What's new
Fantasy Football - Footballguys Forums

This is a sample guest message. Register a free account today to become a member! Once signed in, you'll be able to participate on this site by adding your own topics and posts, as well as connect with other members through your own private inbox!

Stock Thread (12 Viewers)

@FreeBaGeL  Re:NKLA/NKLAW

Thanks.  I'm all warrants and starting to feel like I should reduce some too.  Almost did on Wednesday when NKLAW was above $30 again.  I averaged down and at the point I'll make some decent money right now, not your level though.  I too was planning to hold and ride out til July and then get out.        

 
beef said:
@FreeBaGeL  Re:NKLA/NKLAW

Thanks.  I'm all warrants and starting to feel like I should reduce some too.  Almost did on Wednesday when NKLAW was above $30 again.  I averaged down and at the point I'll make some decent money right now, not your level though.  I too was planning to hold and ride out til July and then get out.        
Click to expand...
There are still plenty of bullish people out there too.  This tweet thread tries to argue against some of those points I mentioned: https://twitter.com/alexcutler247/status/1272632478306578432

The real missing piece of info is when those PIPE shares actually unlock.  It seems like everyone has a different take on that.  If you read the comments from the article I posted on Seeking Alpha there is someone that pulled an excerpt from the S-1 that makes it look like they may not unlock for 150 days, which would be well after our warrant exercise.  But the wording is difficult to clearly understand.

I am getting flashbacks of NERV to some extent.  If PIPE shares don't unlock until later then why haven't the institutional investors gobbled up NKLAW arbitrage opportunity by now?  The NKLA vs. NKLAW gap has closed from when I first posted but it is still very wide.

 
Last edited by a moderator:
-OZ- said:
It might go into the basket we discussed earlier, relatively safe stocks like JNJ. It probably isn't growing much but at a PE around 22, dividend just below 2% and they're King of the stores... It won't make you wealthy but if you're looking for a safe spot with some gain for the rest of the year, perhaps.

Looks very comparable to home Depot. Perhaps safer.
Click to expand...
Thanks OZ!

 
Todem said:
I like WMT however I feel it is fair value right now. I would be waiting for a sell off on this stock (they do happen....trust me). Also I really like TGT more than WMT long term as a growing dividend and a little more growth to make it a growth and income play (Plus we shop at TGT 99% more than WMT....just our preference). TGT is also.....fair value right now. These stocks are to be bought on bad news pull backs. Wait for a crappy day on either of these. I am talking a 5%-7% down day for a WMT and a 7%-10% down day for a TGT.

IT is always important what you buy.....no question. But what price you pay is also a big factor. I am a value type guy....I hate paying premiums for stocks. Especially low yield and slow growers. You just gotta catch certain stocks on days when investors **** on them. 

It will happen to these two. Always does to all stocks. Even the heavyweights like AAPL and AMZN, GOOGL etc.  
Click to expand...
Thank you Todem,

Looks like TGT really jumped today. We prefer much of our shopping there as well compared to WMT. I will hold off and continue to look for a dip.

I got in on JPM at 100 which isn't the lowest obviously. Also got in at TSN around the same % down as JPM. Again, these are long term. Was thinking of adding a little more JPN at now since it's around 98 as I type this...

It's just that we had our last transfer of funds come in and we are at about 35% cash right now. I hate not doing anything, but also don't want to move just to move.

I know you gave me the SOP to DCA in, so I'm going to just wait til July as that would be the next contribution, unless of course something goes nuts next week.

Just like to say a big thanks again to all the people here willing to take their time to help out. It is really appreciated.

 
fantasycurse42 said:
:lmao:

This is either a home run or bust for me. I refuse to do anything that jeopardizes any upside here. I sit on my hands until my CYDY Overlord says otherwise. 
Click to expand...
Yep.  Holding on to my 3k shares @ an .68 average with a vice like grip.  

 
Last edited by a moderator:
FreeBaGeL said:
There are still plenty of bullish people out there too.  This tweet thread tries to argue against some of those points I mentioned: https://twitter.com/alexcutler247/status/1272632478306578432

The real missing piece of info is when those PIPE shares actually unlock.  It seems like everyone has a different take on that.  If you read the comments from the article I posted on Seeking Alpha there is someone that pulled an excerpt from the S-1 that makes it look like they may not unlock for 150 days, which would be well after our warrant exercise.  But the wording is difficult to clearly understand.

I am getting flashbacks of NERV to some extent.  If PIPE shares don't unlock until later then why haven't the institutional investors gobbled up NKLAW arbitrage opportunity by now?  The NKLA vs. NKLAW gap has closed from when I first posted but it is still very wide.
Click to expand...
I don't totally understand the mechanisms, but I believe one reason the gap hasn't closed is the borrow cost for NKLA is ridiculous. 

 
Bought 500 more shares for an even 5000 now in the Onion. Avg CB is $11.69

Price target to exit for a nice 11% profit is $13 

Let’s see if we get that pop next week. If not....we can wait.

 
FreeBaGeL said:
That shouldn't have anything to do with it.  The gap would close by people buying Warrants.
Click to expand...
*again novice opinion alert* But, probably not if you think it's worthless and your biggest risk is the bottom falling out of the stock leaving you with nothing. The way I presume most folks think the gap should close is by NKLA coming down - but the promotion is propping it up. 

Honestly the reason the arb exists on this is probably that you can't buy NKLAW on RH. 

 
Todem said:
Bought 500 more shares for an even 5000 now in the Onion. Avg CB is $11.69

Price target to exit for a nice 11% profit is $13 

Let’s see if we get that pop next week. If not....we can wait.
Click to expand...
Operating on a decitodem scale over here. But maybe we'll get there someday.

 
Todem said:
Bought 500 more shares for an even 5000 now in the Onion. Avg CB is $11.69

Price target to exit for a nice 11% profit is $13 

Let’s see if we get that pop next week. If not....we can wait.
Click to expand...
I picked up some today. Back on BLMN at $11.26. 

 
Last edited by a moderator:
Vystar Corporation (VYST) Buyout Rumor with Tongdy Control Technology Ltd.

06-19-2020 11:45 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Penny On The Wall

/ PR Agency: Penny On The Wall

According to undisclosed sources Tongdy Control Technology Ltd. has engaged with Vystar Corporation (VYST) to purchase the RxAir UV light air purification products to gather the foothold in China due to the pandemic constantly evolving around Covid-19. The exact dollar amount is yet to be disclosed but RxAir is an air purification system used in hospitals, waiting rooms and classrooms. In fact, it’s used in 400 hospitals as an FDA approved class 2 medical device. RxAir has demonstrated to be effective to disinfect air and inactivate a number of pathogens including MERS and SARS using patented UV light air purification technologies.

The valuation at the time was an anticipated market capitalization of $10 million based on capital, assets and market track record. Of course that was pre Covid-19 and to say the valuation could go hyperbolic is an understatement If indeed UV light can inactivate the virus.

Link
Click to expand...
This is a penny stock I've owned for a couple months, I currently own 17,343 shares (or $200 worth 🤣) .  I heard someone on the radio mention it and I bought a little, then have been buying little chunks when I have $2-3 left in available cash for the day.  I don't know how much this purchase would increase the price but it's up 48.49% today to $0.0248 per share.  52-week high was $0.05.  Definitely not something I'd encourage or take responsibility for but may be fun to watch!

 
Had some cash on the side today.  Added to my BLMN, MRO and JPM positions.  More for a weekly run, but fine going long on too.  

 
For those who like trading but want to acquire two blue chips, acquire 2 of MAR and 2 JPM when under 90 and 100, sell one each in the 95 to 105.  Rinse and repeat.

 
berndog said:
Do you recommend WFC over BAC because of the difference in the dividend?

I do worry WFC will continue to get hit with fines and increased scrutiny from the feds similar to BAC  experienced 10 years ago. 
Click to expand...
I think this news could cause some issues. FWIW, I hold both (a lot more WFC right now) and have worked at both. Thinking of buying some additional BAC today. Not sure the scrutiny could really go higher.

 
You must log in or register to reply here.

Similar threads

Andrew74
2025 FBG Stock Contest
2
Replies
76
Views
4K
SouthJersey
SouthJersey
Andrew74
2024 FBG Stock Contest
2 3
Replies
127
Views
7K
McBokonon
McBokonon
Joey Wright
2025-2026 NCAA College Basketball Thread
Replies
6
Views
156
SpurrierisisGod
SpurrierisisGod

Users who are viewing this thread

Total: 6 (members: 0, guests: 6)
Back
Top