Investing General Discussion

CFAC taking AEye public. Posted the release in the SPAC thread.

PLTR got an upgrade

Analyst Actions: RBC Capital Adjusts Palantir Technologies' Price Target to $27 From $15, Maintains Sector Perform Rating
MT NEWSWIRES 7:46 AM ET 2/17/2021
07:46 AM EST, 02/17/2021 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: Contact Us - MT Newswires)

Price: 28.28, Change: +0.44, Percent Change: +1.58

Sanrith Descartes said:

It really is about buying the hot chicks. If /wsb thinks the chick is fat or ugly they aint buying it unless its an EV play. I learned this with fintech SPACs. /wsb generally doesnt give a shit about them unless its Stripe. (see: PSTH)

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I have accumulated a bunch of shit that looks good on paper but could be months before it moves and in case of some like WPF it already moved and I missed it. I'm trying to trim off some of these SPACs. Not all are SPACs obviously.

Jysin said:

I should also say, I trade the ranges on these. I had 1k shares of GSAH around $12 and it spiked out of nowhere to $13.80 back in January. As it was on zero news and purely a breakout, I sold most of it. Re-entered on market pull backs and sitting on 2k shares with an average of 11.58 currently (+5.76% unrealized).

Capitalize on the odd price spikes with no news / rumors and you can add more profits while you wait.

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Yeah Ive been trying to do that more often. Did this with ZNTE a few times

Futures all red. Might finally be seeing some air out of the balloon.

Araysar said:

I have accumulated a bunch of shit that looks good on paper but could be months before it moves and in case of some like WPF it already moved and I missed it. I'm trying to trim off some of these SPACs. Not all are SPACs obviously.

View attachment 335660

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I hear you. Sometimes you sit for months with dick movement and it pays off bigly. Sometimes you sit for months and its crap. Just be patient on the ones with no deal or rumor. I hold a couple on your list. and I am watching a couple other of them to dip under $11 for me to start a position.

AAPL

Epic is going after AAPL in the EU Court. I expect this will create some headwinds since AAPL is the king of market cap.

Epic Games steps up Apple fight with EU antitrust complaint
REUTERS 8:42 AM ET 2/17/2021
Symbol Last Price Change
AAPL 133.19up 0 (0%)
MSFT 243.14down 0 (0%)
SPOT 353.73up 0 (0%)
MTCH 164.86up 0 (0%)
QUOTES AS OF 04:00:00 PM ET 02/16/2021
By Foo Yun Chee

BRUSSELS, Feb 17 (Reuters) - Fortnite creator Epic Games has taken its fight against Apple(AAPL) to European Union antitrust regulators, escalating its dispute with the iPhone maker over its App Store payment system and control over app downloads.

The two companies have been locked in a legal dispute since August, when the game maker tried to avoid Apple's(AAPL) 30% fee on some in-app purchases on the App Store by launching its own in-app payment system.

That prompted Apple(AAPL) to kick Epic's Fortnite game off the App Store and threaten to terminate an affiliated account that would have effectively blocked distribution of Unreal Engine, a software tool used by hundreds of app makers to create games.

Epic Games founder and Chief Executive Tim Sweeney said Apple's(AAPL) control of its platform had tilted the level playing field.

"The 30% they charge as their app tax, they can make it 50% or 90% or 100%. Under their theory of how these markets are structured, they have every right to do that," he told reporters.

"Epic is not asking any court or regulator to change this 30% to some other number, only to restore competition on IOS," he said, referring to Apple's(AAPL) mobile operating system.

The company also accused Apple(AAPL) of barring rivals from launching their own gaming subscription service on its platform by preventing them from bundling several games together, even though its own Apple Arcade service does that.

Apple (AAPL) said its rules applied equally to all developers and that Epic had violated them.

"In ways a judge has described as deceptive and clandestine, Epic enabled a feature in its app, which was not reviewed or approved by Apple(AAPL), and they did so with the express intent of violating the App Store guidelines that apply equally to every developer and protect customers," the company said in a statement.

"Their reckless behaviour made pawns of customers, and we look forward to making this clear to the European Commission," it said.

Epic Games' EU complaint got the thumbs up from lawmaker Rasmus Andresen at the European Parliament, which will in coming months seek to reinforce EU tech rules proposed by the Commission to rein in U.S. tech giants.

"We as legislators need to ensure that these platforms who act as gatekeepers in the digital market have to respect a predefined set of rules in order to guarantee fair competition and balanced market powers," he said in a statement.

Apple (AAPL) has been taking small steps in recent months towards changing its practices, including lower fees for some developers and giving them a way to challenge its rulings, both of which have not satisfied the company's critics.

Fortnite is slated to come back to the iPhone at some point in the mobile Safari browser. Epic and Apple(AAPL) in recent weeks have been trading documents and conducting depositions ahead of a scheduled May trial in the Epic lawsuit filed last year.

The Commission, which is investigating Apple's(AAPL) mobile payment system Apple Pay and the App Store, confirmed receipt of the complaint.

"We will assess it based on our standard procedures," a Commission spokeswoman said.

Epic Games has also complained to the UK Competition Appeal Tribunal and to the Australian watchdog.

Big companies such as Microsoft Corp(MSFT), Spotify(SPOT) and Match Group Inc(MTCH) have also criticised Apple's(AAPL)App Store fees and rules. (Reporting by Foo Yun Chee Additional reporting by Stephen Nellis and Paresh Dave in San Francisco Editing by Barbara Lewis, Kirsten Donovan)

PLTR getting a couple more upgrades. Nothing major, since most of the analysts had them with $17 price targets they are moving them up to the 19-20 range.

Jysin said:

SPY needs a cool down and retracement. It has run for a while and is fairly extended off the 20D moving average. ~390 will be a critical level today if it can hold.

I have been fairly conservative in my swing trades, as I am cautious about an overall market rug pull.

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I agree. The QQQ has been +20% over the 200 DMA for way too long in my opinion. I am thinking the short-term shock to energy and the Texas ports might be enough of a reason to cool things down a bit (no pun intended)

FTEC: 19% over the 200 DMA; 6% over the 50 DMA
QQQ: 18% over the 200 DMA; 5.5% over the 50 DMA
SPY: 13% over the 200 DMA; 4% over the 50 DMA
XLK: 16% over the 200 DMA; 5.6% over the 50 DMA

PLTR fighting like made at the 50 DMA to break on top. For those who believe in things like technicals.

PLTR 50 DMA ftw

I got into PLTR today at $28.84.

I'm too slow on the draw to day-trade. I'm always like 2 hours behind the low points.