Sanrith Descartes
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Investing General Discussion
- Thread starter Furious
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Guest, did you like the last podcast notification?? Well here's the second one, and for the third podcast! Yep. This Thursday 8-8-24 at 7pm Central
Go here to check out his podcast thread for info on topics and links!Go into the FoH discord and find the Happy Time Fun Hour channel and give it a listen!
Sanrith Descartes
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Just a walk down memory lane and a cautious warning for everyone who thinks SPACs can only make you money. If you don't recognize this symbol, you should do some reading.
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Kiroy
Marine Biologist
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I mean they must be larping it all anyways or they'd be completely bankrupt at this point?
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Yeah, why do they feel the need to add cunty remarks to their posts? Makes them look petty.
edit: that’s a parody account, but still they do the same thing
Sanrith Descartes
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Blazin
Creative Title
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Blazin You avoiding writing puts expiring next week on QQQ with Big tech reporting next week? Or Are you writing them expecting a big push up with earnings?
Ended up selling 20 SPY $365 2/1 puts at the close, so still just biding my time and collecting a little premium while I look for the signals of where we are headed after earnings rush.
Sanrith Descartes
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Sanrith Descartes
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Yes. Its Twitter. The real account name is after the fake name. I made the mistake of assuming people would actually read that.
TheBeagle
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I'm in the middle of learning a lesson with them right now. But I'm also steelhands on CCIV right now as well.
So I think the lesson is"don't have bad luck, only run good". Sound about right? lmao
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I bought more TRIT on the dip and look forward to the judges clearing their name for takeoff
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TheBeagle
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I'm out of cash right now, which is probably a good thing. Every time I chase the cost basis down I still end up with that cash locked up for months. I call that lesson "Don't buy stocks at Goodwill".
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Fogel
Mr. Poopybutthole
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So it's been a month since I started my SPAC mania, I bought in a lot on 12/17 to 12/24 and here are my results for spacs that I've bought and then sold
Total $ purchased: 24,603
Profit: 4,617
Average % gain: 18.75%
I still have a ton of spacs that are up by quite a bit that haven't sold yet because most aren't even at the rumor phase, most notably ZNTE warrants that are up almost 100%
I added up the cost basis and the current value of the spacs I'm still holding:
Cost basis: 46,256
Current Value: 52,523
Considering only a handful of these spacs are at the rumor phase I'm still up over 10% for under a month. Warrants are looking way more profitable but they don't have that 10$ safety net that commons have, so take that into consideration. All in all the spac experiment has been quite successful I'd say.
Total $ purchased: 24,603
Profit: 4,617
Average % gain: 18.75%
I still have a ton of spacs that are up by quite a bit that haven't sold yet because most aren't even at the rumor phase, most notably ZNTE warrants that are up almost 100%
I added up the cost basis and the current value of the spacs I'm still holding:
Cost basis: 46,256
Current Value: 52,523
Considering only a handful of these spacs are at the rumor phase I'm still up over 10% for under a month. Warrants are looking way more profitable but they don't have that 10$ safety net that commons have, so take that into consideration. All in all the spac experiment has been quite successful I'd say.
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