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Wish I had dumped all of my NSH premarket when it was at 12
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Mar 1, 2021 18:27
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Shear Modulus posted:Wish I had dumped all of my NSH premarket when it was at 12  I still got out with profit, just not as much. I supposed I could have held on a little longer to see if it jumped more but oh well.
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Mar 1, 2021 18:36
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I'm starting to hate all this press SPACs are getting, the easy money 10.20->13 trips are going to be far less frequent and more often than not we're going to get really horrible rumors based on pure stupidity and guessery.
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Mar 1, 2021 18:37
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thats not candy posted:i cant monitor my account during market hours anymore, so i set sells on the dozen spacs im holding but only at 25%. i think 50% might be too optimistic right now but who knows. To devil's advocate? myself here, if you look at VACQ (Vector) they were at 10.25 on Friday and the high for the day was 15.15 on that rocketlab news...so maybe 50% is right  (edit - alright look I'm a bit slow this morning, obviously that's not a full 50% - damnit me)Would have been a close one though, my thesis is somewhat like if I miss a full 50% but could then, for example sell at 35% gain (VACQ currently) versus setting a 25% and missing some of the potential upswing. But like how do you pick the percentage for all spacs in this current market and do you end up bag holding. And by YOU I mean ME. Maybe 50% is too greedy. related edit: maybe I should do 40%!?!?
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Mar 1, 2021 18:39
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50% is too greedy so is 40% you wait for that every time and you're going to hold some bags, maybe lots of them
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Mar 1, 2021 18:41
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Yea we have had two today, and maybe one of them hit 50% if you timed everything perfectly, but the other (NSH) only hit 8-12%. And those 5-15% bumps are going to be way more common than the 50s
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Mar 1, 2021 18:44
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Jordan7hm posted:50% is too greedy To clarify I'm not meaning only ever selling a SPAC that hits that percentage, but just setting overnight limit orders for that percentage incase there is a pop when I'm asleep. For example if I wake up tomorrow and something I own has announced a DA and it's gone up 12-20% because it's a meh/ok acquisition target then I would just put in a new market sell order and cancel the old limit order.
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Mar 1, 2021 18:47
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Jordan7hm posted:50% is too greedy If you're treating them as bank accounts / money market (this is my strategy), anything above like 2-3% is bonkers. I make 2-3 exception for stuff above $11-12, otherwise most of my cost basis is around $10.25.
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Mar 1, 2021 18:50
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That's a very smart strategy, and you're almost immune to market corrections.
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Mar 1, 2021 19:06
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movax posted:If you're treating them as bank accounts / money market (this is my strategy), anything above like 2-3% is bonkers. I make 2-3 exception for stuff above $11-12, otherwise most of my cost basis is around $10.25. My Ally savings went from 2% to 0.1% a year. Friendship ended with online savings account.
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Mar 1, 2021 19:13
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FistEnergy posted:That's a very smart strategy, and you're almost immune to market corrections. It's a decent counter to mostly losing at options trading! Rolo posted:My Ally savings went from 2% to 0.1% a year. I am in a continually tug of war between watching my emergency funds basically lose value to inflation (but remain very liquid) vs. throwing them into SPACs / short-term ETFs, and then have a 3-5 day delay in liquidity.
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Mar 1, 2021 19:22
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movax posted:It's a decent counter to mostly losing at options trading!
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Mar 1, 2021 19:25
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movax posted:I am in a continually tug of war between watching my emergency funds basically lose value to inflation (but remain very liquid) vs. throwing them into SPACs / short-term ETFs, and then have a 3-5 day delay in liquidity. I split mine up a bit. Having immediate transfers between savings and checking is important to me so I’ll always keep some emergency funding sitting in there so it can do nothing. Also GIK is moving. Anything happen?
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Mar 1, 2021 19:41
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Fellow SWBKU holders, looks like you can now split units effective today. Warrants are currently trading at a chunky premium around $4. Switchback also just filed an S1 on their third SPAC SWBTU also targeting the energy/sustainability space. I don't see it trading on Fidelity yet, but could be a bullish signal about a potential LOI on SWBK.
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Mar 1, 2021 20:28
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Y'all think we're still in for some sort of pop on SCVX?
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Mar 1, 2021 21:10
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Of course. There's been no material news. All we can do is wait.
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Mar 1, 2021 21:13
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NSH down all the way from 12 at open to 11 now lol. Guess nobody likes this satellite company e: Should I get out of the rest of my position or hope for it to creep back up tomorrow? e2: next time i'm holding at DA i'll sell the whole thing premarket e3: ended up closing everything out at exactly 11 right before close except for one share out of curiosity so i can keep an eye on it Shear Modulus fucked around with this message at 22:21 on Mar 1, 2021 |
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Mar 1, 2021 21:23
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FistEnergy posted:Of course. There's been no material news. All we can do is wait. Cool well I've got my fingers AND my toes crossed
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Mar 1, 2021 21:32
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OP / FE -- curious why you're like THBR over ACEV? My engineering hat on, Indie Semi is nothing compared to Achronix in terms of actual products available, but even for Achronix, too much of their revenue is one customer. They gave up on the whole clock-less FPGA thing, but with my (newer, not as experienced) finance / business-y hat on, there are no programmable logic vendors left to eat besides Lattice (and they can't go foreign because of CFIUS issues) and Achronix. I don't know if long-term Broadcom or Marvell would make a play to eat them.
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Mar 1, 2021 21:45
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movax posted:OP / FE -- curious why you're like THBR over ACEV? My engineering hat on, Indie Semi is nothing compared to Achronix in terms of actual products available, but even for Achronix, too much of their revenue is one customer. They gave up on the whole clock-less FPGA thing, but with my (newer, not as experienced) finance / business-y hat on, there are no programmable logic vendors left to eat besides Lattice (and they can't go foreign because of CFIUS issues) and Achronix. I don't know if long-term Broadcom or Marvell would make a play to eat them. I don't have a preference because I don't have any industry experience. ACEV isn't on my list because I bought it below 11 and sold it at 12.50 a few weeks ago. I'm holding THBR because I bought it at 12 expecting it to go up and now I'm bagholding. It remains on my list because it's just below 11 and has a decent chance of popping back up before the merger. It's a situational play for me, not an endorsement of one over the other.
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Mar 1, 2021 23:15
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Ok sure why not? https://twitter.com/elonmusk/status/1366514542939828224
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Mar 1, 2021 23:37
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moctopus posted:Ok sure why not? goddamnit
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Mar 1, 2021 23:38
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moctopus posted:Ok sure why not? what's that famous quote again? "a rich moron lifts all spacs"?
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Mar 1, 2021 23:44
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moctopus posted:Ok sure why not? lmao I hate Elon but hopefully this makes me some money?
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Mar 1, 2021 23:52
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Elon is going to start a SPAC and it’s going to hit $30 pre split with no news at all. It’s going to get meme’d to the moon.
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Mar 2, 2021 00:42
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I'll take whatever gains this gets me but god drat I wish Elon Musk would just shut up for a year.
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Mar 2, 2021 00:49
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I don't everytime the fucker runs his mouth it makes me money
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Mar 2, 2021 00:57
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SPAC and ham don't even rhymeGaius Marius posted:I don't everytime the fucker runs his mouth it makes me money you were in on dogecoin? Shear Modulus fucked around with this message at 02:17 on Mar 2, 2021 |
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Mar 2, 2021 02:03
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Welp, it was nice working with SPACs while it lasted
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Mar 2, 2021 02:08
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Anybody own BITE/U? It had fallen down to 10.02 today so I scooped up some. I'm going to try the "don't be greedy and just get out at a ~3% gain". Either that or my money is parked until they fail to acquire someone? Is that one way to do it? Set Limit orders to sell when it bumps up to my target gain?
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Mar 2, 2021 02:36
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Shammypants posted:Welp, it was nice working with SPACs while it lasted on the other hand, a bunch of uneducated bag holders hopping into SPACs isn't a bad thing
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Mar 2, 2021 02:45
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I was about to ask if an Elon tweet that mentions SPACs would really change anything before I remembered GameStop taking off based on a tweet of an ice cream cone. And all the other insane tweets that have caused movement.
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Mar 2, 2021 02:57
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moctopus posted:Ok sure why not? This is going to be a fun week isn't it
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Mar 2, 2021 04:04
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Power Walrus posted:Anybody own BITE/U? Might as well at least hold it to the unit split? Although drat, May is a ways away.
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Mar 2, 2021 04:13
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moctopus posted:Ok sure why not? Trying to get hosed by the SEC in every market category. It's like a horrible game of monopoly.
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Mar 2, 2021 04:20
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But is it... erotic monopoly?
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Mar 2, 2021 05:03
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I guess the question is, what are the meme SPAC's that would benefit from an Elon tweet?
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Mar 2, 2021 05:33
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Divot posted:I guess the question is, what are the meme SPAC's that would benefit from an Elon tweet? are there any blockchain ones?
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Mar 2, 2021 06:13
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Divot posted:I guess the question is, what are the meme SPAC's that would benefit from an Elon tweet?
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Mar 2, 2021 07:07
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Scarodactyl posted:CCIV lmao good point
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Mar 2, 2021 07:22
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