HIMS faces frequent negative news; holding requires strong conviction to avoid being shaken out.

Number one, we're going to discuss Hims stock in this video, okay? There was some news that came out in regards to Hims. Stock went down heavy. I want to talk about that.

Hims stock got hammered here today, down 8% roughly, right? Tough day for Hims stock. Of the stocks on my watchlist, you know, 4000xstocks.com, that was the worst performer here today.

So, Hims has had a tough past year. Stock is down 30% over the past year. It's up quite a bit from the lows it reached at the high teens, though, but it's overall, it's just had a very tough year, right?

So, the newest negative thing that came out for Hims & Hers, it's facing penalties from Visa for credit card disputes. Visa will assess penalties on Hims & Hers close to $75,000 in September after receiving thousands of complaints related to credit card disputes.

The telehealth provider will put put into Visa's acquirer monitoring program following a rise in disputes in July, Bloomberg reported. Each dispute carries an $8 penalty. The complaints apparently have to do with weight loss D drug subscriptions.

Hims & Hers didn't find out it was placed into the program until early earlier in August when payment processor Stripe notified it.

So, to exit Visa's program, Hims & Hers must cut dispute rate below 1.5% of transactions for 3 months.

So, yeah, they have nearly 3 million customers at Hims, right? And if you've never run a business before, you might look at this and be like, what? They have thousands of complaints, credit card disputes.

What the heck is going on here, right? This could be really, really scary. If you've run a business before, though, you know this is part of doing business. And the more customers you have, the more disputes you're going to have.

So, it's all about the percentage. The percentage is what really matters in this game. And so, I understand it's a scary thing. Now, I will say this is more ammo if, let's say, states try to go after Hims and try to, you know, fine them or something like that.

This is going to be more like evidence that they could use that Hims might have to pay states for penalties, might have to change the way they do their subscriptions, the way they notify people.

Like, all those things are something that has to be understood in regards to the situation, right?

So, it's like it's an important matter, but it's not like, oh my gosh, the end of the world. Like, no businesses ever had, you know, disputes before. Like, this is uh pretty common.

You just got to keep it under that 1.5%. It sounds like they went over the 1.5%, right?

Now, here's my two cents in regards to Hims stock and buying Hims stock and those sorts of things, okay? Listen, it's always something with this company. It's always something with this company.

It like it just seems like sometimes they can't get out of their own way. Like, there's always just some bad news that comes out of nowhere, right?

So the moral of the story is here, if you want to be a Hims long, right? You want to buy this stock, you got to be long and strong. You cannot be the type of person that is easily shaken out of stocks.

Like if you're the type of person that's easily shaken out of stocks, you're going to get shaken out of Hims easy peasy lemon squeezy.

Because there it just is always something. If it's not this, it's some other news report like a week from now or a month from now it's going to come out that's going to be negative.

And so it's just one of those sorts of stocks that just seems to always find its place with a negative headline, right?

And so just you just got to understand if you want to be long Hims, you better have the strong hands. Because if you don't, you're going to get thrown out of this stock real quick.