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You can’t make this #### up. Only in meme world would DWAC be up 24% after hours to over $55 because of news that the SPAC wants to raise $1B in a PIPE.
Did this with SEMR, CFLT, and MQ (which trades like a penny stock anyway) but they were small. Sold puts on the deep red days to get some premium and if they execute, that’s fine too.
$DWAC has a double whammy of MEME stock and a cult following of the guy associated with it. I’m following the story because it’s funny. “We’ll have that social media app launched any day now! It’s gonna be amazing and awesome and LOOK OVER THERE!” :steals bags of money, runs:
First, this PIPE would push the company valuation to $3B meaning that this pipe is for 33% of the company.
Second, the share price of the PIPE, for 33% of the company, is $30.
MQ is something I’ve been watching as well. It’s down a ton and the P/S while high is about 20 now and they are still growing this year by almost 100% so it’s not unreasonable. Seems also like a good way to play crypto as well. One day, when I’ve got the time, I should get better at options usage.
This is one of the reasons I like FLGT as well. They seem hyper flexible and based on their ridiculous success in COVID testing, we have proof that they are nimble. I also love the idea that they have no need for future dilution and have a war chest for acquisitions to grow other channels. Throw in the core growth and they give me a nice level of confidence in their abilities.
I'm strictly a tailer on MTTR/W with an average around $7.75 and it's still 40% above it's 50 DMA so it's hard for me to even consider adding from a short term play. Maybe I'd consider it if that 50 DMA gap closes and it gets down to a $12.50 range??? @Sand is in for the long haul. Not sure if he's considering adding more or not though since it sounds like he has a hefty position already.
From my point of view it has mooned a lot lately, so I'd still be pretty careful about jumping in- still pretty high up there. Though I say that as someone who has a pile and am happy just sitting on what I have. I'll fully admit I have no idea what financials are on this - I like the technology and moonshotted this.
I looked and it’s really pricey, like 100 times sales. I was looking at it when it was around $14-15 but even though I like it, it seems way overvalued right now. It’s a cool tech and has a lot of applications but their revenue isn’t even growing Q over Q and they already have a real business. I’m not planning to jump in unless it runs back down a bit.
Sure, except the market is forward looking so is already beginning to price in the expected rate hikes that are likely coming next spring/summer.
This is a good example of what I mean- sure, it's down ~50% from the highs, but it's still up over 280% ytd. It could get cut in half from here and still be almost a double on the year- who the heck knows what it's really "worth"?
Thanks for posting. I came across a NYT headline the other day when I was looking into another company but it was behind a paywall so I couldn't see the company name. Then I saw a squirrel and completely forgot about it. Adding to my watchlist but rooting them on either way.
I thought these numbers seemed out of whack- they just said on CNBC that it's 53% of the S&P are down 10% or more from their 52 week highs.
I thought these numbers seemed out of whack- they just said on CNBC that it's 53% of the S&P are down 10% or more from their 52 week highs.
Seems like you still have time obviously. I missed that. I remember reading an article that was cautious on UPST and they said get in at $150 so that’s close to someone’s target who was on the negative side. Seems like a solid price.
That's ok. The first TV's were gigantic monstrosities with tiny screens and cost the same price as 500 Ford Edsels. Now Costco will throw in a free 500 inch 4K TV when you buy a $5.00 chicken.
They are making me think this is really serious. Keep hearing that we don't have that much info but they were really quick to sound a large alarm here. It obviously has the experts concerned and they know a lot more than we do.
Yeah, this is definitely a split market, but there's no way his numbers are accurate.
