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Stock Thread (23 Viewers)

Thanks for the SFIO call! Of course I stupidly sold half at .08125, but couldn't pass up 25% in less than a week. The thinking was buying back on a pullback (which probably won't come). 
Using the P word in here will get you banned, guy. 

- FBG Moderator

 
Their Yahoo stock page has a bunch of those articles about different law firms suing for security laws violations.  Seems like the usual suspects you see for other speculative stocks.

ETA; My play is to see if the internet goes crazy backing their guy Chamath and we get a good rebound.  It did work it's way up the chatter board for WSB on that swaggy site, but sure didn't show in price movement.

 
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Their Yahoo stock page has a bunch of those articles about different law firms suing for security laws violations.  Seems like the usual suspects you see for other speculative stocks.

ETA; My play is to see if the internet goes crazy backing their guy Chamath and we get a good rebound.  It did work it's way up the chatter board for WSB on that swaggy site, but sure didn't show in price movement.
Definitely one I want to buy on the dip if I can time anywhere near the bottom.

 
 Almost 7% to my goal retirement amount, set last month for the next 5 years. Makes me feel like it’s actually possible.
And as of today I'm about 6% away from my goal.  :hifive:

Shocking. I had no idea it would end badly. Somehow, I’m thinking the mods/key guys at WSB pulled out more than enough already for Lambos for life. You just knew that the early guys and the hedge funds would end up fine and that the Joe Public would foot the bill.
The GME saga/pattern was predictable.  This 90% downdraft was for sure going to happen, only question was timeline.  I stayed out of the whole thing, though IPOE caught a bit of a bid as it will be a Robinhood competitor.  

 
Damn meant to grab some PINS for earnings tonight and forgot.
Grabbed some a few days ago worried about good earnings. I’ll probably add more, but I should have bought way more a while ago around 40s. Just kept buying other stuff. Good long term play just glad I at least got a 1/3 share cheaper.

ATVI and SYNA appear to have had decent reports tonight as well. None blew away like Amazon did but at least they went up.

 
He cashed out at least 15 million on his 50k November investment.

The movie has already been optioned, between that and the eventual book deal, he's probably got another 10 million in the pipe.
CNBC talked about a Chicago grad student who turned $500 into $200K, selling right at the top.  Not millions, but pretty good return right there ;)

 
And as of today I'm about 6% away from my goal.  :hifive:

The GME saga/pattern was predictable.  This 90% downdraft was for sure going to happen, only question was timeline.  I stayed out of the whole thing, though IPOE caught a bit of a bid as it will be a Robinhood competitor.  
I stayed out too. I know I’d time it wrong and it’s not worth it.

What’s your goal? Don’t be specific just general. After last year apparently reduced my goal timeframe, I set my goal to have enough that if I get 4% return (being conservative, an 8% return would be the ####) while retired, that plus SS would get me to a number per year almost at our pre-tax but after 401k salaries. I think technically I’ve got enough right now to live really well in retirement at 4% with SS, but my goal would be living as well as we do now with much lower expenses. Then, throw in that my boys would inherit a nice chunk o’ change. Also, if I can retire in 5, I’ll let my wife keep working and focus on just investing and grilling.

 
I stayed out too. I know I’d time it wrong and it’s not worth it.

What’s your goal? Don’t be specific just general. After last year apparently reduced my goal timeframe, I set my goal to have enough that if I get 4% return (being conservative, an 8% return would be the ####) while retired, that plus SS would get me to a number per year almost at our pre-tax but after 401k salaries. I think technically I’ve got enough right now to live really well in retirement at 4% with SS, but my goal would be living as well as we do now with much lower expenses. Then, throw in that my boys would inherit a nice chunk o’ change. Also, if I can retire in 5, I’ll let my wife keep working and focus on just investing and grilling.
Conservative goals are twofold - have enough after tax monies to last until I can pull from retirement accounts (which gets easier as I get older) and to, in an overall sense, have enough money such that if I only achieve enough return to cover inflation that I am good at a reasonable expenditure rate for 40 years.  In reality I'm counting on about a 3% real return over time and a 3.75% withdrawal rate, which theoretically leaves a pretty big pile for the kids.

If I kick off I'll never get close to replacing my salary, but I'm saving 50% of after tax monies as it is right now and living a very comfortable life.  I'll probably over save for a bit to cover financial shocks - new roof, new cars, wedding for kid, etc.  

I'll also be very tuned in to the ACA with SCOTUS, etc.  I fully intend on engineering my income to stay under the cliff and capture subsidies.  HC costs are a bugger.

Good luck on "letting the wife keep working".   :lmao:

 
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Good luck on "letting the wife keep working".   :lmao:
Oh, it’ll happen. Already told her and I’m a better cook. I kind of take the lead on the kids right now anyway since she’s got a lot of West Coast calls. I’m just slowly slipping into Mr. Mom. If the investments do really well again this year, a robe may become my primary wardrobe and then what can she do?

 
And as of today I'm about 6% away from my goal.  :hifive:

The GME saga/pattern was predictable.  This 90% downdraft was for sure going to happen, only question was timeline.  I stayed out of the whole thing, though IPOE caught a bit of a bid as it will be a Robinhood competitor.  


I stayed out too. I know I’d time it wrong and it’s not worth it.

What’s your goal? Don’t be specific just general. After last year apparently reduced my goal timeframe, I set my goal to have enough that if I get 4% return (being conservative, an 8% return would be the ####) while retired, that plus SS would get me to a number per year almost at our pre-tax but after 401k salaries. I think technically I’ve got enough right now to live really well in retirement at 4% with SS, but my goal would be living as well as we do now with much lower expenses. Then, throw in that my boys would inherit a nice chunk o’ change. Also, if I can retire in 5, I’ll let my wife keep working and focus on just investing and grilling.


Ditto.  Sounds like all 3 of us are in about the same spot.  A financial advisor my company pays for ran a 48 page retirement plan that has everything you could think of in it: capitol analysis, Monte Carlo modeling, expense forecast, cash flow, social security what if's, estate planning, long term care analysis. I have yet to digest it all but his baseline goals he starts with are taxable ROR at 6% and tax free ROR at 4%.  Our living expenses match on how we live now, we've been tracking every dollar for 3 years so we know exactly what that is, plus added future expenditures, example $100,000 for all new cars in year 20XX.

The bold:  I think that's a great way to look at it and it does sound like you are really close.

 
Conservative goals are twofold - have enough after tax monies to last until I can pull from retirement accounts (which gets easier as I get older) and to, in an overall sense, have enough money such that if I only achieve enough return to cover inflation that I am good at a reasonable expenditure rate for 40 years.  In reality I'm counting on about a 3% real return over time and a 3.75% withdrawal rate, which theoretically leaves a pretty big pile for the kids.

If I kick off I'll never get close to replacing my salary, but I'm saving 50% of after tax monies as it is right now and living a very comfortable life.  I'll probably over save for a bit to cover financial shocks - new roof, new cars, wedding for kid, etc.  

Good luck on "letting the wife keep working".   :lmao:
Ditto and agree there too.

 
I can't decide if I want anything to do with BarkBox or not. On the one hand, it's really easy to look at Chewy and at COVID growth numbers and think, "Man, they could turn this into a really nice little business."  On the other hand, I have no idea what their path to profitability is, no idea what their growth actually looks like in a normal environment coming out of Covid, and no clue how to begin to value this company. Which probably means I should get out pre-merger. Might split the shares and just sell the commons on a pop day but keep the warrants.

 
I have yet to digest it all but his baseline goals he starts with are taxable ROR at 6% and tax free ROR at 4%. 
I use 5.25% ROR with 2% inflation.  I figure that 2% is reasonable in today's world, though it and sequence of returns are the two biggest knobs in how a portfolio holds up (and they're both completely out of one's control).  If inflation hits 5% for a long time I'm hosed.

 
I read up and didn't see that Nasdaq put any holds on this due to volatility.  GME must have been special that way.
Because this one was mostly market makers pushing it up. And they're allowed to do that as much as they want every day. 

 
That last push at the end of the day on AACG was pure covers.  No one wants to hold a short position over night right now.  You could see the way it faded into the close with no bids, there was no one interested in actually going long.

 
In continuing my play of looking for EV/sustainable energy SPACs, I'll be looking to get into RMGCU tomorrow if I can get in in the $10s when it starts trading.  They say they are looking to combine with a business that "has a large and growing market with an ESG and sustainability focus."  This is RMG's third SPAC, their first was a merger with Romeo Power (lithium ion batteries for EVs), which ran from $10ish to $37 after the announcement, although it's back down to $18 now.  And the COO was involved with a SPAC that merged with IEA, an engineering and construction company with a renewables segment, which dipped and didn't perform well for awhile but has gone from $5 range in September to as high as $24 since.

If you're looking for a legalized gambling play, might want to look into GHACU.  They're looking to combine with a "regional gaming, distributed gaming, or online/sports betting business."  They have the CEO of Affinity Gaming involved, looks like they own a bunch of small casinos I've never heard of.  They started trading today and closed at $10.40.  

There was talk here about how small SPACs tend to be, but in the past couple of days we had JWSM.U at $900M and AAC.U at $870M both start trading, both had really generic language in their announcements and I haven't dug into them much yet.

As alway, caveat is I don't know what I'm doing ;)   

 
Electric aircraft startup Archer to go public at multibillion dollar valuation via SPAC

By John Jannarone and Jarrett Banks

Electric aircraft startup Archer Aviation Inc. plans to go public by merging with a special purpose acquisition company, or SPAC, in a deal that will give the company a multibillion dollar valuation, according to people familiar with the matter.

The announcement could come as early as next week, these people told IPO Edge, adding that some terms of the the agreement are not final. The transaction announcement will likely include PIPE financing of at least $500 million from strategic investors, including an airline, these people said.

It is not clear which SPAC intends to merge with Archer. The company didn’t immediately respond to requests for comment.
Any guesses here? 

 
In continuing my play of looking for EV/sustainable energy SPACs, I'll be looking to get into RMGCU tomorrow if I can get in in the $10s when it starts trading.  They say they are looking to combine with a business that "has a large and growing market with an ESG and sustainability focus."  This is RMG's third SPAC, their first was a merger with Romeo Power (lithium ion batteries for EVs), which ran from $10ish to $37 after the announcement, although it's back down to $18 now.  And the COO was involved with a SPAC that merged with IEA, an engineering and construction company with a renewables segment, which dipped and didn't perform well for awhile but has gone from $5 range in September to as high as $24 since.

If you're looking for a legalized gambling play, might want to look into GHACU.  They're looking to combine with a "regional gaming, distributed gaming, or online/sports betting business."  They have the CEO of Affinity Gaming involved, no looks like they own a bunch of small casinos I've never heard of.  They started trading today and closed at $10.40.  

There was talk here about how small SPACs tend to be, but in the past couple of days we had JWSM.U at $900M and AAC.U at $870M both start trading, both had really generic language in their announcements and I haven't dug into them much yet.

As alway, caveat is I don't know what I'm doing ;)   
Quit playing the market with yourself and start playing golf so I can get you out on the course

 
Damn, should have bought more than 40 shares of PINS on Tuesday. Heck, should have just bought in the 30s/40s when I started tracking it. Had a feeling they would pop after earnings but  it jumped a little after Monday. Oh well, I’ll probably add some more as the dust settles.

Ended up being a real nice earnings night for PINS, ATVI and SYNA. But better stock price movement after a beat than AMZN. That Bezos announcement quieted a huge beat. Have a feeling it’ll slowly move up as that change gets digested.

 

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