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Stock Thread (18 Viewers)

I know most of you guys are done with SPACs but I'm still in VCVC and HZAC and both are trading under $10.

VCVC at 9.68 (3% discount) and HZAC at 9.91 -- figured I'd share since VCVC was so far under 10.

 
Hearing no advice about Convertible bonds, I'm charging ahead with the purchase of one tranche each of CHY around $15.50 and ICVT around $100. 

 
Steeler said:
I know most of you guys are done with SPACs but I'm still in VCVC and HZAC and both are trading under $10.

VCVC at 9.68 (3% discount) and HZAC at 9.91 -- figured I'd share since VCVC was so far under 10.
Click to expand...
SPACs just aren’t getting any premiums anymore so I’m out of that game completely. I still own a few that went public that way but honestly, you can just buy them once they show some good results and you can get an actual understanding of their fundamentals. I sold my CLOV during that short squeeze, but it’s back down in the $8s. Once these SPACs changeover, fundamentals take over and they can easily go under $10 and based on history, most will. If a company ends up being a great company in 5-10 years, you’ll have had a ton of opportunities to see their growth and still get in really low even if you ignored the SPAC.

 
stbugs said:
SPACs just aren’t getting any premiums anymore so I’m out of that game completely. I still own a few that went public that way but honestly, you can just buy them once they show some good results and you can get an actual understanding of their fundamentals. I sold my CLOV during that short squeeze, but it’s back down in the $8s. Once these SPACs changeover, fundamentals take over and they can easily go under $10 and based on history, most will. If a company ends up being a great company in 5-10 years, you’ll have had a ton of opportunities to see their growth and still get in really low even if you ignored the SPAC.
Click to expand...
You are definitely right about SPACs in general.  I was just pointing out VCVC was under 10 so (for now) a guaranteed return as long as you sell at 10 when the merger is announced or whatever. Also it already rebounded to 9.96 today and it's been moving 3-4% per day for the last few days.  An option for traders more than investors at this point.

 
Steeler said:
You are definitely right about SPACs in general.  I was just pointing out VCVC was under 10 so (for now) a guaranteed return as long as you sell at 10 when the merger is announced or whatever. Also it already rebounded to 9.96 today and it's been moving 3-4% per day for the last few days.  An option for traders more than investors at this point.
Click to expand...
There is no guarantee in any way if the merger goes ahead. There is only a guaranteed amount if the merger doesn’t go ahead. The money promised to the company has already happened in that the money raised by the SPAC happens day 1 and when the symbol change happens it could be at $9 and stay there.

 
stbugs said:
There is no guarantee in any way if the merger goes ahead. There is only a guaranteed amount if the merger doesn’t go ahead. The money promised to the company has already happened in that the money raised by the SPAC happens day 1 and when the symbol change happens it could be at $9 and stay there.
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e.g. BARK

:sadbanana:

 
I haven’t participated in many IPOs lately (tons lately) and am still down on APP because some damn analyst downgraded them after great earnings. As a Traeger fan, I am going to put in for some of that but I know squadoosh about the rest. Any of the names below something I should look into or try to participate?
 

CLARIOSInitial Public Offering07/29/2021$17.00 - $21.0007/21/2021 - 07/28/202188,080,495 sharesIndustrials

TRAEGER, INC.Initial Public Offering07/28/2021$16.00 - $18.0007/21/2021 - 07/27/202123,529,411 sharesConsumer Products & Services

MERIDIANLINK, INCInitial Public Offering07/27/2021$24.00 - $26.0007/19/2021 - 07/26/202112,000,000 sharesHigh Technology

SOPHIA GENETICSInitial Public Offering07/22/2021$17.00 - $19.0007/19/2021 - 07/21/202113,000,000 sharesHealthcare

CANDEL THERAPEUTICS,Initial Public Offering07/22/2021$13.00 - $15.0007/16/2021 - 07/21/20216,072,000 sharesHealthcare

CORE & MAINInitial Public Offering07/22/2021$20.00 - $23.0007/14/2021 - 07/21/202134,883,721 sharesEnergy & Power

GAMBLING.COM GROUPInitial Public Offering07/21/2021$11.00 - $13.0007/13/2021 - 07/19/20217,500,000 sharesConsumer Products & Services

ABSCI CORPInitial Public Offering07/21/2021$15.00 - $17.0007/15/2021 - 07/20/202112,500,000 sharesHealthcare

POWERSCHOOLInitial Public Offering07/27/2021$18.00 - $20.0007/19/2021 - 07/26/202139,473,685 sharesHigh Technology

RISKIFIED LTDInitial Public Offering07/28/2021$18.00 - $20.0007/19/2021 - 07/27/202117,500,000 sharesHigh Technology

 
YINN

3x China Bull following the FTSE China 50 Index.  Biggest holding would be Alibaba, Tencent, Meituan.

If you are feeling like gambling with China exposure.

 
stbugs said:
I haven’t participated in many IPOs lately (tons lately) and am still down on APP because some damn analyst downgraded them after great earnings. As a Traeger fan, I am going to put in for some of that but I know squadoosh about the rest. Any of the names below something I should look into or try to participate?
 

CLARIOSInitial Public Offering07/29/2021$17.00 - $21.0007/21/2021 - 07/28/202188,080,495 sharesIndustrials

TRAEGER, INC.Initial Public Offering07/28/2021$16.00 - $18.0007/21/2021 - 07/27/202123,529,411 sharesConsumer Products & Services

MERIDIANLINK, INCInitial Public Offering07/27/2021$24.00 - $26.0007/19/2021 - 07/26/202112,000,000 sharesHigh Technology

SOPHIA GENETICSInitial Public Offering07/22/2021$17.00 - $19.0007/19/2021 - 07/21/202113,000,000 sharesHealthcare

CANDEL THERAPEUTICS,Initial Public Offering07/22/2021$13.00 - $15.0007/16/2021 - 07/21/20216,072,000 sharesHealthcare

CORE & MAINInitial Public Offering07/22/2021$20.00 - $23.0007/14/2021 - 07/21/202134,883,721 sharesEnergy & Power

GAMBLING.COM GROUPInitial Public Offering07/21/2021$11.00 - $13.0007/13/2021 - 07/19/20217,500,000 sharesConsumer Products & Services

ABSCI CORPInitial Public Offering07/21/2021$15.00 - $17.0007/15/2021 - 07/20/202112,500,000 sharesHealthcare

POWERSCHOOLInitial Public Offering07/27/2021$18.00 - $20.0007/19/2021 - 07/26/202139,473,685 sharesHigh Technology

RISKIFIED LTDInitial Public Offering07/28/2021$18.00 - $20.0007/19/2021 - 07/27/202117,500,000 sharesHigh Technology
Click to expand...
Gambling.com. How apropos. 

 
Todem said:
My post from 3/16/20

We also added in the days and weeks and few months following:

FDX

DFS

PM

AMT

MDU

PFE

BLMN

MGM

BLDP

QS

CAT

NFLX

KO

PEP

NKE

DE

CMI

MRK

PG

WMT

LMT

DEO

TSCO

EBS

GIS

RTX

GCV (Convertible Bonds)

ADX (for those with much smaller amounts looking for a well managed large growth closed end fund)

We just recently added BABA on the big weakness a week or so ago.
Click to expand...
@pecorino

Not really my thing, but Todem had one in his recommendations a while back. 

 
I realize nobody cares :lol:  

But I got out of VCVC today on the pop to just about break even.  There was a vote on moving forward with the merger and the new ticker will be REE assuming approval.  REE seems interesting (another EV company) but they are a long way from revenue so I can always get back in later if I want - probably at a lower price.

 
  • Smile
Reactions: KGB
2Squirrels1Nut said:
Nice!   

Wish I would have bought 1000 more. ;)

ETA

Holding a bit longer.  It seems to jump post 30 per share. 
Click to expand...
Riot.

Yeah, I'm only getting out because I need the $ for a new crypto play.

Otherwise I would hold too

 
KGB said:
Riot.

Yeah, I'm only getting out because I need the $ for a new crypto play.

Otherwise I would hold too
Click to expand...
Apparently there was some sort of crypto symposium today with Musk, Ark and other big shots.  Wish I would have known that yesterday.  <_<

 
Last edited by a moderator:
Flat-rolled steel producer Cleveland-Cliffs Inc. ( CLF ) on Thursday said that contract prices are set to rise with demand for steel.

The company reported second-quarter net income attributable to shareholders of $780 million, turning around a year- earlier loss of $124 million. Revenues was $5 billion, up from $1.1 billion.

On demand:

"Steel demand remains excellent and, as we continue to negotiate our contract businesses with several clients in different sectors, it is progressively translating into substantially higher contract prices later this year and into 2022."

"Our team has done a remarkable job in meeting the demand for steel we have been experiencing over the past six months, overcoming the impact of the automotive chip shortage as well as limited rail and truck availability."

 
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