OT: Stock and Investment Thread
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Fintwit has been on this since January - tracking private jets like a college coach search saga trying to uncover if CCIV was truly merging with Lucid. Reddit actually had this stock lumped in as a meme stock with GME and AMC on the infamous day that Robinhood limited buying stocks. That being said, the momentum on this is there (deliveries, earnings, Rivian IPO) and I agree I hope tomorrow is interesting.
Lucid will jump higher and then there will a day of capitulation. That will be the day to either buy puts or sell upside calls.
Both Lucid and Rivan are valued higher than both Ford and GM. I realize the analogy isn't perfect, but in the EV space we're approaching Pets.com territory.
I think it's crazy too, but part of the argument is these new companies, which do have significant backing, do have orders in place(RVIN has a built in customer in AMZN) are very near to actual production, but don't have the legacy issues of pension and other union concerns that the legacies deal with.
Prog is already a near double off it's lows so I wonder where it is on it's run.
CEI still early.
Big overnight moves for each.
CEI was Twitter pumped to 3.82 back in October before dumping. There was talk of an actual catalyst that didn't seem to materialize. This might be it, or it might just be another pump.
Good comment for everything.....except TSLA (who is producing 1m+ cars a year).
And Tesla just got an extra billion dollar expense by Musk exercising those stock options. Along with the employers share of Medicare withholding as a cash expense. Not a dot.com equivilent but perhaps overvalued.
The dot com did give us Amazon. But Amazon was able to change their business model to get to where they are today. Tesla will have to do the same. They need to sell at least 10mm cars annually to justify their current valuation.
From what I read over the last week they had a 2nd qtr 2022 expiration date. And that's actually irrelevant, as it still dilutes ownership and creates a multimillion dollar cash payroll expense.
And options are still not trading, although the stock has moved down today.
We know the market doesn't value ICE companies.
So it's really about EV's.
Bought some SPI. Photovaltic company with a price to rev's of 1x and a price to book of 3x.
Reports 1/2 years instead of quarterly, and just reported 40% yoy rev increase for the first half.
Was over $12 early in the year, currently at $7.
Sold $10 calls which expire Friday. 1.89% premium.
Dec $10 calls good for 7% premium.
Reports 1/2 years instead of quarterly, and just reported 40% yoy rev increase for the first half.
Was over $12 early in the year, currently at $7.
Sold $10 calls which expire Friday. 1.89% premium.
Dec $10 calls good for 7% premium.
I’ve got a small position in PYPL. I don’t think it will be hard for PYPL to replicate Affirm’s success in the buy-now-pay-later space. I don’t believe that Affirm’s algorithms give them a moat. I put Affirm in the TDOC or DocuSign category. Not hard for the big guys to replicate it.
You are right. There does not seem to be anything special about BNPL. I suspect that most of these companies will eventually get absorbed by the big banks or go out of business unless they come up with an innovative technology.
Another day, another semi crushes earnings! Go NVDA:
Tesla is the only American car company to reach high volume production and positive cash flow in the last 100 years. Investors looking for the next Tesla should be very cautious.
PayPal's business is still strong. I'm also invested in PYPL - for the long term. There is a lot of froth and angst in this space right now, but over time PYPL should be just fine - their business is strong.
I wish I rode the wave longer on LCID(I was out way too early) but I can't imagine I would have rode it this high. At this point it's pure froth.
I was hoping for a normal report which sent the stock lower so I could hop in.
Oh well. Eventually maybe.
I have doubled my money in LCID in just 3 weeks. That is insane. I will probably see out of the money calls to generate revenue