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St. Louis Bob

By St. Louis Bob,
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Desert_Power

Desert_Power 1,064

Posted
Posted
53 minutes ago, ConstruxBoy said:

Speaking of small gains, haven't seen our favorite FishNBeer guy around in a while. 

Maybe too many MarlinsNMargaritas on National Margarita Day last week.

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Todem

Trying to time bottoms is very hard. If you believe in the company long term I feel this price is a very strong entry point long term. Set it and forget for a while. When it doubles....take your

David Dodds

I will make a wager. If this stock hits $420.69 before this earnings call on March 31st, I will pass out 100 FBG subscriptions to the gents in the stock thread.

Studs & Duds

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stbugs

stbugs 3,391

Posted
Posted
1 minute ago, Desert_Power said:

High betas giveth and high betas taketh away.

No kidding. It’s like no one remembers March of last year. I may nibble now that I’ve got more ammo, but like last week, I just don’t feel like it’s over. So many stocks I have/watch are down 20-30% off their highs. Not worried long term, but the stuff I added in February was a week early. Didn’t buy full shares just smaller amounts so I guess the follow up buys will be cheaper.

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Wu-banger

Wu-banger 113

Posted
Posted
1 hour ago, cosjobs said:

Anyone else wondering why DMGGF sucks so hard to day?

DMG Blockchain (TSXV: DMGI) this morning announced that it will be conducting a large financing. The firm will look to raise C$70.0 million via a private placement that is to be conducted with US based institutional investors only.


The financing will see the company issue 23.3 million units of the company, with each unit containing one common share and one half warrant at a price of $3.00 per unit. Each warrant is valid for three years following the date of issuance at an exercise price of $3.55 per common share.

Proceeds from the financing are to be used for infrastructure expansion and equipment purchases, investment in digital currencies, potential acquisitions and partnerships, software development, the expansion of marketing, and working capital and general corporate purposes.

The financing is currently slated to close March 5, 2021.

seems all positive momentum but the major dip is puzzling after it shot up to $3 early hours

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steelerfan1

steelerfan1 402

Posted
Posted
16 hours ago, McBokonon said:

Got back into $SKLZ after learning more about it. They report next week. 

Current portfolio by size (some are small just because they’re new, not necessarily ranked by conviction): SE, CRWD, AAPL, SQ, MSFT, FVRR, ETSY, AXON, DKNG, PINS, U, GDRX, FLGT, TTD, ABNB, NEE, Z, NNOX, SKLZ, DMTK, IMMR, SRNGU

Also about 10% cash.

Just curious, did you get out of TSCO or is that a different account?

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beef

beef 3,000

Posted
Posted (edited)
4 minutes ago, steelerfan1 said:

NNOX, CRSP, FLGT....googling retirement in Malaysia...

It's a positive that word is still in there and you're not googling "working until 80"

Just the other day I was looking at a "best places to retire cheap" and Malaysia kept coming up

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beef

beef 3,000

Posted
Posted
2 minutes ago, Nick Vermeil said:

Man I remember when I had NRGU back in the $20s.  

That and BNKU have allowed me to stay a live and lose money in a lot of other stocks.  

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John Kreese

John Kreese 75

Posted
Posted
56 minutes ago, NajehHejan said:

Cathie Woods is setting my retirement back by years. F

I guess gods will was for us to lose money.

Unfortunately I think there is more pain ahead. It is tempting to dump some of these and reallocate even though they are supposed to be long term investments.

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beef

beef 3,000

Posted
Posted
Just now, Keerock said:

What a disappointment DM has been!

Every time I look at it I tell myself to cut my losses and move on.  But then I talk myself out of it by saying not to sell on a down day.  Only to repeat it again the next...

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JAA

JAA 2,842

Posted
Posted
8 minutes ago, John Kreese said:

I guess gods will was for us to lose money.

Unfortunately I think there is more pain ahead. It is tempting to dump some of these and reallocate even though they are supposed to be long term investments.

The only strength i bring to this stonk stuff is patience.

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Ridgeback

Ridgeback 94

Posted
Posted
9 minutes ago, beef said:

Every time I look at it I tell myself to cut my losses and move on.  But then I talk myself out of it by saying not to sell on a down day.  Only to repeat it again the next...

Who gets punched in the nuts for this one, again?

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TripItUp

TripItUp 4,162

Posted
Posted
49 minutes ago, beef said:

I may have to call SoFi soon and do some refi if IPOE doesn't pick it up.  

It's a long hold for me...although I have call options that are getting killed.

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ConstruxBoy

ConstruxBoy 1,334

Posted
Posted
20 minutes ago, JB Breakfast Club said:

When is Peloton going to turn around? It's painful right now.

I don't think the bike really can turn around as it's built, right?

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Pigskin Fanatic

Pigskin Fanatic 619

Posted
Posted
37 minutes ago, Keerock said:

What a disappointment DM has been!

Quote

Desktop Metal, Inc. (NYSE: DM), (“Desktop Metal” or “the Company”), a leader in mass production and turnkey additive manufacturing solutions, today announced that the Company will redeem all of its outstanding warrants (the “Public Warrants”) to purchase shares of the Company’s Class A common stock, par value $0.0001 per share (the “Common Stock”), that were issued under the Warrant Agreement, dated March 14, 2019 (the “Warrant Agreement”), by and between the Company and Continental Stock Transfer & Trust Company, as warrant agent (the “Warrant Agent”), as part of the units sold in the Company’s initial public offering (the “IPO”) and that remain outstanding at 5:00 p.m. New York City time on March 29, 2021 (the “Redemption Date”) for a redemption price of $0.01 per Public Warrant (the “Redemption Price”). Warrants to purchase Common Stock that were issued under the Warrant Agreement in a private placement simultaneously with the IPO and that are still held by the initial holders thereof or their permitted transferees are not subject to this redemption.

Under the terms of the Warrant Agreement, Desktop Metal is entitled to redeem all of the outstanding Public Warrants if the last sales price of the Common Stock is at least $18.00 per share on each of twenty trading days within any thirty-day trading period ending on the third trading day prior to the date on which a notice of redemption is given. At the direction of the Company, the Warrant Agent has delivered a notice of redemption to each of the registered holders of the outstanding Public Warrants.

The Public Warrants may be exercised by the holders thereof until 5:00 p.m. New York City time on the Redemption Date to purchase fully paid and non-assessable shares of Common Stock underlying such warrants, at the exercise price of $11.50 per share. Any Public Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Public Warrants will be entitled to receive only the redemption price of $0.01 per warrant.

Ric Fulop, Desktop Metal’s CEO and co-founder, said, “We are pleased to streamline our capital structure following the close of our business combination and enhance our cash position by eliminating the Public Warrants. More than 75 percent of our public warrants have been exercised to date, bolstering our cash balance and providing us with significant financial flexibility to invest in both organic growth initiatives and pursue inorganic business opportunities in line with our strategy to own printers, parts, and materials that address Additive Manufacturing 2.0 applications across an array of verticals.”

i think this means the price will be depressed to sub-20 levels (current levels) for at least another month, into April, regardless of the earnings results next week. am i reading that correctly?

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FreeBaGeL

FreeBaGeL 9,370

Posted
Posted
12 minutes ago, ConstruxBoy said:

Interesting that as the S&P 500 and Nasdaq drop, the Cryptos I hold are way up. If that inverse relationship becomes a long term trend, that would be great. 

If anything typically when the market is very red crypto has been as well.  Maybe the start of a new trend here but over the last few weeks they've typically run together more than inverse.

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McBokonon

McBokonon 3,697

Posted
Posted
1 hour ago, steelerfan1 said:

Just curious, did you get out of TSCO or is that a different account?

Sold when it shot past 170. Still like it but wanted to raise cash.

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TripItUp

TripItUp 4,162

Posted
Posted
18 minutes ago, GoBirds said:

Adding more ABNB?

I'm actually holding tight with my current position...will be a long hold.  There may be better buying opportunities/swing trades for the remainder of 2021.

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TripItUp

TripItUp 4,162

Posted
Posted
2 minutes ago, cosjobs said:

wtmfxl? Cramer has some explaining to do tonight. Pumps  a stock (twice) and tanks 30% the next day.

he stated he's surprised by the selloff on Twitter.

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stbugs

stbugs 3,391

Posted
Posted
6 minutes ago, FreeBaGeL said:

Man did I ever catch a falling knife a few weeks ago with CRSP.

Wish I could fast forward 5 years. Today is tough to watch. I am a bit flush with cash but I still wonder if it’s over. Luckily my taxable account is where I have most of my cash and Amazon, which while down is down way less than the rest of my holdings. My IRAs getting crushed but I can’t touch it for 10 or so years anyway. 401ks are indexed so not bad and the contributions mask losses.

My look again at some bargains and nibble a bit to lower my cost basis in a few things. Most of the stuff I’m way up on, I’ve got more than enough and they’re still way up.

Note to self, late February and early March suck. 

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steelerfan1

steelerfan1 402

Posted
Posted
1 hour ago, beef said:

It's a positive that word is still in there and you're not googling "working until 80"

Just the other day I was looking at a "best places to retire cheap" and Malaysia kept coming up

Yeah, I was semi joking, semi curious too. And since I love SE, I’m sure the locals would accept me as one of their own when I brought that up...

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steelerfan1

steelerfan1 402

Posted
Posted
3 minutes ago, stbugs said:

Wish I could fast forward 5 years. Today is tough to watch. I am a bit flush with cash but I still wonder if it’s over. Luckily my taxable account is where I have most of my cash and Amazon, which while down is down way less than the rest of my holdings. My IRAs getting crushed but I can’t touch it for 10 or so years anyway. 401ks are indexed so not bad and the contributions mask losses.

My look again at some bargains and nibble a bit to lower my cost basis in a few things. Most of the stuff I’m way up on, I’ve got more than enough and they’re still way up.

Note to self, late February and early March suck. 

If you do nibble at st would love to see what as we have some cash but after getting in on a few AMT, CRSP, NNOX, FLGT pretty high I’m a bit gun shy. Started a DIS position at around 162 and was really wanting that to pull back a bit but not sure if that will happen.

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stbugs

stbugs 3,391

Posted
Posted
17 minutes ago, steelerfan1 said:

Yeah, I was semi joking, semi curious too. And since I love SE, I’m sure the locals would accept me as one of their own when I brought that up...

My goal has been slightly altered a bit. All I can do is laugh. Damn, swift and vicious kick to the nads today. Down a little over 10% from the peak. Will be interesting to see where we are at the end of this year. Starting to look like a mirror image of 2020, which sucked for a bit but got better.

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beef

beef 3,000

Posted
Posted
3 minutes ago, KGB said:

I'll tag along on this

I have another buy limit set at 80.  The drop since mid-Feb has basically wiped away the last 3 months now.   

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