Stocks - The Best Buys 2

[IGGYRULES]

Originally Posted by Iggy_12

What do you see as CCIV's potential short term and long?

IF LUCID is confirmed I don't think $60 is out of the question shortly thereafter. Long term outlook should compare to TSLA growth. No question in my mind LUCID is the next best thing to Tesla out of all EV plays.

IF the deal falls apart commons will drop to $11 or so and Warrants to $2 range. They have great operating partners Mullaly, Ive, Liveris and the have a boatload of cash so they will come up with a great target no matter what.

Make no mistake, there is sizable risk here in the short term but the reward outsizes this IMO. Full disclaimer I'm in at about $13 average on the commons so I will ride it out until news one way or another.

AMCI on the other hand is much less risky but not as exciting. Need a bit of patience here. I did expect a pop to happen already but will hold until my target is met.

[chemgear]

https://www.vice.com/en/article/g5b3...fter-the-crash

What it's like to be a millionaire in the morning, and to lose hundreds of thousands of dollars in a matter of hours.

A week ago, Jeff was on top of the world. GameStop's stock was skyrocketing, and he'd managed to turn a series of small investments into more than $200,000. The 21-year-old college student, who asked to stay anonymous because of how much public scrutiny the GameStop story is getting, was imagining not just escaping school without debt, but being able to buck the capitalist system entirely and enjoy life without having to take a typical job.

"I don't want to work a 9-5 for the rest of my life," Jeff told me last week. "I want to be free to be able to do whatever I want!!"

But over the course of several days, as the GameStop stock inevitably imploded, Jeff went from having more than $200,000 to just $50,000.

Last Thursday, Anthony watched $500,000 evaporate over the course of an hour. The next step, according to Anthony, was to finally get out in the next day or two, as things got weird.

On Monday, Anthony was down another $307,000.

"My hands are diamond," said Anthony, echoing a popular meme about continuing to hold onto a risky stock position, even when there's good reason to bail out and take your profits.

"I bought GameStop at $285 [per share] and AMC at $15 something and am currently $1,400 in the hole," said one person, who asked to remain anonymous because of how huge this story has become. "I'm now holding because I've concluded money is fake and I just don't care anymore."

At times, it can sound conspiracy-adjacent.

"This manageable loss is probably a good lesson learned to stick to my original suspicions of these services [like Robinhood]," said Greg. "I'm okay overall though. I learnt about how I deal with stress and I'm glad I mostly stuck to my plan and didn't double down."

Greg will now pivot to his original plan: appeal for disability support.

[bluejays]

Your quotes are enough of a read to say “yikes” without the need to read further. What’s wrong with these kids?

[chemgear]

https://www.reddit.com/r/wallstreetb...5k_to_5mil_to/

"GME YOLO/FOMO my second mortgage. 35k to 5mil to 300k. I WILL NOT SELL!"

Spoiler!

[edslunch]

Originally Posted by Slava

Well I can't give you advice here, of course, but I'd cut my losses personally. Different people have different thoughts I guess, but I don't have it in me to watch a position melt down and not sell.

Who knows. I obviously didn't expect that the run would've taken in the first place, so I guess they could return to last weeks glory.

I got smart last week and invested some play money into a bunch of heavily shorted stocks (excluding GME). Bought at the mini-peak, they almost all tanked immediately, I asked myself WTF I was doing and sold most of them. I’m not cut out for gambling especially when I don’t know ship about the stocks.

[Hockeyguy15]

Originally Posted by chemgear

https://www.reddit.com/r/wallstreetb...5k_to_5mil_to/

"GME YOLO/FOMO my second mortgage. 35k to 5mil to 300k. I WILL NOT SELL!"

Spoiler!

I would have sold long before it made it to 5 million.

[GGG]

Originally Posted by Hockeyguy15

I would have sold long before it made it to 5 million.

Yeah me too, when you have enough to lock in life changing gains you lock it in. The idea that selling at 350 when it could go to 1000 so hold forever was based on sticking it to the man. The downside risk was $10. So 3x vs 1/30th. That’s just bad risk management even if you know nothing.

[Table 5]

At the very least, these people need to learn about scaling in and out. You can lock in gains, and stick it to the man with 25%

[bluejays]

The Score has been going crazy recently. I was waiting for that pullback to 2.80 which never came and now it’s a buck more. Fml.

[Leondros]

I love the chaos ticker changes bring like AMCI today. No volume, panic selling. I got some common shares for $14.50 - $14.99 today. Crazy!

[Iggy_12]

Originally Posted by Leondros

I love the chaos ticker changes bring like AMCI today. No volume, panic selling. I got some common shares for $14.50 - $14.99 today. Crazy!

Before i buy the wrong shares, its now ADN? No longer AMCI? I cant find the price through Google, but see it on my trading site haha

[Leondros]

Originally Posted by Iggy_12

Before i buy the wrong shares, its now ADN? No longer AMCI? I cant find the price through Google, but see it on my trading site haha

Its now ADN - make sure you buy the US side as CAD has the same ticker for a lumber company.

[Iggy_12]

Originally Posted by IGGYRULES

IF LUCID is confirmed I don't think $60 is out of the question shortly thereafter. Long term outlook should compare to TSLA growth. No question in my mind LUCID is the next best thing to Tesla out of all EV plays.

IF the deal falls apart commons will drop to $11 or so and Warrants to $2 range. They have great operating partners Mullaly, Ive, Liveris and the have a boatload of cash so they will come up with a great target no matter what.

Make no mistake, there is sizable risk here in the short term but the reward outsizes this IMO. Full disclaimer I'm in at about $13 average on the commons so I will ride it out until news one way or another.

AMCI on the other hand is much less risky but not as exciting. Need a bit of patience here. I did expect a pop to happen already but will hold until my target is met.

Just wanna say thanks again, up almost 25% from yesterday, never heard of this before your post!

[IGGYRULES]

Originally Posted by Iggy_12

Just wanna say thanks again, up almost 25% from yesterday, never heard of this before your post!

up on CCIV down on new ticker ADN. Weird how sometimes SPACS dump upon ticker change. Next week should be better .

[Iggy_12]

Originally Posted by IGGYRULES

up on CCIV down on new ticker ADN. Weird how sometimes SPACS dump upon ticker change. Next week should be better .

Bought some more got my price down haha!

[Krovikan]

Originally Posted by IGGYRULES

up on CCIV down on new ticker ADN. Weird how sometimes SPACS dump upon ticker change. Next week should be better .

ADN is perplexing me today, why aren't they out doing some PR, drumming up some market hype so they can execute the warrants ASAP? Though even if it did pop today, I wouldn't notice (except for this thread), it's a red day in the profit/loss column for me, so I just decided to close my Questrade page and come back Monday lol .

[IGGYRULES]

Originally Posted by Krovikan

ADN is perplexing me today, why aren't they out doing some PR, drumming up some market hype so they can execute the warrants ASAP? Though even if it did pop today, I wouldn't notice (except for this thread), it's a red day in the profit/loss column for me, so I just decided to close my Questrade page and come back Monday lol .

Barely green here. ADN is my anchor right now. Hopefully some PR next week. I know I'd drop PR at the beginning of a week rather than a Friday.

[Cappy]

Originally Posted by IGGYRULES

up on CCIV down on new ticker ADN. Weird how sometimes SPACS dump upon ticker change. Next week should be better .

I would argue that outside of the big SPAC plays, the returns aren't that great.

For example, Renaissance Capital had a report (can't find) that put the average return of SPACs from Jan-July 2020 at 13% - great!

But excluding DraftKings and Nikola, the return is -10.5%.

I have quite a few small interests in a variety of SPACs. This year, three have done deals (ADN, UWMC, and GOEV) and all are down a bit from pre-deal highs.

[IGGYRULES]

Originally Posted by Cappy

I would argue that outside of the big SPAC plays, the returns aren't that great.



For example, Renaissance Capital had a report (can't find) that put the average return of SPACs from Jan-July 2020 at 13% - great!



But excluding DraftKings and Nikola, the return is -10.5%.



I have quite a few small interests in a variety of SPACs. This year, three have done deals (ADN, UWMC, and GOEV) and all are down a bit from pre-deal highs.

I was in MPLN. What a disaster but I thought it was a smart play, less risky. Yeah right...

Need to follow the hype. Current sentiment is EV's, Hydrogen, Solar, other clean energy, and fintech. I looked at UWMC and felt it was likely a good play but it's not something that gets people excited. Even the garbage (IMO) like Fisker is up 50% from NAV.

SPACS are really good if retail is excited about it. If not then I agree returns not that great. I think you need to stay within a tight channel in the SPAC space.

[Krovikan]

Originally Posted by IGGYRULES

I was in MPLN. What a disaster but I thought it was a smart play, less risky. Yeah right...

Need to follow the hype. Current sentiment is EV's, Hydrogen, Solar, other clean energy, and fintech. I looked at UWMC and felt it was likely a good play but it's not something that gets people excited. Even the garbage (IMO) like Fisker is up 50% from NAV.

SPACS are really good if retail is excited about it. If not then I agree returns not that great. I think you need to stay within a tight channel in the SPAC space.

Also, to lump all SPACs together would be like lumping all IPOs together, or even all ETFs together. How a company goes public has little to do with what returns you should expect, SPACs are even worse as you are lumping SPACs that fail to merge, which will drag down the %.

I think the big thing here is market hype, and while I was hoping this was going up right away I was doubtful; though I didn't expect the pullback. I was getting nervous with all these meme stocks lately and WSBs, even on this forum AMCI and other serious investment types just disappeared. There is also a big portion of the retail investors that just lost their life savings on meme stocks.

I also see some issues with the roll out, StockTwits is reporting that not all US brokers have the stock up. E*trade and Fidelity just got it up in the last 5 minutes.

I think we need to wait for two things, ADN to start advertising themselves, and some new green energy talk by Biden.