Goodness gracious, pinch me.
Y'all have a good week. I'm gonna go splash cold water on my face.
Y'all have a good week. I'm gonna go splash cold water on my face.
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Stock Advice Thread
- Thread starter dgtatu01
- Start date
The disputed Mexican tax issue is from last year and helped to get the short position to 23% of float in the first place. Last Wed. night there was a preliminary favorable ruling from a judge.
If you want to provide a link to the story you are referring to, I can tell you whether it's something being re-circulated or actually a new development since last Wed's preliminary ruling.
The tax dispute will play out and wouldn't be surprised if it ends up in international tribunal/court.
Just read what was put out on today's wire. Didn't see anything that wasn't already known/baked-in.
First take is that it's the typical re-hash of something being put out to try to shake a few folks who don't know any better.
It was unfortunate that word leaked out about the THCB agreement late last night that ran up the PM this morning. Price went up to 27 in the PM. I was hoping for the release in the morning after market open and it would have done a lot better than it has thus far today. Still a lot of upside here.
My plan was to parlay those THCB profits into CCIV today and increase my position with CCIV. Oh well, still waiting on a dip with CCIV to add there. That said, with THCB at $12.5 average, I am going to hold for awhile and see what happens.
On a different note, I can't believe what WKHS is doing. It may be a mistake, but I took some profits and sold some shares with it spiking over 38 ... might parlay some of that into CCIV.
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Even boring investors like me are making money today after a tough one last week!
This update post from December 10, 2020 has worked out fairly well "thus far". Hoping things stay positive in the market ...
- I ended up selling my entire position on PIC upon merger with XL for 35
- I ended up selling all of SBE at 35 and buying some other SPAC's
- I sold all of QS at a peak and reinvested those profits
- THCB had DA today, still holding and hoping for a good run here
- BFT, currently at 16+, I am probably going to hold post-merger
- GIK, currently at 15+, have to see how this plays out if it has any XL run in it or not
- NGA, currently at 26, I was asleep at the wheel when it hit 35 and didn't sell and then buy back in after the dip ... that was a mistake on my part, now I probably hold post-merger
- WKHS has hit 38-40 in January, and I have sold some of the position for profit and still holding for decision on USPS contract to see if a big spike can get hit
- RIDE, has been flat, but I like this long-term and am holding
- Some new positions include THBR, IPOF at 12.4, GSAH at 11.3, WPF at 11, and CCIV at 17.
I'm reading nothing new as well although it's dated today but see for yourself.
https://finance.yahoo.com/news/exclusive-mexican-tax-authorities-seek-135113792.html
AG finished up 22% today. HL was up 28% also as the silver trade is on. Some of the pot names with high short interest had a great day as well. SNDL was up 48%.
This Reddit group buying is not going away it seems.
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Yeah, what I saw was dated today by Reuters, but same---nothing new.
I'm bullish silver miners long term and have been for a year or so from the $13 - $15 oz paper spot price. Personally view silver in the early innings of a long term bull market.
Certainly welcome the additional buying interest be it from Reddit or whomever. Will add some yeast to what can already be a volatile trade.
Can anyone confirm AppHarvest going public yesterday? They originally announced going the SPAC route back in Sept under NOVS. But now Fidelity and Yahoo state they went public yesterday under APPH........but a couple websites like SeekingAlpha still have them under NOVS and that APPH is AppHead......a cell phone app maker?
Is anyone starting to get cold feet? I mean this market has been on absolute tear for over 6 months. I'm getting the feeling we may see the balloon pop fairly soon. Anyone taking cover in shorts or puts, stop loss orders etc ?
I have my watch list and generally only buy something when it's well red.......so, there are sometimes lengthy periods where I don't buy at all.....just build my cash position. For this reason, cash has been building for me for a little while now. I don't use shorts/puts. Occasionally I'll use trailing stop losses, but almost all of my buys are with long term mindsets. If something drops in price, I don't want to sell it off with a stop loss........I want to buy more of it.
Ok, looks like more news is coming out on it. I guess SeekingAlpha et al haven't changed over their information. Thanks.
IVZ: Purchased @$6.96 Sold @$21.48
BEN: Purchased @$25.61 today. This one is long-term.
BEN: Purchased @$25.61 today. This one is long-term.
Very nice close today for BTWN. Not sure what the news was/is to drive that up at the end. Is there a rumored DA out there with somebody?
Rumors that Apple is investing $3.6 Billion in a partnership with KIA. Looks like the iCar isn't far off.
I had initiated a long SPY puts and long UVXY calls trade at end of December using Feb expirys. Other than being in the green briefly early on after initiating the trade, the rest of the time was in the red. Last week both went back to a nice green color and was able to close them out for a profit.
Yesterday starting moving money back into SPY Puts and UVXY calls using Mar 19 expiration. Also inititiated a long puts trade on TSLA, using three different expiration date sets: Feb 19, Mar 19 and Apr. 16.
Have added to SPY long PUTS here this morning. Watching the QQQ here with the eye on that 330.32 intraday high from Jan. 25th.
Just re-read what I wrote above in re to Paul Mampily and I think it deserves a clarification, just in case.
I really like and respect Paul Mampilly's work---at least what I've seen. I did take out a subscription to what I'd call his basic service: Profits Unlimited. The information received has been worth much more than the cost. I believe initially I signed up for a year at around $99, but upped it to a multi-year subscription when later received an attractive offer.
I obviously don't trade off of it, but I do value his work and benefit from it as it pertains to investment themes and ideas for my long-term investment account.
I cannot speak to any of his other services. I've only been exposed to Profits Unlimited for what has now been less than 3 years.
Just thought it best to clarify my previous comment in regards to Mampilly.
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New closing highs SPX & NDX.
Those Mar 19 recently initiated SPY Puts and UVXY calls getting a nice, red start out of the gate.
Those Mar 19 recently initiated SPY Puts and UVXY calls getting a nice, red start out of the gate.
The biggest market tailwind is still the fed but even more stimulus adds gasoline to the fire. At least for a while. Buying the dips keeps working until it doesn't I suppose.
I dumped BTWN for a nice little profit and bought warrants on THCB and BFT.
There's a rumor that F may have a deal with THCB (Microvast) to produce batteries for them. I hope it's true!
There's a rumor that F may have a deal with THCB (Microvast) to produce batteries for them. I hope it's true!
Only a few SPAC’s that I have or plan on holding post-merger as a long hold ... THCB and BFT are two of them.
Liquidity appears to still be plentiful enough to keep lifting the market. Was strong enough to absorb last week's punch and then go on to make new closing highs on the SPX and NDX.
It's a hell of a thing that making money matters so little to the stock price. All you have to do is manipulate the analysts by giving them more than they expect quarter after quarter. Nothing new of course.
I've watched some more of his videos, my take is I totally agree with his concept of looking at disruptive technologies and investing in companies that will be part of the next wave. I did that 4 years ago with Amazon and Google and they are still paying off big.
However he seems to rely heavily on the ARK investment ETFs and the stocks he recommends are some that are in the ARK portfolios. Since then I've watched a lot of Catharine Wood's videos who is the founder/manager of ARK and I think there is where the true action is. She is a highly impressive fund manager and really understands the next wave of disruptive technologies. I have since taken a position in all 5 of ARK's ETFs
So to conclude, I'm not saying Mampilly doesn't know anything but I just think he is trying to tap in the ARKs themes and strategies, manipulate them around and put his own spin on them and then charge people a bunch of money for his investment products. You don't need any of that, just go to the ARK website and read abut their funds and how they are managed. Look at the great returns and dive in.
ARK Invest | We Believe Innovation Is Key to Growth
ARK Invest focuses solely on disruptive innovation and offers investment solutions to investors seeking long-term growth in the public markets.
ark-invest.com
I've watched some more of his videos, my take is I totally agree with his concept of looking at disruptive technologies and investing in companies that will be part of the next wave. I did that 4 years ago with Amazon and Google and they are still paying off big.
However he seems to rely heavily on the ARK investment ETFs and the stocks he recommends are some that are in the ARK portfolios. Since then I've watched a lot of Catharine Wood's videos who is the founder/manager of ARK and I think there is where the true action is. She is a highly impressive fund manager and really understands the next wave of disruptive technologies. I have since taken a position in all 5 of ARK's ETFs
So to conclude, I'm not saying Mampilly doesn't know anything but I just think he is trying to tap in the ARKs themes and strategies, manipulate them around and put his own spin on them and then charge people a bunch of money for his investment products. You don't need any of that, just go to the ARK website and read abut their funds and how they are managed. Look at the great returns and dive in.
ARK Invest | We Believe Innovation Is Key to Growth
ARK Invest focuses solely on disruptive innovation and offers investment solutions to investors seeking long-term growth in the public markets.
I too am in all Ark funds. Have they set a date for ArkX yet?
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