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Stock Thread (22 Viewers)
- Thread starter St. Louis Bob
- Start date
SFBayDuck
Footballguy
Thanks. I'm going through this list of SPACs looking for EV, renewable, and related SPACs, hadn't gotten to ACTC yet.
In the case of ACTC (currently $10.45) or you can buy it or ACTCU (currently 10.96). I understand that the ACTCU gives me a share and half a warrant exercisable at $11.50. What I don't understand is what I should be thinking about when determining which to buy. Can someone explain it to me like I'm 5?
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Nigel
Footballguy
The U's can be much harder to move as the volume is low and the bid/ask is wide. I'll general fish on the pricing for the U's and try to keep most of my activity in the non-U. On the last RIDE run up I had some RIDEU and I wasn't able to sell it at a reasonable price before it dropped. Now I did get a second chance a few days later to divest, but I prefer to be more liquid.
ConstruxBoy
Kate's Daddy
Yeah, it is a strange omission. My understanding was that when carriers switch to new network protocols on the towers, there is a re-negotiated rate and that would help AMT as most carriers will want all their towers updated, if not new towers as 5G proliferates. But maybe I'm wrong there.
Nigel
Footballguy
Very happy for you that you had such a huge score and knocked a month off your retirement date. Can't dwell on the couldva/shouldva. On to the next money maker.
Lol. I didn’t get in on it so woo hoo.
I think it is a bit. Also, DoorDash and AirBnB was a #### ton of money, probably over $7B. That’s a lot of scratch off the streets.
I knew I should have added when I said it was getting over sold. Still have the lot I bought in March at $33.
I’m up about 15-20% since that time so it’s been a nice month+. Part of the reason why I haven’t been able to pull the trigger on any type of move to cash. I’m sure I could have timed it in February if I wanted to but would I have pushed all in or missed a huge run up. I have a feeling there will be a dip but I believe in the stocks I have and have seen many of them jump 10-40% in a day so missing a couple great days is big. That dip might also not happen until we are up another 10-20% and that bottom might still be above today.
I would recommend not worrying too much if it’s long term investments. I’ve mentioned it before but I subscribe to some Motley Fool services and done really well with them. One of their mantras is that you have to be OK with big drops. The March drop wiped out all of my TTD and tech gains when I bought them in May and October but most of them are double, triple or more from the bottom or even when I bought them last year.
needanap
Footballguy
Aphria and Tilray merging to create super Canadian pot company.
Holders of Aphria stock will get 0.8381 shares of Tilray for each share of Aphria. I am not seeing any info on when this deal finalizes.
Currently own Aphria at $8.35. This share will "buy" me .8381 share of Tilray that is currently $9.76.
.8381 x 9.76 = $8.18, so my $8.35 share buys me $8.18 worth of Tilray
Seems like a weird spot to be in as an Aphria -- anyone with more wisdom have thoughts on how to proceed?
Holders of Aphria stock will get 0.8381 shares of Tilray for each share of Aphria. I am not seeing any info on when this deal finalizes.
Currently own Aphria at $8.35. This share will "buy" me .8381 share of Tilray that is currently $9.76.
.8381 x 9.76 = $8.18, so my $8.35 share buys me $8.18 worth of Tilray
Seems like a weird spot to be in as an Aphria -- anyone with more wisdom have thoughts on how to proceed?
needanap
Footballguy
Thanks, that is what I ended up doing. APHA was up close to $9 in after hours just on the news, but came back down when the details came out. Seems like APHA share holders got shafted on this one compared with the Tilray shareholders.
TripItUp
Footballguy
beef
Footballguy
TripItUp
Footballguy
BroadwayG
Footballguy
It's nice trading in a 401K account. Been in and out of this on numerous occasions. I like trading stocks I don't mind owning longer term. 7% pop on no news is a good time to take some profit.
Tyson - I'm not expecting a huge run up, it's just a place to park cash for me. If the market melts down, it should survive better and I'll move into the growth stocks that go on sale. If the market continues to drift up, I'll make decent money here.
McBokonon
Footballguy
It's not on no news. I linked to a product release they announced today earlier in the thread, plus Cuomo said something today hinting at being open to legalizing gambling in New York. They're trading more than 6 million shares over their 10 day as I type this.
It’s one of my smaller positions but I got in after it dropped back into the 30s. It’s made me $2k and plan to keep it for a while so a nice return so far. This, RDFN and SHOP are my biggest % gainers so far. AMZN leading the way dollar wise. Nice to see it have a solid day again.
Bobcat10
Footballguy
Did you know this was available to you somehow through your employer or Fidelity (or whatever company)? I need to look around on there later.
-OZ-
Footballguy
This is a reason I went with coverdell ESAs for the kids college accounts. It's still mostly buy and hold, but we don't trade in our retirement accounts. The college accounts are mostly for fun with a goal of in state tuition for each. But we don't mind supplementing with cash if needed.
Accounts from old employers that were stuck in their stupid account choices that weren't doing much. Moved them into Fidelity self directed accounts.
I was doing pretty good in daily fantasy until DKNG and company kept pushing up the juice. If you can't beat them, own them.
cosjobs
Footballguy
So a rollover IRA then? I don’t think you can rollover from an old employer’s 401k to a non-employer 401k. There needs to be a company you work for that runs the 401k. My largest account is one I rolled over after we got bought and they closed the 401k as the new company didn’t want to merge them. I’m sure some folks just rolled it into the new employer 401k but that made no sense with 401k fees and lack of choices. I’m certainly way ahead because it’s self directed.
Sand
Footballguy
3k/month is a cheese and crackers kind of retirement...
Very happy for you that you had such a huge score and knocked a month off your retirement date. Can't dwell on the couldva/shouldva. On to the next money maker.
CR69
Footballguy
Sand
Footballguy
Bobcat10
Footballguy
I see....I rolled over a few grand back in the early 2000's and have had the same job since. I barely knew what I was doing a year ago with stocks, let alone 20 years ago.
DKNG was coming on board earlier in the year right when I started getting my feet wet. Wanted to buy it bad, I knew it was going to do well once sports came back, but I was limiting my funds and a $20 stock (or whatever it was) looks pretty intimidating when you're an infant at this. I've followed it on and off....that chart is juicy, sure looks like an ideal swing trade stock, as well as being a good long hold. Sounds like you guys did/are doing well. Congrats!
CR69
Footballguy
McBokonon
Footballguy
Anyone else holding some $FEAC going into the ticker change tomorrow or Friday? (sometimes these things aren't smooth.) I know @BassNBrew is. $SKLZ has a pretty interesting and well-regarded history - CNBC Disruptor 50, no debt, founder-led, etc.
Sand
Footballguy
JoeSteeler
Footballguy
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Desert_Power
Footballguy
$3k/month isn't too bad if you assume a paid off house and near Medicare/SS age, but everyone has different life styles to fund.
