Yes, but culting-up is now a viable part of the game because of fanboys and Robinhood and foreign interference.
It’s def looking like that.. this market is just so F’d up now with these RH gamblers and etc. Stocks with good news and earnings take a **** while stocks going bankrupt are going up 100+% lulz.
I'm just gonna hold as it's a unique company, should remain important/relevant for a long time. In terms of price action so far, my theory is it was undervalued for first few weeks because it wasn't a traditional ipo with long lock in periods for major shareholders. They didn't need to raise funds, the purpose of the direct listing was to let major shareholders and long time employees sell/reduce their positions. Read that thiel + the ceo sold a lot of stock, causing higher than normal selling pressure at the start. Once that heavy selling stopped it started to climb.
Forgot to post this earlier. Elon is warning everyone about SPACs in response to the Forbes tweet/article. And, of course, the Forbes article mentions Tilman's Landcadia Holdings as being "suspicious". He can't seem to catch a break. I may have to read the entire article when I wake up later : SPAC: Landcadia Holdings II IPO Funding: $300 million Merger Partner: Golden Nugget Online Gaming Valuation: $745 million PROBLEM: Blatant conflicts of interest. Debt-laden Tillman Fertitta is selling his Golden Nugget Online Gaming operation to his own SPAC (his second). When the dust settles he will own 11% of the new company and his debt load will be reduced by $150 million. (Despite this, and a dismal performance on his first SPAC, Fertitta raised $500 million in Landcadia Holdings III in October.)
Desktop Metal announces shipments of Shop System to several customers The company has revealed more than half a dozen early adopters. Desktop Metal has announced its metal binder jetting Shop System is now being manufactured in volume and shipped around the world. The company has revealed more than half a dozen early adopters, including CETIM who was announced in May and Wall Colmonoy who was announced earlier this month, across Europe and North America. Installations are also said to be under way in the Asia Pacific region. Desktop Metal unveiled the Shop System 12 months ago and has designed it to enable machine and job shops to harness metal binder jet technology to produce end-use parts for the automotive, oil and gas, and electronics industries, among others. The Shop System is said to provide excellent surface finish and resolution, operate at speeds up to 800 cc/hour to produce batches in the tens and hundreds within hours, and deliver fine feature detail. It also boasts build volumes of 350 x 220 x 50 mm for the 4L machine and 350 x 220 x 200 mm for the 16L machine. In recent weeks, these capabilities have been supplemented by the launch of the Live Sinter software and an optimised Materialise Build Processor. “Many of the benefits that have long been touted for 3D printing – mass customisation, complex geometries, lightweighting, assembly consolidation, tool-free manufacturing, digital inventories, and more – all come bundled as part of AM 2.0,” commented Desktop Metal CEO Ric Fulop. “Taken together, this suite of benefits represents a new approach to the way metal parts are being designed, prototyped and now, with the Shop System, manufactured. With the Shop System, engineers and plant operators can now eliminate many of the constraints previously imposed by traditional manufacturing methods, like CNC machining, and achieve affordable, reliable and flexible batch production of complex parts.” Expand Tim Pumphrey Complex jewellery ornament, designed by luxury goods manufacturer E.A.C. of France and 3D printed on the Shop System in steel, before being gold-plated. Joining CETIM and Wall Colmonoy in installing the Shop System are consumer product brand Jade Creaction LDA; French metallurgical training centre AFPMA de I’Ain of France; luxury product supplier E.A.C; industrial metals company Cosmind; machining company Alpha Precision Group; engineering services firm Impac Systems Engineering; and the VTT Technical Research Center in Finland. “By enabling mass production of amazingly intricate geometries, metal binder jetting is about to transform the luxury goods space,” said Patrick Chouvet, Manager E.A.C. “As a pioneer in the use of additive manufacturing in luxury goods for some of the world’s most valuable and iconic brands, E.A.C. has been exploring metal Binder Jetting technology over the past four years. After a comprehensive review and benchmarking of the competitive landscape, we chose the Shop System for its unparalleled print quality, throughput, and affordability.” “APG is extremely excited about the recent purchase of the Shop System as we know that this technology is going to change the way that engineers think, not just from a manufacturing perspective but from a limitless design perspective,” added Phillip McDonald, Advanced Manufacturing Engineer at APG. “This technology enables our customers to iterate designs extremely quickly and prototype products with no tooling costs, all with incredibly short lead times. The future is here.” Desktop Metal is offering the Shop System 4L at prices starting at $166,500 and the 16L at prices starting at $241,500. https://www.tctmagazine.com/additiv...etal-shipments-shop-system-several-customers/ TRNE showing signs of life with the news. Added some warrants as well.
LGVW interesting bill gates backed SPAC, portable ultra sound scanner that can be connected to smart phone. Picked up some shares and warrants.
Citron's coming after yooooou ... https://www.benzinga.com/short-sellers/20/11/18468793/citron-calls-electrameccanica-a-complete-joke
on Nov 12 since then, NFLX has hit 463 twice, consolidating at the bottom of the trade channel on declining volume. RSI is ~ 47. Imp Vol for NFLX options is near the low for 2020, ~35, as compared to 60 in Sept-----meaning option prices are relatively inexpensive--- constructed this bullish CALL spread long 495 strike CALL (Jan) short 545 strike CALL (4 Dec), net $22.25
Finally breaking even on this trade. FVAC -> MP is playing out really nice now too. In Chamath We Trust!
AvePoint, the Largest Microsoft 365 Data Management Solutions Provider, Announces $2bn Merger https://cdn.avepoint.com/pdfs/en/Apex-AvePoint Investor Presentation_Webcast_Final (11.23.2020).pdf Looks like a solid company, but old w/o sexy growth potential of other more speculative SPACs.
Warrants are up 23% today. looking at my holdings, basically the riskier and more ridiculous the spac/penny stock, the more likely to be green today lol.
Did you re-enter? Looks like it's going parabolic lol. I'm happy that it's up but have no idea what it's really worth. How would you time the exit? Wait till it has a down day vs rest of market?
$2B valuation for a 20-year old $150MM annual revenue/$15 EBIDTA cloud company sounds too rich for me. I'd get in if it was 25% of that price. Here's their investor deck: https://www.sec.gov/Archives/edgar/data/1777921/000121390020038638/ea130364ex99-2_apextech.htm
