the previous 2 trading days, the shortists had taken sdgr below 100, today's action is poppong off the 20 dma
i've rotating out of spacs as a lot of the value proposition has been lost the last few months (warrants running wild to $4, and sometimes above that despite no LoA), but now is the time to start looking at near NAV SPACs again (those with management that have high chance of snaring a good acquisition). Bought back into ZNTE and added FPAC last week. Low downside place to park $. @Cokebabies what's the latest in near NAV land? haha
Anyone know what's the exact date of lock-up expiration for U? I see conflicting information online for 8 Feb and 17 March. If it's 180 days from the S-1 filing (as stated here https://www.sec.gov/Archives/edgar/data/1810806/000119312520227862/d908875ds1.htm), it should be 20 Feb. Very confusing. By any earnings/revenue valuation metric this is still expensive; but this is a duopoly in a product niche that is already impt and will keep growing. So tempting. edit: @adoo if you pull back and look at SDGR's daily chart from Feb 2020 ipo to end Sep 2020, doesn't the chart look remarkably similar? Wait awhile to see if it bounces off the blue trendline?
I'll be interested on answer for U, I've had similar issues in the past with valid sources giving different dates.
not exactly. in Sep 2020, SDGR had already bounced off support, and risen to break some resistance levels. right now, U appears to have find support at the low trend line. but notice the 2 "doji" near the low trend line. "+" are indication of hesitation among traders, suggesting that a change in direction may be coming
@saitou, thanks for the suggestion did more fundy analysis, like it more than before. options are expensive, IV ~ 67; thus i've chosen to be a net seller of option contracts just got filled on this credit spread, collecting $2.60 of premium in advance, defining my max risk to be $2.40 bto Apr 105 PUT sto Apr 110 PUT should U trade as i expected, these are the targets before the 5 May ERS, as per the Finbonacci retracement 50%, 120 61.8%, 133 it could even close the 140-150 gap
It looks like pre-assigned SPAC premiums are much lower and didn't go up today much aside from select names. I interpret this as retail still being scared and playing things more conservatively. I'm underwater on my SPACs that I chased up to ~$11.50 but having 15% downside to $10 isn't the worst thing in the world. I can't imagine what it's like for all the WSB crowd who chased premiums past $13 and are still holding. In general I'm not looking to put on new positions SPACs or otherwise for awhile and am still looking for exit points as my sentiment is still bearish, esp. around tech and SPACs. If CLOV doesn't hit a home run with earnings AH today, I'm dumping the rest of those shares.
Was messing around with calls in FSR and TSLA. with the fun IV it's best to trade those in real time or make sure you're okay w/ swings/safe plan to limit risk. I'm looking at FSR for calls further out that I can find reasonable risk on, not in either atm and took profit since these were both very quick plays. But looking into $30-40 strike calls further out.
For those interested in the long term investment case for SDGR this was pretty good: https://wsw.com/webcast/svbleerink47/sdgr/2654208 Use mailinator to sign up to watch.
Wow. What a day. One of the best days I've ever had despite the small pullback the past few days and me selling some stuff earlier. I was almost 25% cash. What can a guy do to get a legit correction around here? Ah well, I'm not gonna complain too much.
Crash! Crash! Crash! Those are the best times to plow money into the market and forget about it. lol. I'm hoping this is a good time to do some shopping, though.
Lots of things up today, so there's a danger in extrapolating too much, but it seems to me that advertising is an underrated part of the reopening trade, it's more than just materials/travel. MGNI and PERI have been on fire lately as well due to actual performance, not just hype. Didn't want to buy on a green day, but will try to re-balance more googl/aapl when possible.
MVIS helped make this a +$1,475 day. Would have been much better if ENZC didn't crap the bed. Waiting for the completed transfer, moving my Roth IRA from Betterment to Vanguard, plan on getting into some stocks with high upside. Lord knows I have to time to wait things out.
ZM had an impressive ERS---beating all expectionas---awa providing an ambitious guidance in after hours, trading action was up another ~50
LFMD down 8% for no apparent reason. Insider buying recently at $20.50, it's a buy here imo. https://www.sec.gov/Archives/edgar/data/0000948320/000149315221004847/xslF345X03/ownership.xml I started a small position at $6+ when it was CVLB, intended to average in earlier but it never went down...
