Stock Thread (15 Viewers)

[Bob Sacamano]

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.

This is the way I'm leaning for BarkBox, at least. I can see the same for others going forward.

 

[Ridgeback]

This is the way I'm leaning for BarkBox, at least. I can see the same for others going forward.

Have you found any release day news, or the ticker? All I could find is that it's slated for Q2. 

 

[Bob Sacamano]

Have you found any release day news, or the ticker? All I could find is that it's slated for Q2. 

That's all I've read, too.

 

[McBokonon]

Sold my $IMMR for a 25% gain, will set a reminder to look again a month or so out as we approach earnings. Put some of the proceeds into super spec play $BNGO, genomics company with a platform they are showing off this week, rumors once they get their listing fully reinstated funds including ARK looking to load up. Picks and shovels genetics play, basically.

Well, didn’t set my calendar and missed out on $IMMR earnings and today’s pop to a 52 week high, though the BNGO trade was decent, too. Anybody stay in?

 

[Bob Sacamano]

Well, didn’t set my calendar and missed out on $IMMR earnings and today’s pop to a 52 week high, though the BNGO trade was decent, too. Anybody stay in?

I got out in the low $13s. Made about 33% iirc. Was a good quick hitter, even if we didn't maximize it. Will take as many of those as you want to throw out this year.

 

[SFBayDuck]

https://www.reddit.com/r/SPACs/comments/legx3q/spac_lifecycle_over_time/

This is a new, good look.

That's great, thanks for sharing.  At a super high level it looks like if it jumps on announcement it's a good sign it'll keep running for awhile and through the IPO. Might make me think more about holding for awhile after the announcement.  Or maybe it validates what I've been primarily doing - if it spikes on rumor/announcement take some (not all) out, and use the proceeds to pick up another SPAC near NAV.

It also makes me a little more interested in looking at those that have already creeped up into the $12-$15 range, in the more aggressive "trading" portion of my account anyway.

 

[urbanhack]

Have you found any release day news, or the ticker? All I could find is that it's slated for Q2. 

STIC - they are saying the middle to end of march. I posted on either Thursday or Friday with notes from their call announcing these details.

I got in at $14.25 early last week.

 

[beef]

Well, didn’t set my calendar and missed out on $IMMR earnings and today’s pop to a 52 week high, though the BNGO trade was decent, too. Anybody stay in?

I'm still holding some IMMR that I'm up 65% on.  

 

[urbanhack]

Are you planning the same with IPOE? or is that a hold for you?

Sofi is a long term hold for me. I just read they are getting 90% of all new customer signups in the neobank space domestically. They have proven they can scale and will be doubling their customer account from 2020 to 2021.

 

[Bob Sacamano]

STIC - they are saying the middle to end of march. I posted on either Thursday or Friday with notes from their call announcing these details.

I got in at $14.25 early last week.

I thought that said April some time.

 

[jamny]

BOXL keeps chuggin' along!  

 

[Capella]

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.

 #neversell

 

[urbanhack]

I thought that said April some time.

I think you are right.  Nice write up here. 
 

https://jonahlupton.substack.com/p/jonahs-weekly-growth-stock-ideas

 

[Capella]

Well, didn’t set my calendar and missed out on $IMMR earnings and today’s pop to a 52 week high, though the BNGO trade was decent, too. Anybody stay in?

Immr? Yea I held after the post here that they would pop due to the PS5 remotes. Great call. 

 

[Bob Sacamano]

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.

 Umm, I still have a (very, very small) position in UEXCF from pre-Fukushima (2012?). Just never seemed worth it to do anything when it required a commission. And now it just feels wrong to part with it.

 

[Bob Sacamano]

I think you are right.  Nice write up here. 
 

https://jonahlupton.substack.com/p/jonahs-weekly-growth-stock-ideas

This is the one of these that I've struggled with most. The subscription retail model is just not one I've ever wanted any part of. I take it you're planning to hold long-term?

 

[beef]

Anything behind the NNOX increase?

fear of getting zapped by the Israel space lasers? 

I've been out a while now but still keep an eye on it.   

 

[urbanhack]

This is the one of these that I've struggled with most. The subscription retail model is just not one I've ever wanted any part of. I take it you're planning to hold long-term?

I'm hoping for a double up and then get out. I keep trying to get into a better cash position, but I keep buying stuff. 

 

[beef]

Direxion Moonshot Innovators ETF $MOON has almost hit homerun in it's first 3 months.  

 

[Bob Sacamano]

Direxion Moonshot Innovators 

I can't read that without finishing it, "for Make Benefit Glorious Moon". I have no idea why. Just reads to me like Sacha Baron Cohen named it.

 

[joker]

 #neversell

x2

 

[Bob Sacamano]

For any of the Chamath fans who want a shot at his non-Sofi SPACs a little cheaper than they are today:

IPOD current price is $15.96.

2-19-21 $17.50 puts will net you around $2.20.

So either you'll make 12.6% in 11 days or you'll own the stock at $15.30.

Downside risk, obviously, is that the stock is below that $15.30 price by then. But if you were thinking about buying it at $16 anyway...

 

[BroadwayG]

Told myself I would sell all my MRO if it ever hit 9. Could only bring myself to do half.

 

[identikit]

Another Fidelity no-go

Opened up an Etrade account

 

[jamny]

Told myself I would sell all my MRO if it ever hit 9. Could only bring myself to do half.

Nice!

I sold in June @ 6.13 at about a 15% profit to pick up CYDY.

 

[The Big Donkey]

nice to see FCEL and OXY running on the same day.    

edit: i should have bought some RIOT last week tho.

 

[stbugs]

https://www.reddit.com/r/SPACs/comments/legx3q/spac_lifecycle_over_time/

This is a new, good look

I don’t mean to look like a curmudgeon but how can you have an article about “lifecycle” when the only SPACs reviewed are ones that went public in 2020 or after. 95% of the SPACs being reviewed have likely never even had an earnings report.

I mean this has been one of the best/hottest IPO related markets over the past year so of course it looks good when none of the companies have even been around long enough to prove their valuations.

I still think that chart is going to look terrible for people still holding most of these SPAC companies in a few years. I’d be very inclined to take the money and run unless you believe in the company. Even if you do, that company could still disappoint because valuations are really high right now in this sector.

Doesn’t mean I’m negative as I still own a bunch, but it’s going to be a fun look at 2020-2021 in 5 years.

 

[urbanhack]

For any of the Chamath fans who want a shot at his non-Sofi SPACs a little cheaper than they are today:

IPOD current price is $15.96.

2-19-21 $17.50 puts will net you around $2.20.

So either you'll make 12.6% in 11 days or you'll own the stock at $15.30.

Downside risk, obviously, is that the stock is below that $15.30 price by then. But if you were thinking about buying it at $16 anyway...

I'm tracking this one too.  https://finance.yahoo.com/news/american-battery-metals-corporation-announces-133000710.html

 

[2Squirrels1Nut]

For any of the Chamath fans who want a shot at his non-Sofi SPACs a little cheaper than they are today:

IPOD current price is $15.96.

2-19-21 $17.50 puts will net you around $2.20.

So either you'll make 12.6% in 11 days or you'll own the stock at $15.30.

Downside risk, obviously, is that the stock is below that $15.30 price by then. But if you were thinking about buying it at $16 anyway...

Nobodylikeschamath

 

[Ridgeback]

Damn...I know its peanuts to some of you guys here, but I just had an over 3% day. So THIS is what it feels like. Of course that means the end is nigh.

 

[berndog]

BLDP and ZOM make me want to dance 

Just like high school I’m smart enough to copy the smart kids.  Many thanks!! 

 

[cosjobs]

UVXY under $10 for the first time in years. Definitely more than 3, maybe 5, hard to read the 5yr charts

 

[steelerfan1]

Damn...I know its peanuts to some of you guys here, but I just had an over 3% day. So THIS is what it feels like. Of course that means the end is nigh.

Yeah, as someone who just started this in April of last year I'd like to know if this thread has always beat the market with the tips in here? Even in the big downturns and sideways type years are FBGers in this thread still killing it?

 

[cosjobs]

I'm tracking this one too.  https://finance.yahoo.com/news/american-battery-metals-corporation-announces-133000710.html

I don't think they'll get to setup operations in Incline Village. 

 

[CGRdrJoe]

I don't think they'll get to setup operations in Incline Village. 

eh, it's on the Nevada side. No one gives a #### about that state

 

[SFBayDuck]

Added chunk of UVXY and TZA plus a little more GBTC on the dip 

I'M TIRED OF TRICKLING IN TO UVXY

Finished building my position in UVXY today with a final block right at $10, overall cost basis is $10.24.  Of course it's currently at its 52 week low, and below $10 for the first time ever (I think).  But I'm not as all in as some of you at just 10% of that account.

I also picked up GBTC last week in my Roth, good start there!

Of course I almost bought some actual BTC yesterday, set up my Coinbase account and a wallet on blockchain.com but didn't pull the trigger figuring I'd wait for a pullback.  Whoops.

 

[Ridgeback]

UVXY under $10 for the first time in years. Definitely more than 3, maybe 5, hard to read the 5yr charts

Sorry, I bought it at $10.30. That should have been the sign for the rest of you to sell.

 

[hooter311]

Portfolio up 25.43% today.

Darn it feels good to be a gangster!

 

[Bob Sacamano]

Fidelity's customer service recording keeps using, "In a moment". I do not think it means what they think it means.

 

[urbanhack]

Fidelity's customer service recording keeps using, "In a moment". I do not think it means what they think it means.

I was on hold for 45 minutes on Friday.

 

[Bob Sacamano]

I was on hold for 45 minutes on Friday.

48:40 atm

 

[cosjobs]

eh, it's on the Nevada side. No one gives a #### about that state

Its my favorite spot on the lake. Love their casino

 

[Bossman]

I'm beans deep in AMZN and GOOGL ....

but I just dipped my big toe into the crypto pool ...

500 RIOT Filled & order in for 250 GBTC 

Very late to the party, I know .... but if Musk is throwing a bizzillion at it, I'll nibble.

Up $3200 with RIOT at closing .. and $500 with GBTC 

Not awful for being the last guy here to buy in.

Thanks for giving me the nudge that I needed to get in this crypto game.

 

[cosjobs]

Portfolio up 25.43% today.

Darn it feels good to be a gangster!

What % did you lose on AMC last week?

 

[NajehHejan]

LGVW up huge today - nice to see after some downward trends - all I could find was more Cathie Woods buys into it....

Speaking of - Woods bought 2.1 million of SNAP on Friday - that is an insane amount - if she has that kind of conviction, is it a no brainer that I should be opening a position?

 

[2Squirrels1Nut]

UVXY under $10 for the first time in years. Definitely more than 3, maybe 5, hard to read the 5yr charts

IMO you can't trust long term levered fund, charts. There's usually a lot of decay, reverse splits, etc., that needs to be taken into account. 

Best of luck to you!

 

[hooter311]

What % did you lose on AMC last week?

Took a 48.5% hit on my AMC holdings before liquidating.  Still ended up about 7% total on the week.

 

[hooter311]

Rumors brewing that Apple might be next one in on the bitcoin wagon.  Really no excuse to not at least have it incorporated into their iphone wallets at this point.

With 200 million in daily cash flow, even a 5% or 10% treasury allocation would jump the price 5 figures in a few days.

This Tesla news was the best thing to happen to bitcoin prices since the grayscale trust.  1400+ other public companies just attended the same microstrategy conference that Tesla's treasury head did. 

The flood gates are open, it's a new dawn for crypto!

 

[Desert_Power]

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.

UTZ is doing OK and its about as boring as Hostess, but I get the point.

 

[McBokonon]

UTZ is doing OK and its about as boring as Hostess, but I get the point.

UTZ are part of the glorious Snack Chip Belt of my home state of Pennsylvania so OF COURSE they're doing ok!