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Stock Advice Thread

BlueBallz said:
I saw it this morning, it was at $19 and thought "that looks interesting", looked at it about 2 hours later and it was $41 and was like...."F*%$
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Been there, my friend, and froze. Our current leaders have had so many public screwups recently, I thought “Why not?” I had ignored what was written about Trump starting a Media company, but a SPAC merger with his group caught my fancy, wasn’t optimistic….at first. Heck, it could jump more tomorrow, but a $6+ fall late day made me sell the other half.
 
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lz said:
Been there, my friend, and froze. Our current leaders have had so many public screwups recently, I thought “Why not?” I had ignored what was written about Trump starting a Media company, but a SPAC merger with his group caught my fancy, wasn’t optimistic….at first. Heck, it could jump more tomorrow, but a $6+ fall late day made me sell the other half.
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and after hours it's up to $56 lol.
 
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Saw that, a chomp on my arse, too, but I don’t look back at much.
 
lz said:
Just now sold the rest, made total profit of $13,481.25, best ever investing day for this west Ky redneck!
Buddy of mine “Good day. I had a good day, too.I sh$h my pants.”
He’s even older than I am.
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Holy shit! Hearty congrats!!

SPAC's are back perhaps. Software has been solid as well.
 
jameslee32 said:
Holy shit! Hearty congrats!!

SPAC's are back perhaps. Software has been solid as well.
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James, I don’t know SPACs well enough to say, RBS might know something. I literally stay only slightly right politically, but the stupidity of ramming things down people’s throat led me just at the opening to say: “Dang, the timing is right for this trade to work!” One of my nephews bought at $45, up $15 after hours, wants me to get back in. Nope.
 
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SPAC’s fell out of favor in WallStreet in Feb. 2021 and they have been hammered up until the last couple of weeks with former SPAC’s …. and we are seeing a bit of rotation back into some of those former SPAC’s whose price had been beaten down so far that there are some great investment opportunities…. not all, but enough to make 20-30% in the last couple of weeks or so.

What happened today with DWAC was fomo at its best today. At 4:00 am, the news was announced about Trump merging with DWAC (a SPAC) for a new media platform. The stock immediately doubled to 20 and then faded on a rumor that an offering was being made which can’t happen for a SPAC pre-ticker change … none-the-less the stock dipped back to around 10.3 around 7:30 am in the pre-market … by the time the market opened at 9:30 am it had slid back up to around 12.5.

After that it went up to over 50 by 1:45 pm … dipped to 40 or so shortly thereafter but held in that lower 40’s range until close at 4:00 pm … a clear signal that after hours was going to be interesting… and it was. Price hit over $74 around 7:30 pm.

Insane stock price movement today … and PHUN rode the Trump train as well from around 3:00 pm to AH close.

Moral of the story, it’s good to use Webull which allows trading from 4:00 am until 8:00 pm.
 
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rbs said:
SPAC’s fell out of favor in WallStreet in Feb. 2021 and they have been hammered up until the last couple of weeks with former SPAC’s …. and we are seeing a bit of rotation back into some of those former SPAC’s whose price had been beaten down so far that there are some great investment opportunities…. not all, but enough to make 20-30% in the last couple of weeks or so.

What happened today with DWAC was fomo at its best today. At 4:00 am, the news was announced about Trump merging with DWAC (a SPAC) for a new media platform. The stock immediately doubled to 20 and then faded on a rumor that an offering was being made which can’t happen for a SPAC pre-ticker change … none-the-less the stock dipped back to around 10.3 around 7:30 am in the pre-market … by the time the market opened at 9:30 am it had slid back up to around 12.5.

After that it went up to over 50 by 1:45 pm … dipped to 40 or so shortly thereafter but held in that lower 40’s range until close at 4:00 pm … a clear signal that after hours was going to be interesting… and it was. Price hit over $74 around 7:30 pm.

Insane stock price movement today … and PHUN road the Trump train as well from around 3:00 pm to AH close.

Moral of the story, it’s good to use Webull which allows trading from 4:00 am until 8:00 pm.
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SOFI has had a nice run as well from about $15 to $20 the past three weeks or so. But nothing on that scale. One out of three ain't bad. lol

I don't actually do it but Fidelity offers after hours trading as well. The reason i might do so in the future is because many companies report earnings after hours. But I'm also not much of a trader either tbh.
 
Could have made $73,500 if I held my 500 sh 😵‍💫 Oh, well, chicken feed for Bezos and Gates.
 
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lz said:
Could have made $73,500 if I held my 500 sh 😵‍💫 Oh, well, chicken feed for Bezos and Gates.
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as they say, if a frog had wings it wouldn't bump it's ass when it hopped. From here it's just going to be a wild ride, I saw it spiked to $166 and now at $95. Trading was halted earlier. Now it's purely speculation with gambling money.
 
I was alerted to PHUN at $1.5 ... ran to $24 today ... I didn't buy ... wow, talk about regret.

And, DWAC hit 175 at one point ... LOL.

My prediction that small caps would get hammered because of it came true as well ... same thing happened when WallStreetBets ran up a couple of stocks a few months ago.
 
BlueBallz said:
as they say, if a frog had wings it wouldn't bump it's ass when it hopped. From here it's just going to be a wild ride, I saw it spiked to $166 and now at $95. Trading was halted earlier. Now it's purely speculation with gambling money.
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To each his own, some people very happy, some very sad today. I don’t see how day traders stand it, though I suppose it’s more like casino investing to them, enjoy using a little brain power despite never getting rich…wife and I have most every thing we need.
 
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lz said:
To each his own, some people very happy, some very sad today. I don’t see how day traders stand it, though I suppose it’s more like casino investing to them, enjoy using a little brain power despite never getting rich…wife and I have most every thing we need.
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For sure, I'm kicking myself for missing the boat. Too much risk now, congrats on the win!
 
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rbs said:
I was alerted to PHUN at $1.5 ... ran to $24 today ... I didn't buy ... wow, talk about regret.

And, DWAC hit 175 at one point ... LOL.

My prediction that small caps would get hammered because of it came true as well ... same thing happened when WallStreetBets ran up a couple of stocks a few months ago.
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My small cap ETF's are rallying off today's lows. SPSM is up 1.5% this week and 8.6% since first buying in July. IWM is up 1.2% this week.
 
My nephew loves momentum trading, so I alerted him to DWPH, tripled his money today, would have tried for more but got frustrated with the market pauses and got out…glad he did.
I think at $35-40 this may become a good stock in a few months converted from SPAC status, some people probably dying for a Trump investment without wild swings (if that becomes possible.)
 
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AMZN misses EPS estimates by over $2 after the close and after a day the Nasdaq was insanely strong! The Russell 2000 was even better up 2% as well. Great day for long shareholders overall.

AMZN down over 4% now after hours though.
 
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AAPL misses revenue estimates by $1.32 billion at $83.36 billion for the quarter. Both AMZN and AAPL are down 3.5% after hours so tomorrow the market might give back today's gains. They are 2 of the biggest pieces. Hoping to buy lower as usual.
 
Nasdaq climbing and almost flat for the day as AAPL and AMZN look like they've bottomed. Nothing is keeping this market down so far.
 
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Bluesbrother said:
If you're interested in Quantum Computing technology, a company that is the first to be listed, I believe, is IONQ. Looking to the future, this might be worth considering. IONQ merged with SPAC recently and is why you see a chart history going back to January of 2021. I think IONQ went public last Friday.
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I am responding to my earlier post because of article I just saw on Quantum Computing going forward for those interested in reading. Link not active ... must copy and paste, apologies.

www.forbes.com

An Early Investor In Twitch Explains Why He’s Betting Big On Quantum Computing

David Cowan learned a lesson from backing Twitch. Now, with Rigetti Computing, he's in it for the long haul.
www.forbes.com www.forbes.com
 
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Bluesbrother said:
I am responding to my earlier post because of article I just saw on Quantum Computing going forward for those interested in reading. Link not active ... must copy and paste, apologies.

www.forbes.com

An Early Investor In Twitch Explains Why He’s Betting Big On Quantum Computing

David Cowan learned a lesson from backing Twitch. Now, with Rigetti Computing, he's in it for the long haul.
www.forbes.com www.forbes.com
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IONQ that you mentioned earlier has really soared, with what SPAC is Righetti merging?
 
A couple of stocks I started nibbling on today are CALX & MTTR, this one up quite a bit today because of its meta link. Another one working for me this past month is hair products company OLPX. All 3 worth a look.
 
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Just purchased $5K in Series I bonds from Treasury Direct. Cute little message:

Series I savings bonds you buy between now and the end of April 2022 will earn interest for the first six months at an annual rate of 7.12 percent. That’s the second-highest rate ever!
 
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AustinTXCat said:
Just purchased $5K in Series I bonds from Treasury Direct. Cute little message:

Series I savings bonds you buy between now and the end of April 2022 will earn interest for the first six months at an annual rate of 7.12 percent. That’s the second-highest rate ever!
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Great info!
 
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So do we just buy shares of SPAC (Funny how they named their SPAC to have the acronym as a SPAC lol). Nevermind, I see it as SNII, but an article last night legit showed it incorrectly as just SPAC. I'm not putting a lot in, but definitely putting a few hundo in each big Quantum Computing name. IONQ already got me some great returns.

Rigetti has big plans for their QC to be a player in the cloud space.. and let me tell you, that's where EVERYTHING in the IT world is headed. Every company from Microsoft to NetApp to Quickbooks.. wants to move you off premise and onto their subscription and hosted service.. I feel like there's a lot worse ways to spend $100.
 
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Black Rifle Coffee Company is going public through the spac SBEA. I love the coffee, but am ignorant on the finances of the company.

www.reuters.com

Military veteran-focused Black Rifle Coffee to go public via $1.7 bln SPAC deal

Black Rifle Coffee Company (BRCC), a coffee seller that focuses on military veterans, said on Tuesday it will go public through a merger with a blank-check acquisition firm in a deal that values the combined company at about $1.7 billion.
www.reuters.com www.reuters.com
 
BlueRaider22 said:
Black Rifle Coffee Company is going public through the spac SBEA. I love the coffee, but am ignorant on the finances of the company.

www.reuters.com

Military veteran-focused Black Rifle Coffee to go public via $1.7 bln SPAC deal

Black Rifle Coffee Company (BRCC), a coffee seller that focuses on military veterans, said on Tuesday it will go public through a merger with a blank-check acquisition firm in a deal that values the combined company at about $1.7 billion.
www.reuters.com www.reuters.com
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I don't know either.. but find it crazy that a coffee company with no locations could be worth 1.7 billion. Coffee to me is like beer.. there's good ones and bad ones, but you find less and less of people who stand by one brand. It's not like Folgers and Budweiser from the 80s. There's tons of options, and it seems people enjoy changing it up and trying new ones. I don't know a single person who sticks by one brand at home.

Maybe the pandemic, with hitting Starbucks and coffee shops.. opened the door for more store-bought coffee? IDK.

Edit: And $15 for 12oz of Coffee is a rip-off. I love Death Wish Coffee because it's local to me, but same thing... wayyy to expensive.
 
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LineSkiCat14 said:
I don't know either.. but find it crazy that a coffee company with no locations could be worth 1.7 billion. Coffee to me is like beer.. there's good ones and bad ones, but you find less and less of people who stand by one brand. It's not like Folgers and Budweiser from the 80s. There's tons of options, and it seems people enjoy changing it up and trying new ones. I don't know a single person who sticks by one brand at home.

Maybe the pandemic, with hitting Starbucks and coffee shops.. opened the door for more store-bought coffee? IDK.

Edit: And $15 for 12oz of Coffee is a rip-off. I love Death Wish Coffee because it's local to me, but same thing... wayyy to expensive.
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This was my thinking as well. I love the coffee they provide......and I love to support veterans.....but I don't know if it's worth the risk.
 
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BlueRaider22 said:
Black Rifle Coffee Company is going public through the spac SBEA. I love the coffee, but am ignorant on the finances of the company.

www.reuters.com

Military veteran-focused Black Rifle Coffee to go public via $1.7 bln SPAC deal

Black Rifle Coffee Company (BRCC), a coffee seller that focuses on military veterans, said on Tuesday it will go public through a merger with a blank-check acquisition firm in a deal that values the combined company at about $1.7 billion.
www.reuters.com www.reuters.com
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it's been so hard betting on the newbies vs. SBUX and even Dunkin. Luckin tried and failed miserably.
 
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KR popping over 5% on the BBBY agreement. It never moves like that. It's a portfolio battle with TTWO to see which one is better in mine.
 
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