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Stock Thread (21 Viewers)

Whaat's up with HCAC and PIC?

This morning Fidelity no longer shows the symbols, instead:

42589C104HENNESSY CAP ACQUSTION CORP IV CL A COM

and 
 

72582K100PIVOTAL INVT CORP II COM CL A
Electric Vehicle Company Canoo And Hennessy Capital Acquisition Corp. IV Announce Closing Of Business Combination
Canoo to Trade Under Ticker "GOEV" on Nasdaq Beginning Tuesday, Dec. 22, 2020

XL Fleet and Pivotal Investment Corporation II closes previously announced merger

Dec. 22, 2020 6:40 AM ETXL Group plc (XL-OLD)By: Niloofer Shaikh, SA News Editor6 Comments

XL Fleet (NYSE:XL) has completed its previously announced merger with Pivotal Investment Corporation II (NYSE:PIC).

The combined company commences trading today under the new name 'XL Fleet Corp' and ticker symbols 'XL' and 'XL WS'.

XL Fleet received ~$350M in cash proceeds, which will be used to advance XL Fleet’s position as a leader in fleet electrification through the development of new products, including all electric and Class 7-8 solutions, further the deployment of the company’s XL Grid charging infrastructure division and its complete “Electrification as a Service” offering, as well as to accelerate XL Fleet’s plans to expand internationally.

Good?

 
Electric Vehicle Company Canoo And Hennessy Capital Acquisition Corp. IV Announce Closing Of Business Combination
Canoo to Trade Under Ticker "GOEV" on Nasdaq Beginning Tuesday, Dec. 22, 2020

XL Fleet and Pivotal Investment Corporation II closes previously announced merger

Dec. 22, 2020 6:40 AM ETXL Group plc (XL-OLD)By: Niloofer Shaikh, SA News Editor6 Comments

XL Fleet (NYSE:XL) has completed its previously announced merger with Pivotal Investment Corporation II (NYSE:PIC).

The combined company commences trading today under the new name 'XL Fleet Corp' and ticker symbols 'XL' and 'XL WS'.

XL Fleet received ~$350M in cash proceeds, which will be used to advance XL Fleet’s position as a leader in fleet electrification through the development of new products, including all electric and Class 7-8 solutions, further the deployment of the company’s XL Grid charging infrastructure division and its complete “Electrification as a Service” offering, as well as to accelerate XL Fleet’s plans to expand internationally.

Good?
It’s been a mixed bag on the conversion

 
Electric Vehicle Company Canoo And Hennessy Capital Acquisition Corp. IV Announce Closing Of Business Combination
Canoo to Trade Under Ticker "GOEV" on Nasdaq Beginning Tuesday, Dec. 22, 2020

XL Fleet and Pivotal Investment Corporation II closes previously announced merger

Dec. 22, 2020 6:40 AM ETXL Group plc (XL-OLD)By: Niloofer Shaikh, SA News Editor6 Comments

XL Fleet (NYSE:XL) has completed its previously announced merger with Pivotal Investment Corporation II (NYSE:PIC).

The combined company commences trading today under the new name 'XL Fleet Corp' and ticker symbols 'XL' and 'XL WS'.

XL Fleet received ~$350M in cash proceeds, which will be used to advance XL Fleet’s position as a leader in fleet electrification through the development of new products, including all electric and Class 7-8 solutions, further the deployment of the company’s XL Grid charging infrastructure division and its complete “Electrification as a Service” offering, as well as to accelerate XL Fleet’s plans to expand internationally.

Good?
Down 67% for XL???  I'll buy a little and see if it's an overreaction.   

 
Making boatloads this am, and all I can do is lament not getting in on CYDY when Chet declared a week ago that it was about to run from 3 to 10. I legit need to see a shrink. 

 
Sold that one WAY too early.
Wanted in but watched it way too ####### long. Hate when I do that.

That said why is BTWN up 7% today and not crashing back to earth? SPACs are getting silly. Tokopedia is planning for a US and domestic IPO. The article even mentions BTWN as having sent them a proposal. So BTWN is up 45% in a couple weeks and rising even though the rumor has been pretty much settled and I even mentioned it before that the IPO is less speculation because the company already hired JP Morgan and another firm, basically to handle an IPO. Mystifying and if I wasn’t a long term guy I’d be moving a lot more to cash.

 
Made some pretty big moves this AM.

SOLD all my AMZN

Purchased ARKK and ARKG


Purchased 2000 shares of HAACU from recommendation here :thumbup:

Purchased STIC.U @ $15/share
Good luck, but damn you are putting a lot of money into some really risky and rich stocks. I’m not selling any Amazon yet, because it’s kind of like the ignored stock right now and it’s reasonably priced. It’s don’t that before and then had a nice run. It’s funny because I’m sitting on it also because it is more of a safe stock as funny as it sounds.

Don’t want to give you any advice, it’s your money just posting because it caught my eye. Maybe $120k or so in PLTR and an SPAC is small potatoes just did a second take and wanted to say good luck.

 
  • Thanks
Reactions: KGB
Good luck, but damn you are putting a lot of money into some really risky and rich stocks. I’m not selling any Amazon yet, because it’s kind of like the ignored stock right now and it’s reasonably priced. It’s don’t that before and then had a nice run. It’s funny because I’m sitting on it also because it is more of a safe stock as funny as it sounds.

Don’t want to give you any advice, it’s your money just posting because it caught my eye. Maybe $120k or so in PLTR and an SPAC is small potatoes just did a second take and wanted to say good luck.
Thanks.  I feel PLTR and ARK are safe.  I think I felt like I missed out on alot with so much $$$ in amzn for 6 months doing nothing.  I may lower my bets on STIC.U and HAACU and come back to earth a bit.

STIC.U is bringing barkbox.com to the market.  

 
Made some pretty big moves this AM.

SOLD all my AMZN

Purchased ARKK and ARKG
A lot of people are on this train. I didn't go big enough with them but they add some icing on the cake for us. 

I'm thinking of selling Amazon, but that's in my taxable account. I don't really want more capital gains this year.

 
Wanted in but watched it way too ####### long. Hate when I do that.

That said why is BTWN up 7% today and not crashing back to earth? SPACs are getting silly. Tokopedia is planning for a US and domestic IPO. The article even mentions BTWN as having sent them a proposal. So BTWN is up 45% in a couple weeks and rising even though the rumor has been pretty much settled and I even mentioned it before that the IPO is less speculation because the company already hired JP Morgan and another firm, basically to handle an IPO. Mystifying and if I wasn’t a long term guy I’d be moving a lot more to cash.
No idea, but I haven’t really done the EV plays and that Tokopedia rumor, as you note, is still just that (plus I have SE which is better than them, anyway.)

My SPACS now are BFT which is merging with Paysafe, an established Fintech, and HAACU, the Livingo people. That’s it.

 
It's fun when you take your eye off of things for a moment and then see the stock you bought in multiple accounts with "leftover" funds is up over 25% in the last week. KOPN has done very well after it dropped HUGE earlier this year. 

Down 6% today, might be worth throwing some cash in.

 
I grabbed some shares of the Gores V just over $10, 'cause I had a little cash sitting around and it's a low-risk way to wait and see what they do. 

 
Currently at

PLTR - $25.14

ARKG - $103.57

ARKK - $133.24

AVGO - $355

STIC.U - $15

HAACU - $11.81

KALA - $7.46

 
Thanks.  I feel PLTR and ARK are safe.  I think I felt like I missed out on alot with so much $$$ in amzn for 6 months doing nothing.  I may lower my bets on STIC.U and HAACU and come back to earth a bit.

STIC.U is bringing barkbox.com to the market.  
Good to see people realize what a shyster this Bezos guy is

 
What's the thoughts on QS at current prices? Kicking myself for not adding any a couple weeks ago, but who could have envisioned the Apple car?
The funny part is that Apple is working on its own breakthrough battery technology according to the articles, not QS. I wouldn’t touch QS at these prices. $43B market cap and from what I read they won’t be starting production until 2025.

Honestly, at these prices you’d be better off investing in VW. They are barely up since January and they own 1/3 of QS.

 
What's the thoughts on QS at current prices? Kicking myself for not adding any a couple weeks ago, but who could have envisioned the Apple car?
It doesn't make sense to me.  $35B $40+B company and they're still years away from actually making a profit?  QS is a hugely disruptive tech though, and people love that.  

Still too rich for my blood right now.  

 
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I usually like when I’m right, but this time I don’t. 
Me either. That was a damn quick swing. Basically flat so better than the market but was up well over 1% a half hour ago.

5 seconds later up a half percent. Where’s TVIX when you need it? Lol.

 
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It doesn't make sense to me.  $35B $40+B company and they're still years away from actually making a profit?  QS is a hugely disruptive tech though, and people love that.  

Still too rich for my blood right now.  
Hah, making a profit. From their own PR they are 5 years away from revenue, probably almost a decade away from profit.

This is why I feel so gosh darn tempted to trim. It’s getting funny money out there. I have no idea how much but there seems to be a huge wave of short term investments that grab hold of a handful of stocks/one skinny sector and take it to the moon. I’m not running that wave so I’m likely on the sideline unless we guessed right (like ZM for the pandemic).

 
Have you ever held a long position that you still like going forward, but felt that you didn't own enough shares to trim?  I feel like that's where I'm at up around 250% with MVIS and UAVS.  At this point I'm thinking about averaging up on a dip, but it just feels dirty.  I'm still not a confident trader either.  These were some of my earliest buys back in May and I should have added in the $2's/$3's.  

For the spac BFT, I'll have the ability to trim profit as the merger approaches and have a good amount left to go long with PSFE if I choose.  Learning as I go I suppose.  

 
WTF is my KNSL down 10%? Only news is that it’s out of the S&P SmallCap 600. While that might seem bad, the reason is because it’s market cap has gone up enough that it’s joining the S&P MidCap 400. SMH, this market right now is driven by PR and not even reading things well.

I thought DoorDash was the bat signal for froth top but this might do it for me. Moving up to a bigger index causing a 10% drop because it got removed from another since it can’t be in both.

Just to add, the stock it replaced in the mid cap index is flat and the stock that replaced it in the small cap index is up 10%. Lol, you can’t make this stuff up now.

 
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CYDY action just screams shady. Again.
Not shady but even though it’s down a bit today at $5.70, it’s a $3B company. $10 a share would be $6B. There are a lot more companies now and some amazing new tech coming in the cancer arena. I think CV may be the main thing but is that worth $6B? They don’t have a drug pipeline like some of these other new biotechs so it will be interesting. I think the same thing about HGEN. Both will clearly get a pop if they ever get approval but I’d bail at that moment and god forbid the trials don’t do well enough to get approvals.

I made my money on it and reinvested (portfolio up about 50-55% since I sold), so I feel no urge to jump in. Hope the rest of the folks in there make their money too, but no chance I’d dive back in now. I sleep way better not having a lot of it!

 

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