Reply With QuoteWow, been in a meeting and missed the TIGR dip to $23
What a volatile little thing....
Plenty of chatter from the kids of Stockwits about KPTI and RCKT too...... Maybe the bulk of the bois have lost their bottle (and money) for it now.Originally Posted by Raffe
Wow, been in a meeting and missed the TIGR dip to $23
What a volatile little thing....
I sat here watching it, but yet again HL f***ed up and wouldn't let me place an order. So annoyed with HL. Their crappy platform has cost thousands in the last week or two. I know it's not built for trading, but even so it ought to be able to handle high volumes.
Bought KPTI in pre-market at $16.11 - sold at $16.18 just now. Break even. It'll take off now.....
Still in THCA waiting for liftoff. Come on Raffe, 10% to the fundraiser, let's go.
Selling NGHT in full. Adding the funds to top up into my long term LSE:sfor position that I’ve been adding to monthly over the last year
I expect it will go higher but bars are closed and it’s been a good ride since the ipo.
For those who visit london it’s london cocktail club.
Sent from my iPhone using Tapatalk
Last edited by optix; 5th February 2021 at 17:17.
Not directly related but came across this article;
https://www.bbc.co.uk/news/business-55804205
It sounds but People who follow “Instagram forex traders”
Really do bring that on themselves
Sent from my iPhone using Tapatalk
You need to have patience, SPACs is a waiting game. Maybe Monday, maybe in the weeks, but it almost always happens one way or another.
Someone who lies about the little things will lie about the big things too.
Still in, waiting. Might see a late rally but won't be the trade I was hoping.
Well....
Someone who lies about the little things will lie about the big things too.
Having SMT is basically free money
Can anyone explain why a company splits its shares, i.e I’ve just been informed one of my holdings is splitting and I’ll be getting an extra share for every share held...
The Rolex of the investment trust world .
Sent from my iPhone using Tapatalk
I believe it is to make a single share more affordable for your average investor and therefore increase the chance of them buying shares.
But no doubt there are other more cunning reasons.
Ah ok, well hopefully nothing too sinister, i guess it has gone from $20 ish to $134 over the last 10 months or so...
Sent from my iPad using Tapatalk
Have there been any SPACs which have failed spectacularly? Where the target turns out to be not as good as the investors had hoped and they all abandon ship?
You'd get the money back though wouldn't you?
Nearly spat my beer
I was serious! I thought you could pull out at various points and recoup.
I too am on the SMT gravy train but that sounds like dangerous thinking to me. Nothing lasts forever.
Sorry but financial markets don't provide the chance to back out if it didn't work as planned.
A deal is a deal.
Someone who lies about the little things will lie about the big things too.
That reads like a tweet from Elon Musk at 2h in the morning.
Someone who lies about the little things will lie about the big things too.
I read that if the merger doesn't suit, for instance, you could cash out.
No?
I don't have any SPAC investment as I don't really understand them though.
Anyone got any thoughts on Rolls Royce? Is it worth a punt with the view that once the vaccination rollout is complete they will start to pick up again or is there a further drop to come before it gets better?
It was also my understanding that if a SPAC doesn't find a merger, the investors all get their money back. Presumably not all of it, but I understand that it can't go to zero. (If a merger is never found)
^^^^ so whats to stop you punting your life savings on any or all SPACs if your money is safe and only upside?
Nothing
TO THE MOON
Wow.
I was looking up SFOR that Optix mentioned earlier, when I found SFOR listed on a US exchange.
I have never seen such a wild stock in my life.
Open the chart, change the Y axis to percent and hit the 5 year view. (The link ought to do this) Now marvel and the swings. That's 6000% swings up and down again and again!!
Surely those in the know (or those manipulating it) are making mega bucks off it?
https://uk.finance.yahoo.com/quote/S...hhcnQifX19fQ--
It's a good question.
It's more like venture capitalism than stock picking.
The money from a SPAC's IPO goes into a fiduciary account and will only be released if and when a merger happens. If the SPAC never finds a merger target within a 18 month period, it can be dissolved with the money being paid out again, however less fees. Also, do note that the ordinaries are not worth $10, but it's the -U shares (one ordinary and anywhere between one third and one warrant) were originally sold for $10.
But if the SPAC announces a merger, you are in on the deal and there is no possibility to get out other than selling.
If anyone is looking for a better broker: Interactive Brokers has today launched free trading in US securities via IBKR Lite.
https://www.interactivebrokers.com/en/index.php?f=45196 No affiliation.
Or, if you like to sign up for their regular professional platform, ask me for a recommendation link which pays out a $200 referral premium to me, which I will stick into the fundraiser.
The sfor I mentioned is a UK stock. I've seen the American one but looked into the company.
The LSE:SFOR has and will be a bet on Sir Martin.
If anyone added CCIV against me trimming & selling, they'd be up 14% today.
Sent from my iPhone using Tapatalk
Last edited by optix; 5th February 2021 at 22:22.
That's no market manipulation, but the normal life of a pump-n-dump penny stock.
They keep pumping out new shares, burning through the cash, the doing reverse stock splits and start over again by issuing more shares to dilute shareholders. The company you quoted had 14 billion shares outstanding until two months ago, then reduced them to 4 bln shares by a reverse split - but you can only see the price jumping up because nobody bothered to correct the pre-split data series. This is the same as if Tesla would just show their stock split as a huge fall in the share price - but it doesn't because all prices going back to their IPO have been corrected for the effect of the split.
At least half the OTC:BB (formerly pink sheet) stocks are playing this game, its defrauding investors systematically. There is one golden rule which is the best advice for 99.99% case of OTC penny stocks: stay away.
Ahh yes. That makes sense. Hadn't thought of a reverse stock split.
It's good to have the teacher back.
Huge amounts of option activity in Tezzler yesterday evening, $700 FEB19 puts were all the rage.
Somebody in the know positioning themselves for a big drop in the share price?
#scottishmortgagetrust
We should just give raffe our money for him to do his magic! For a % of course and a fundraiser donation
Sent from my iPhone using Tapatalk
Having the same thoughts to an extent...what say Raffe...
Don't ever think that I or anybody else walk on water. This is concentrated, high-volatility trading which sometimes delivers outsized returns, but also requires tolerance for large draw-downs.
Not for the faint of heart.
Someone who lies about the little things will lie about the big things too.
That’s why I don’t get involved, this type of ‘investing’ is a form of gambling and that’s something that doesn’t appeal to me.
I’m more interested in stable investments that return modest but relatively secure returns.
So like Casino money then, you go in only with what you're prepared to lose and accept that could be all of it but you've enjoyed a good night out...what sort've of table stakes could we be talking hypothetically...I mean could I chuck a grand or two your way as an example, let it ride and see how it plays out or is that too small to be worth anyones while/time...
Thank you.
Someone who lies about the little things will lie about the big things too.
Just Say No
Sorry, but can't do that.
There is a number of reasons, it would require both a contractual framework (protecting both sides) and a reporting/measuring system which is simply not worth the effort.
Someone who lies about the little things will lie about the big things too.
When the fun stops, stop.
Sent from my SM-G950F using Tapatalk
The temptation to play with some of the SIPP is strong, over confidence in my own abilities to learn and make money on one side and being utterly clueless on the other.
It's not like tracker funds aren't doing well, they are, certainly growing nicely, not like we SIPP tracker boys are destitute
Sent from my Pixel 5 using Tapatalk
#justsoldallmysmt
One of the advantages of a completely inadequate SIPP, is that you can play about with it a bit :-)
Really? Tesla is at most 12% of SMT, yes there may be a wobble if Tesla heads downwards but its hardly panic stations. In the past day or so we have had comments on SMT varying from 'it is a licence to print money' to 'if you hold you well die penniless'* I suspect the truth is somewhere in between.
* I admit I have exaggerated this for comic or at least dramatic effect ;-)
Last edited by Padders; 6th February 2021 at 18:13.
I think if and when Tesla drops, it will spell the start of a large scale sell off. It won’t just be Tesla.
SMT up 10% in the last 3 days.....that’s got to feel very frothy to anyone, right?
ETA - But.....if Biden announces another massive round of stimulus....its back on the SMTrain!
Posting Permissions