thank you for bringing this to our attention back in august. My TRNE warrants are up 37% for the day. Up 150% from my cost basis. edit: took a closer look at desktop metal's presentation. i think it's worth holding a bunch for long term post-merger:
amd is a part of the smh index, which (in 2020) has performed better than tech / sp 500, appears extended, each time smh has trended above the upper channel, invariably, it comes back down. in view of this, using the smh as my advance warning system, i exited my bullish CALL spread on AMD, w a small profit
lol. I'm only up around 70%, I think (on the stock). The crazy one for me was LAZR. I've owned it about 2 days and am up around 50-55%. The only problem is I only took out half my position in that. Ah well. I'm sure there's more crap out there to be had. And then it all comes tumbling down. For the most part, SPACs of done well, the ones I thought would do well, but haven't yet I lucked out and didn't buy into except MFAC which just sat around doing nothing until I gave up and sold it. Of course now that I look at it, it just took off today, too. lol. Must be SPAC season.
I sold hcac and mfac too early as well. Can't win them all. Next penny stock I'm looking at is nnox. A lot of controversy with the shorts like citron piling on, but they just released a demo video (which admittedly still can be faked). Still undecided. Edit: added citron report
Time to maximize risk, need to sell one. Should I keep amzn or msft? Leaning heavily towards Amazon esp if there's another stimulus, but wanted to see if I'm missing anything about msft for the coming few months/year. Can dynamix/teams crush crm/work? Can msft overtake tencent as the gaming king?
once a warrant becomes exercisable, what is its delta relative to the underlying's rate of change in stock price ? for every dollar the underlying goes up, how much does the warrant go up?
Honestly at this point - fake or not - as long as you make the play and exit... I'm starting to question any rational thinking. I mean some companies aren't doing anything regarding an actual marketable product in some cases and with a few employees have some silly valuation based on - rumor/hope/magic? I mean I'm fully aware of it happening in the past but I don't recall it being this wild - I mean even actual companies who do have products but are honestly way over too, but man... I need to just re-watch any stock movie and throw darts at a board w/ random hot tickers and profit. Not serious with this plan, but I am getting a little concerned with the overall market. I'm still trying to rationalize jumping in on some I missed entry in and just testing with small moves - unless I see something good etc. It goes against my experience/plan and I fully expect a correction eventually but the market is so crazy... I'm just hoping I can have some cheap pretend lotto play as a hedge, I mean this has to peak, right?? Or did new retail break the market? Obviously I'm not talking about all companies/moves but there are so many rumor/news moves that can make this seem like a casino. On your mj take - I agree with you on sell (rumor fun ended) - the Sen won't pass unless seats change in runoffs/future elections so the dems have more control. - basically Mitch 'Grim Reaper' McConnell will kill all the fun just starting on this one to act as a faster catalyst for the eventual real legalization. I'm considering looking for a put on a few but I waited so I'm sure it's all priced in and there are better plays. On a side note, I still am thinking the UN changes in schedule of mj might act as an eventual catalyst regardless. Basically if a company falls enough after lack of senate support I think the house vote symbolizes an eventual transition to some sort of decriminalization happening sooner than later. And if, and this is a big if - mar1juana gets removed fully as a schedule 1 at some point that's going to be another catalyst - especially for research and real funding. Anyway, I'm not turning this into politics post or something (I don't visit the bad place on this forum) but McConnell has said as much and iirc gave himself that nickname.
@CCity Zero my take on valuations is that valuations based on earnings mattered more when people bought stocks for dividends, as earnings had a direct impact on how much the company could afford to give away. But now there are even mega cap stocks don't give dividends. As a retail investor, the stock may never pay a dividend, I will never own enough shares to have impact on votes, so the "value" gets more and more divorced from actual earnings and even biz performance, while retail investors pour money into stocks of companies whose products/brands they like. Parallel to that you have btc showing no fundamentals are needed, just belief/confidence in a name (yes crypto bros I know all the great properties of crypto, no need to rub in my no coin status). Its becoming more like a popularity contest, where business performance is still an important as it's one way to be popular, esp with the traditional wall street crowd or value investors, but it isn't the only metric. Name recognition, favorability towards product, hype/trend are all important also. That's my current thinking of it, which has been evolving. Edit: above address valuation of individual companies and where money entering the market is flowing to. In terms of money entering the market, low interest rates make bonds useless as an investment and increased money supply devalues the dollar. Add in direct cash stimulus to people and boom haha. Hoping for another stimulus.
Review of LGVW's product. The projected numbers aren't as jaw dropping as NNOX, and not quite as disruptive, bit still seems disruptive for its niche and likelihood of execution is a lot higher. Admittedly I bought in blind when I saw bill gates name attached and it was below $12, but on closer inspection looks like a solid company.
Very nice takes. Yeah, I guess I meant like the hype factor seems to have inflated some companies that are basically pump and dumps, I am definitely not talking about real companies /products or even ones that have a semi prototype, but more like NKLA type moves where it's more of an idea that's not ready. I didnt follow NKLA fully but that went from ultra hyped/pumped growth to a dumpster fire. I know I profited some on it but nothing exciting. Haha, as far as crypto, I played around with it a little bit - it was pretty shady on the exchanges and other than learning fun pump and dump strats that work on penny stocks... it's not something I recommend. Especially when there's no regulation and a spot you're trading at can be gone with all your money. I basically had a little run - cashed out small initial investment + small profit into USD within 2 days and then moved the remaining crypto around eventually getting some stuck on a trssh site fortunately it was like $80, I just feel bad for the people that dumped in 1000s + and screwed up on a trash site or transfered the crypto wrong. I think if anyone is trading with real investments/money RH is even more safe than any cryptocurrency and that's saying something because we all know about RH trading, haha
