Investing General Discussion

  • 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!
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,906
7,478
Holding targetless SPACs at $25 or buying them at $25 is insanity to me.

Just be aware you’ve got a massive downside there based on most SPACs and not really a large way up.
 
  • 3Like
  • 1Solidarity
Reactions: 3 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,495
120,667
For anyone coveting Boomer stocks. UNH is at $324. I think its an entry at $318. If not today, then maybe Monday or Tues. It has been drifting down through support.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,495
120,667
At this point, I almost want to see someone snake the Lucid deal from CCIV just to watch the epic crash.
 
  • 1Garbage
Reactions: 1 user
Fogel

Fogel

Mr. Poopybutthole
13,130
51,947
Jackie Treehorn said:
Holding targetless SPACs at $25 or buying them at $25 is insanity to me.

Just be aware you’ve got a massive downside there based on most SPACs and not really a large way up.
Click to expand...

Correct, have to remember, CCIV has no value above 10 without a letter of intent from Lucid. So that 30+ it's at now is tied directly to Lucid being true or not. If lucid isn't true, CCIV goes right back down to 10.
 
  • 3Like
Reactions: 2 users
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,906
7,478
Fogel said:
Correct, have to remember, CCIV has no value above 10 without a letter of intent from Lucid. So that 30+ it's at now is tied directly to Lucid being true or not. If lucid isn't true, CCIV goes right back down to 10.
Click to expand...

Yep. Which based off the hype it’s getting means it stands to be the biggest bagholder SPAC ever if Lucid doesn’t pan out for it.
 
  • 2Like
Reactions: 1 users
Dr.Retarded

Dr.Retarded

<Silver Donator>
12,039
27,462
Fogel said:
Correct, have to remember, CCIV has no value above 10 without a letter of intent from Lucid. So that 30+ it's at now is tied directly to Lucid being true or not. If lucid isn't true, CCIV goes right back down to 10.
Click to expand...
I guess if the deal is confirmed what could the stock potentially run up to? Or is it just impossible to guess?
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Aristocrat╭ರ_•́>
44,495
120,667
For everyone eyeing CCIV, let me warn you the options market is smart. The fact that low strike put contracts arent plummeting on this move is a telling sign. There isnt a lot of faith in this move upwards.
 
Big Phoenix

Big Phoenix

Pronouns: zie/zhem/zer
<Gold Donor>
46,372
98,475
Surely CCIV isnt also ran by a con man too? It cant possibly happen twice right?
 
  • 1Worf
Reactions: 1 user
Fogel

Fogel

Mr. Poopybutthole
13,130
51,947
Dr.Retarded said:
I guess if the deal is confirmed what could the stock potentially run up to? Or is it just impossible to guess?
Click to expand...

Impossible to guess. Look at QS, it ran up to 115 before crashing down to 45. And for what reason? It's a battery maker still in it's growth phase
 
  • 1Like
Reactions: 1 user
Khane

Khane

Got something right about marriage
20,336
14,000
All SPACs are dubious at best. They are backdoor channels used to get questionable companies an IPO for a quick buck. The blind optimism surrounding them here is... kind of weird actually.

For every 1 Lucid there are 10 NKLAs
 
  • 1Like
  • 1Salty
Reactions: 1 users
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,906
7,478
Khane said:
All SPACs are dubious at best. They are backdoor channels used to get questionable companies an IPO for a quick buck. The blind optimism surrounding them here is... kind of weird actually.

For every 1 Lucid there are 10 NKLAs
Click to expand...

I think I can speak for everyone when I say I don’t give a shit about the underlying companies whatsoever.

The appeal of them is the built in safety net and repeatability of 10-30 percent profits with almost no downsides when you buy near $10.
 
  • 3Like
  • 1Solidarity
Reactions: 3 users
Khane

Khane

Got something right about marriage
20,336
14,000
Jackie Treehorn said:
I think I can speak for everyone when I say I don’t give a shit about the underlying companies whatsoever.

The appeal of them is the built in safety net and repeatability of 10-30 percent profits with almost no downsides when you buy near $10.
Click to expand...

This is fine... for now. But its important to note that when you're looking to invest in SPACs you're looking to essentially pull money out of thin air because our financial markets are swiss cheese and easy to manipulate, and not that SPACs are a legitimately good investment vehicle.

This is something that should be said, and probably repeated, every once in a while in this thread so newer people know exactly what they are getting themselves into and what the end game is.

That being said I've made a lot of money in SPACs over the past year. Knowing full well they are essentially the kind of "investment product" that has made our markets so volatile over the past 25 years.
 
  • 2Like
Reactions: 1 users
TheBeagle

TheBeagle

JunkiesNetwork Donor
8,741
30,371
Dr.Retarded said:
Is CCIV going to run up further?

Edit: I guess maybe a better question would be how high do you think it might go? I got in for 100 around 27, I'm just wondering if I should go ahead and take my little profit and be happy.
Click to expand...
If they merge with Lucid then you just got into the next Tesla fan boy stock at $27. If they don't merge with Lucid then you have shares in something that's going to fall back to the teens.
 
TheBeagle

TheBeagle

JunkiesNetwork Donor
8,741
30,371
Khane said:
All SPACs are dubious at best. They are backdoor channels used to get questionable companies an IPO for a quick buck. The blind optimism surrounding them here is... kind of weird actually.

For every 1 Lucid there are 10 NKLAs
Click to expand...
You aren't paying attention to how people are playing them here if you are using NKLA as an example of something negative. Just about everyone made good money and got out.
 
  • 1Like
Reactions: 1 user
Khane

Khane

Got something right about marriage
20,336
14,000
TheBeagle said:
You aren't paying attention to how people are playing them here if you are using NKLA as an example of something negative. Just about everyone made good money and got out.
Click to expand...

NKLA is an example of something negative. A vaporware company being brought to market and sold as the next innovator of EV, simply to pump its stock price for a quick dump.

This is a problem. It's absolutely a negative. And its basically the sole purpose of SPACs because otherwise these companies would find normal investing and IPO opportunities. Just because some people made money on it doesn't mean SPACs are good investment vehicles.

I made a ton of money on AMC betting on a trend. That doesn't make looking for short squeezes a good investment idea.
 
You must log in or register to reply here.