Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
- 80,127
- 160,280
They'll be down to $3 by the time the inheritor takes possession anyway
- 1
Investing General Discussion
- Thread starter Furious
- Start date
-
Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
They'll be down to $3 by the time the inheritor takes possession anyway
Wingz
Being Poor Sucks.
- 13,043
- 40,311
300 shares at 10.46 just writing covered calls each month rather than take the loss.
- 1
Arden
Blackwing Lair Raider
- 2,728
- 2,055
So one of the newer SPACs I scouted was:
Omega Alpha SPAC- Opened 1/7/21. Biotech field. Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Raised $120m in IPO.
120m seems kind of low. Should I be avoiding SPACs under a certain amount? Or how much does that matter?
Omega Alpha SPAC- Opened 1/7/21. Biotech field. Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Raised $120m in IPO.
120m seems kind of low. Should I be avoiding SPACs under a certain amount? Or how much does that matter?
- 2,819
- 3,132
So I was t
I'm still holding TRIT, for whatever reason people like to pay good premium for the covered calls. Well I think the reason is the "only" thing holding this back is "just" some court cases. If they get resolved? /moon emojis
I'm still holding TRIT, for whatever reason people like to pay good premium for the covered calls. Well I think the reason is the "only" thing holding this back is "just" some court cases. If they get resolved? /moon emojis
- 1
Rajaah
Honorable Member
- 12,506
- 16,527
There's no way flying taxis will be a thing with human drivers. Automated self-driving cars are becoming a thing sooner than flying cars are. From there it'll be a quick step to combine the two. The potential for terrorism is WAY too high with people driving flying cars (look at the very picture you posted, and look at all of the targets in the background of the flying car). I'm actually convinced that the main reason we've never had flying vehicles before now is because there's just too much potential for terrorism.
Also the only way flying cars will be able to stay on invisible flying highways (aka maintain an orderly flight path without colliding with anyone else) is if they're all on an AI grid that keeps track of locations.
This WILL be a massive moneymaker, but probably not for a bit. These two techs need to combine first. Once we start having self-driving taxis on the roads as a regular thing, then the evolution into self-driving flying cars will rapidly accelerate.
Hateyou
Not Great, Not Terrible
- 16,627
- 43,258
Sweet. I got $3100 @ $22. Me and
Sanrith Descartes
have been riding this one forever. I thought a couple others did as well but don’t remember who.- 1
TheBeagle
JunkiesNetwork Donor
- 8,738
- 30,366
Picture in your head the typical morning rush hour in any metropolitan city. Now picture all of those cars and all of those retards up in the air at the same time unconstrained by well defined roads/lanes/stop lights. It would be a disaster. There would be dozens of fatal collisions every day. With the added bonus of the wreckage raining down on little Timmy playing in his back yard. Flying cars/drones are logistically impossible when scaled up.
- 1
Big Phoenix
Pronouns: zie/zhem/zer
- 46,364
- 98,424
Id say people do stupid shit with cars now because theres basically zero consequences for being a retard in a car. Even driving recklessly and killing someone will often result in very little prison time.
Hateyou
Not Great, Not Terrible
- 16,627
- 43,258
Borzak
Bronze Baron of the Realm
- 25,443
- 33,203
First person most likely, someone dicking with their phone.
Best part would be the incredible draw for someone to hack them. Plus shitty H1B visa coders from parts of the world that don't even have cars. Reminds me right after the wall fell friend went to Moscow with Navy brass/diplomats. Was saying the Aeroflot planes had a glass window on top to get a celestial bearing at times lol into the 90's.
Sanrith Descartes
You have insufficient privileges to reply here.
- 44,452
- 120,407
Currently the downside is only realized if you hold past the merger and the money leaves escrow or you buy in too high from the Navy. The other downside is opportunity cost of your money sitting and it ends up doing nothing for a period of time.
Jysin
Ahn'Qiraj Raider
- 6,456
- 4,345
While true, new investors need to realize that typical S&P Index returns are about 10% year over year (over long periods of time). So, while your SPAC money may sit idle doing not much of anything for months, the absolute lowest expectations of yielding about 30% return if you're close to nav price is not at all unreasonable. Even if they took 2 whole years to hit a rumor, you're still well ahead of index investing.
I will also say again, like many others.. be selective. There's been a flood of spacs and you need to get behind ones with reputable managers / track records.
Added PSAH on Friday the 29th Jan and it is already at 15% return.
Added XPOA last week and it is already 10% return.
Added CCV/U last week and it is already 9% return.
Been holding GSAH for a few weeks now and sitting at 7.8% return.
Again, I stress to get the price as low as possible for the least risk. Recent high fliers like IPOF are riding other Chamath euphoria, has no rumor, let alone a target acquisition, so have high risk of the price retreating in the coming weeks. It is quite extended from nav price here at $15.75 (as of this post).
Every sizeable market pullback (like last Friday), I am looking to add rock bottom price spacs. When there is blood in the streets of Wall Street, go spac shopping.. and look for other valuable stocks. The regular investor is usually busy selling everything they own on the bloody days, savvy investors are you shopping while the market is awash in liquidity.
- 1
Blazin
Creative Title
- 6,936
- 36,085
