Investing, Stock Market and Retirement Planning Thread

Postby **Dickie Dunn** » Thu Mar 04, 2021 2:04 pm

Goodbye money!

Postby **dodint** » Thu Mar 04, 2021 2:07 pm

Yeah, I've been out of the market for about 10 days now. Just don't like it. I'll jump back in when things settle. Sold my last position on Feb-17.

Postby **Dickie Dunn** » Thu Mar 04, 2021 2:11 pm

I'm in a handful of things that I expect to pop in a couple months, I just wish I got in them now and not a month ago.

YouTube · Postby **mikey** » Thu Mar 04, 2021 2:20 pm

Get your SPY puts early today, probably a bad day...should recover fairly quickly though, so timing is important...

Ok, Mikey daytrader dumped those (3x money in 4 hours, thanks for comin)...

Now, scrape off some profits to buy SPY calls for 3/8...let's go yolo...

Postby **dodint** » Thu Mar 04, 2021 2:26 pm

This is the first day I didn't even turn my terminal on. More because my two real jobs are taking me to the wood shed than anything else, but, still.

Postby **shmenguin** » Thu Mar 04, 2021 2:40 pm

Big money dumping stocks to drive prices down in preparation for stimulus re-buy.

...at least this is what I tell myself before bed

Postby **Troy Loney** » Thu Mar 04, 2021 4:06 pm

https://www.cnbc.com/2021/03/04/spacs-a ... -over.html

What is a SPAC, and are they the next speculative market that will tank the finance sector?

YouTube · Postby **mikey** » Thu Mar 04, 2021 4:11 pm

Probably...

Postby **Troy Loney** » Thu Mar 04, 2021 4:16 pm

SPACs are becoming less of a sure thing as the deals get stranger,

So many dangerous insinuations in this here headline.

"less of a sure thing" implies that this newly invented "thing" was considered a sure thing. That sounds familiar (MBS cough cough)

"deals get stranger" deals get "stranger" when these turds starts inventing "creative" investment products.

I feel like this would have been a headline about mortgage backed securities a year ahead of the '08 crash.

Postby **MrKennethTKangaroo** » Thu Mar 04, 2021 4:46 pm

Investing in a mortgage back security makes sense on paper, especially if you were operating under the assumption that the credit ratings on the MBS are accurate.

With a SPAC stock you don't even get the luxury of buying actual assets. You buy a stock with the hope some other idiot with a stimulus check will buy your share for more or the idiot that actually started the spac will find something interesting to buy. At least when you bought an MBS in 2006 you were buying something that has an actual asset.

Postby **Troy Loney** » Thu Mar 04, 2021 4:48 pm

Very meta

Postby **dodint** » Thu Mar 04, 2021 6:00 pm

Quick, someone make an ETF and fill it with SPACs.

Postby **NTP66** » Thu Mar 04, 2021 6:00 pm

YouTube · Postby **mikey** » Thu Mar 04, 2021 6:28 pm

Betting on 1 thru 36 in roulette is technically a losing strategy...you got to be selective...

Postby **Willie Kool** » Thu Mar 04, 2021 6:33 pm

The thing about SPACs is that, worst case, you can redeem your shares for $10 + interest each if they fail to find a partner or if you want out before the merger. As such, there is limited downside and potentially unlimited upside. That said, I'm currently down over $350 on NGAC, but can now only lose less than 30¢ per share max.

It's been a learning experience. I'd consider investing in one again, but probably only if I could get in under $11/ share.

Postby **Willie Kool** » Thu Mar 04, 2021 6:38 pm

you got to be selective...

Yeah that's what the article TL posted was about. Too many SPACs leads to them taking companies public that really shouldn't be. Gotta do your DD.

Postby **Troy Loney** » Thu Mar 04, 2021 6:39 pm

you got to be selective...
Yeah that's what the article TL posted was about. Too many SPACs leads to them taking companies public that really shouldn't be. Gotta do your DD.

Sounds like a scam

Postby **Willie Kool** » Thu Mar 04, 2021 6:44 pm

Caveat emptor

Postby **NTP66** » Thu Mar 04, 2021 6:44 pm

Caveat emptor

What’s their ticker?

Postby **dodint** » Thu Mar 04, 2021 7:08 pm

The Tech sector drop today has made them negative for the year. Yowza.

Postby **count2infinity** » Thu Mar 04, 2021 7:19 pm

Yeah. Tech are back at pre covid levels. Crazy.

Id Imagine with so much bot buying they’ll be back up just as quick as the went down, but still.

YouTube · Postby **mikey** » Thu Mar 04, 2021 10:17 pm

Tomorrow should be fun...it might be a good straddle day...SPY could go down to 362 bloodbath, or up to like 385 and retrace back over a lot of the losses...good opportunity for thicc dick daytraders...

Postby **dodint** » Thu Mar 04, 2021 10:28 pm

Nah man, you have fun.

Postby **MrKennethTKangaroo** » Thu Mar 04, 2021 11:16 pm

you got to be selective...
Yeah that's what the article TL posted was about. Too many SPACs leads to them taking companies public that really shouldn't be. Gotta do your DD.

What due dillegence? On the asshats that are deciding what to buy?

Postby **Dickie Dunn** » Fri Mar 05, 2021 4:01 pm

Around 11 this morning I was tempted to throw another $1k into TD and double my positions in $ITRM and $ONTX with a ridiculous average down. Had I done so I would now be in the green for both investments. I don’t know if I should use this as some kind of learning moment or just hate myself.