HIMS to the MOON 🚀 I am the guy who YOLOed his life savings on this stock 2 weeks ago!

This will be likely my last post about this stock just want to share here my view of the stock in next couple of weeks (apologies that I can’t answer all the DM’s, but I think this post will answer most of the questions)

As you know I YOLOed my life savings into HIMS before earnings (linking the post here: https://www.reddit.com/r/wallstreetbets/s/HTwEdAtgJY )

As of today I am up over ~$50k+ and keep in mind this is with shares, also I closed half of my position earlier and regret that too much but fundamentally my thesis is still the same.

Sharing my DD below for your reference:

1. If you look at the P/E on this stock it’s extremely low and very solid growth rate and P/E. This fundamentals should boost the stock over time alone to ~$40 (which I am sure will happen before end of the year anyways)

2. I know most of you look for quick gains and this stock has super high probability for a solid pump. Let’s look at the number: 40-46% of the float is sold short (~$85M shares) most of them shorted before the deal with Novo and are already deeply underwater and try to cover / roll over. I expected that most of those shorts close their position a With average volume, it would take ~2–3 days for shorts to cover.

Summary: Once the shares are at $30 / share I would be careful and not open a too big position. My personal exit point is around $40 per share.