Can't be all that bad... they're trading at an ATH after hours. Every pullback in this thing meant to buy so far. But of course this means it'll go to $0 tomorrow.
I finally got stopped out of LAZR today. It was a good, insane run. It was no GLSI, but wth. BTW, GLSI's trading range today was $12.15 - $158.07, apparently I don't think I've ever seen a non-penny stock do anything like that in a day. Maybe I have and have just forgotten about it, but damn. And of course t's up 39% again after-hours.
@Sajan my earlier take based on light reading. I think it has legs, don't think it will catch fire the way a kcac or trne can capture ppl imagination, but it's more interesting than a paysafe imo. I also see shills on reddit calling it the pltr of sports betting which is useful for helping ppl see the potential quickly haha.
Well, it depends on the market. If you're talking about the "normal" market, I was hoping for a bit of a pullback before continuing up, but if you're talking SPACs, who knows. I don't know about the dollars being thrown around, tbh. Is that mostly the Robinhooders? Is it being done on tons of margin? If it is, I'd be worried. A lot of money probably went into that DASH IPO, but its pop coincided with the rest of the market giving up a lot of gains, so it's money just moving around.
I read through the AG's press release and I think the basis for their case is really weak. There's other things they could have nailed FB for but they chose some pretty lame reasons like "FB overpaid for IG to stifle the competition". I see FB walking away from this with a slap on the wrist or some scratches at best. That being said, I think the spotlight on FB hurts them more than the actual lawsuit because it hinders their ability to fight in their current war against Apple. https://ag.ny.gov/press-release/202...tistate-lawsuit-seeking-end-facebooks-illegal
Yeah, man, this market is insane. I also think the plan sounds good on WTRH, I mean it's worth a shot. And earlier I asked just because once you hit some amazing runners, options can be great, then again some stocks with the high % are acting like options with the gains, haha. Anyway, hope you make a lot of money
Pennies are hard to gauge. I just day trade them off price action. Buy low sell high, rinse repeat. I don’t usually even play them but similar to spacs taking advantage of the pumping. and not much else to do in a red market
Running out of decent sub $2 warrant spacs to flip. Bought a bunch of fuse w @$1.46. No target announced, but management looks decent for a fintech play. A good rumour could send it above $2.
Yeah, I think this is best and definitely do this a lot on options too/like if it's not a long term plan .. I'll buy several if it's looking good and will avg out and take profits (usually almost same day in this market, unless it's a play I'm expecting to run in the morning etc.). I don't know if my strategy is great or anything (and know you're definitely more experienced than me) but in this market I haven't been holding many contracts/pennies overnight - so profits are secured. I'll leave some in if I made enough return or feel super confident, but I really don't like leaving risky options/penny stocks in play once I've started hitting a nice return (obviously this is the normal move, but in this market it has been really amplified). Going from a 500% return on a silly option/penny and not securing profits... and waking up to being down -50% from your premium/entry due to some rumored news - really sucks
https://www.npr.org/2020/12/10/9449...andemic-fears-takes-its-company-public-in-ipo Opinions on Airbnb?
