Lol. I’m mad I had too many work calls today. Should have just put a buy in for opening. Glad it’s back green but that was a nice opportunity to add. That said, I’m sure there will be more.
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Stock Thread (31 Viewers)
- Thread starter St. Louis Bob
- Start date
Great two days. Thanks AMZN and ZM and some others. Up 5% total past two days when S&P was down a tiny amount, basically flat. That said a ton of red in my portfolio today. I honestly have no clue where the market is heading. I think we’ll continue to see bouncing around for a while.
McBokonon
Footballguy
Here’s the Motley Fool interview with Nano-X’s CEO.
He’s the bizarro NP.
If you just Google him, you can see right away he’s been successful before and this falls right in-line with his mission-driven capitalism.
Again, doesn’t mean this is guaranteed to hit, but if it doesn’t it won’t be because it’s a fraud.
He’s the bizarro NP.
If you just Google him, you can see right away he’s been successful before and this falls right in-line with his mission-driven capitalism.
Again, doesn’t mean this is guaranteed to hit, but if it doesn’t it won’t be because it’s a fraud.
FishNSuds
Footballguy
Not surprising. I’ve been saying for a while that it just went up too fast on two non fundamental things, one of which didn’t even happen. They went from $180 (post split) to $500 when revenue was down compared to the prior 6 months and profit was due to selling tax credits. I like them long term but it was way too rich and you know it is when people are touting a kid in business school’s reasons why they can be worth $7 trillion. That’s all froth.McBokonon said:
FishNSuds
Footballguy
McBokonon
Footballguy
Do you remember, a whopping 4 months ago, when he literally said TSLA was overvalued?
That seems like it happened last year. I was shocked to see this was in May. I have lost all concept of time.
FreeBaGeL
Footballguy
Well technically he said the price was too high, not that it was overvalued. And now he lowered the price by splitting it
What’s sad is that you know there are way too many people out there now who actually believe it to be that way.Well technically he said the price was too high, not that it was overvalued. And now he lowered the price by splitting it
FishNSuds
Footballguy
Fingers crossed for you.
So how does it work, do you get an e-mail or does the stock just show up in your account?
Just shows up. You get the whole allocation’s done, but this doesn’t mean you got some. Go check your account. Only one I’ve gotten so far is down 10% and it wasn’t oversubscribed. I have a feeling Fidelity is a bad place if you want in on anything good. Another plus for SPACs. I need to throw some money at a few of those this week. That INSU one popped a little yesterday but they already have a merger in place. Seems interesting enough in terms of being in the autonomous driving but no idea if it’s a good company.
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CR69
Footballguy
You buying more or?? I feel like I already own too much but am thinking about lowering my cost basis since most of my buys were about $1 higher. I'm at about 3% of my Roth in MJ.
No, don’t own any. I thought about it but didn’t feel good about the illegal market still running solid and the revenue growth not seeming to be there. I just saw ACB in the trending list on Yahoo finance and I tend to click through those companies to see if anything is interesting. Most times it’s a biotech with a huge jump or a well known company with a big change. Last scenario is a bad report like Aurora. I knew a few in here invested in MJ so posted about it.
Also, I really don’t know anything about that market so probably won’t invest unless it truly does start showing signs of being an sector to invest in, even if I miss a big early jump.
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CR69
Footballguy
Gotcha, thanks for the heads up. Fortunately it's less than 6% of the ETF but if the sector as a whole declines it could be ugly.
kevzilla
Footballguy
No problem, I know lots of you guys use AHs. Is Aurora one of the marquee names like Canopy? I’ve only heard of a few and followed a couple of the more therapeutic companies that I saw in Motley fool but those two are way down overall as well. 80% down from IPO early 2019. Some ups and downs along the way but not a good trend. There are companies that look like a value but you have to be careful assuming that the price will ever get back to the peak. If the market crashes there’s a better chance. If the stock crashes outside of the market it just may not be a good stock to own.
Dear lord, I got myself into another one didn’t I? I did get a little pumped by that interview. Definitely don’t get the other company vibe. If it dips a bit back into the mid 20s I’ll add. It’s going to bounce around a lot so I have a feeling there will be a bunch more opportunities to buy closer to IPO price. Work got in the way of the opening yesterday.You thought $NNOX was crazy before? Well, now they have options!
CR69
Footballguy
Aurora is one of the larger (Canadian) ones but they've had some management issues. They did replace the CEO though I don't know much about him. Seems like the market has backed off pot stocks since neither candidate has publicly stated an intent to legalize it at the federal level which is the dumbest thing ever.
FreeBaGeL
Footballguy
This is after a like 14 to 1 reverse split on ACB too. Actual price relative to the pre-split price that was $100 is like $0.42.
Don Hutson
Footballguy
HGEN is presenting at the Oppenheimer Fall Healthcare Life Sciences & MedTech Summit today at 10:50am EST and then at 3:40pm EST. HGEN could be a nice day trade with the stock price at $10.71 right now. It pops every morning so it'll likely go up early tomorrow even if it doesn't go up today.
Register for webcast here: https://wsw.com/webcast/oppenheimer5/register.aspx?conf=oppenheimer5&page=hgen&url=https://wsw.com/webcast/oppenheimer5/hgen/2688354
Register for webcast here: https://wsw.com/webcast/oppenheimer5/register.aspx?conf=oppenheimer5&page=hgen&url=https://wsw.com/webcast/oppenheimer5/hgen/2688354
Not sure. I definitely think it has run too much and didn’t really dip at all on the NKLA news. There are so many EV or EV related (battery one, KCAC I think) ones and unlike some other SPACs there is a real danger that these end up at $0 in the not to distant future. The 3 SPACs that have mergers that I own are businesses with real revenue already so there’s some comfort level there. I like the idea of SPACs but you have to wonder how many $0 revenue EV ones took off because of TSLA and NKLA.
beef
Footballguy
beef
Footballguy
Dr_Zaius
Footballguy
Same thing happened to me - missed the dip due to work. I now have a limit order in, but it doesn't look like it will hit as it's been drifting up for the last hour.
I’ve got the 100 shares but no clue when it starts trading. Seems random. Since they upped the price, I’d assume an opening pop just because that signals demand. That said, not even in the same boat as say SNOW or U. I would think it would be more like U or FMCI just not the same initial pop as U. It’s not going to be anything like SNOW where the initial demand put it in overvalued territory at the start. It’s in that FMCI/BYND category of foods so might do well.
FishNSuds
Footballguy
I had a limit order but pulled it. Not much good could happen I suspect because I have no idea what it will open at. Either I'll overpay or I'll get nothing.
Yeah, IPOs suck a bit unless you get in on it. The actual IPO. If it’s super hot then the upside isn’t there. Some of these under the radar growing well like FMCI (over 100% YOY), but not the highly anticipated SNOW or UBER, can be real nice returns. Also, just because you miss an IPO doesn’t mean you should ignore it down the road. ZM went public last April at $72 (I think). In October, tech stocks hit a rut and I got in under the IPO price at $67. Best purchase I’ve ever made. If you like the company but it pops too much, next downturn, it might be “cheap” and then in a couple years all that growth pops.
beef
Footballguy
RE DPHC & DPHCU
I think if I were to go long, I'd do it with DPHCU and own a total divisible by 3 for the warrant conversion. As long as I have the math right, DPHCU is about $3.75 higher, but every 3 shares can be converted to 4 shares DPHC at a cost of $11.50.
3 shares of DPHCU = $29 x 3 = $87 + 11.50 = 98.50 for 4 shares of DPHC (which costs around $101).
Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant enabling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.
I think if I were to go long, I'd do it with DPHCU and own a total divisible by 3 for the warrant conversion. As long as I have the math right, DPHCU is about $3.75 higher, but every 3 shares can be converted to 4 shares DPHC at a cost of $11.50.
3 shares of DPHCU = $29 x 3 = $87 + 11.50 = 98.50 for 4 shares of DPHC (which costs around $101).
Each unit consists of one share of the Company’s Class A common stock and one-third of one redeemable warrant, each whole warrant enabling the holder thereof to purchase one share of Class A common stock at a price of $11.50 per share.
ConstruxBoy
Kate's Daddy
Finally sold RLFTF at a 23% gain. Put the proceeds in another share of AMZN.
Also, if anyone is in FLGT it was announced they are joining the S&P Small Cap 600 index on Friday. Might be a bump for that.
Also, if anyone is in FLGT it was announced they are joining the S&P Small Cap 600 index on Friday. Might be a bump for that.
I think the bump yesterday was from that and maybe even before as some people probably knew.
beef
Footballguy
I had a limit of $25 in for DPHC and it hit. Will buy down if it drops more. More of a short term play and if/when it hits 30's I'll get out.
Looks like it opened at $31, should have left that order in. A better result than Pactive dropping 20% on open (only down 9% right now). Don’t plan on keeping that one, but LSF is in a space I like.
skycriesmary
Climbing up the Walls
This reversal in metals is getting painful. Unfortunate to see gains over the last few months evaporate. Still holding for long term though.
ConstruxBoy
Kate's Daddy
Yeah, wondering if there is a bump when all the securities tracking that index need to buy it on Friday? Maybe not.
Dr_Zaius
Footballguy
I had the same limit
I may hold longer as I'm trying to limit taxable gains this year, but if it goes nuts I'll probably take the profits.
