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pmchem posted:how'd you arrive at that? the current market cap of CCIV is $13b according to TOS, but, we don't know what % of Lucid that CCIV is getting, do we? They just pay the cash per share to buy a portion of Lucid. Says the deal values Lucid at $12 billion, CCIV has about 200 million shares with $10 cash a share, so CCIV owners are getting about 1/6. So I guess the market cap of CCIV says that management cut a deal where they’re getting an 80% discount on Lucid? So once Lucid’s public, market cap should trade up to $60 billion.
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Feb 16, 2021 20:33
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Deviant posted:my $1000 of CCIV is currently $2500, i'm wondering if i should walk, or if there's potential beyond the current $50/share Maybe but I would just walk my man..
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Feb 16, 2021 20:34
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Deviant posted:my $1000 of CCIV is currently $2500, i'm wondering if i should walk, or if there's potential beyond the current $50/share if you're worried about it, sell half and let the rest ride
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Feb 16, 2021 20:35
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Shammypants posted:Yes, take those profits and run. There are so many good bets right now you could reinvest that in too. Sold 8 of my 18 contracts for $20k. Gonna let the rest ride on a hope for merge announcement this week. Worst case I made almost $12k
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Feb 16, 2021 20:35
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thats not candy posted:if you're worried about it, sell half and let the rest ride good call. If nothing else i have my initial money back.
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Feb 16, 2021 20:38
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GoGoGadgetChris posted:Picked up another G of good friend cortexyme, available today on deep discount Seems like an overreaction? That is quite a drop
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Feb 16, 2021 20:43
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you can't go broke by taking profit. that doesn't mean sell everything, but you should pay yourself something if the stock you're holding goes up 25% in a day on what is ultimately just a rumor
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Feb 16, 2021 20:43
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My favorite small cap biotech Cidara (CDTX) just jumped today on no news. Pump and dump? Insider trading? They do ha e an antifungal in phase 3, but maybe someone noticed their cool 'cloudbreak' antiviral preventative platform in the pipeline?
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Feb 16, 2021 20:50
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Lol I'm green on APHA.
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Feb 16, 2021 20:55
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Tokyo Sex Whale posted:They just pay the cash per share to buy a portion of Lucid. Says the deal values Lucid at $12 billion, CCIV has about 200 million shares with $10 cash a share, so CCIV owners are getting about 1/6. So I guess the market cap of CCIV says that management cut a deal where they’re getting an 80% discount on Lucid? So once Lucid’s public, market cap should trade up to $60 billion. given that example, if Lucid is truly valued at $12b, why do I want to buy CCIV at this price? Post-merger the Lucid market cap would be $60b, suggesting that the company is wildly overvalued and its post-merger stock should fall in price. edit: also, your example makes it so that the value of lucid either pre- or post- merger is completely divorced from the price of CCIV. CCIV $1000000!!! pmchem fucked around with this message at 21:18 on Feb 16, 2021 |
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Feb 16, 2021 21:15
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FOMO
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Feb 16, 2021 21:18
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CRSR is undergoing a bloodbath. Near $44 to less than $40. 
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Feb 16, 2021 21:18
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Scarodactyl posted:My favorite small cap biotech Cidara (CDTX) just jumped today on no news. Pump and dump? Insider trading? They do ha e an antifungal in phase 3, but maybe someone noticed their cool 'cloudbreak' antiviral preventative platform in the pipeline?
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Feb 16, 2021 21:19
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pmchem posted:given that example, if Lucid is truly valued at $12b, why do I want to buy CCIV at this price? Post-merger the Lucid market cap would be $60b, suggesting that the company is wildly overvalued and its post-merger stock should fall in price. because tesla. irrational exuberance. fomo. whatever
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Feb 16, 2021 21:20
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The gently caress happened to FUSE to shoot up? Wow
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Feb 16, 2021 21:21
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pmchem posted:given that example, if Lucid is truly valued at $12b, why do I want to buy CCIV at this price? Post-merger the Lucid market cap would be $60b, suggesting that the company is wildly overvalued and its post-merger stock should fall in price. Or is TSW just working backwards from the current market cap?
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Feb 16, 2021 21:21
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pmchem posted:given that example, if Lucid is truly valued at $12b, why do I want to buy CCIV at this price? Post-merger the Lucid market cap would be $60b, suggesting that the company is wildly overvalued and its post-merger stock should fall in price. What I didn’t realize is that the deal is conditional on a $1 billion to 1.5 billion PIPE offering so current holders are getting less than 1/6 though you can’t really know how much without knowing what the PIPE is offered at. The deal values Lucid at $12 billion per the Reuters article. You buy now because you think CCIV is robbing Lucid blind and post merger when it trades publicly it’ll go up past $60 billion market cap. e: also my point is that CCIV trading at $55/share is ridiculous
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Feb 16, 2021 21:24
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Jalumibnkrayal posted:Or is TSW just working backwards from the current market cap? which, I'm pointing out, is the problem with CCIV. Let's say Lucid's fair market cap if it was a public company is $13b. Let's say CCIV holders are only getting 50% of the equity in Lucid. Given CCIV's current price (which places its own market cap at near $13b), the market cap of Lucid would need to be $26b in order for justify CCIV's price for a 50% equity deal. In other words, CCIV would be double its fair price right now! The fair price for CCIV entirely depends on value of the target, and what % of the target CCIV shareholders are getting. NOBODY here seems to know what % of Lucid that CCIV shareholders would get. Correct? Or am I missing something about SPACs here? It just seems, as others have posted, entirely FOMO driven edit: just saw TSW's post above, looks like he and I generally agree CCIV's price is dumb if you think Lucid is worth under $20b
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Feb 16, 2021 21:27
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Time for more NDRA :elmofire:
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Feb 16, 2021 21:34
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Tokyo Sex Whale posted:The deal values Lucid at $12 billion per the Reuters article. You buy now because you think CCIV is robbing Lucid blind and post merger when it trades publicly it’ll go up past $60 billion market cap. Well you might also buy because the commonly accepted wisdom is that SPACs pop when DA happens, no matter how telegraphed and "priced in" the target is. I'm not saying it makes sense when the pre-DA price is loving $50 but it is what it is. quote:e: also my point is that CCIV trading at $55/share is ridiculous Don't let the market's stupidity get in the way of making money.
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Feb 16, 2021 21:40
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Senf posted:Time for more NDRA :elmofire: Its what I'm currently throwing spare cash into, what with it being this cheap 
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Feb 16, 2021 21:42
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I mean yeah that’s fine but it doesn’t make it any less absurd.
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Feb 16, 2021 21:44
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Made about  x2 selling half of my NDRA at the peak today, and buying back in when it dropped.  This got me wondering: If I had 100 shares, sold 50, then bought another 50, would I be at risk of a Good Faith Violation if I sold another 50? Are the brokerages smart enough to know that the shares I'm selling were the old ones which are settled?
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Feb 16, 2021 21:53
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Shammypants posted:I have made a lot of money in this stupid CCIV week. A lot.  I finally sold off my entire CCIV position because it was too much profit to gamble with. I bought a few 3/19 55C in case they officially release the DA tonight or tomorrow. I figure a couple days of waiting will cool it off back to the mid/low 40s, and I'll grab some 3/19 45C if it plays out like that. The most likely DA release is premarket next Monday. FistEnergy fucked around with this message at 21:58 on Feb 16, 2021 |
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Feb 16, 2021 21:53
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punk rebel ecks posted:CRSR is undergoing a bloodbath. Near $44 to less than $40. Weird though. They apparently purchased another company focused on streaming
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Feb 16, 2021 22:04
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i hope people bought dnn lol
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Feb 16, 2021 22:24
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Do y'all have a price target for NDRA?
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Feb 16, 2021 22:26
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a Loving Dog posted:i sold half of mine near that 53 peak to make back my initial investment, pure profit from here on out Hello, can't-lose cousin! Made the same move, sold half my shares with a sell limit $1 above where it was wobbling, that it worked told me I could've made more but there's nothing wrong with getting my principal back and still having room to grow.
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Feb 16, 2021 22:28
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Divot posted:Do y'all have a price target for NDRA? The only estimates I've seen are 3.5 - 6. https://money.cnn.com/quote/forecast/forecast.html?symb=NDRA
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Feb 16, 2021 22:34
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Divot posted:Do y'all have a price target for NDRA? Whatever happens in the positive scenario, say it goes up a lot, I am selling at 5-5.25.
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Feb 16, 2021 22:41
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I think the chance of CCIV dropping (considerably) as soon as the details of the deal are revealed are much higher than it skyrocketing any more. In any case, their target hasn't even produced a car yet. And even with the model S engineer making what looks to be something realllly similar to the model S, and the company in general aping the poo poo out of tesla, they are a long ways from proving they can follow in tesla's footsteps. Talk of 80BB valuations seems wild. Lot of irrational exuberance around here!
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Feb 16, 2021 22:45
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Aruan posted:i hope people bought dnn lol idk if it got mentioned much in here even but yeah, bought in last thursday or friday, hoping it memes pretty high
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Feb 16, 2021 22:49
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Baddog posted:I think the chance of CCIV dropping (considerably) as soon as the details of the deal are revealed are much higher than it skyrocketing any more.  I definitely wouldn't buy in at this point. The news is definitely mostly built into the price at $50. There will probably be a good short-term pop if they land the DA but at that point you'll be fighting the crowd to take profits. What's more likely, a $50 SPAC going to $100? Or an $11 SPAC going to $22 (with $10 NAV protection)?
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Feb 16, 2021 23:01
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pseudorandom posted:Made about Generally brokers use a first in first out policy unless you mess with it. This should be something you can check if you look at your buy/sells and lot information.
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Feb 16, 2021 23:02
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Darth TNT posted:Weird though. They apparently purchased another company focused on streaming It was for an "undisclosed" amount. Plus maybe people think that streaming will decline as COVID winds down?
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Feb 16, 2021 23:14
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paternity suitor posted:I definitely like cruises right now, they seem to still have about 100% upside from their current levels Feeling good about this popping 10% today, gently caress all y'all haters
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Feb 16, 2021 23:17
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AGTC Is really killing it for me I love it
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Feb 16, 2021 23:59
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bows1 posted:AGTC Is really killing it for me I love it Was down 400 in profit and then after hours hit, now I'm up nearly 3000 ALSO: last week was loving insane. It was like pump and dump central. I'll never see another time like that I don't think, literally made 10-15000 a DAY edit: just to brag a bit because I have to - went from 15k invested to 80k in bitcoin, got the gently caress out, threw 15K in stocks, turned that into 55-57k I literally went from 8k total last year to having about 150k. Shits life changing. This market is DUMB Slumpy fucked around with this message at 00:19 on Feb 17, 2021 |
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Feb 17, 2021 00:13
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Are you guys selling CCs doing 45 DTE, .15-.30 delta, and closing them out at like 50% profit or something
BlackMK4 fucked around with this message at 00:41 on Feb 17, 2021 |
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Feb 17, 2021 00:38
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Just started 2 weeks ago with a 1k deposit. I just watching people on youtube and see what they recommend. I understand that it's gambling, but I think if you do your research, you can swing the odds in your favor. It also has me a lot more optimistic about the future. I never understood how people got rich enough to retire just by putting away part of their paycheck. Investing your savings makes a lot more sense to me now. Yes I know my returns aren't sustainable. 
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Feb 17, 2021 00:41
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