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Stock Thread (34 Viewers)

cosjobs said:
Stock went up yesterday on news it was getting into Hong Kong market. Then I read this on Bloomberg this morning:

Hong Kong ordered schools to adopt a new national education curriculum that aims to instill “an affection for the Chinese people” and weed out teachers who breach a security law imposed by Beijing last year. Primary and secondary school students will be required to memorize the law’s offenses, which include subversion, secession, terrorism and collusion with foreign powers
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Christ, I thought I was joking. 

 
CR69 said:
Any idea what we’re targeting or what this company is going to do? @NajehHejan what’s the play? Great call already btw, tyty 👍
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I'm up 600% and stupidly haven't sold a single share. i think it has dollar potential. There is a huge online group behind this ticker. As for the actual company, allegedly a reverse merger is taking place with (purportedly) a real New Zealand company (Agrokings) that owns cafes and food related companies. 

 
RMG Acquisition Corp. III (the “Company”) announced today that it priced its initial public offering of 42,000,000 units at $10.00 per unit.  Each unit consists of one Class A ordinary share and one-fifth of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. O 

The Company is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or other similar business combination with one or more businesses. The Company intends to capitalize on the ability of its management team to identify, acquire and operate businesses across a broad range of sectors that may provide opportunities for attractive long-term risk-adjusted returns.

BofA Securities and Barclays are acting as joint book-running managers in the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 6,300,000 units at the initial public offering price to cover over-allotments, if any.

 
Anyone else get this on RMGCU?

Estimated order value, including $0 commission & $50.00 foreign settlement fee:

 
SFBayDuck said:
In continuing my play of looking for EV/sustainable energy SPACs, I'll be looking to get into RMGCU tomorrow if I can get in in the $10s when it starts trading.  They say they are looking to combine with a business that "has a large and growing market with an ESG and sustainability focus."  This is RMG's third SPAC, their first was a merger with Romeo Power (lithium ion batteries for EVs), which ran from $10ish to $37 after the announcement, although it's back down to $18 now.  And the COO was involved with a SPAC that merged with IEA, an engineering and construction company with a renewables segment, which dipped and didn't perform well for awhile but has gone from $5 range in September to as high as $24 since.

If you're looking for a legalized gambling play, might want to look into GHACU.  They're looking to combine with a "regional gaming, distributed gaming, or online/sports betting business."  They have the CEO of Affinity Gaming involved, looks like they own a bunch of small casinos I've never heard of.  They started trading today and closed at $10.40.  

There was talk here about how small SPACs tend to be, but in the past couple of days we had JWSM.U at $900M and AAC.U at $870M both start trading, both had really generic language in their announcements and I haven't dug into them much yet.

As alway, caveat is I don't know what I'm doing ;)   
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BassNBrew said:
Anyone else get this on RMGCU?

Estimated order value, including $0 commission & $50.00 foreign settlement fee:
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Nope.

02/05/2021    
Buy 200 of RMGCU at Market (Day)    Filled at $10.95    
 

 
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Jumped back in PLTR at the open which is already paying off. Also opened a position in LAZR where another good-looking pennant is forming. 

 
I have a medium position in CARR with a cost basis of 30.  Ive kicked myself for not selling at 40 previous months.  Right now it seems to be riding a positive wave up to the earnings report on 2/9.

Im thinking I should sell before earnings and get out.  My experience is that after earnings price drops.  Im not sure I want to be long in CARR so id like to have the cash for other.

Thoughts from the cabal?

 
Sand said:
I use 5.25% ROR with 2% inflation.  I figure that 2% is reasonable in today's world, though it and sequence of returns are the two biggest knobs in how a portfolio holds up (and they're both completely out of one's control).  If inflation hits 5% for a long time I'm hosed.
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:thumbup:

Mine is with 3% inflation for what it's worth.

 
Notable profits for the buyer who lifted the $5.20 offer for 1,493 TPG Pace Beneficial Finance ( TPGY ) Apr-21 30 calls yesterday at 15:11ET when underlying shares were trading at $28.89. Shares closed at $30.83, and the calls at $5.85 for a mark-to-market profit of 12%, or $97K, on the $776K outlay.

Someone teach me how to do this.

PS: Most all my eggs in the EV battery basket are TPGY. They actually already have a huge network of charging stations throughout Europe.

 
IBIO earnings is 2/12.  The thoughts are this earnings will be much of the same, very ho hum.  I'm guessing this is why we aren't seeing upward trends right now.  I do know the previous downward trends were based off an additional stock offering to raise capital.  The good news there is based on the current balance sheet they wont need to raise more until Oct 22.  I also read anecdotally that "some guy in FL who is in construction" is able to see construction of a new facility less than a mile from his house.  Meaning, IBIO is expanding.

I'm thinking this earnings will be average or below, but then we will get some upward trend due to positive outlook over the next 2 quarters.  My exit strategy will be Q3 or Q4.

 
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tonysmiles said:
2 stocks for example that may benefit from the Biden policies of green energy HYSR and SAENF.  Now what is the Robin Hood impact on these stocks since they are on OTC and currently Robin Hood buyers cannot purchase.  Do we see exponential growth if they uplist and then are able to be purchased by Robin Hood.
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:excited:

 
As folks know in here, im bullish on BB.  I doubled up with an adjusted cost per share of 13.1 which still puts me under water.

I believe BB is still a super strong long opportunity.  The current scuttlebutt is a positive, but not exponential, earnings 03/30.  Additional thoughts are there may be some interesting findings when the fakebook patent agreement details are released.  Other notables are that BB has opened 100 new job positions being a great indicator of positive growth outlook.  Finally, the pie in the sky is rumblings of merger/acquisition with AMZN.  I dont buy that it will actually happen, but bringing BB closer to AMZN can only help stock price.

 
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