OT: Stock and Investment Thread
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Personally, no. But FDX is probably a good long-term hold. They pay a decent dividend and will likely benefit for many years on shop at home trend. But not on my personal shopping list.
I wouldn't short TSLA, but if it stalls again around $900, then I would once again consider selling out of the money covered calls. Stalling and especially failing at the $900 level would represent a double top formation.
Don't do it. This stock trades on technicals more than valuation/fundamentals. Wait and look for a double top to form.
I posted most of my trades. I lost 25% on my TSLA short last year. Could’ve bought a model 3 with that money. Hit on my puts earlier this year. Enough to buy a model Y. Yes, I used to have a gambling problem.
I’m waiting for the Stripe IPO to jump into Fintech moreso than the ARKF etf
If you just put your money in 2 years ago and held you would be up 1,580% now.
I have ARKF in 2 of our accounts. Great fund, bullish for the future.
Easiest way to think about SPAC's is that is an empty shell full of cash and they use that cash to make acquisitions and build a company.
Not sure who wins this race but they are a lot of new groups (Gab, Gtter, Parler, Frankspeech) all competing for the conservative voting base. They have all been trying to get Trump to use their platform but I heard he was asking for a lot to be on their platforms and he couldn't agree to terms with any of them. But he is clearly the big fish in that movement so where he goes he will get followers.
To the gent that recommended WOLF, which has done quite nicely for me, are there any downsides to Silicon Carbide technology? I’ve done a fair amount of research on WOLF’s new strategy and other than the GM deal there’s not a lot out there. But I’m thinking of doubling my position just not sure if I should wait for earnings next week.
Stripe has started the process of an IPO but the mode of IPO has not been completed. Many hedge funds have gotten in early and will do well at the time of the IPO. I expect the company to be valued well above $150 billion. This likely means that the upward trajectory will be limited for the first 1-2 years.
For anyone wondering how the Market has changed in the last few years based on things like social media, Robinhood, Millennials, etc., look no further than DWAC. Soaring in the pre-market again.
Tough to gauge how long the froth will last until it's worth selling short. Wonder what the way out of the money options are going for.
I guess all those who rushed in to buy at $175 this morning are getting an education.
Depends on the "handcuff provisions". I'm sure the woke will have a blast with that terminology.
I bought at 66 today for fun. I had a stop loss in at 144 that didn't fill until 110. The halts this morning were a bit out of control but oh well. Did the same with PHUN. A nice way to pass some time on a slow Friday.
Can't say I'd want to do that with my rollover IRA but you sound like you know what you're doing. I'll bet a few newbies got educated about stop losses after getting burned on this one. I was looking to buy some put options for around 100 early in the day but there's no option trading yet.
I understand what a spac is, I wonder about the valuations. I'm currently seeing DWAC with a $1.47bil market cap. I'm not sure if Truth Social is actually even up and running yet, but I think as soon as it is, it will be successful from the jump. $1.5 bil sounds cheap.
Oh, and given guys are intent on rehashing the same tired crap regarding TSLA over and over again, I wouldn't worry about asking a question about a stock that we may have talked about before.
The valuations are basically meaningless because at this point its based on a pile of cash and a plan. they should never trade much above the value of the cash but they do anyway.
You are betting on the managements team ability to execute the plan which is usually broad and vague. But now that they have the cash and stock to make acquisitions they could make it work. Trump has no equal when it comes to followers and loyalty of those followers so you never know.
Wouldn't be surprised if they buy one of those competitors (he is most connected to the people at Gettr). I also wouldn't be surprised if that was the Gettr plan all along! All the people involved in Gettr were in his inner circle.
As it turns out my buddies 2nd sell order was flagged for day trading by TD(he bought the stock that morning on margin), so he still has a little more then half his original position.
Well if the plan is good enough, or in the company has a valuable asset in this case in the form of Trump himself, then I can see the reasoning for trading above the value of cash.
I know in other Spac mergers actual functioning companies were on the other end of the merger, so again, once the merger is announced, going beyond (or perhaps below) the value of that pile of cash can be based on sound reasoning.
Pre merger announcement? Sure pile of cash ='s value.
Agree. Trump's involvement makes this really unique. A proven management team might get you a bit of a premium but Trump is totally different than that. This also isn't some celebrity like Tom Brady who is lending his name. So its pure speculation at this point but he is definitely worth some premium.
Any premium Trump gets should be offset by his track record of managing business
The fact that the CEO is from Wuhan is the icing on the cake for me, a lot of this is a troll. I got a few texts yesterday morning from non-investing friends telling me to buy this based off message board chatter.Agree. Trump's involvement makes this really unique. A proven management team might get you a bit of a premium but Trump is totally different than that. This also isn't some celebrity like Tom Brady who is lending his name. So its pure speculation at this point but he is definitely worth some premium.
Any premium Trump gets should be offset by his track record of managing business
I'm holding a modest amount of shares in FPAC. Spac merger for the new crypto exchange Bullish. It won't be completed for another month or two, but I'm curious is see the process.
Options are terrible for this type of stock. I looked into it for GME and AMC during the craziness. You are going to pay up for volatility. Did well just shorting it. I wouldn’t touch this one for a while.
I like your FPAC idea as a spec play. I read a few articles about it but what’s not clear to me is whether FPAC is currently holding BTC separate and apart from the potential Bullish deal. The reporting on FPAC seems to be all over the place. Do you know if it’s holding BTC? Or is the potential target Bullish holding BTC?
No idea about FPAC itself, but Bullish will be holding a ton of BTC, ETH, and other coins in order to build that large liquidity pool. This is their business model, to provide stability during volatile times in the crypto market (so you can be confident with selling and buying). We all know that the current exchanges lose functionality during times of major stress.
Love the idea, let's see about the execution!
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Any thoughts on why it sits around $10? I figured it would already start moving just based on Bullish rumors alone. No?
Probably some healthy SPAC fatigue and also since Bullish doesn't have a public/launched product yet. It has been beta-testing the platform for the past 7 weeks as the liquidity pool is built. When it goes live, the proof will be in the pudding. I jumped in with a few hundred shares at $9.95. Already up to $10.16! LOL.