Sanrith Descartes
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Investing General Discussion
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Fogel
Mr. Poopybutthole
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GHIV looks to have found a merger
Only thing I found on them was some lawsuit when they changed rules on quick turn around refi's, so who knows, but doesn't seem that big
www.housingwire.com
Only thing I found on them was some lawsuit when they changed rules on quick turn around refi's, so who knows, but doesn't seem that big
Three brokers go to war with United Wholesale Mortgage
United Wholesale Mortgage is facing a potentially ugly court battle from three mortgage brokers seeking class-action status.
www.housingwire.com
Sanrith Descartes
Veteran of a thousand threadban wars
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A mortgage company going public via SPAC reeks of Founders looking for any merger to get a payday. Eww.GHIV looks to have found a merger
Only thing I found on them was some lawsuit when they changed rules on quick turn around refi's, so who knows, but doesn't seem that big
Three brokers go to war with United Wholesale Mortgage
United Wholesale Mortgage is facing a potentially ugly court battle from three mortgage brokers seeking class-action status.
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ToeMissile
Pronouns: zie/zhem/zer
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Today was the reconstitution of the indexes. All the money managers/funds buying market on close.
Fogel
Mr. Poopybutthole
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Clean energy stocks have had a great year. I personally hate green energy, but you know what they say about emotions and investing. The question is will they get similar results in 2021? The article mentions congress extending tax breaks/credits soon which could give them another push. Thoughts? I'll probably open a small position in each
seekingalpha.com
Clean tech stocks keep climbing as Congress considers tax extenders (NYSE:JKS)
Clean energy stocks are surging again, as the U.S. Congress considers extending tax breaks for wind and solar energy.Among solar stocks: JKS +15%, CSIQ...
seekingalpha.com
Fogel
Mr. Poopybutthole
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Rumor about a merger with another Bill Foley spac WPF and Alight which is a cloud based admin for benefits etc. Can't seem to find much else about them. I've already made money on the first Foley spac BFT which is in the process of completing its merger, so might be worth a look.
Sanrith Descartes
Veteran of a thousand threadban wars
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The basic strat is you can make money on nearly any SPAC by getting in under $11 and dumping above $13 - $14 when it does its announcement spike.
Depending on the merger target it will plummet and then there is a second run you can play up to the vote If you want. Anything past the first run you want to have really done your due diligence on the founders. Playing it beyond the vote should be reserved for companies and founders you believe in.
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Which makes me think the jig will be up soon on this game. The market does not like a sure thing.
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HCAC merger vote is today. I’m a little iffy on this. I’ve got a few thousand dollars in shares and I’ve made a little thus far, and companies are praising Canoo, but the price has been stagnating pretty heavy and hype wasn’t that great after their vehicle unveil. I’m kinda on the verge of selling at market open and taking what I’ve got.
Sanrith Descartes
Veteran of a thousand threadban wars
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Not every deal is a homerun. Remember the lifetime annual return of the S&P 500 is about 9.75% with dividends reinvested. Sometimes you just pull your chips and walk away with 10-20% and be happy.
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Sanrith Descartes
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I think the market had priced in a lame duck, GOP give up the bank stimulus deal. I also think the market isnt happy they didnt push for the corona liability protection.
Sanrith Descartes
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Well turns out it’s shooting up, so I got over excited. Didn’t sell yet but monitoring closely.
Not that I stand to make any gigantic amount.
edit: sold just over $20, merger approved. Didn’t want to hold any longer.
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Sanrith Descartes
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For anyone looking for Boomer stocks, LMT is on sale today. I will be adding if it touches $345. It doesn't have great growth potential but it makes a ton of cash, and sells shit to various governments including ours. $9b in EBITDA, $5b in free cash flows and about a 3% dividend yield.
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