It was fast. I saw 10% down and then clicked on it and it was already back over $23. Not sure I want more. It’s still risky and I started with 100 and added 100 at high $18s.
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Stock Thread (13 Viewers)
- Thread starter St. Louis Bob
- Start date
beef
Footballguy
Same here, I do feel comfortable with what I have in DPHC (short term play). I wasn't going to change my limit on DPHCU (long term play). It was only to add 30 more shares.
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How many shares do you have? I’ve got about a half share (full share I usually invest $8-10k) at 200. Not going to make or break me but enough that if somehow it does catch on in a few years it will be solid. Most of my other SPACs that are pre-merger are all quarter shares. They are more like holding cash since they are barely above the $10 redemption.
Dwayne Hoover
Footballguy
Can't really hold its gains. Seems to run up to 10.50- 11.00 a lot first thing in the morning before retreating below 10, its been a pattern for a couple of weeks now.
edit: as i say this, its starting to run again
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Yep, I’ve been watching. If I was a day trader this would be a stock I’d play around in because it’s pretty consistent in terms of the lows in the 9s and ceiling in the high 10s. Problem is that news could jump or bomb it when you aren’t fully paying attention.
beef
Footballguy
So that 90 DPHCU is what, 120 DHPC when you can do the warrant switch because each three is a share and 1/3 of a warrant to turn into a share?
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beef
Footballguy
Yes, from how I understand it and why I buy in 3's. 3 shares of DPHCU + $11.50 = 4 DPCH.
Could totally just buy and hold DPHC, but I'm kind of curious to see how the warrant conversion works. If I hold until then. I've said that about other W's and bailed. I may take a little hit if TD adds any additional fees as I'm not totally clear on what they will charge.
All my SPACs are in my IRA, except FMCI and OPES which arent warrants, and I did buy one or two pre-warrant split (I think) so at least I don’t have to weepy about weird tax stuff. Let me know about the fees. I think Bass said Fidelity doesn’t charge anything on the conversion or something like that.
Still waiting for those IPOs to start trading.
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Nice. They actually lowered the price before the IPO. I think the range was 15-17 or 15-16. Not a great sign but lowing could creat more of a pop. I’m just looking for a net positive for the 15 days I have to hold or lose the chance to participate.
I’m sure it won’t matter but I’m hoping that if I participate enough that somehow my hidden rating (may not exist) will somehow get me playing time for something like the next SNOW. LSF has me nicely up and PTVE is a dog I’ll sell soon. Just want net+ for these two and anything else is gravy for the next one.
By the way, how can you tell? I went into Fidelity and their bid ask info on the trade page is blank. Same with Yahoo Finance for IMNM as well.
No worries, it’s a place to park cash. Even the PTVE dog still has me up $1600 total with LSF on money that would likely be sitting in cash.Welp, now indication has dropped to around $13. I think you are correct that by staying active in all the IPOs you are more likely to get some shares of ones with more demand. (Now $12.33)
ETA: Looks like both opened and I’m up $90. Like a nice money market return on the cash. That’s all I wanted to hopefully keep getting shares.
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McBokonon
Footballguy
I like this combination of "fire in the belly" stating an intention to vanquish naysayers along with the "head down, just do the work" attitude displayed in the last bolded comment below.
“They say that we have no viable technology or product. As simple as that,” he said in a phone interview. “We’re going to present to the world, publicly, live, everything that will simply crush all these baseless things.”
Lomez
Footballguy
General Malaise
Footballguy
BTIG with a report out today on BEEM, reiterates price target of $25.
Should have been more FVRR (only bought 30 at $122), but stocks like PINS, SE (I know), CHWY, TDOC (have some LVGO already), RGEN and honestly a bunch more. I should have bought these a while ago while nibbling at other stuff but just looking for a drop of it occurs in any of them. Not sure how much of my cash I want to use at this point. Always good to have enough just in case. Today’s not a big dip. If it weren’t for AMZN, I think I’d be even or up.
skycriesmary
Climbing up the Walls
Glad you sold some AFTER the pop. I bailed a couple of days ago. 
Steeler
Footballguy
Hopefully there is another pullback because I sold everything today on the pop for a small gain and would like to get in at a better number.
Holy cow, up almost 60% today. I’ve had some 40% pops before and I’ve never bought one of those scam stocks, so I’m pretty sure this is my biggest one day % gain on a stock.
General Malaise
Footballguy
Hard not to take a profit on this one as it's been a bit herky jerky but of all the stocks I own (outside of NIKE) this is the one I have the most faith in long term. Their CEO is dynamite and I think he will be taking this company to higher highs.
FreeBaGeL
Footballguy
Looks like Romeo Power (batteries) the target for RMG spac for all my spac bretheren. Market seems to approve @BassNBrew @stbugs
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BassNBrew
Footballguy
Too many to keep track of but man there are so many EV suppliers or EV makers that it’s hard to keep track of now. Also, according to this snippet from the press release, I’m OK not owning it:
Representatives for Vernon, California-based Romeo declined to comment. Representatives for RMG didn’t respond to requests for comment.
Romeo, led by Founder and Chairman Michael Patterson and Chief Executive Officer Lionel Selwood Jr., supplies batteries to electric vehicle maker Nikola Corp., the Financial Times has reported.
What are they actually supplying and in what vehicles? According to the GM hookup with Nikola:
Nikola will be responsible for the sales and marketing of the Badger, but it will be built on GM’s new battery electric truck underpinnings and use GM fuel cell and battery technology. GM also will supply batteries for other Nikola vehicles including heavy trucks.
Again, no thanks on this one.
Don Hutson
Footballguy
That'd be a good strategy. The stock price absolutely will not fall Monday. And the price didn't even go up much in after hours trading. It should be a risk-free bet with a lot of upward potential.
Dwayne Hoover
Footballguy
FreeBaGeL
Footballguy
You jinxed it. Now we are going to wake up Monday morning to "Trump in critical condition after side effects from Regeneron cocktail".
FreeBaGeL
Footballguy
As I understand it they do the batteries for the Nikola Tre (Nikola's European semi) and GM will do the batteries for the American vehicles.stbugs said:
There isn't a ton of info out there about the company but their co-founder and CEO is ex-lead designer of the batteries for SpaceX so I guess that's something.
I mainly grabbed it because the market started buying on the announcement and typically the SPACs that have done well are the ones that moved a couple bucks as soon as the merger was announced.
That wouldn’t be good for them with the new Xbox coming out for the Christmas season. Any reason? Trying to hit the Christmas season but way behind or a technical issue. Assume it would be a huge plus for Microsoft if they couldn’t make it ready for Christmas.
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Insoxicated
Without going overboard with info... it's a very challenging time for logistics in this country right now
Gotcha, was wondering if it was more of a tech issue.Without going overboard with info... it's a very challenging time for logistics in this country right now
CR69
Footballguy
Well they already slashed their initial production goal, you think it's going to be worse?Without going overboard with info... it's a very challenging time for logistics in this country right now
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Insoxicated
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Dwayne Hoover
Footballguy
This seems like a good time to be invested in monoclonal antibodies. Hopefully my portfolio gets a lift this week
Nugget
Footballguy
I don’t think they do anything yet. Is Nikola close to a product launch? Weren’t they the company with the $38,000 in revenue which was the owner putting solar panels on his roof?
Thanks for the input. Doesn’t give me the warm fuzzies to invest after it’s gone up a little. It’s not like KCAC who’s partnered with. Volkswagen already and has a “different” battery. I don’t own KCAC although it’s at its lowest since the announcement.
Punxsutawney Phil
Footballguy
I’m sure friends and family got in on it. 15-20% of the daily volume in the last 10 minutes of trading, most of that in the last 5 minutes.
Don Hutson
Footballguy
Humanigen is up 25% in premarket trading. It could be a good sign for all Covid treatement stocks.
beef
Footballguy
Pre-market chart showing $16 around 6:15 ET!? Seems like every morning I look at HGEN it's high pre-market and at open and then trickles down throughout the day.
After hours is a field of land mines. It’s definitely opening up but I’ve seen stocks have huge premarkets only to lose 80% or more of that jump very quickly. It’ll be interesting to see how long it lasts since you’d think that it could be a bad sign as well. Good in general but bad if a competing product somehow falls in that FDA/Administration friends bucket like Gilead. Why wouldn’t they decide to move up Regeneron’s EUA so close to the election if it helps Donnie? Probably not going to start doing that for everyone else.
