The one that I really like that I was already in is GoldmanSachsAHU II.
They have already done this once. https://www.fool.com/investing/2020/07/29/why-goldman-sachs-just-raised-700-million-for-a-ne.aspx
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Stock Thread (20 Viewers)
- Thread starter St. Louis Bob
- Start date
They have already done this once. https://www.fool.com/investing/2020/07/29/why-goldman-sachs-just-raised-700-million-for-a-ne.aspx
Texas Football
Footballguy
I'm just putting this out there and I can't say this is a miracle investment, but just in case there is interest. OTC Pharma again... I had mentioned it once before, but I wasn't sure it was worth anything.
A friend recommended NWBO a few months ago and I chunked some change into it. The last two weeks it has taken off. I am just now actually doing research(reading message boards) and there seems to be some excitement.
Dare I say CYDY type excitement from June.
Cancer treatment that may work on all solid mass tumors seems out there... It is going up with no news as they wait for data lock or unblinding. Very speculative, but just mentioning in case anyone has dealt with this one.
A friend recommended NWBO a few months ago and I chunked some change into it. The last two weeks it has taken off. I am just now actually doing research(reading message boards) and there seems to be some excitement.
Dare I say CYDY type excitement from June.
Cancer treatment that may work on all solid mass tumors seems out there... It is going up with no news as they wait for data lock or unblinding. Very speculative, but just mentioning in case anyone has dealt with this one.
Hey, at least Metacrine ended down 10%. Glad I didn’t get in on that at $13.
Question for you guys on the SPACs. If you are at the pre-split into a warrant (don’t usually get a full warrant) and a share, how does that work? I didn’t buy at the IPO, does that matter? When it splits do you just get one share of the stock and then a fraction of a warrant share? I don’t think I’ve gotten in pre-split so far so wanted to know how that worked since some that you mentioned are pre-split.
Also, seems like CFFA’s new merger cutoff is tomorrow.
For @BassNBrew and @beef
Question for you guys on the SPACs. If you are at the pre-split into a warrant (don’t usually get a full warrant) and a share, how does that work? I didn’t buy at the IPO, does that matter? When it splits do you just get one share of the stock and then a fraction of a warrant share? I don’t think I’ve gotten in pre-split so far so wanted to know how that worked since some that you mentioned are pre-split.
Also, seems like CFFA’s new merger cutoff is tomorrow.
For @BassNBrew and @beef
beef
Footballguy
I've never held any long enough to deal with the warrants. FMCI and OPES were the first SPACS I ever got in so I'm kind of learning as I go.
Me too, IPOC and IPOB I think we’re already past that as well. I think that happens early even if no merger announced.
ChiefD
Footballguy
You couldn't have told us this a few months ago?
Shame on you.
(j/k thanks for the tip.)
-OZ-
Footballguy
I've been using HR block for years now (free for veterans).
Do you get the K1 before April? I've been told it can cause delay. I'm not too concerned about that going forward as we'll start owing taxes this year, I'm intentionally slightly underpaying so the incentive to file early isn't there any more.
beef
Footballguy
March 15 is the deadline for K1's to be distributed to partners and filed with the IRS.
Good to know about HR Block. I may have to switch to the free service since I no longer need the business software.
Any thoughts on participating in a paid lending program by a broker? I got an email from Fidelity that they pay you interest (example was 8.5%) if you make your shares available to lend. You can sell the shares at any time and you still own the shares. It seems like a good opportunity to get additional cash since I plan to hang on to what I've got now, hopefully for years. Just thinking about one of my top holdings and how much I have, based on their example it'd be around $10k a year. That's like an extra 50% return if you are holding a stock for 5 years.
Seems like the biggest risk is potentially holding on too long or Fidelity's loan goes belly up and you don't get the share increase. It seems like there is collateral that you could receive, but it's based on the original market value. That would be if Fidelity defaults and that seems like a non-issue.
Thoughts?
Seems like the biggest risk is potentially holding on too long or Fidelity's loan goes belly up and you don't get the share increase. It seems like there is collateral that you could receive, but it's based on the original market value. That would be if Fidelity defaults and that seems like a non-issue.
Thoughts?
McBokonon
Footballguy
Interactive Brokers has offered that for awhile, called the “stock yield enhancement program” so you can look up reviews for that. I’m curious if your shares get borrowed if that stops you from writing covered calls and what the income difference would be if so. I can see letting the volatile growth stocks get borrowed but I like doing OTM covered calls on the more stable stuff.
FreeBaGeL
Footballguy
I read up on it a bit. Didn't see anyone mention options so I'm not sure how it affects covered calls.
Outside of that the only potential issue is dividends. IB tries to give you the shares back before the dividend is paid but if they don't get it back to you in time they just pay you the dividend in cash, which is not as good for tax purposes.
I don’t want to say that sounds hard, but a lot more work. Also, if you sell a covered call can’t you also limit your upside? I am not an option expert but I thought via options that you could end up losing shares. I don’t want to limit upside at all and in this loan case I don’t see where I would actually lose my shares at say a specific price.
I don’t get much in the way of dividends but I thought it said you get them in the loan case. That’s a good question on the tax side. Taxes are big to me with my wife and I working. Anything above salary like short term capital gains we get whacked.
Lol. I got my wish. I got in on one of the undersubscribed IPOs. I’m sure there will be 0 pop but I just wanted to get something. Figured if I played nice and sell after 15 days it might somehow factor in future ones. No idea if that’s the case but in an oversubscribed one in the future as a company I’d want to reward the people who buy up the stinkers! Only 200 shares at $14 (PTVE), so not a ton of risk or reward.
I’d have to talk to him though and that makes me remember going to a timeshare meeting with my parents. It was my fault they were giving away silver dollar rolls and my dad didn’t mind. Also had a co-worker bring me to an MLM meeting once as well. I did it because he was a great guy and honestly I wanted to go and then plant some seeds of doubt so he wouldn’t join up. I changed jobs so no clue.
Anyway, maybe I’ll meet with him just for fun but if it is awful, I’m going to make your life miserable.
Oh yeah, I know it’s a dog. I won’t hold long at all and I’ll probably lose a couple hundred.
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beef
Footballguy
Looking so, man. Wasn't expecting this drop everywhere this morning. Bought some TQQQ. Have another limit set at 115.
McBokonon
Footballguy
There’s a chance you can get them called away, but I sell short term, way the hell out of the money calls. Less premium, but I’m ok with that. Basically just adding 6-7 dividends a year. The only time recently I’ve had a stock exceed my call price was when ABT announced their five minute test and it shot up. I also try to avoid doing it around earnings just in case they have a lights out quarter. With ABT, I just rolled it forward and will keep doing that until I don’t need to anymore.
It’s some work but I find all of this fun.
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ghostguy123
Footballguy
Stonks keep going down
I wish I sold that last chunk of CYDY last week (kept last 1/4). I think it was Tuesday or maybe the week before. I did that to build up cash and I have a feeling some of the stocks I’m interested could be on sale not just today but maybe even cheaper.
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What % return do you see on that? Just wondering if this might be a nice set it and forget it for long term stocks that I don’t plan on selling.
beef
Footballguy
I did the same thing. Sold off the majority of what I had when it was above $5, one sale in the mid 4's I think. Left with 5000 shares and should have just unloaded that too.
Oh ####, just looked. low 3's...
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Punxsutawney Phil
Footballguy
Sold off some pre-market. Looks like we are going to be down today.
McBokonon
Footballguy
I haven’t really tracked it that meticulously. All of my stocks are in IRA’s, but spitballing I might add another 2-3% or so per stock over the course of the year.
Don Hutson
Footballguy
You’re a true ########. Laughing at all my CYDY posts and I guess where I’m losing money. I sold over 3/4 of my shares at about $6 a share so what’s left is free roll. I kept some and I just should have dumped it all. I’m not validating you in any way, just think I’d rather own other things since I think there’s going to continue to be more dips.
Here’s to hoping you’re losing a ton of money today as well! Hopefully, all your risky stuff takes a bath. Not a single other person in either thread that I think that about.
Al Czervik
Not wearing pants
Same. Took my initial investment out a while ago and taking the remainder of funds out today. Was holding out for the uplisting but that sounds doubtful. Will look for other opportunities.
Don Hutson
Footballguy
Gotcha. I’m probably going to sign up after looking through some fine print. @FreeBaGeL brought up good points about dividends so need to check that out as well. Haven’t gotten my follow up email but their examples seemed to allude to returns higher that. 2-3%. I’ll post what I find in case others are interested.
-OZ-
Footballguy
Honestly, I feel a lot better since I've stopped watching too closely (haven't checked my account levels since sep 1). I'll still check in, like the news or sports scores. But I'm taking the next few weeks off from any non routine trading.
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Nope. To humor you, I sold a bunch of what I sold at $6.50 on that mini peak and the rest at $5.10. That totals what I sold overall. Around $6, probably just under, is my estimate of both sales together.
Yep, see above. My estimate of the two different sales combined. Personally, need to throw him on ignore. I don’t mind violent disagreements but I’d never laugh at someone losing money unless they were joking about it.
Punxsutawney Phil
Footballguy
That’s my thinking as well. Rather have an SPAC/IPO or add more shares of stocks I’m following that I wouldn’t mind holding 5+ years. Too much going on and I forgot about the call. I don’t understand how people can do day trading, especially with, in my case a working spouse and kids at home in online school. I probably just need to ignore short term stuff.
Don Hutson
Footballguy
You've been disrespectful toward me for the last couple of months. Saying things like that I only write anti-CYDY things because I am a sad and pathetic person. I guess you can dish it out but not take it.
I love Fidelity, it’s been great. It does help that wife’s and my current 401ks are with them.
McBokonon
Footballguy
