dkp993
Footballguy
Not so much. But I do remember the days of being optimistic about HGEN and CYDY. GME losses weren’t even a glint in my eye yet. Ah, the good ole days.
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Stock Thread (37 Viewers)
- Thread starter St. Louis Bob
- Start date
Desert_Power
Footballguy
SKIN has been a nice post-SPAC run but otherwisestbugs said:
Bob Sacamano
Footballguy
Bob Sacamano
Footballguy
Officially intrigued. The SPARC is why I bought in the first place.
ericttspikes
Footballguy
MUDS terminated the merger, which is probably the best outcome at this point. I'm sitting on a 12 average in MUDS. I kept wondering what I was missing. Topps financials were a total no brainer. Will probably be taking a loss here after it all shakes out, but I'm actually more sad for the death of an icon. Looks like Fanatics it taking total control of the market.beef said:
What is really sketchy is that there is no way this was a surprise to Eisner and Topps. This didn't just happen yesterday. In hindsight, Topps was looking to cashout and hopped on the SPAC train thinking they could close quick. SEC slowing things down probably saved people money. Super scummy. Was a HUGE Eisner fan. He made me $$ as a long time Disney owner. Made great deals and greatly improved shareholder value. Just disappointed all around. I have a feeling Jason Mudrick is equally as scummy, so not super excited to be holding this but I won't be selling until the dust settles a bit.
McBokonon
Footballguy
McBokonon said:
This is why I asked this question. I was never interested in this company so I didn’t look into them, wondering if anybody here read any stated risks and if this was one of them. We’ve seen this with SPACs before - they don’t list everything a traditional company does and we only find out the skeletons as time goes on.
beef
Footballguy
Same. This part bugs me way more than the loss I took on MUDS. Sports cards in the mid to late 80's was my life.
@stbugs Totally agree about the hindsight. I am still excited about digital cards but every app and platform seems like it could be short term and shift around a lot. And why wouldn't MLB just do it 100% themselves and keep all the profits? I definitely let personal feelings towards Topps cloud me here.
@McBokonon I never once read the risks for reasons stated above. It was only a loss of a few hundred and one of my smaller long term long shot positions, but still, lessons to be learned.
Desert_Power
Footballguy
Just IMO, but I've always found Ackman and this SPAC particularly shady. That he continues to push the boundaries of the SPAC structure in ways the SEC isn't happy with just seems like another orange flag.
PSTH was somewhat intriguing because it was such a large trust that it could have taken down a truly special private company that didn't want to go the IPO route. The earlier proposed deal showed to me that it had been turned down by the few number of firms in that range. Wouldn't touch it.
The MLB is basically a group of owners and players that are mainly focused on wins and losses and generating revenue. I can see where they don’t want or can’t become a tech company but they can partner/share revenue and get more money than just licensing. I think digital/NFTs are something that is much easier to get started and less capital intensive so they feel they can get a bigger slice even if they have partners doing the tech. I assume that since Fanatics is being used for other revenue channels that they could broker a better deal too.
ericttspikes
Footballguy
I mean the safe harbor always talks about unknown risks etc., and their contract with MLB was known to run to 2025. I have to assume in retrospect that Topps knew that extending that license beyone 2025 wasn't a sure thing and that they had to know Fanatics was big competition and was working on creating a sports collectible monopoly with all the major US sports leagues. In retrospect this was a deal that was too good to be true. Topps wasn't some start up with no rev, they have been crushing on all metrics. But if they had visibility on how tenuous their future MLB agreement was in particular, the whole thing smells of a scam to get out while the could.
McBokonon
Footballguy
I've been holding, and selling OTM covered calls on up days and adding to my share count with the proceeds. I think the market still sees this as a social media site instead of an e-commerce play. It's sort of a blend but I'm in it for the latter. I do have a feeling it might go sideways for awhile before people scroll past MAU's and notice that they're monetizing the hell out of everyone who's there.
Bob Sacamano
Footballguy
Yeah, the only reason I haven't added yet is I can see comps being so brutal for the next couple of quarters that even good results get overlooked.
I have some FLGT puts expiring today. I may look to replace them with PINS.
ericttspikes
Footballguy
I ended up selling my MUDS instead of waiting to see what happens next. This Mudrick dude seems like a complete scammer. His other SPAC merged with HYMC, trading at the lofty price of 1.58. Yikes. Not worth waiting around for him to destroy the remains of my capital. Lick my wounds and move on.
beef
Footballguy
I poured oil on my wounds and stuck that money in NRGU at 86.80 premarket this morning. 
JB Breakfast Club
Footballguy
https://www.yahoo.com/lifestyle/mudrick-capital-acquisition-corporation-ii-113000437.html
Do I read this correctly - MUDS will no longer become TOPPS?
Whoops. Confirmed above. Blech.
Do I read this correctly - MUDS will no longer become TOPPS?
Whoops. Confirmed above. Blech.
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Bob Sacamano
Footballguy
Petaluma banned future gas station construction, as well as new pumps at existing stations in March. Missed that. Expectation is apparently for other towns in Sonoma County to follow suit. Seems like the kind of thing that could rip through CA.
FreeBaGeL
Footballguy
Worst case we can get $10/share back, right?
I guess the people selling at $9.85 now just don't feel like waiting and want to use that cash elsewhere?
FreeBaGeL
Footballguy
It's almost like the guy that took down the stock market on live TV while failing to disclose his massive short position in the stock market isn't trustworthy.
I've never understood the fascination with Ackman. The guy got mega rich by deceiving the very people who became his fanboys. I'm not surprised in the slightest that this is ending poorly.
JB Breakfast Club
Footballguy
ericttspikes
Footballguy
In theory you can get $10 back if they don't find another company to merge with in the next 16 months. I just figured .15 was't worth the opportunity cost. I also have little confidence that Mudrick can find a deal in the future that would be worth waiting for. MUDS I = HYMC, trading at $1.60 and MUDS II = terminated merger. Not confident in their track record.
Bob Sacamano
Footballguy
Are there really Ackman fan boys? I thought everybody hated him. Even Mrs. Ackman. I'm betting on his ego. And the price is right. The biggest issue is opportunity cost.
Desert_Power
Footballguy
KGB
Footballguy
beef
Footballguy
Topps who?
JB Breakfast Club
Footballguy
Target is expanding its store within a store concept by adding 100+ Disney shops inside their existing stores. I think Target holiday sales are going to be fantastic.
Finally found a stock I believed in, had good fundamentals, and researched. Total cluster
.
JB Breakfast Club
Footballguy
Desert_Power
Footballguy
I’m enjoying it for a change.Such a great day so far....
Yep, rarely do I see tech, energy, and banks all row in the same direction
@McBokonon
I was looking at the move I didn’t make (sell my APP and buy GLBE) before the earnings report of GLBE. Amazingly, GLBE is flat with pre-earnings and APP is up 25%. It means that I could do the swap now and it would basically be like buying GLBE at $55 a week ago. Thoughts?
I was looking at the move I didn’t make (sell my APP and buy GLBE) before the earnings report of GLBE. Amazingly, GLBE is flat with pre-earnings and APP is up 25%. It means that I could do the swap now and it would basically be like buying GLBE at $55 a week ago. Thoughts?
beef
Footballguy
RE: ToppsFinally found a stock I believed in, had good fundamentals, and researched. Total cluster
Still baffles me. I would have loved to been in the room when the discussions were happening and the decisions made to not match Fanatics offer and let MLB go. I can assume a lot, and them not wanting to share profits, etc. I get it. But wtf is the plan now? I can only image a bunch of dudes sitting around room in total defeat like they just got totally cuckolded worse than anyone ever before.
McBokonon
Footballguy
McBokonon
Footballguy
Hard for me to say in your case. I don't know APP enough to say which I'd prefer, and I think my low GLBE cost basis kind of clouds my judgment since I don't have to really decide to start a position here or not. What's your conviction in APP? Can you trim the 25% gain and just start a little in GLBE and wait to see what happens after November lockup (plus one more earnings) before adding more?
ETA: Plus I remain convinced GLBE will issue a secondary for acquisitions
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I actually like APP a little but it was just a tech IPO I got shares in that’s still a little under water. It definitely was undervalued a week ago because of one analyst’s comment compared to their last two quarter’s earnings numbers, but I have no big future hopes for it. I don’t think it has GLBE’s potential. I think I may split my APP into DLO as well which is down a bit today. Then I can add more later.
ericttspikes
Footballguy
In hindsight, I'm of the opinion Topps has known for a while that their contract wouldn't be renewed and the whole idea was to take it public ASAP and cash out before the news hit. Perhaps the SEC slowing down the SPAC process saved some people money here, don't know. The writing was on the wall for a while now. The whole Fanatics owned Candy Digital suddenly releasing MLB NFTs a few months ago was a tell. Fanatics will have a complete monopoly of the major sports collectible market. I don't think that is a great thing for the hobby.
JB Breakfast Club
Footballguy
Desert_Power
Footballguy
BLDP and XLNX joining the party today too 
The General
Footballguy
Today is pretty, pretty, pretty nice.
Sand
Footballguy
BLDP - only 80% to go before I'm even!BLDP and XLNX joining the party today too
Also, sold off most SPACs today (MUDS, looking at you) that don't have targets I really like. IPOD, IPOF now gone. Since I have a big cap gain to work this year all these small losses are washed out.
Stayed in DMYI - really like the future of that one and will stuff it away for a decade - pure bet on my part.
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Flipped half my APP for GLBE (50 shares on each side). Got lucky waiting a week, getting 10 extra shares for the same number of APP shares. Good start to some rearranging I need to do.
Anyone hear of FTHM? Small cap with nice growth (118% last quarter) and a crazy low P/S of like 1.5. IPO about a year ago. Don’t think I’ve ever seen a P/S that low for that high growth.
Anyone hear of FTHM? Small cap with nice growth (118% last quarter) and a crazy low P/S of like 1.5. IPO about a year ago. Don’t think I’ve ever seen a P/S that low for that high growth.
