Investing General Discussion
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Blazin
Creative Title
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I was chuckling at people saying $250 was way too high, thinking you haven't seen anything yet.
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Sanrith Descartes
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Clown world. I am not saying the price isnt going to skyrocket. I am saying it isnt worth it.
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Fogel
Mr. Poopybutthole
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Furry
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A bank with 223b in highly volatile very risky assets being given a valuation of about 100b? The largest banks in the world with much more real assets are valuated at closer to 15% of them. Makes total sense that this new technology is better. Pumping all of my money into coinbase. See you guys at the homeless shelter.
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Kiroy
Marine Biologist
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uber market cap 113b and has zero assets
twitter is like 50b and they lose what, like 1.5b a year on top of having no assets
it's all a joke
Rajaah
Honorable Member
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What's Happening With Luminar Stock?
Luminar (NASDAQ:LAZR), a company that develops lidar sensors, has seen its stock decline by about 18% over the last week to about $24 per share. The stock also remains down by about 13% over the last month. The drop comes on the back of a broader sell off in growth and tech sto
www.nasdaq.com
Meanwhile, LAZR is in the toilet. I put $500 into it a while back and saw that get close to $600 a few times. Now it's just plummeting and plummeting. Was at like $360 last time I looked, and today share price went below 20 for the first time since I've been watching it.
Rajaah
Honorable Member
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I've never jumped on an IPO the day it launched before, don't know if I'll do it now. Still leaning towards using that money elsewhere. However for a one-day swing trade this seems to have potential. Yesterday I was speculating that it'd start strong, fall a bit out of the gate, then bounce waaaaay above its weight before coming back down either late in the day or tomorrow.
Someone on here said a while back that you want to be in the first 10 to buy in and one of the first 100 to exit with things like this. I might give it a try after all.
I guess my main question is, how do I avoid ending up in a homeless shelter because of COIN?
Fogel
Mr. Poopybutthole
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What's Happening With Luminar Stock?
Luminar (NASDAQ:LAZR), a company that develops lidar sensors, has seen its stock decline by about 18% over the last week to about $24 per share. The stock also remains down by about 13% over the last month. The drop comes on the back of a broader sell off in growth and tech sto
Meanwhile, LAZR is in the toilet. I put $500 into it a while back and saw that get close to $600 a few times. Now it's just plummeting and plummeting. Was at like $360 last time I looked, and today share price went below 20 for the first time since I've been watching it.
LAZR was so high during the EV/Lidar hype where anything EV/Lidar related was up. Look at all the big EVs right now like NGA, STPK, ACTC, VLDR etc, all down to low 20's and teens. Only EV play I have right now is some RMO calls for December.
Furry
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Never forget that the biggest joke of them all is cash right now, so invest, invest, invest.
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Tmac
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Blazin
my wife and I have $40k in cash right now. I don't want to double my money, I also don't want inflation to hurt it, and I want it to be semi liquid in case we want to buy a house in the next year or so.Is there a solid index fund or something we should look at putting 2/3 of it in?
Blazin
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time horizon for needing the money?
Is there a solid index fund or something we should look at putting 2/3 of it in?
Sanrith Descartes
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SPACs are under assault by short sellers and also a rotation of money out of them and into crypto and of course there is the value rotation going on.What's Happening With Luminar Stock?
Luminar (NASDAQ:LAZR), a company that develops lidar sensors, has seen its stock decline by about 18% over the last week to about $24 per share. The stock also remains down by about 13% over the last month. The drop comes on the back of a broader sell off in growth and tech sto
Meanwhile, LAZR is in the toilet. I put $500 into it a while back and saw that get close to $600 a few times. Now it's just plummeting and plummeting. Was at like $360 last time I looked, and today share price went below 20 for the first time since I've been watching it.
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Fuckin’ can’t believe people leaving SPACs for crypto.
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Tmac
Adventurer
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Tmac
Adventurer
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Fuckin’ can’t believe people leaving SPACs for crypto.
whynotboth.gif
I'm still in CCV, BTNB, and XPOA just-a-waiting. I'm also glad I got back into ETH at $1800 and BTC at $48k.
I do wish I'd never sold back in December, but whatchagonnado.
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Jysin
Ahn'Qiraj Raider
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Who in the world is shorting a spac at nav? There is no upside in that short position and unlimited risk.
RICE last week was pennies off the $10 nav price all day long, following day DA announcement was trading up 80% at $18.
*Edit* Just checked it out and it hit $19 after hours 5 days ago. So yea, 90% upside.
Blazin
Creative Title
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I would not invest the money in stocks with a 12mo. outlook. There are things that can be done to try to get some return while mitigating risk of a market at an ATH with a 12mo. outlook, such as selling 1 put on SPY that expires in December. It is not a great time right as of this moment even to do that but that can change quickly.
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