It seems this sub is transitioning from being slightly ROOTsexual to full on ROOTarded, and I just got diagnosed as well. Here is $388k worth of ROOT shares across my 3 different retirement accounts. WHY the big drop recently? I bought these back on August 6th in anticipation of a huge earnings beat, and that's exactly what I got! They beat EPS expectations by 148% and revenue expectations by 8%. I was rewarded with a 10% pop post earnings, which I did not cash out, only to see the stock plummet the next day. This is because the CEO gave poor guidance during the earnings call, citing a one time expense due to ROOTs warrants with Carvana. This stock is undervalued! To me, this stock was undervalued at $120+ and now it's extremely undervalued at $90. It has a P/E ratio of 17.46 which is very low considering LMND doesn't even make money and ROOTs earnings are growing at an insane clip. Sure they posted bad guidance, but that just means lower expectations for an even bigger Q3 earnings beat. Are there any catalysts? For me, the next big catalysts are September 3rd, 9th, and 25th where ROOTs CEO and CFO will meet with institutional investors at some investor conferences. If they make a good impression, we could see more investors pile in at current prices and begin a nice upward trend into Q3 earnings. TL;DR I'm clinically ROOTarded and I plan to hold this thing to $200+. I like what I've seen posted by some other folks here as well and wanted to share my story.   submitted by   /u/innocuous_gorilla [link]   [comments]