Investing General Discussion

Rangoth

Rangoth

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Araysar said:
Hold the line bruh, this might be a month long shakeout before the rocket ship. All joking aside, I would probably be adding on here if I could but I dont want to take it on margin

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Wonder if its a tons of people exercising @10 and immediately selling for profit of 1$+
 
Rangoth

Rangoth

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and.....I bailed on the BULL. This looks like it has not found a bottom at all and I think the selling will continue through the month until all warrants are redeemed. A bit of a loss but I was able to get out before it got bad since it was a slow death march and not a sudden drop. Long term projections don't look great either.
 
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Foler

Asshat Foler

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Rangoth said:
and.....I bailed on the BULL. This looks like it has not found a bottom at all and I think the selling will continue through the month until all warrants are redeemed. A bit of a loss but I was able to get out before it got bad since it was a slow death march and not a sudden drop. Long term projections don't look great either.
Click to expand...
I’m in for 50 shares
 
tugofpeace

tugofpeace

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Araysar said:
Hold the line bruh, this might be a month long shakeout before the rocket ship. All joking aside, I would probably be adding on here if I could but I dont want to take it on margin

Click to expand...


I bought a couple hundred shares < $11 just now. Low enough risk to see what happens as a gamble.

If warrants work anything like options, I don't see warrant redemption as bullish.. I would imagine whoever is on the other side of the trade for this doesn't want warrants to be exercised at an underlying that is far above the strike price. Wouldn't this be bearish?

Edit: Sold out lol
 
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Rangoth

Rangoth

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warrants were for 10$ and 11.5$. People have until the 30th to exercise. I'm assuming much of the drop is people doing that and immediately selling at the higher price, but most of the people who bought them bought them for 2-3$ so that doesnt really make sense either.

The 10d track record is now clearly headed down. I am not sure this will recover much before June 30th and the price may drop to something like 5-6$ before the next earnings or until they can start proving a slight better profit margin/growth plan.

For the record I never had long term convictions on this stock. my play was a quick options in and out, I bailed after I was down about 15% as it certainly wont recover by Friday baring some miracle or crazy news.
 
Sanrith Descartes

Sanrith Descartes

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When it's 2025 and people are still throwing the dice at SPACS...

sexy leonardo dicaprio GIF
 
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