I too picked up some PACB this week, but I'm starting to feel like I'm a little too heavy into biotech. Especially after watching gains erode today. I'm not sure which ones to focus on. Maybe I'll just roll with ARKG. But you miss out on those 20% days that BEAM, EDIT, CRSP enjoy.
SPACulators: it’d not be far-fetched to speculate that a SPAC will be funded to buy parts of INTC, no?
Yes tempted to add arkg if it drops further; mentally hard to do after getting in at $35 just this year. Paying 3x now doesn't feel good, but it's prob worth the management fee, the space changes so quickly, impossible for us noobs to keep up with every trial and fda approval.
Possible, but a SPAC doesn't guarantee intc will get the best deal. For example dkng is trading at 5x the combination valuation; it can be argued that the owners left a lot on the table. The attractive value prop of SPAC to investors is that if a proposed deal isn't attractive to shareholders they can vote to reject the deal, and if SPAC fails to reach any deal, unused funds are returned to holders (usually close to $10 per share). Recent SPACs like fertita's and softbanks where they hold voting power with potential for self dealing are turning this on its head tho.
i can see private equity firms such as BX raising funds, via a SPAC, to unlock the value of some of INTC's underperforming assets, such as its 2015 acquisition of FPGA developer Altera, a business that has admittedly been struggling 2017 purchase of Mobileye ========================================================================= on 16 Nov that credit spread expired worthless in mid-Dec , so i pocketed all the premium on the heels of that Dan Loeb news, sold another bearish CALL spread (synthetic short) on INTC, 55/50 CALL, for a credit of $2.2, defining my max risk of $2.8
@Ziggy $BNGO running hot based on report that their machine is more accurate and cheaper than PACB, also probably why PACB went down so much ytd. Ark's bio analyst said he would check out $BNGO few days ago, so wild speculation that ArkG may eventually drop PACB for BNGO if it really turns out to be better (the way they dropped illumina for PACB). It's already up a lot tho, I'm not touching. Maybe if they dilute and price crashes I will consider lol.
as 2020 comes to a close, let's share your best trade / worst trade of the year my best SE is in the intersection of online gaming / gambling and e-Commerce (a la Baba/Amazon) targeting the Indonesian / Malaysia markets, to a much lesser extent, Singapore, mushrooming into VietNam and the Phillipines, was on my watch list in late 2019 when it was in the hi 30s. missed the takeoff in Mar. got in late Apr, got in w a 75 CALL calendar, been rolling forward the short leg to higher strike, every month, to where my Jan 2021 75 CALL has become a no-cost CALL option since Sep just rolled over the short leg to Jan 210 strike CALL i am ~ $20+ cash flow positive on the spread; add to it, my long leg is gonna be ~ $130 in-the-money my worst my CRM play for the early Dec ERS run was goin the wrong way; so i double down to lower the cost basis. then came the announcement of CRM buying SNAP. which led to a blood bath for me.
sold a bullish PUT(110/105) spread (a synthetic CALL) to defray the cost of a bullish CALL spread, 108/ 118; net/net $2.00
Worst trade was buying Boeing in January and selling it in March for a 25% loss. Also currently in the hole 19% on AliBaba. I still think it does pretty well in 2021. Best move percentage wise was buying and holding Goog @ 1100.
Best trade by far was buying puts on BANC, the worst listed bank I could find when the market started tanking. I looked up good metrics to look for in a bank, downloaded fdic's data, applied filters and banc stood out as the absolute worst that was listed. I bought the puts when the underlying was $15, rode it down to $6, let go a bit late when it recovered to $8. Worst trade is prob selling tsla at $500 pre-split
i was frantically scrolling thru my watchlists for anything i always wanted but never got to buy haha. ended up just selling puts on NET.
well today hopefully is the last day of this selloff and next week could be a buying frenzy (crossing fingers). FUBO another one that’s been heavily shorted. Could drop to 25 before reversal.
You going in on it? I got 3 shares of API after you mentioned it to keep "tabs" on it. If I buy something it stays on my radar. If I don't, I risk forgetting about it.
Still just keeping an eye on everything I haven’t made a move all week. Will see what looks good at EOD. I honestly might just gamble on some clean energy and pot stocks instead of buying anything, with the senate runoff looming. I think the odds are better than Vegas
Yes I bought a bit at $39.30. It'll be a small position for me. Will only add more if it drops. I have the same tendency to forget things unless it's on the port too haha.
