Investing General Discussion

Sanrith Descartes · Dec 25, 2020

Fogel said:
New rule allowing direct IPOs from companies

How a New SEC Ruling on Direct IPOs Affects Underwriters, Small Investors, SPAC Mergers

The U.S. SEC has approved new rules to make it possible for privately held companies to issue new stock in a direct listing IPO. This has big implications for investment banks and, perhaps, SPACs.

247wallst.com

I had seen that. Been trying to digest the real impact once it all gets thought through.

Fogel · Dec 26, 2020

Another analysis of LAZR. No real revenue growth till around 2023. Can probably expect similar for other Lidar companies like VLDR

Sanrith Descartes · Dec 26, 2020

Fogel said:
Another analysis of LAZR. No real revenue growth till around 2023. Can probably expect similar for other Lidar companies like VLDR

Like I said before, I think its an $18 to $20 stock. And thats counting that growth.

Sanrith Descartes · Dec 27, 2020

SPAC volatility? Oh please...

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

Fogel · Dec 28, 2020

so ARKG came up on my radar, they're an ETF that specializes in genome technology, research, etc. They're up about 200% YTD and genome technology is being hyped as the next FANG. I'll be throwing some money in today or selling some puts depending on the premiums.

Sanrith Descartes · Dec 28, 2020

Fogel said:
so ARKG came up on my radar, they're an ETF that specializes in genome technology, research, etc. They're up about 200% YTD and genome technology is being hyped as the next FANG. I'll be throwing some money in today or selling some puts depending on the premiums.

What is the net fee?

Fogel · Dec 28, 2020

Sanrith Descartes said:
What is the net fee?

0.75%

Sanrith Descartes · Dec 28, 2020

Fogel said:
0.75%

Yeah that's one of my issues with these speciality ETFs. I don't like the jacked up costs.

Fogel · Dec 28, 2020

Yeah it's a bit higher than some of the more established ETFS like SPY, but if they keep the same growth it's still worth the extra expense. Can always bail when the growth tapers off.

Fogel · Dec 28, 2020

BTWN, BFT, and GHIV all up almost 10% premarket. I think these all have too much hype too close to their mergers to think there'll be a dip before mergers in late january. Still holding all 3.

Sanrith Descartes · Dec 28, 2020

AAPL +1.5% pre-market. Thoughts and prayers

Blazin .

Jackie Treehorn · Dec 28, 2020

Bought APXT and GHIV last week, just sold for a little over $1000 in taking. Not bad for a week!

Now to see what SPAC to buy next.

Edit:

Just bought 200 shares of FUSE, 300 of CRHC, and 200 of AACQ. Was already holding 200 GIK.

Sanrith Descartes · Dec 28, 2020

Jackie Treehorn said:
Bought APXT and GHIV last week, just sold for a little over $1000 in taking. Not bad for a week!

Now to see what SPAC to buy next.

Edit:

Just bought 200 shares of FUSE, 300 of CRHC, and 200 of AACQ. Was already holding 200 GIK.

Sanrith Descartes · Dec 28, 2020

DIS racked up a new 52 high. I have now made more return on DIS this year than MSFT. Looks like a definite rotation or profit taking on the SaaS / Stay at home plays and into the more traditional stuff. Also most SPACS are getting some air let out of the tires. Most likely some profit taking going on.

Sanrith Descartes · Dec 28, 2020

Option chain is now available for GIK. Something to keep an eye on.

Fogel · Dec 28, 2020

Sanrith Descartes said:
Option chain is now available for GIK. Something to keep an eye on.

Gik looks like it's on a dip, I like it enough I'll buy in tomorrow. Most EV players are jumping but most of them are still in prototype phase where as gik is buying someone already producing.

TomServo · Dec 28, 2020

Fogel said:
You should have access to a lot of funds with low fee's with Fidelity, they're one of the best. If you're not sure, just list what funds they offer here and we'll help you out.

sorry took so long was waiting for account to get setup. here are the manual choices. i assume the top one is s&p 500.

Sanrith Descartes · Dec 28, 2020

grumblethorn said:
sorry took so long was waiting for account to get setup. here are the manual choices. i assume the top one is s&p 500.
View attachment 325786

If the 1st one on the list (FID 500 Index) has the symbol FXAIX then that is your long term simple answer. S&P 500 index mutual with no load and 0.02 net fee.

Fogel · Dec 28, 2020

grumblethorn said:
sorry took so long was waiting for account to get setup. here are the manual choices. i assume the top one is s&p 500.
View attachment 325786

Sanrith should be correct, just double check the symbol matches the one he listed.

TomServo · Dec 28, 2020

Sanrith Descartes said:
If the 1st one on the list (FID 500 Index) has the symbol FXAIX then that is your long term simple answer. S&P 500 index mutual with no load and 0.02 net fee.

Yeah it is fxaix.

Should I look at the fidcontrafund? Which is next one down. Seems to have better yearly return and lifetime. Lot of fang and tech heavy it seems.

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