Looking at IPOB, even at $16-17 it seems to be trading at a conservative valuation or am I missing something? When I looked back at IPOA when it converted to Virgin Galactic in Oct 2019, it looks like it actually went down in November and didn't finally pop in December. I got into IPOB a few months back at $11.80 and was debating whether to put more money into it now that I know what company it will be funding.
Mentioned this earlier. Just released PR saying they are moving to NYSE. Could be a good short term pop (maybe long term hold).
I haven't looked in depth into opendoor. It's a zillow competitor? My strategy for SPACs in general is to get in below $11, see if it pops on announcement and then move on to the next SPAC. Too many SPACs, it's hard to pick which ones can go over $20 and become the next draft kings.
Dun, dun, dun ... of course the CEO bought a crapload of stock yesterday, too... so ... I still dunno. lol. Nikola stock drops further after report that DOJ started its probe https://www.marketwatch.com/story/n...-report-that-doj-started-its-probe-2020-09-15
You may as well add IPOA through IPOZ because I was reading that Chamath has registered all of those symbols for future use.
Yeah I'm mainly just betting on Chamath as I respect his values and investment approach. I was personally hoping IPOB would turn into Coinbase. =P OpenDoor is a Zillow competitor in the iBuying space, as opposed to the listings space. Think of OpenDoor as the CarMax or Shift but for homes instead of vehicles. I think it's a pretty lucrative space to disrupt and the next 2-3 years should be very favorable for them given the super-low interest rate environment.
I see, good point about the low interest rate. Will try to read up more. One spac that's still cheap that I'm excited about is TRNE/desktop metal, we've discussed it in this thread previously. I may actually hold that for long term.
this MACD cross-over candidate has been basing for ~a month---forming a wedge---and is poised for a pop from the lower trading channel. picked up a LEAP 185 CALL option, then sold an Oct 191 CALL against it. will use this as a hedge against all the market volatility as the Presidential election is rapidly approaching, as well as the zero discount rate environment
I like Chamath so I put a small limit order for $11.50 out for TRNE. Looking at their financials, they're pretty early stage in terms of generating revenue, which is my main concern, especially given the pandemic/weak economic outlook. They have a good business model but I think their forecast to hit profitability will end up getting pushed back a few years.
BMW and Renault are already customers, + ex-TSLA CTO is an investor. I don't follow the auto industry closely, but car sales in China have been strong. In countries with strong(er) public transport systems, there's been a shift to cars (and bicycles) due to covid fears.
im watching cnbc, w all these professional traders (managing multi-hundred-million porfotio) lamenting that they could not get in on the SNOW ipo
New to setting up a retirement plan. I know nothing. Wanting to do Roth IRA with Fidelity. Recommendations? Suggestions? I have about 30 yrs to go.
that's above my pay grade. i m gonna waiting for the lock-up period to expired, usually 90 - 180 days after tge ipo date
