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rdlkgliders said:
SOS, Trying not to be too bummed for selling 650 shares at $5....LOL Who knew
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Same here. Missed that whole “universe getting interested”thing.

I did however, buy back in on todays dip. Hoping for the best.
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The SPAC Bubble Is About to Burst

The rapid proliferation of SPACs — blank check companies raising funds through IPOs in order to acquire private companies — mirrors a pattern seen a decade ago with another controversial M&A practice: reverse mergers. As with reverse mergers, SPACs’ deal quality will fall, attracting intensified...
hbr.org hbr.org
 
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rdlkgliders said:
BNTC moving up
SOS Big dip but I am in healthy green on this overall
SNDL WOW, my 17 year old kept sending me screenshots of this through the day
JMIA on it's usual big morning pushes the falls back. I am really considering dumping this one too.

@Dog whats your take on SOS? I am considering dumping tomorrow
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I had a bad experience with SNDL, too damn volatile for my liking. The other morning it was up 33% in the pre market and all the other pot stocks were down quite a bit. I tried selling off at the open, but the action was too choppy and it didn't have an ask price. By the time my action went through, I ended up with very little profit for the morning.
I get tempted some days, but it's too hard to dump, when the sell off starts. Anything that WSB pumps and dumps is too risky for me.
I have made a shit ton on the other pot stocks though, TLRY, GRWG, APHA and MJ.
Good luck on your stonks.
 
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fearsomefour said:
For crypto folks check out SXP.
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Is that SXP.CA?

I checked it on Stocktwits and there are only 72 people watching it.

I check in on crypto from time to time because my son is interested, but I have never purchased before.
 
Dog said:
Seems like a good thing for those with patience. The SPACs take time to IPO, find the right partner, get regulatory approvals, etc.

Remember Draft Kings was a SPAC last year.

Tortiose Aquisition Corp is a decent one. Ticker symbol SNPR and they do domething with the EV sector.

Tilman Fertitta is taking his business with Landrys and Golden Nugget into a spac called FST i believe.

Announced just last week. That dude from Virgin Atlantic started a SPAC. Richard Branson. Its gonna be domething about family and medical. I didnt really focus on it.



others PIPP, SRAC, APXT. One thats way farther along is CCIV
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I have been in CCIV for a while, but it's very volatile at times. There are big whales that manipulate it a lot. They will sell off a very large chunk and after it empties every ones stop loss it's down 10 to 15% and freezes.

When it unfreezes it is down about 5 to 10%. When it hits bottom, the same dick weed that sold off makes a very large purchase, it must be wonderful to have enough money to pull shit like that off.

It looks like they are finally set to merge with Lucid early next week and should be a wild ride.
 
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Gandalf said:
I had a bad experience with SNDL, too damn volatile for my liking. The other morning it was up 33% in the pre market and all the other pot stocks were down quite a bit. I tried selling off at the open, but the action was too choppy and it didn't have an ask price. By the time my action went through, I ended up with very little profit for the morning.
I get tempted some days, but it's too hard to dump, when the sell off starts. Anything that WSB pumps and dumps is too risky for me.
I have made a shit ton on the other pot stocks though, TLRY, GRWG, APHA and MJ.
Good luck on your stonks.
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Any premium rooms you follow on stockwits?
 
rdlkgliders said:
Any premium rooms you follow on stockwits?
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They have rooms for almost every stock. I am usually in the CCIV room, but it's usually busy with pumpers and bears. Sometimes you can pick up some good leads by hitting the trending button and following up on the stocks.

I follow GRWG, AMD, APHA, TLRY, SE, TSM, CLNE, FCEL and a few more. The pot and clean energy stocks have been hot since Biden's victory.

What do you follow, any hot leads?
 
The play on SNDL was way over extended. It was Zack Morris and his twitter followers that jacked the thing. Maybe Reddit piled in later, i wasnt following. I told a buddy to sell above 3 and his reply was “No way, diamond hands” so.....hes gonna diamond his way back down to a dollar I guess.

The momo plays are fun, but theres huge risk, because proper valuation always settles things. Theres no way SnDL is an 8 BILLION dollar company.
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BNTC filed form S3 for a mixed Shelf offering of $75m

Normally that would be a bad thing. It means they can dilute at any time to raise capital.

But they also filed form S8 which details stock options for employess with strike points averaging $47 a share.


Some are saying we should expect a huge pump and big news in conjunction with these filings. The employees can then excercise their options, and then the company will dilute at a higher price. Then there are others who think the S3 indicates a bad thing and one guy in particular dumped about 350,000 shares Friday- which influenced the drop in price.

Im only holding 500 shares now. Not enough to lose my ass, but definately enough to piss me off if I’ve guessed wrong.

Dice roll here. 300% to 400% upside vs possible 60% downside.
 
Dog said:
The play on SNDL was way over extended. It was Zack Morris and his twitter followers that jacked the thing. Maybe Reddit piled in later, i wasnt following. I told a buddy to sell above 3 and his reply was “No way, diamond hands” so.....hes gonna diamond his way back down to a dollar I guess.

The momo plays are fun, but theres huge risk, because proper valuation always settles things. Theres no way SnDL is an 8 BILLION dollar company. View attachment 43867
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I got into SNDL one day and sold most of what I had at the end of the day. The next day premarket it was up 33% and I tried to sell at the open. Lost most of the 33%, but came out pretty well overall.
 
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Dog said:
BNTC filed form S3 for a mixed Shelf offering of $75m

Normally that would be a bad thing. It means they can dilute at any time to raise capital.

But they also filed form S8 which details stock options for employess with strike points averaging $47 a share.


Some are saying we should expect a huge pump and big news in conjunction with these filings. The employees can then excercise their options, and then the company will dilute at a higher price. Then there are others who think the S3 indicates a bad thing and one guy in particular dumped about 350,000 shares Friday- which influenced the drop in price.

Im only holding 500 shares now. Not enough to lose my ass, but definately enough to piss me off if I’ve guessed wrong.

Dice roll here. 300% to 400% upside vs possible 60% downside.
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Gandalf said:
I got into SNDL one day and sold most of what I had at the end of the day. The next day premarket it was up 33% and I tried to sell at the open. Lost most of the 33%, but came out pretty well overall.
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I am holding onto 200 that I bought in at 99.5 so no real risk. If it takes off I may jump back in after early morning rush and Dump.
I have great buy in timimg and not so good selling timing LOL
 
rdlkgliders said:
I am holding onto 200 that I bought in at 99.5 so no real risk. If it takes off I may jump back in after early morning rush and Dump.
I have great buy in timimg and not so good selling timing LOL
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Yeah, me to. As soon as I sell, it takes off.
 
@Gandalf i get your point, pre market sucks when your stock runs and you cant get to it in time. I have premarket trading but Fidelity starts at 7. Often times even that is too late when webull and Interactive Brokers start at 4

Anybody would love to take a 33% day trade.
 
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Dog said:
@Gandalf i get your point, pre market sucks when your stock runs and you cant get to it in time. I have premarket trading but Fidelity starts at 7. Often times even that is too late when webull and Interactive Brokers start at 4

Anybody would love to take a 33% day trade.
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I hate watching stocks after hours and not being able to do jack shit.

I am happy as all hell that I sold CCIV at the open this morning, The big dumps on Thur and Fri left me a little uneasy.
 
@Gandalf reslly Good move. Cant brlieve its tanked so much this evening.

i wish I would have gotten the same fuzzy feeling about SOS. Im now an official bag holder.
 
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