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Stock Thread (14 Viewers)

stbugs said:
Yeah, I don’t think you get the stock. It was flat because it was a SPAC. That’s just a bunch of money looking for a company to go public. When the merger was announced that’s when the stock popped. That’s how they work. It’s possible for an SPAC to find nothing and close and give back the money. 
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Okay, that's helpful. 

Nevermind the rest - I read, I think I get it now.

 
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-OZ- said:
Okay, that's helpful. Basically you're betting on their management finding more good companies to buy and that lordstown motors is worth more than they paid? It seems you could just invest in RIDE after it's listed - or is this to get in before the IPO?
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That’s exactly it. If you research who’s in charge of the SPAC and they have a good track record, have identified an industry you are interested in, etc. you buy the SPAC stock and wait. The pop, if there is one, happens after they reach agreement with a company. Then you determine if you like who they are merging with and go from there.

 If they don’t find a company in a certain amount of time, maybe 2 years, they could fold the SPAC and your money is refunded. I think, but I’m not 100% on this, that the refund amount is set per share so it’s possible you get less than you paid if you bought in higher. I’m not completely sure, though.

 
McBokonon said:
Hit 5.30 today (was around 4.15 when I posted this.) A 25+% jump in a few weeks was way more than I expected. I was just planning to wait on this for awhile and adding on occasion, figuring I’d watch it move gradually until we learn their big customers liked what they did and gave them more jobs, which could snowball.
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just popped to 5.61, something is happening here, maybe an institution is accumulating?

 
McBokonon said:
Hit 5.30 today (was around 4.15 when I posted this.) A 25+% jump in a few weeks was way more than I expected. I was just planning to wait on this for awhile and adding on occasion, figuring I’d watch it move gradually until we learn their big customers liked what they did and gave them more jobs, which could snowball.
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Man, I must have skipped over this post earlier. It's the kind of thing I'd usually get into or at least consider. 

Up 8% today, nice grab.

 
Capella said:
Have some rlftf at .37. Anybody buying in the 50s? I haven’t yet but am weighing it. 
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I'm not. 

Might regret it, but with the press it has gotten it hasn't done squat in the grand scheme of things. I figured we would at least see some minor increases based on the press, but it's not for now.

If it hits even marginally it will balance out my CYDY losses and allow me to get out from under that turd. 

 
guru_007 said:
AMZN 3000 here we come :drive:

Remember how long it took for a company to get to $1 trillion market cap?  MSFT and AMZN at at or above $1.5 trillion already :loco:
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And like that, AAPL is at $2 trillion.  Unreal

Heard that AAPL market cap gained $1 trillion in 3 months.  :loco:

 
Hopefully there are some investors who buy stocks on name alone, like there are gamblers who bet on horses for the same reason.  Upcoming IPO for chain of brewpub (Bricktown Brewery) listing as BEER.  

 
bshell27 said:
Hopefully there are some investors who buy stocks on name alone, like there are gamblers who bet on horses for the same reason.  Upcoming IPO for chain of brewpub (Bricktown Brewery) listing as BEER.  
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I came really close to buying OZL.AX - OZ Minerals Limited a while ago. It's only doubled since March :kicksrock:

 
Call this a noob question, but can someone tell me why you would invest in an Inverse / Leveraged Inverse ETF?

For instance, I see MYY (ProShares Short Mid-Cap400) trading at $35.98 and don't know what the point in parking money in this is  :shrug:

Can someone please help a poor dumb drunken slob out?

 
drunken slob said:
Call this a noob question, but can someone tell me why you would invest in an Inverse / Leveraged Inverse ETF?

For instance, I see MYY (ProShares Short Mid-Cap400) trading at $35.98 and don't know what the point in parking money in this is  :shrug:

Can someone please help a poor dumb drunken slob out?
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To gamble.

 
drunken slob said:
Call this a noob question, but can someone tell me why you would invest in an Inverse / Leveraged Inverse ETF?

For instance, I see MYY (ProShares Short Mid-Cap400) trading at $35.98 and don't know what the point in parking money in this is  :shrug:

Can someone please help a poor dumb drunken slob out?
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You wouldn't park money in it.  Those are designed for relatively quick in and out trades when you are bearish.

 
drunken slob said:
Call this a noob question, but can someone tell me why you would invest in an Inverse / Leveraged Inverse ETF?

For instance, I see MYY (ProShares Short Mid-Cap400) trading at $35.98 and don't know what the point in parking money in this is  :shrug:

Can someone please help a poor dumb drunken slob out?
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As already answered, it's a gamble.

One reason might be as a hedge. You don't want to sell all your holdings but you think the market may fall. 

I made a bit of coin in TZA in March. But then lost it and more because I held on too long. But, and this is just mental, having a small amount in it helped me relax as our other investments sank.  We still lost money with everyone else, but at least that gamble paid off at first.

 
-OZ- said:
As already answered, it's a gamble.

One reason might be as a hedge. You don't want to sell all your holdings but you think the market may fall. 

I made a bit of coin in TZA in March. But then lost it and more because I held on too long. But, and this is just mental, having a small amount in it helped me relax as our other investments sank.  We still lost money with everyone else, but at least that gamble paid off at first.
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Yeah, I like this approach. I think the mental part of investing is half or more of it. What is the old Yogi Berra quote?

Anyway, having a small amount of a contrarian investment in your portfolio will not really do that much to offset your 98% of "normal" stocks, but if holding it makes you feel a little better and less panic when the market dips, I think it's worth the overall loss. You'll recoup that amount by not selling in dips. 

 
Dr Javitt said last week that he had a surprise coming for RLFTF sometime this week.  Has that surprise happened?

 
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Todem said:
Capitulation 

Shopping list we will take positions in. Deploying 12-15% of the 25% cash we have. 30% off the highs was where I was looking and we are going to be in that hot zone today.

AAPL

AMZN

GOOGL

EMR

CSCO

T

EXC

LMT

PG

JPM

INTC

MSFT

GLPI

BA

BMY

TGT

VZ

At some point the most stressed area (Travel/Leisure/Oil)

PEO - This is my oil play

DIS

CCL

DAL
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BassNBrew said:
Geez...Target is smoking.  Up 12%
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On the master list my friend. 3/16/20 price was at I wanna say 75ish?

 
BassNBrew said:
@hooter311

ETHE...DCA down or is it headed to Zero?
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I'm completely stumped.  That last SEC filing has now dropped the ETHE to ETH premium from 300% to like 20%.  It theoretically won't trade for less than for 1/11 of ETH but this downtrend is unexplainable.  if this happened to ETHE...GDLC is a flipping time bomb.

 
Capella said:
Debating dumping all my cydy and just loading the train on this :lmao:  
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Yeah. I have a feeling we are sitting on a powder keg with this thing.  There have been good results on this drug. If that Houston firefighter recovers because of this drug watch out. 

 
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