beef
Footballguy
Same here. Got out, looking to get back in, but waiting on a pull back. Don't have a target price in mind, but looking like my days of buying sub 20 are gone.
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Stock Thread (25 Viewers)
- Thread starter St. Louis Bob
- Start date
Not surprising at all. The IPO article right after was interesting as well. All IPOs with big pops day 1 over 100% this year have a -1% return after day 1. Also, remember most of those pops only benefit IPO share holders because the tracking % is based on the IPO price which was never seen on open market. Nobody bought SNOW shares at $120 on the open market. The negative return is probably over -50% (basically losing the whole pop) than -1% since no one buys at IPO price on hot IPOs.
Dwayne Hoover
Footballguy
I've added a couple of times on the run up, the last time at around $26. I want to add again myself.
I think the funniest thing was the comment that institutional buyers drove the price down so they could get the offering at lower price. If they wanted a lower price wouldn’t they be better just buying the stock when it hit $1.60. It’s funny when the conspiracy theories are Ok on one stock and not Ok on another. It’s all about which stock you own. Kind of like football fans, the opposing teams fans see the penalty or call completely differently. I’ve literally got no skin in this game but it’s definitely hypocritical. That said, I bailed because of Nader.
Dwayne Hoover
Footballguy
Bob Sacamano
Footballguy
First step is you want to "Sell to Open" a Put. You can pick different Strike Prices and different timelines. The closer the strike price is to the current price, the more money you will receive. The further out the timeline, the more money you will receive. Some examples shown below.
https://imgur.com/a/o3H9FJ5
The picture I posted is for Jan 15 2021 expiration. This is for illustrative purposes. If you look at the $185 line, what this means is you could sell a put of TDOC for somewhere between $19 and $19.70. Let's say you successfully sell it for $19.50. Since each put is 100 shares, you receive $1,950 in premium.
If TDOC is above the $185 strike price on Jan 15, '21, you keep that $1950 and walk away with it. If TDOC is below $185 on Jan 15 '21, you would be assigned 100 shares at a basis of $165.50 ($185 strike price - the $19.50 premium you received). If TDOC is $184, this works out pretty well for you. If it's $100, not so much.
The catch: You want these to be cash-secured, so you need to hold $18,500 ($185 x 100 shares) in cash the whole time you have this position open. Still, 10.5% is a pretty good return on that $18.5k in 4 mos. OR ownership stake in a stock you already want to own.
Bob Sacamano
Footballguy
Since you want to own it more than you want the premium, you might want to look at higher strike prices and closer timelines.
October 16, '20 $190s would net you around $7.70. So within 1 month you'd know if you keep the $770 or own the stock for $182.50.
It becomes a balancing act. I usually target the net to be the price I would just buy the stock outright. So if you would buy when the stock hits $182.50 anyway, this is a way to potentially make some money while you wait for that to happen. It's also a way to potentially watch the stock forever and never end up owning it (but making a little coin in the process). It happens.
I'll often do this with something I already own and wouldn't mind owning more if the price dropped. I've cycled through writing many SQ puts and wrote a bunch of BLMN while I was trading it. Currently have Jan expirations on DKNG, FSLY, and TDOC. I own the latter two. I will probably never own DKNG, but if the price had dipped, I would have been good with it.
October 16, '20 $190s would net you around $7.70. So within 1 month you'd know if you keep the $770 or own the stock for $182.50.
It becomes a balancing act. I usually target the net to be the price I would just buy the stock outright. So if you would buy when the stock hits $182.50 anyway, this is a way to potentially make some money while you wait for that to happen. It's also a way to potentially watch the stock forever and never end up owning it (but making a little coin in the process). It happens.
I'll often do this with something I already own and wouldn't mind owning more if the price dropped. I've cycled through writing many SQ puts and wrote a bunch of BLMN while I was trading it. Currently have Jan expirations on DKNG, FSLY, and TDOC. I own the latter two. I will probably never own DKNG, but if the price had dipped, I would have been good with it.
Don Hutson
Footballguy
The offering price was determined by a closing price. Apparently, it was Wednesday's closing price and not Thursday's closing price that created the offering price (with a small discount). And the stock price did plummet right before close on Wednesday with far more volume than had been seen before that.
By your theory, why would the institutional investors have paid $8.50 for the stock in the offering when they could have paid $1.60 ($8.00) instead?
I posted that theory as something being discussed on the message boards. I specifically said that I had no idea if it was true or not and that message boards can't be trusted. The people on the message boards did get most of it right. They did predict that it would be uplisted today. When you would post about CYDY, you were a truther with obvious bias. We are not the same. Not even close.
Shula-holic
Footballguy
Anyone else still in PPL here? I wasn't around when most exited here. I'm still up pretty nicely but this week has been a rough ride. Wondering should I salvage the gain I still have or stick it out.
Appreciate it, that makes a lot of sense for stocks you’d be happy to buy at a discount. Yes if it hit $100 you’d be screwed but way less screwed than buying it at $201. Only downside I see is that if it goes above $220, you were better off just buying it. I’d do it in my IRA so taxes don’t matter.
beef
Footballguy
![[icon]](/data/avatars/m/5/5167.jpg?1660313464){kind=avatar}
What he said. Nice $1200 bump helped to outpace the market or at least erase some of my AMZN losses, which I’m not worried about at all.
Momentum is an amazing thing. Tesla still living on the split and S&P inclusion that it didn’t even get. It’s only down 10% from the high even though it went up way more than that on the S&P inclusion. Amazon down over 15% from the high even though it crushed earnings in a way Tesla didn’t even come remotely close to doing (revenue dropped).
kevzilla
Footballguy
Oh geez, is he still at it? Got him on ignore and it’s really nice. I hope he keeps replying.
Don Hutson
Footballguy
You're a truther, too. The sad part is how you old school FBGs who bought in at 29 cents misled the newer FBGs into buying into your ponzi scheme at $6+. It's also sad how the old school FBGs attack like hyenas anyone who would contradict them. The newer FBGs are afraid to stand up to the FBG Mafia but I am not afraid.
That sneaky ### OPES with a 13% pop today. Man, I need to look at @BassNBrew’s SPAC list. Should have just put money in all of them to start. Just great returns. Up 25% in IPOB, 14% in IPOC (without announcement), 17% in OPES and 87% in FMCI. Pure luck, but put about 35% into FMCI and 65% into the rest. Only owned them for 2-3 months.
With IPOs going for what they are, these SPACs are a much better deal because A) we are only getting in on the ####ty IPOs, B) if you can’t buy in at the IPO price you are losing so much potential return and C) the companies going IPO via SPACs appear to be better quality than the “other” IPOs, not SNOW and U.
With IPOs going for what they are, these SPACs are a much better deal because A) we are only getting in on the ####ty IPOs, B) if you can’t buy in at the IPO price you are losing so much potential return and C) the companies going IPO via SPACs appear to be better quality than the “other” IPOs, not SNOW and U.
Bob Sacamano
Footballguy
Misled
Bob Sacamano
Footballguy
Ponzi scheme
Bob Sacamano
Footballguy
kevzilla
Footballguy
Dwayne Hoover
Footballguy
I got nothing against Don Hutson but he can't be saying ponzi scheme here and stating that he's ready to buy back into it in the CYDY thread.
Ponzi scheme
Bob Sacamano
Footballguy
Dwayne Hoover
Footballguy
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Don Hutson
Footballguy
It's possible to make money in a Ponzi scheme. But for everyone who profits, there is a bagholder. I will not be a bagholder. But this forum already has a bunch of bagholders who have lost thousands of dollars.
McBokonon
Footballguy
You said he can't being doing it.
Bob says you are mistaken.
You prove that he can be doing it.
Dwayne Hoover
Footballguy
I'd start to be worried about being a bagholder if they don't get any traction after the severe critical trial. If you really think this is a ponzi scheme, why would you buy back in at a binary event.
Dwayne Hoover
Footballguy
JerseyToughGuys
Tough Guy
Don Hutson
Footballguy
Because good news will come out quickly after unblinding but bad news will be delayed (just like the M2M results that still haven't been released). I'll get out before results are released if they are delayed. The Truthers will stay invested even after it's obvious that the results are bad. That is what happened with the M2M trial. Some of the Truthers are still claiming that the M2M results are great even though results still haven't been released. The run up to results should be nice. I don't need to believe in a stock to invest in it. I just need to believe others are going to run the price up. I believe the Truthers are gonna truth. They remind me of anti-vaxxers.
beef
Footballguy
$NARI - commercial-stage medical device company - is starting to hit radar again. Got in low 40's after the IPO in May thanks to @matuski . Anyone still holding from then? I took some profits and then watched it climb up to 80 two months later. Noticed that it hit 80 again on Tuesday then started pulling back and closed today at 67.42. Similar pullback from the early September one. Not sure I'm making a play on it yet, but curious to see what it does next week.
8 of the 11 I own were up today.
What concerns me is that this seems to easy. There's got to be a catch somewhere.
beef
Footballguy
Seems like no mater what sector it is too, they do well. FVAC (rare earths mining) has been one of my better performing ones lately. The catch for me is the timing since some can be quite volatile. Not just picking the right day to buy/sell, but the right time of the day, and probably smarter to just buy early and hold.
Lots of good winner SPACS have come across this thread.
Still keeping an eye on it. Should have just bought 100 at 40 something. I did notice it under 70. I still feel like there’s more dip to be had soon. Like I mentioned earlier. October seems to still have some bad blood in it. If it gets under 60 again I think I’ll buy some. Maybe not 100. 100 in the 40s would be a half share, what I’ve been doing for these SPACs except FMCI (blind squirrel).
Don Hutson
Footballguy
Yes, misled. Before Whyatt and I made anti-CYDY arguments, this thread was an echo chamber. When Whyatt and I made respectful and legitimate arguments, the Truthers attempted to quash our voices with anger, disrespect, and rudeness. If dissenting opinions aren't tolerated, then people are being misled. There are FBG bagholders who have lost 10's of thousands of dollars on CYDY. They deserved to hear contrarian viewpoints. They deserved better.
Misled
And here is a bit of advice. You should really never respond with a
. It is so low class.
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It does but honestly, they’re built that way. Almost all are just $10 a share looking to take a company public. IPOs have stars and dogs. SPACs don’t tend to have dogs but also don’t have the superstars like SNOW or ZM. That said they are kind of like getting in at the IPO price without having to be a big shot and the companies they merge with tend to be good quality.
I like them a lot. I want to spend time reviewing the ones you listing and deciding what to buy into next week. I mean Indont really care if they are at $10.25, $10.50 or $11. After the announcement they don’t tend to go down. Even if it’s not what you want take the 10-20% pop and walk.
Bob Sacamano
Footballguy
Way to get to the bottom of it all, BernsteinYes, misled. Before Whyatt and I made anti-CYDY arguments, this thread was an echo chamber. When Whyatt and I made respectful and legitimate arguments, the Truthers attempted to quash our voices with anger, disrespect, and rudeness. If dissenting opinions aren't tolerated, then people are being misled. There are FBG bagholders who have lost 10's of thousands of dollars on CYDY. They deserved to hear contrarian viewpoints. They deserved better.
And here is a bit of advice. You should really never respond with a
Don Hutson
Footballguy
Bob Sacamano
Footballguy
low class
Bob Sacamano
Footballguy
Truther
Bob Sacamano
Footballguy
A definite improvement, though, over, "This will help you in your professional career. You should never really respond with a "
"
SFBayDuck
Footballguy
You're welcome...I sold on Tuesday at $13.56 to lock in a bit of profit.
As I've stated before I like the EV/renewables angle, which have had a bunch of SPACs. DPHC has been by far my biggest winner since I started investing in individual stocks earlier this year - up 139% in about 6 weeks. Thinking I should trim some of that as it's gone from 4% of my primary trading account (a single position) to 10%.
SBE (Chargepoint SPAC) is one I missed and it's run big this week (and another 4.5% right now after hours). I'll be watching that for a dip.
NKLA I got in post-SPAC, and it makes me nervous with all of this news this week - I was up 20 points or so and now back to even. If GM looks to distance themselves it would crater, so I may exit that one.
SPAQ (Fisker) is another I think I missed the boat on, but will look to enter if it has a pullback.
HCAC (Canoo) has pulled back a little, I may jump in there next week.
Standard disclaimer - I don't know what I'm talking about.
CGRdrJoe
Footballguy
CR69
Footballguy
This article has me thinking. Does anyone else think the drop in tech might be some market nervousness about China or other countries taking the same approach with US based companies?
https://news.google.com/articles/CAIiEHAikoYoE0ayJxu7FRcjf7cqGQgEKhAIACoHCAowvIaCCzDnxf4CMO2F8gU?hl=en-US&gl=US&ceid=US%3Aen
https://news.google.com/articles/CAIiEHAikoYoE0ayJxu7FRcjf7cqGQgEKhAIACoHCAowvIaCCzDnxf4CMO2F8gU?hl=en-US&gl=US&ceid=US%3Aen
China already does. Much of the inner webs is blocked and US companies aren't getting a fair shake already.
https://www.voanews.com/east-asia-pacific/amazon-curtailing-business-operations-china
Bob Sacamano
Footballguy
Tech was drastically overextended. It needed to pull back. Much of it may still need to pull back.
Lol at this. I mean towing the “company” line goes to another level in China. In other words if I say anything bad I might end up in the same place as the people who said CV-19 was spreading a ton there. I’m not sure of Trump’s stability but I do agree a lot with policies to try and open up their market and to stop the theft IP, etc.
Shaun Rein, managing director of Shanghai-based China Market Research Group (CMR), said Amazon's Chinese platform could not survive because it did not have a strong and stable management team. He does not think Amazon was hampered by government policy.
"I don't think it is a problem of government protectionism," he said, adding, "They (Amazon executives) didn't have the necessary relationship in China and were unable to build the right ecosystem for people to sell on Amazon."
Getting a large number of local sellers is crucial for an e-commerce platform to provide goods at competitive prices and in sufficient variety to customers.
Jacob Cooke, chief executive officer of consulting firm Web Presence in China, explained that Amazon could not compete with a gigantic local player like Alibaba.
