Capella
Footballguy
I think it’s up 75 or 80% for the year? It’ll likely get today back in the next 10 trading days. But yes it’s very crazy.
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Stock Thread (14 Viewers)
- Thread starter St. Louis Bob
- Start date
I hope not too long. Definitely better than earlier in the week but there’s been quite the run up the past couple months so definitely not at lows seen even in June and July.
Quick little head and shoulders pattern on a lot of the tech names.
ETA: Did add a little bit of AAPL, but I'm generating cash faster than I can invest it right now.
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FreeBaGeL
Footballguy
AAPL right now, inverted H&S
Obviously none of this stuff means anything will certainly happen, but it's a bullish signal on the intraday for the rest of today.
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Bob Sacamano
Footballguy
I'm waiting for a Triple Lindy before I push more in.
beef
Footballguy
skycriesmary
Climbing up the Walls
GBTC, HGEN, RWLK sure have been building a lot of character lately. 
I hope that’s not where you are putting large portions of what you want to invest. I’ve got a lot (sold 1/3 at $6.50 to kind of cover costs) of CYDY but it’s just a few percent and still up a bunch. Outside of that, everything I own is what I want for long term. Doesn’t mean I won’t sell some but it’s not speculative. All three stocks you listed are very speculative and it says something that the Bitcoin one may be the most stable. It wouldn’t shock me if all the people who talked up RWLK before you bought don’t own any right now.GBTC, HGEN, RWLK sure have been building a lot of character lately.
I was actually looking out over the last week or so, but I'm definately not a chart person at all.
ericttspikes
Footballguy
added SE, ADBE and AMZN
BassNBrew
Footballguy
BassNBrew
Footballguy
@stbugs
Did I follow you on this or did I recommend it? KCAC up 71% today.
VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
BY Reuters
— 11:20 AM ET 09/03/2020
By Paul Lienert
(Reuters) - QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG , said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp (KCAC) with an enterprise value of $3.3 billion.
San Jose-based QuantumScape, a 2010 spinout from Stanford University, said it will form a joint venture with VW to produce solid-state battery cells, starting in 2024, for the German automaker's electric vehicles, and eventually for other carmakers.
"Our ambition is to be a (battery) supplier to the industry as a whole," QuantumScape founder and CEO Jagdeep Singh said in an interview.
QuantumScape is the latest transportation startup to tie up with a special-purpose acquisition company, or SPAC. Among the recent SPAC-backed transactions: Lidar maker Luminar, electric truck maker Nikola, electric shuttle maker Canoo and electric car maker Fisker.
A SPAC is a shell company that raises money through an IPO to buy a private operating company, typically within two years.
Shares of the Kensington SPAC were up 58.4% at $15.84 in late morning on Thursday.
VW has committed more than $300 million to QuantumScape. Other corporate investors include Shanghai Auto , which is partnered with VW in China, and German auto supplier Continental AG .
Venture backers include Bill Gates, Khosla Ventures and Kleiner Perkins. The Qatar Investment Authority also participated in the latest funding round.
Ahead of the merger announcement, QuantumScape raised $500 million from institutional investors, led by Fidelity Management & Research.
The SPAC deal is expected to close in late 2020, when the new company will trade on the NYSE under the ticker symbol QS.
Singh said QuantumScape's lithium-metal battery uses a solid ceramic electrolyte which he said is safer than a conventional liquid electrolyte. It also eliminates the need for an anode, allowing the battery to charge more quickly - up to 80% capacity in just 15 minutes. Also, its energy density is much higher, exceeding 400 watt-hours per kilogram, which far surpasses 250 Wh/kg for the best current lithium-ion batteries.
"The company has an opportunity to redefine the battery landscape," said J.B. Straubel, a member of QuantumScape's board who is CEO of battery recycling startup Redwood Materials and a co-founder of Tesla Inc .
Kensington is a SPAC headed by investment banker Justin Mirro, a specialist in transportation-related deals who will join QuantumScape's board. Kensington's directors include Tom LaSorda, former vice chairman of Chrysler; Don Runkle, former vice chairman of Delphi, and Matt Simoncini, former CEO of Lear Corp.
Did I follow you on this or did I recommend it? KCAC up 71% today.
VW-backed battery maker QuantumScape to go public at $3.3 billion valuation
BY Reuters
— 11:20 AM ET 09/03/2020
By Paul Lienert
(Reuters) - QuantumScape, the 10-year-old Silicon Valley battery startup backed by Volkswagen AG , said on Thursday it plans to go public through a reverse merger with Kensington Capital Acquisition Corp (KCAC) with an enterprise value of $3.3 billion.
San Jose-based QuantumScape, a 2010 spinout from Stanford University, said it will form a joint venture with VW to produce solid-state battery cells, starting in 2024, for the German automaker's electric vehicles, and eventually for other carmakers.
"Our ambition is to be a (battery) supplier to the industry as a whole," QuantumScape founder and CEO Jagdeep Singh said in an interview.
QuantumScape is the latest transportation startup to tie up with a special-purpose acquisition company, or SPAC. Among the recent SPAC-backed transactions: Lidar maker Luminar, electric truck maker Nikola, electric shuttle maker Canoo and electric car maker Fisker.
A SPAC is a shell company that raises money through an IPO to buy a private operating company, typically within two years.
Shares of the Kensington SPAC were up 58.4% at $15.84 in late morning on Thursday.
VW has committed more than $300 million to QuantumScape. Other corporate investors include Shanghai Auto , which is partnered with VW in China, and German auto supplier Continental AG .
Venture backers include Bill Gates, Khosla Ventures and Kleiner Perkins. The Qatar Investment Authority also participated in the latest funding round.
Ahead of the merger announcement, QuantumScape raised $500 million from institutional investors, led by Fidelity Management & Research.
The SPAC deal is expected to close in late 2020, when the new company will trade on the NYSE under the ticker symbol QS.
Singh said QuantumScape's lithium-metal battery uses a solid ceramic electrolyte which he said is safer than a conventional liquid electrolyte. It also eliminates the need for an anode, allowing the battery to charge more quickly - up to 80% capacity in just 15 minutes. Also, its energy density is much higher, exceeding 400 watt-hours per kilogram, which far surpasses 250 Wh/kg for the best current lithium-ion batteries.
"The company has an opportunity to redefine the battery landscape," said J.B. Straubel, a member of QuantumScape's board who is CEO of battery recycling startup Redwood Materials and a co-founder of Tesla Inc .
Kensington is a SPAC headed by investment banker Justin Mirro, a specialist in transportation-related deals who will join QuantumScape's board. Kensington's directors include Tom LaSorda, former vice chairman of Chrysler; Don Runkle, former vice chairman of Delphi, and Matt Simoncini, former CEO of Lear Corp.
McBokonon
Footballguy
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beef
Footballguy
cosjobs
Footballguy
cosjobs
Footballguy
Hold and pray for capitulation. If its apparent things are trending up, sell for some profits and avoid future Wash Sale designations. Big question is what to do Friday close before the long weekend.
You got lucky. I may have seen it but I never followed it at all. Would have been good for today. I’m following it now just to look into it.
beef
Footballguy
I added to some ETFs in my Roth Traditional. FIVG, LRNZ, IPAY. Nothing huge. Normal monthly excess cash adds I do after all the monthly bills are paid.
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BassNBrew
Footballguy
Lucky?
That’s skilled investing. It’s not like I accidentally bought the wrong ticker symbolThat’s skilled investing. It’s not like I accidentally bought the wrong ticker symbol
ConstruxBoy
Kate's Daddy
-OZ-
Footballguy
Just curious, what's your investing plan?
I couldn't imagine my Roth IRA being funded with excess cash.
Lol. The upper layer of depth is clearly gone. I do think there’s some individual froth still on some stocks but woods that was a big haircut for me. Not big as in anywhere remotely close to March, more like a week.
McBokonon
Footballguy
I was mostly reacting to CNBC. They must have said frothy Eleventy billion times today.
The got it from me since I believe I said that 100 times in regards to Tesla the past couple weeks. They are just trying to explain it. One thing I hate the most about most analysts is that they give you an explanation of why something already happened.
-OZ-
Footballguy
beef
Footballguy
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There are no job titles in financial services with prognosticator in them. When you hear the term stock analyst those are the folks who set year out target prices for stocks and markets. While technical analysts do deal with past events and trends, they also use those to predict future movements. I use analyst in that vein, people that do predict trends and/or individual stock targets.
Also, I was just making fun of the folks who try to explain why and can’t ever say something is acting irrationally or gone too high. It’s like there has to be a justification and they bend themselves over backwards to come up with something.
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-OZ-
Footballguy
I was joking. I do find it somewhat odd that analysts are supposed to predict the future price of a stock. I do get that they should analyze the company and perhaps that includes the "fair price" of a share.
-OZ-
Footballguy
Even so. I'm just curious as to why the IRA is extra cash. It's the first thing I fund every year, although contributing to the company match takes priority.
Darn it. I didn’t get my edits in. I was really making fun of the hoops they jump through to put some sort of explanation. For example, on Monday they’ll explain that stock splits allow more people to buy in and yada yada as it goes up and then follow it up with a well a split really doesn’t change the true fundamentals when it dips back down.
cosjobs
Footballguy
-OZ-
Footballguy
Bob Sacamano
Footballguy
effin cappy
FreeBaGeL
Footballguy
wazoo11
Footballguy
I noticed today that S&P 500, Dow Jones and NASDAQ all dropped like a rock today. Is there a particular reason? Was there any important news that come out causing it? Or is it just the regular traders locking in their profits/correction ? Thanks so much!
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Capella
Footballguy
Profit taking. We’ll be back to yesterday’s numbers shortly. People forget what it’s like to see red numbers and panic.
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