What’s your big gamble? (Volume 4)

[ferrisbueller]

Adam. said:

GGPI

anyone worried this is going to dump as soon as it merges with Polestar?

at the moment the SP cant fall below $10 but soon that protection will be lifted

Yes, there is a risk, but it's a long term hold for me.

[GPH]

ALawson said:

Tesla down a lot.

wow. last time I looked a month ago is was back over $1000. Now 650?

[Adam.]

ferrisbueller said:

Yes, there is a risk, but it's a long term hold for me.

Is there any news on when the SPAC will merge?

[Luke.]

Adam. said:

ferrisbueller said:

Yes, there is a risk, but it's a long term hold for me.

Is there any news on when the SPAC will merge?

No.

[Adam.]

Luke. said:

No.

Hi Luke
Think they said Q2 was target so must be soon.

Do you know how SPAC process works? I know it has to be voted on but can you still trade shares after the vote is announced? Or are shares suspended?

[Luke.]

Adam. said:

Hi Luke
Think they said Q2 was target so must be soon.

Do you know how SPAC process works? I know it has to be voted on but can you still trade shares after the vote is announced? Or are shares suspended?

Q2 was the target but think the SEC are asking for amends to be done. Don't know a huge amount about the process though.

RE might it drop below $10? Very possibly in the near term, but a good safe bet long term. Lucid and Fisker etc are way behind in terms of the numbers they'll be delivering, as I'm sure you know.

Did you get any ARVL in the end?

[ferrisbueller]

Adam. said:

Luke. said:

No.

Hi Luke
Think they said Q2 was target so must be soon.

Do you know how SPAC process works? I know it has to be voted on but can you still trade shares after the vote is announced? Or are shares suspended?

Yes, Q2.

IIRC a date is set for the completion and ticker change and trading continues. There is a window where you can return your shares for the $10 but I can't remember when that is exactly relative to the ticker change.

https://www.pwc.com/us/en/services/consulting/deal...

I like the product and I like the numbers, though they are going to be impacted by supply chain issues just like everyone else.

[Luke.]

ferrisbueller said:

Yes, Q2.

IIRC a date is set for the completion and ticker change and trading continues. There is a window where you can return your shares for the $10 but I can't remember when that is exactly relative to the ticker change.

https://www.pwc.com/us/en/services/consulting/deal...

I like the product and I like the numbers, though they are going to be impacted by supply chain issues just like everyone else.

How do you return shares?

[Vanity Projects]

Didn’t believe the futures today so kept my shorts for Spx and nasdaq open and bought a big wedge (for me) of Uk:Sark - 3xinverse arkk) before US open at $11.78.

Arkk totally tanked so I’m 17% up on that today alone.

Up 12% on nasdaq short too but only have 5% of pf in each position max.

Chinablue chemical hasn’t benefited from the China rate cut and dropped but it’s got a big dividend at month end so I’m hanging around for that. It’ll get paid in hkd $ so bugger all I can buy with it

[ferrisbueller]

Luke. said:

ferrisbueller said:

Yes, Q2.

IIRC a date is set for the completion and ticker change and trading continues. There is a window where you can return your shares for the $10 but I can't remember when that is exactly relative to the ticker change.

https://www.pwc.com/us/en/services/consulting/deal...

I like the product and I like the numbers, though they are going to be impacted by supply chain issues just like everyone else.

How do you return shares?

I think you need to contact your broker.

[Adam.]

ferrisbueller said:

IIRC a date is set for the completion and ticker change and trading continues. There is a window where you can return your shares for the $10 but I can't remember when that is exactly relative to the ticker change.

https://www.pwc.com/us/en/services/consulting/deal...

I like the product and I like the numbers, though they are going to be impacted by supply chain issues just like everyone else.

Thanks

My thinking is all tech is tanking and this is being artificially held up.

It may jump when announcement and date comes out so I can hold until then at current $10 (I am down 33%), as long as I can trade out after that potential spike.

The if it falls below $10 I can buy back in, as I agree it’s a good LT prospect.

Assume that be possible?

[g4ry13]

Vanity Projects said:

Didn’t believe the futures today so kept my shorts for Spx and nasdaq open and bought a big wedge (for me) of Uk:Sark - 3xinverse arkk) before US open at $11.78.

Arkk totally tanked so I’m 17% up on that today alone.

Up 12% on nasdaq short too but only have 5% of pf in each position max.

Chinablue chemical hasn’t benefited from the China rate cut and dropped but it’s got a big dividend at month end so I’m hanging around for that. It’ll get paid in hkd $ so bugger all I can buy with it

Did you close off the shorts? I've seemingly ended up long on the index and been getting trashed for most of the week.

Seems to have bounced a little in the last hour or so.

[ferrisbueller]

Adam. said:

ferrisbueller said:

IIRC a date is set for the completion and ticker change and trading continues. There is a window where you can return your shares for the $10 but I can't remember when that is exactly relative to the ticker change.

https://www.pwc.com/us/en/services/consulting/deal...

I like the product and I like the numbers, though they are going to be impacted by supply chain issues just like everyone else.

Thanks

My thinking is all tech is tanking and this is being artificially held up.

It may jump when announcement and date comes out so I can hold until then at current $10 (I am down 33%), as long as I can trade out after that potential spike.

The if it falls below $10 I can buy back in, as I agree it’s a good LT prospect.

Assume that be possible?

You should effectively be able to short it, yes.

[Adam.]

ferrisbueller said:

You should effectively be able to short it, yes.

Not sure I want to go short, just want to sell it post an announcement bounce

[ferrisbueller]

Hard to say what fair value is. I think 10 a share is 20bn market cap

[Vanity Projects]

g4ry13 said:

Did you close off the shorts? I've seemingly ended up long on the index and been getting trashed for most of the week.

Seems to have bounced a little in the last hour or so.

No, that’s the annoying thing about having to short via uk instruments in my sipp. I effectively have to decide by 4:30 uk what I think the us will do in the evening so I got to watch it tank and then recover

I didn’t expect quite the ramp back to zero at US close so my shorts are still open. Depending on futures behaviour between now and Monday it might trim 2-5k off what I would make.

I’m still comfortably up on them all though. Expecting to sell around 8% up on Sark, 3-5% on spx and 5% sqqq.

I’ve actually set a buy order for long SPX and QQQ for Monday as I think we’re going to rally for a bit now.

Feels like bear rally coming so I’ll close them first thing Monday.

Still managing drawdowns as the main aim so far…shame that with inflation even treading water is losing 10%

Green is me, blue is ftse, red is obviously nasdaq!

Edited by Vanity Projects on Saturday 21st May 08:30

[Vanity Projects]

In case you fancied a punt, biotech getting a bounce from monkeypox.

Specific antiviral owned by SIGA who have already jumped up by god knows how much in the last few days.

Think I’ll still have a punt though come Monday open.

https://www.marketwatch.com/investing/stock/siga?m...

[petemurphy]

Vanity Projects said:

In case you fancied a punt, biotech getting a bounce from monkeypox.

Specific antiviral owned by SIGA who have already jumped up by god knows how much in the last few days.

Think I’ll still have a punt though come Monday open.

https://www.marketwatch.com/investing/stock/siga?m...

literally just popped on here to say whos piling into monkey pox stocks! it went so well for me with covid..

looking at Bavarian Nordic although prob missed the boat it was up 60% last week

[Luke.]

petemurphy said:

Vanity Projects said:

In case you fancied a punt, biotech getting a bounce from monkeypox.

Specific antiviral owned by SIGA who have already jumped up by god knows how much in the last few days.

Think I’ll still have a punt though come Monday open.

https://www.marketwatch.com/investing/stock/siga?m...

literally just popped on here to say whos piling into monkey pox stocks! it went so well for me with covid..

looking at Bavarian Nordic although prob missed the boat it was up 60% last week

Me. Maybe. Will see how the first half hour goes.

[vulture1]

petemurphy said:

Vanity Projects said:

In case you fancied a punt, biotech getting a bounce from monkeypox.

Specific antiviral owned by SIGA who have already jumped up by god knows how much in the last few days.

Think I’ll still have a punt though come Monday open.

https://www.marketwatch.com/investing/stock/siga?m...

literally just popped on here to say whos piling into monkey pox stocks! it went so well for me with covid..

looking at Bavarian Nordic although prob missed the boat it was up 60% last week

yeah think ill throw £100 at them as could do a very short term crazy pump...