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SQQQ isnt a bad play either. We are so unbelievably extended here.

*worf*

PSTH missed another <$24 add today. Need a market correction so I can load the boat.

Glancing through the actual report, from my engineering background, it has some validity. They seem to be over-promising technology that has stumped some of the best researchers in the world for decades.

Massive fraud piece put out against QS. (Scorpion Capital and Muddy Waters) https://scorpioncapital.s3.us-east-2.amazonaws.com/reports/QS1.pdf

Most people who make enough to cap 401k are over the income limits for Roth IRA contributions. (Unless they are mega thrifty putting a sizable portion of their income in that 401k)

Coming right back down to your 320 spot.

The money was on the other side of the trade. Shares were fairly easy to locate for borrows from multiple brokers. Shorts made bank on this.

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...

COIN showing $374 now. This is going to blow up some RH accounts today.

Showing an indicated price on my level 2 for COIN at $350 currently. Crazy.

PLTR strong out the gate.

Bascially zero volume traded on this name premarket. Very odd.

You're correct @Blazin I only gave a quick look and the lack of any volume ah Fri basically didnt print anything. Quick glance looked like half a dozen 5min candles after was the spike. But that was 4am this morning. Ah well.

Great insider trading on NUAN too. I was looking at the Fri charts on it. It was basically flat all day long at $45, then out of nowhere after hours spiked to $55+. The announcement was made this Monday morning premarket. I just wish one day I could have the insider info like this.

As a general rule of trendlines, you are going to want the anchors to also coincide very high volume. The correlation of volume and the direction of the price action can be quite telling. A good volume / price indicator would be high volume buying into strength and much lower volume on the sell...

Not to mention, OPEC shenanigans + Cali tax extortion, isn't the same as inflation. Fuel demand cratered in most of the world in 2020 and we were swiming to our eyeballs in oversupply. Prices went down during the pandemic. Now we have OPEC playing their part, plus demand shifting as more...

That RICE spac broke $17 today. Day before DA announced two days ago, the spac was at nav. The entire day range of 7th April was $10.08 - $10.15. 70% return for anyone who bought nav prices. That gives me a bit of hope for my spac portfolio! *edit* Just cracked $18 (80% return) after market...

Well, we basically melted up right into a big macro ascending resistance trend line at the close. Monday sure is going to be interesting!

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.