just .10?
It would be funny if you played your guitar and sang this to us 🎸
Shorts panicking
410 shares 3.10 average 😂