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Stock Thread (21 Viewers)
- Thread starter St. Louis Bob
- Start date
Desert_Power
Footballguy
Yeah, maybe it comes back but I’d rather be in something else. Mad Indidnt use the pop over 11 to just take the money and run. I was waiting for the earnings report and the reaction was a big fat yawn.
Would have been a 10 bagger for me. Should have dumped the Brinks truck at $109 and eased my pain LOL. At least I’m enjoying this, just in a much smaller way.
McBokonon
Footballguy
This is what i asked about GHIV (which is United Wholesale now, correct?) in January - sometimes gauging investor sentiment can be useful. I think these are fine companies but nobody wants them.
CR69
Footballguy
That’s why I sold too. I like United much more than Quicken but either way, nobody cares.
ChiefD
Footballguy
Yeah, thanks for CBBT. I'm free rolling right now but might just get out all together. The thing is, their merger still hasn't been official yet.
I bought 4 add'l shares of TSCO exactly one week ago for $139.xx (actually I think it was 10 days ago and Fidelity is showing the settled date). Put a $155.55 sell order that day. Surprised it tripped this quick. Still holding 13 shares.
McBokonon
Footballguy
Broke above $10.90 resistance today on volume, trading over $11. Earnings Thursday. A tidy $13+% in a week. Plucky little midwestern American company, I've written about them here enough you can search to see why I like them.
NajehHejan
Footballguy
I could see CBBT getting to a buck, but it seems fishy/scammy at the same time. I played it safe and sold it all. It's up 10% from that point so what do I know lol
JB Breakfast Club
Footballguy
Might snag another dime bag of TOKE even though the price is already high AF this morning.
hooter311
Footballguy
It's by far the most hyped stock on financial twitter these days.
Hope you guys get rich. Fidelity hasn't allowed me to open a position yet. Just funded Ameritrade today but concerned I'm too late.
Desert_Power
Footballguy
MF has a chart showing that none of Gores SPACs have performed particularly well. I wonder if there is just too much dilution built into these. I have UWMC in my Roth where, despite being up 22% YTD, I still have some excess cash already. May hold onto it a bit more. I was enjoying the shtick of getting a refi with the company while it was merging with the SPAC
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Insoxicated
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McBokonon
Footballguy
Could be dilution, could just be that they suck at this. If you want a post-merger SPAC to pop, it seems like it really has to be seen as exciting and part of a rapid growth industry.
You get things like SKLZ (gaming and gambling), DKNG (online gambling), all of the EV-related ones and certain healthcare/biopharm if they seem forward-looking.
These guys picked Hostess and UWM - cupcakes and mortgages. Meh.
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CGRdrJoe
Footballguy
There’s going to be a #### ton of losers in the penny stock and SPAC world. As you know well, not everything is a winner and right now anything discussed seems to be. UWMC stands out like a sore thumb. It probably could be a nice long term investment but it doesn’t have the ceiling or conviction I’m looking for in my long term stocks.
TripItUp
Footballguy
steelerfan1
Footballguy
in for a few more each of LMT and AMT. sold 1/2 of ZOM.
Started a DIS at 162. feeling it should have been a bigger 1 now.
Kicked myself in the jewels again by not getting in on FLGT at 117 lastweek. good God man! what's the matter with me!
Started a DIS at 162. feeling it should have been a bigger 1 now.
Kicked myself in the jewels again by not getting in on FLGT at 117 lastweek. good God man! what's the matter with me!
McBokonon
Footballguy
Don't kick yourself yet. Short interest is pretty high and that could be fueling a lot of this. I don't' know that, but it's possible.
Bob Sacamano
Footballguy
SFBayDuck
Footballguy
This is a big reason why I'm hesitant to go in on these once they get above about 10% of NAV, so $11 for most of them, as I'm trying to limit that downside risk. Historically SPACs post-merger do underperform the market. I saw a study recently that, iirc, indicated the best return was in selling about a week after the merger. But I think that study was also done a couple of years ago, so not sure if that's still holding true in today's environment.
Bob Sacamano
Footballguy
They also seem to reach agreements more quickly than a lot of the other SPAC companies. Maybe that's a misperception on my part, but I have it. Could be they aren't spending the same time shopping/negotiating with companies, so you may get to the 30% announcement pop more quickly without seeing the l-t winners.
Bob Sacamano
Footballguy
BigJohn
Footballguy
Got a nibble at $11.36. Kicking myself for not dumping some other crap to take advantage.OCGN
cosjobs
Footballguy
TripItUp
Footballguy
I generally sell after merger or after acquisition target announcement. DKNG has been the one large exception.
kevzilla
Footballguy
Don’t be lulled into today’s environment being different. It’s easy to think that if you look at short term results and we are in a wild period as we see every day. It doesn’t change the fact that there’s way more companies coming public through SPACs so I’d almost assume total returns will be worse. I now own the 10th or 20th EV charging company that’s gone public in the past 6 months. That’s probably not a good sign and I should probably sell it and move that money to something long term.
SFBayDuck
Footballguy
Agreed. Hell I trimmed SNPR this morning on the 30+% announcement spike to take out half of my initial investment.
CowboyFan4822
Footballguy
Yeah once you get in you can get two invites to send out. Friend of mine I invited had been reserved for like a month. The format and community in it and content is unbelievable.My username is reserved. I'm not sure how long before accounts get activated. Do I need an invite or something?
beef
Footballguy
ConstruxBoy
Kate's Daddy
Any opinions on Data Center REITs? Specifically looking at DLR, CONE, COR and QTS. Not that interested in the ETF option, VPN.
identikit
Footballguy
I owned DLR years ago...
Was nicely profitable for me, though I don't recall the specifics.
Sand
Footballguy
https://www.reddit.com/r/SPACs/comments/legx3q/spac_lifecycle_over_time/
This is a new, good look.
I've held DLR for a long time and believe it to be the blue chip in this space. I haven't looked at fundamentals lately, but continue to hold as data centers are a growing concern, in general. It has been a steady performer over the years.
General Malaise
Footballguy
I sure hope nobody held on to Cobalt Blockchain because there was absolutely no reason in the world to continue owning it when you could have used it as a tax loss asset.....
But in the event any of you are stubborn and foolish like me and still own this piece of crap, it's up 26% today. The metal continues to tick higher and here we might be looking at a rising tide lifting even the crappiest of boats.
This has been General Malaise for YouTube crappy cobalt stocks.
But in the event any of you are stubborn and foolish like me and still own this piece of crap, it's up 26% today. The metal continues to tick higher and here we might be looking at a rising tide lifting even the crappiest of boats.
This has been General Malaise for YouTube crappy cobalt stocks.
Charlie Harper
Footballguy
Desert_Power
Footballguy
Trimmed more XLE today. Really appealing to do more with the run it has been on.
Bob Sacamano
Footballguy
I don't know how it will play out, but I think my strategy for these (Lion Electric and Sofi excepted) is going to be to sell the commons on a pre-merger pop and hold onto the warrants, unless it's a company I'm just not interested in at all.
