Wall Street Bets: The EBR Edition

"Free Parking" for money is about all that's available . I hate TINA. There Is No Alternative.
 
Art Deco said:
"Free Parking" for money is about all that's available . I hate TINA. There Is No Alternative.
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Yeah until tomorrow morning when the GME Rocketship lifts off and punishes the HF Shorts. I like the stock. This is not financial advice...
 
ChezCheese:) said:
Why do you like the stock?
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I'm sorry I don't, that's just the verbage that is used by the Wall Street Bets crowd along with many other interesting catch phrases. I have never seen anything like this in my lifetime. Social media v Hedge Funds in real time. Looks like it could get real ugly soon. It is just another forum to hang out in while I wait for my hip to heal so I can golf again!
 
Taylor57 said:
I'm sorry I don't, that's just the verbage that is used by the Wall Street Bets crowd along with many other interesting catch phrases. I have never seen anything like this in my lifetime. Social media v Hedge Funds in real time. Looks like it could get real ugly soon. It is just another forum to hang out in while I wait for my hip to heal so I can golf again!
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How's the hip coming along, btw?
 
Art Deco said:
How's the hip coming along, btw?
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Thanks for asking. Still sore but better than it was when I injured it last Tuesday. Club Championship is next Saturday but at this point I'm thinkin I am going to miss it. I cant imagine shifting weight to my left hip and twisting. The good news is I went for a bike ride yesterday with no pain pedaling...
 
Taylor57 said:
Thanks for asking. Still sore but better than it was when I injured it last Tuesday. Club Championship is next Saturday but at this point I'm thinkin I am going to miss it. I cant imagine shifting weight to my left hip and twisting. The good news is I went for a bike ride yesterday with no pain pedaling...
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Thanks for replying. And congrats on pedaling. Injuries tell us we aren't 21 anymore.
 
Taylor57 said:
Yeah until tomorrow morning when the GME Rocketship lifts off and punishes the HF Shorts. I like the stock. This is not financial advice...
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I'm going to ask a perhaps silly question about the term "HF Shorts". What the **** are you talking about?

High-frequency traders and shorting a stock are two completely independent things, and I do not understand how they even be related. Are we talking about people HF trading short contracts? Which would be weird because the prices on short contracts don't change that quickly in general, and with few exceptions the markets for them aren't deep enough for truly HF trading to actually make sense.
 
Mr. Coffee said:
I'm going to ask a perhaps silly question about the term "HF Shorts". What the **** are you talking about?

High-frequency traders and shorting a stock are two completely independent things, and I do not understand how they even be related. Are we talking about people HF trading short contracts? Which would be weird because the prices on short contracts don't change that quickly in general, and with few exceptions the markets for them aren't deep enough for truly HF trading to actually make sense.
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Hedge Fund
 
Taylor57 said:
Hedge Fund
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Okay, but that makes even less sense.

The idea of a hedge fund is that they make a series of interlocking trades where they can make money no matter what the overall market does. Usually a good hedge fund strategy also involves some inefficiency in how the market is pricing some asset as well. So if hedge funds were shorting GME I'd dearly love to know what the other trades they were doing and how they figured to make money -- and I don't think it is possible to really understand what is going on without knowing that.

There are other institutional investors who short stock as well.
 
Mr. Coffee said:
Okay, but that makes even less sense.

The idea of a hedge fund is that they make a series of interlocking trades where they can make money no matter what the overall market does. Usually a good hedge fund strategy also involves some inefficiency in how the market is pricing some asset as well. So if hedge funds were shorting GME I'd dearly love to know what the other trades they were doing and how they figured to make money -- and I don't think it is possible to really understand what is going on without knowing that.

There are other institutional investors who short stock as well.
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Not gunna get in a pissin match regarding GME and Hedge Funds, I'm only observing what's going on at Reddit/WSB purely as entertainment. Tomorrow's GME opening should be interesting...
 
Right -- as fast as it comes, it crashes. Best to find stocks with a long, strong, steady rise over time. I particularly look for stocks which had little or no fall at the March 20 crash, or which have recovered really, really well.
 
GME is currently trading at about 108, down roughly 75 percent since Thursday.

So how is this working out for most of those redditors?
 
I don't invest in the stock market (don't have the stomach for the uncertainty) but I do enjoy watching it. Right now CCIV and the possible merger with Lucid Motors has been entertaining to follow.
 
Barron's has a good article explaining SPACS:

Stocks of Companies That Emerge From SPACs Don’t Do Well. It’s a Reminder to Not Buy the Hype: https://www.barrons.com/articles/st...t-buy-the-hype-51612551672?st=vibmtipr5wgwre5

Kind of a pig in a poke.

(Ever wonder where that expression came from? A poke is an archaic word for a sack or bag. So "a pig in a poke" (or sack) refers to taking a blind chance, 'cause you can't see the goods.)
 
ChezCheese:) said:
Barron's has a good article explaining SPACS:

Stocks of Companies That Emerge From SPACs Don’t Do Well. It’s a Reminder to Not Buy the Hype: https://www.barrons.com/articles/st...t-buy-the-hype-51612551672?st=vibmtipr5wgwre5

Kind of a pig in a poke.

(Ever wonder where that expression came from? A poke is an archaic word for a sack or bag. So "a pig in a poke" (or sack) refers to taking a blind chance, 'cause you can't see the goods.)
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I'll be sure to check that out. In the meantime I do hope a potential merger does work out specifically because I have high hopes for Lucid becoming a well established EV manufacturer.
 
ChezCheese:) said:
Barron's has a good article explaining SPACS:

Stocks of Companies That Emerge From SPACs Don’t Do Well. It’s a Reminder to Not Buy the Hype: https://www.barrons.com/articles/st...t-buy-the-hype-51612551672?st=vibmtipr5wgwre5

Kind of a pig in a poke.

(Ever wonder where that expression came from? A poke is an archaic word for a sack or bag. So "a pig in a poke" (or sack) refers to taking a blind chance, 'cause you can't see the goods.)
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I can answer a lot of questions about SPACs, if anybody is interested.

In short, find a SPAC trading near Net Asset Value (generally 10 US dollars per share), and your downside risk is extremely low.

Once a target is announced, if the market is favorable, there is generally a pop in the price.

If you buy prior to the target announcement (this can be a rumour or a LOI - letter of intent), you stand to make the most profit, at the expense of the opportunity cost of having your money tied up while you wait for the target announcement.

Buying after the target announcement is much riskier, and you must be confident in the target company. Most SPACs do not do well after the merge. Buying a SPAC ETF, like SPCX, mitigates some of the risk.

My strategy is to buy SPACs with a trust size > 500 million USD, trading as close to Net Asset Value as possible, and with management that should be well connected in the business world.

Today, CPUH became available for trading. I bought a lot of this as it is right near NAV.

BTWN, BTNB, GSAH, PSTH, SVFA, and TBA are my other holdings.

Frankly I have made a lot of money in SPACs, and I encourage all you guys to learn about them. Happy to answer any questions.
 
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