This is a follow-up to my previous post:$AYTU and Sabby
I decided to check the track record of Sabby Management. They've made about 18 purchases since 12/31/19 in which they never had any share holdings prior.
I wanted to quickly understand which purchases were profitable and which were not.
I used this HedgeFollow page as a source for what is considered new and when they acquired the stock. I then used Google Finance to check how high the stock went since Sabby took holdings.
Below is a quick analysis. It lists the stock symbol, then the stock price of the day the purchase closed, followed by the highest the stock price went since:
- SYMBOL – $PurchasePrice / $HighestPriceSince
Here is what I found….
Winners – A winner is a stock that went up in price at any point after their purchase:
- CODX – $2.59 / $17.81
- VXRT – $0.36 / $2.87
- GLD – $142.90 / $159.37
- COCP – $1.28 / $1.40
- CJJP – $1.75 / $2.05
- ZSAN – $0.53 / $0.99
- TTPH – $2.38 / $2.42
- NBRV – $1.32 / $1.59
- HTBX – $0.29 / $0.97
- NTEC – $0.25 / $0.39
- ZOM – $0.13 / $0.32
- TBLT – $0.16 / $0.24
- TTNP – $0.28 / $0.41
- EMAN – $0.37 / $0.67
- NOVN – $0.22 / $0.70
Losers- A loser is a stock that never went up in price at any point after their purchase:
- TEUM – $0.79 / $0.77O
- RMP – $5.47 / $5.25
- TRXC – $0.46 / $0.44
I'll be the first to admit that this is a very simple and basic analysis, but as you can see… most of their holdings resulted in profit.. many were pretty phenomenal.
The losers did not end up very well, but at least there is a point in time when you could come close to breaking even. Interestingly, the highest they ever got was within $0.02 of the purchase date price.
So there you have it.With a basic analysis, you can see that 15 out of 18 were winners (83.33%). A very good chance that your AYTU investment was a good one, and a good chance that it will provide extremely good returns.
Nothing is guaranteed though, especially with the current market conditions. However, it looks like Sabby does their due diligence.
Good luck, everyone~!
Edit – Regarding the SEC Form 4 submitted, it was NOT for an AYTU director. It was for a hedge fund / institution (Armistice Capital), which occurred on 3/10. It was only filed because they must own over 10% of shares of AYTU. Heck, if I were an institution owner and I made 700%, I'd sell it too!!