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A trading room I pop into on occasion, some noob was attempting to buy options for apparently the first time. He thought he was buying "shares" and bought 1000 of these "shares" for what was supposed to be a SPY 408 23Apr Put. The dude somehow not only screwed up his lack of understanding of...

Two significant swing trade wins for me this year have been F (Ford) and X (US Steel). Boomer stocks can perform in the short term too!

Of course both !

Quite the SPY / QQQ pull-in premarket.

From yesterday: https://www.sec.gov/news/public-statement/spacs-ipos-liability-risk-under-securities-laws

They just keep coming to set money on fire: $PSTH 07/16/21, 2000 calls bought for $35 strike. $322k bet

Curious if someone's $200k+ worth of $42 PSTH calls are expiring worthless tomorrow. Man, people are crazy.

Honestly think spacs just got a bit of attention with RICE today. Nearly 50% gain on a DA announcement. With loads of spacs having been sat at nav, it is temping for many with little downside risk. Opportunity cost is your only consideration.

Fidelity Price Improvement seems nice, at least what is reported to me. Sitting at 260 improvements for $3,377 on the year. Who knows though?

By chance, are your orders hidden or visible? IIRC, hidden orders have lower priority vs visible ones.

Next thing you are going to start talking about fundamental analysis. GTFO boomer!

RICE just touched shy of $16. 60% up from nav is a pretty compelling argument for a return to spacs!

RICE spac DA announcement. It was basically at nav and now trading over $14 premarket.

Commons are the play for PSTH (or most spacs). You've zero clue on a DA announcement. You're literally gambling playing the OTM call option game on this stock.

I also had about 3k shares of NCLH at 25.5 recently on the cruise ban through Nov news. It spiked low on the news and I loaded up. Sold 26-27, then this week they bump the cruises up to July and NCLH has rocketed this morning to nearly $33. Fomo paperhands.

Diversification. It doesn't have to be an either / or. Got a lot of money in spacs, while I had also loaded up DAL in the $30 range over late 2020. Airlines have already made a big move. Not sure jumping into them right now would be my play, personally.

Yes, I am still smoking the hopium. An interesting read nonetheless. Spoilered for length. PSTH Target Analysis: Starlink

At this point in my spacs sitting at nav, there's basically zero downside risk and 20%+ potential. (For example: Dumpster fire Shaq-spac + WeWork hit $14 yesterday). As long as you don't need the money immediately, there is no point selling at bottom. Completely understand opportunity cost, but...

GSAH catching some volume out of nowhere. Interesting, as most spacs are just on idle at nav.

I have 0 experience trading options. @Sanrith Descartes perhaps you can shed some light? Floating around the web is reported some crazy call options purchased yesterday for PSTH expiring 4/6 this Friday. Some $200k worth OTM (40 strike?) Where would I be able to validate this info. Seems like...

Those numbers are staggering. How did they get caught bag holding this mess, while the other institutions seemed to navigate their way out early?

My thoughts at only adding 800 shares of PSTH at $23.

TSLA anyone? https://www.cnbc.com/2021/03/29/tesla-double-charged-some-customers-for-new-cars.html

https://assets.pershingsquareholdings.com/2021/03/29100010/Pershing-Square-Holdings-Ltd.-2020-Annual-Report.pdf Apparently within, outlines PSTH share holders the right to buy PSTH II at nav.

Press Release: No PSTH Q1 DA. Seemed inevitable this late in the quarter.

This is very considerable in high cost of living cities. I have a friend who is in a VP role at Goldman Sachs London and we were discussing this last year. Well before the pandemic had hit, they were already drafting up plans to a shift to remote work / suburban office hubs. Off the top of my...

^^ That would be huge ^^ Kathy + her love for all things Elon + PSTH / Starlink rumors!?? (I jest)

Cramer bit on the Tube:

Of course its beyond ridic .. but fun to read the speculation nonetheless. The other end of the spectrum joke about a Subway DA. Either way, I am confident that any announcement will pay handsomely. For fucks sake, Shaq-SPAC ($BOWX) / WeWork hit >$12 into the close today (was 9.70 yesterday...

Boom. Cramer was quite positive on PSTH in the lightning round. Price bumped about 40c instantly. hahah Though, quite surprising as he has very much shit on SPACs in general.

Sometimes, reading these reddit threads can be full of hopium. I only wish a sliver of this were true: (Re PSTH) Apparently the Starlink LLC is true. And from my reading, an LLC can't IPO? (Leaving a SPAC a vehicle to market)...

Apparently PSTH is going to be discussed on Cramer Mad Money.. dude is a whackjob, but will be interesting on the AH price action. 6:15pm EST.

Huge AH buy spike to 10.39. Seems to be receding now

Man, that SPY and QQQ close was something else. Monday is going to be interesting.

It formed this intraday pivot at ~43.15 which was tested multiple times. I put an order in for 43.20 for a bounce play and on the last dip, missed fill by 5c. Now back over $48 now. Win some, lose some, sometimes you're left on the bench watching the game.

VIAC slaughtered today. Got an open order for the 200D SMA, but might be wishful thinking. Hugely oversold today.

WeWork is exactly what a "Shaq-SPAC" deserves.

The NY pot news came out yesterday. TLRY had a small bump, but nothing huge. Fizzled itself out too. March 24, 2021, 5:23 PM GMT https://www.bloomberg.com/news/articles/2021-03-24/deal-reached-to-fast-track-legalizing-marijuana-in-new-york?sref=9HT8lz40

Month isnt up yet. Quite flat, which is a good thing. If market rolls over before end of week, might see some red. Though, if I literally cut loose everything right now, today's losses would be smaller than my biggest single day gain of last month. It's a rough month of misdirection. Tough for...