Who cares. SPAC mechanics will cause massive dilution and I am unsure retail can hold it up once warrants can be exchanged to shares, earn out shares are granted, and majority ownership unlock happens. This will have fizzled out before election time.
Edit: Perhaps I am wrong and it can be GME 2.0, but I am somewhat doubtful. I think a lot of those idiots leaned blue so I think alienating a bunch of idiots could prevent that from happening.
Edit2: Anyone look at WBA earnings? How did anyone read that and think maybe I should go buy some? $6.5B loss taken on their villageMD purchase lmao. Those people are idiots and they’ll end up going under sooner than later. No one wants to shop there when their prices are 50% higher than any other grocery store.
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03-28-2024, 12:19 PM #5371
Last edited by RobParks2M; 03-28-2024 at 03:13 PM.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-28-2024, 05:06 PM #5372
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03-28-2024, 07:10 PM #5373
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03-28-2024, 09:41 PM #5374
They are trash if you hold further out than april monthlies. I bought a few to simply gain exposure in case they plummet. I overpaid for my first put, but the ones I got today were a lot more reasonable. Again, I doubt I’ll get crazy $$$ from these, but once I can safely acquire may or June monthlies at better prices there could be big gains to be found. IV will likely be dropping over the next couple weeks. May monthlies unlikely to be playable until after April expires.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-28-2024, 09:50 PM #5375
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03-28-2024, 10:12 PM #5376
For the exact reason in the post you quoted. It’s still a meme stock and it’s a chit tier company. Shorts could easily push this thing down with relative ease at any time so I chose to get some exposure.
Trump can earn 40m in shares within 30 days of opening day if they stay above $17.50 and those shares are not subject to lock up. They can call in warrants after they’ve been trading above $20 for 20 of the last 30 trading days and once they are registered. I can’t decide if trump would wait to call warrants until lock up expires or if he’d do it to raise the cash for the company. Regardless there are plenty of sources of dilution to do this in. Once the initial hype goes away and volume drops this will start correcting I imagine.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-29-2024, 04:32 AM #5377
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03-29-2024, 07:00 AM #5378
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03-29-2024, 11:26 AM #5379
Lol, the dick measuring contest? Biggest positions are solana, CLSK, bitcoin, and MSTR, so I can’t complain, thou some portfolios got plenty of tesla and they are flat, I don’t know what my average is since multiple portfolios. A better comparison would be in 2 or 5 years from now anyway. Where we can also compare taxes you pay on realized gains VS my zero since i buy and hold. I’m just sayin, majority of discussion on the forum is timing the market and unprofitable stocks. Just pointing that out.
P.s.
Expecting another bitcoin pop with all time high in the next couple days, even Satoshi (Adam Back) thinks so, let’s see if he is right. Too many indicators point to a massive pop.
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03-29-2024, 12:55 PM #5380
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03-29-2024, 02:14 PM #5381
I mean I don’t really care how you want to measure realized, unrealized, what amount of time you want to look across I think I’ve got you and if not that’s great for you. But you don’t talk shyt about what I’m doing if you aren’t confident enough to back it up. My strategy has always been about the same taking relatively high risk positions that don’t cost much and hope they make a big move. I’ve hit a couple 10x or better on warrants I traded like DMS. Even SABS warrants I managed to average down and come away alright even though that was close to becoming a major loss after booking a $50,000 profit back in 2020.
Right now I’m sitting on FMCC common shares I’ve been buying/selling back and forth since I originally bought fnma when they were 35 cents a share and a bunch of preferred shares that I bought that have come close to tripling.
Egy is sitting at $7 which I’ve been holding since it was TGA and I bought a majority of those shares at 40 cents. I sold 1,000 at $5.80 and have 10 CSPs at $4 and $5 for June/July I bought when shares were in that range. If it holds above $6.65 the rest of my shares will be called away.
Payo I’ve been holding for years selling CCs but I think they double or triple from here.
Sofi I’ve been holding a couple years selling CCs and CSPs.
NYCB I’ve got a bunch of cheap May/July puts at the $1, $1.5, and $2 strikes. This could easily not pan out but the reward seems worth the risk
DJT I think will be below $20 by June so I’ll play it accordingly. I started a small position so we will see what happens.
I always start options trade with 1 contract when I’m starting to follow the trade then add a few more(1/6 of overall positon). If it moves against me and I still think it’ll move as intended I’ll triple down from there(3/6) and if it still hasn’t moved or if pricing appears to be favorable I still leave enough in the tank to double down from there (6/6 or full position sizing). So as you can tell the first 2 buys are quite small relative to overall position sizing leaving lots of flexibility if I so choose to exit the position or continue building to average down. This is what works for me when I trade and results are good enough I feel comfortable sharing. But iron sharpens iron I don’t mind if you have some thing constructive to share.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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04-13-2024, 07:51 PM #5382
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04-13-2024, 08:25 PM #5383
Ayyy. I finally got rid of some silver I was bagholding since 2020 lmao!
I went in on Thursday when price was around $28.50 and decided to wait.. came back Friday morning and sold at about $29.80 I think
Don't care if it goes up anymore, chances are it'll nosedive again and stay in the $20s
Gold though, heck of a price for anyone who owns alreadyMonster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
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04-14-2024, 12:34 PM #5384
Just been irresponsibly heavy microstrategy and still haven’t taken profits. Nothing like waking up being down 50k lol… or up.no fuks given tho. Was already buying it at $150. Waiting for 3k per share before I trim a bit into Cash and safer assets. Possibly hopium but I feel I gotta take some risks.
Same with sol. Basically doing the buy and hold strategy these days. Thou covered calls on Mstr are amazing.
my original plan was always to just accumulate 1000 shares of spy and just sell covered calls on it and that’s it, but got immediately carried away to bitcoin and Tesla, so now I’m forced to ride the tiger.
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04-14-2024, 01:32 PM #5385
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04-14-2024, 02:53 PM #5386
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04-15-2024, 05:27 AM #5387
Anyone here use Wealthfront checking/savings? They have a standard 5% APY but if you use a referral link, first three months give 5.5%. I want to switch to them from Sofi but I'm not sure if they're a "safe" bank that won't go the way of Silicon Valley bank in the future, or if they're a security risk at all
Last edited by TugOfPeace; 04-15-2024 at 09:20 AM.
Monster0ultra self proclaimed "Chad" face pic looks like vtech school shooter: https://i.imgur.com/z2m6Why.jpg
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04-15-2024, 02:06 PM #5388
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04-15-2024, 06:00 PM #5389
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04-15-2024, 11:26 PM #5390
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04-16-2024, 02:52 PM #5391
Is anyone starting to worry at all about the dollar value? I mean it's lost like 30-50% of it's value so far, depending on how you look at it and what inflating goods or service you buy with it.
I was listening to some snippets by Peter Schiff. And it sounds like we're quite fuked. Haven't had time to listen to the whole episode.
★★★ A State of Trance Crew ★★★
♞♞♞ Misc Horse Head Crew ♞♞♞
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04-16-2024, 02:56 PM #5392
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04-16-2024, 03:03 PM #5393
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04-16-2024, 03:19 PM #5394
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04-17-2024, 10:12 AM #5395
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04-17-2024, 03:31 PM #5396
- Join Date: Mar 2017
- Location: Ohio, United States
- Age: 38
- Posts: 8,872
- Rep Power: 157754
i know RH is not that respected but ive sacked like $600 in to it in the last few months.
bought 4 shares of a company today & then put in a limit sell order for $.50 higher & a limit buy for $.50 lower.
im also looking in to whats really good to invest in rn if anyone know? i think REITs are supposed to good rn.Bills crew / Bud Light crew / extra onion crew / M&P crew / lcp2 crew / ap3 crew / Trump crew / mcdonalds app crew / cat-owner crew / Tin Cup crew / self-checkout crew / country music crew / RIP snails crew
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04-18-2024, 03:01 AM #5397
IMO today I would buy a bit of bitcoin and proxies like mstr, solana, tesla, pltr, sp500, and hold 50% cash in 5% returning account to be used on any further potential dips.
I’d keep an eye on Amazon, NVDA and amd, should any of those dip, buy buy buy!
And never sell unless something fundamentally changes with the company.
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04-18-2024, 02:36 PM #5398
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04-18-2024, 04:03 PM #5399
I bet you are an anxious emotional person lol.
If I wanted to buy PLTR, I would wait until ~$18, if it goes there, great but I'm not going to force a play.
The reality is, PLTR could go as low as ~$16-$15 before it makes a significant recovery and if you are buying at $21 then you have ~25% downside from what should be a fairly cheap price, I hope you have plans to buy at ~$18 and ~$16 if you are buying at $21. I think you are better off selling puts on it for now. Good luck <3.I: Self, Lord and Master.
"I rub my hands when my palms itch."
"I call you Son not because you Shine but because you Mine."
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04-18-2024, 04:03 PM #5400
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