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tangy yet delightful posted:Our very own DeepFuckingValue Except DFV watched $34M of his profits evaporate because randos on reddit called him a hero.
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Feb 16, 2021 22:14
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Welp I just had my first $10k day and now have a big enough trading account to meet the SEC's day trader requirements, albeit just barely as I watch it evaporate in ah.  e: thx  VVVV XYZAB fucked around with this message at 17:13 on Feb 17, 2021 |
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Feb 16, 2021 22:20
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Congrats! That's a big step.
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Feb 16, 2021 22:32
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Brass Hand posted:I bought AACQ based on this thread. Does anyone know if there is much substance to the talks with Origin? May just get out now with my 20% and move onto something new NAV again. I sold half of mine Friday AH and the rest this morning the instant warrants didn't hold $4. It could go either way and unless I have really compelling reasons I'm not holding anything past initial announcements or rumor pops. There is almost no tangible information about Origin or what IP they actually own and can capitalize on. There probably is something there, AACQ is a very large trust ($700M+). It has to be more than "We can make some plastic from wood chips and sell it to Nestle in 2023" but I'm not gonna wait to find out.
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Feb 16, 2021 23:06
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Yeah that's exactly how I felt about LOAK at $11
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Feb 17, 2021 00:16
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How long does it normally take from splitting units to being able to trade the commons and warrants separately? I own them in a non-taxable account so I figured I can always sell and rebuy separately if I want to but if I can get TDA to waive the $30 fee I'd probably just do that if they are tradeable fairly quickly.
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Feb 17, 2021 00:19
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FistEnergy posted:Yeah that's exactly how I felt about LOAK at $11 And how I felt about SBE at 15. I'm not very good at this and I don't know how I'm up 50% in less than 3 months when all the poo poo I didn't sell ended up trending like FUSE and GHIV. I try not to think about it too much I just keep mashing that sell button then buy something else now.
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Feb 17, 2021 00:38
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Uterine Lineup posted:How long does it normally take from splitting units to being able to trade the commons and warrants separately? I own them in a non-taxable account so I figured I can always sell and rebuy separately if I want to but if I can get TDA to waive the $30 fee I'd probably just do that if they are tradeable fairly quickly. Depends on the broker, but a few days to a week. FistEnergy posted:Yeah that's exactly how I felt about LOAK at $11 I got out of LOAK at $16 and felt like a genius at the time.
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Feb 17, 2021 01:43
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If I understand correctly a weedstock can’t be traded on US exchanges and most list on Canadian exchanges, so what happens if a US listed SPAC merged with a weed company?
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Feb 17, 2021 02:34
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gay picnic defence posted:If I understand correctly a weedstock can’t be traded on US exchanges and most list on Canadian exchanges, so what happens if a US listed SPAC merged with a weed company? Many weedstocks are traded on the NASDAQ, TLRY and SNDL for example.
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Feb 17, 2021 03:01
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I thought of an interesting (maybe) hypothetical with SPACs. What if you invest in a SPAC and eventually it turns out that they are in talks with the company that employs you? Or say you have some other insider knowledge about a company, but you had no idea the SPAC was going to target the company for which you had insider knowledge. Would there be any way to avoid insider trading? Sell immediately? Never sell? edit: to be clear, I meant it was *maybe* interesting, it's definitely a hypothetical :P vote_no fucked around with this message at 06:22 on Feb 17, 2021 |
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Feb 17, 2021 05:54
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vote_no posted:I thought of an interesting (maybe) hypothetical with SPACs. What if you invest in a SPAC and eventually it turns out that they are in talks with the company that employs you? Or say you have some other insider knowledge about a company, but you had no idea the SPAC was going to target the company for which you had insider knowledge. Owlet employee spotted.
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Feb 17, 2021 05:56
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vote_no posted:I thought of an interesting (maybe) hypothetical with SPACs. What if you invest in a SPAC and eventually it turns out that they are in talks with the company that employs you? Or say you have some other insider knowledge about a company, but you had no idea the SPAC was going to target the company for which you had insider knowledge. Follow the same rules you would for buying/selling stock in the company you work for. Trading in the company you work for isn't insider trading. Trading based off material non-public information is but the bar is surprisingly high and you probably don't know any unless you are senior or specifically working in finance or mergers/acquisitions. Ask your legal/compliance department for guidance, verify with them whether anything you are working on and have knowledge of would consist of material non-public information, only trade during open trade windows and/or get trades approved by legal if you feel that you could be scrutinized for trading off of non-public information. Make it clear you are covering your rear end and trying to play by the rules and you probably aren't going to prison for selling relatively tiny amounts of company stock.
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Feb 17, 2021 06:13
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Maybe I should have asked the opposite question: isn’t it possible, due to the nature of SPACs, for someone to be unable to avoid insider trading?
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Feb 17, 2021 06:37
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vote_no posted:Maybe I should have asked the opposite question: isn’t it possible, due to the nature of SPACs, for someone to be unable to avoid insider trading? If you buy a SPAC called LUVD because they say they will be targeting firms in the sex toy space and you think they could find a big fat juicy target so you buy 100 shares at 10.50. The shares rise to 14 on no news. You keep holding. At work on Monday, you find out LUVD is in talks with your CEO to acquire The Dick Factory Corporation. The public does not know this information (yet). If you sell your shares on your lunch break because you think your company sucks and it's not worth $14 then you maybe did an insider whoopsie. If you buy more shares because you think your company is awesome and LUVD is about to jump up in price once the news goes public, welp you also probably did an insider. If instead when you find out that LUVD is talking to your CEO - you go to your legal/compliance department for advice on when to buy/sell. Probably you won't be hosed over by the SEC.
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Feb 17, 2021 06:46
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vote_no posted:Maybe I should have asked the opposite question: isn’t it possible, due to the nature of SPACs, for someone to be unable to avoid insider trading? Even CEOs can sell stock, they just have to jump through a lot more hoops to do it. It's unlikely that someone can get themselves into a situation where they have no options but insider trading.
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Feb 17, 2021 06:48
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I put in an order to limit sell my CCIV shares but then I decided to cancel it. Hopefully I don't miss the DA spike but SPCX got out of CCIV and their focus is pre-deal SPACs and maybe I am wrong but there is so much SPAC hype + EV hype that I think the DA hitting will spike CCIV higher rational valuation or not. We'll see how the week plays out.
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Feb 17, 2021 06:57
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vote_no posted:I thought of an interesting (maybe) hypothetical with SPACs. What if you invest in a SPAC and eventually it turns out that they are in talks with the company that employs you? Or say you have some other insider knowledge about a company, but you had no idea the SPAC was going to target the company for which you had insider knowledge. IANAL and I'm just making educated guesses, but I'm guessing in this scenario you would be required to hold the shares until some time after the merger. You didn't have insider information when you bought the stock and then when you sell the stock the information you learned will be public. No insider trading.
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Feb 17, 2021 07:07
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Is iAnal Apples new buttplug? Does it take USB3 or do I have to get a lightning cable?
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Feb 17, 2021 08:04
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Gaius Marius posted:Is iAnal Apples new buttplug? Does it take USB3 or do I have to get a lightning cable? It charges off of JO energy and imitation crab meat so you should be good to go
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Feb 17, 2021 08:55
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It even had bluetooth connectivity to my model train set!? What a world we live in.
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Feb 17, 2021 09:00
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AACQ DA? https://www.businesswire.com/news/home/20210217005434/en/ quote:Following the expected second quarter 2021 transaction close, the combined company is expected to have an estimated equity value of approximately $1.8 billion and will remain listed on Nasdaq under the new ticker symbol “ORGN.”
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Feb 17, 2021 13:27
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loving FUSE. This is the 2nd time I wanted to be out and done with it with a modest +8-10%, but it was one of the first SPACs I picked up so it's in vanguard and I can't afterhours trade. Then it drops like a rock during market hours.
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Feb 17, 2021 15:43
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The Economist posted a piece on SPACs https://www.economist.com/finance-and-economics/2021/02/16/why-spacs-are-wall-streets-latest-craze quote:How might the craze play out? About three-quarters of SPACs launched last year are yet to do a deal. One scenario worth considering is that bumper issuance leaves many SPACs unable to find suitable targets. Investors can redeem their shares at cost until a target is bought (the proceeds from the SPAC’s IPO are kept in an escrow account in the meantime). The burden of failure—the SPAC’s set-up and search expenses—would therefore probably fall on sponsors. To avoid this, many might take any willing firm public. Voting and redemption mechanisms guard investors against dodgy deals, though they have not prevented investors from losing money so far.
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Feb 17, 2021 16:49
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NVSAU is listed, run by former Boeing CEO, no idea what the future is for this SPAC but they focus on Space, Defense etc. My guess is they have no focus on Space in the long run. A lot of interest in this one.
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Feb 17, 2021 16:50
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what the gently caress is happening with cciv right now, again
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Feb 17, 2021 16:58
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Handen posted:what the gently caress is happening with cciv right now, again i put in an order to sell all my shares if it hits 60, i kinda want off the ride with some good profit lol
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Feb 17, 2021 17:01
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a Loving Dog posted:i put in an order to sell all my shares if it hits 60, i kinda want off the ride with some good profit lol I want back on if it dips to 40.
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Feb 17, 2021 17:03
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a Loving Dog posted:i put in an order to sell all my shares if it hits 60, i kinda want off the ride with some good profit lol My job until DA is to sit in front of my computer watching candles. When it breaks loose, I'm out.
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Feb 17, 2021 17:05
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Lum_ posted:The Economist posted a piece on SPACs Such a hatchet job. Even successful SPACs like SHLL and SBE failed their merger votes and people loved those. What makes them think that a SPAC picking a poo poo target just to get it done won't get voted down? I guess bag-holders might end up losing money if they're buying at hyped valuations, but I'm not actually sure who those people are. "Retail" such as it exists in this online space doesn't seem to employ this strategy. So who is actually holding long and getting burned that they are concern trolling on behalf of?
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Feb 17, 2021 17:50
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Chad Sexington posted:So who is actually holding long and getting burned that they are concern trolling on behalf of? You might be surprised to learn that there are a lot of capital-D Dumb people on StockTwits, Reddit, and perhaps even here on our big stupid internet forum. Questions like “I just dumped my life savings into warrants, how many years should I hold them?” and “what’s the difference between green and red?” abound.
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Feb 17, 2021 17:57
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thats easy, the green releases endorphins and the red, well, the red makes me sad
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Feb 17, 2021 18:14
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a Loving Dog posted:thats easy, the green releases endorphins and the red, well, the red makes me sad I thought sad was blue and red was anger
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Feb 17, 2021 18:21
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No, red is definitely sad. Green is the adrenaline rush
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Feb 17, 2021 18:32
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Just bought 20 shares of MTAC thanks to the heads up from GrandmaParty's post.
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Feb 17, 2021 18:35
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SPACs: Finding Support At 500% CCIV 
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Feb 17, 2021 19:39
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This is my new SPAC theory of printing money, please tell me what you think. Find SPACs that have notable board members (Arclight, MTAC, NVSAU etc.). Observe those SPACs until prices hit 11.50 (from 10.60 at launch), at which point *someone* seems to have heard that news was coming. Generally this is a month or two after SPACs are launched. Buy at this point. Usually a week or two later the stock jumps tremendously. Cash out.
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Feb 17, 2021 20:01
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11.50 is still pretty low so that sounds okay. You're missing the profit from 10.50 to 11.50 though, and 11.50 will absolutely drop below 11 on SPAC-wide red days.
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Feb 17, 2021 20:07
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FistEnergy posted:11.50 is still pretty low so that sounds okay. You're missing the profit from 10.50 to 11.50 though, and 11.50 will absolutely drop below 11 on SPAC-wide red days. It comes down to whether you have the capital ready now or if you need a day or two to muster it. TPG Pace Beneficial Finance Corp gave you 2 days to get money once it hit 11-11.50 before it took off. Arclight gave you a little more. The gamble only works when you select corporations that are receiving praise online for their hires on the board, and if those individuals are industry insiders. Where SPAC IPOs have just finance guys from this hedge fund or that it doesn't work. My logic here is that these SPACs aren't "blank" in the sense that they don't have any idea of what they will be doing with their money. They absolutely know. It's just a matter of paperwork usually. Arclight knew they'd go after Proterra. MTAC, NVSAU and Arclight II have a keen idea of what they are going for and they chose a leader specifically for the task. Hedge fund and money man SPAC leaders are more prone to fishing. Shammypants fucked around with this message at 20:30 on Feb 17, 2021 |
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Feb 17, 2021 20:25
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a Loving Dog posted:i put in an order to sell all my shares if it hits 60, i kinda want off the ride with some good profit lol i chickened out and cancelled it when it hit 59.50, hope i dont regret that. I am playing with only profit here so not a HUGE deal but i would like more money of course
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Feb 17, 2021 20:30
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