Boiler Room: The Official Stock Market Discussion

Serious

Veteran
Supporter
Joined
Apr 30, 2012
Messages
80,178
Reputation
14,319
Daps
190,974
Reppin
1st Round Playoff Exits
When LCA for example dropped back into the 11's that was another buying opportunity for me. When you are confident in what you are buying you don't worry about the dips.
Most people here aren't. Because they fomo and blindly follow, then complain when a stock isnt moving. Not understand that cats like me have been building positions for weeks.

If IPOC drops to 10-11 I'm buying for the long term.

I could sell right now and make a nice profit, but I know this shyt will run, a lot more in the future.
 

25YOUTHS!!

Superstar
Joined
Jul 12, 2012
Messages
3,879
Reputation
3,110
Daps
14,561
Reppin
NULL
I dunno brehs, there def seems to a general strategy when it comes to SPACS :patrice:
If you're looking for a "quick" flip, the closer you get in to $10 the better. It's people FOMO when it's already running 15-$20 that get left holding the bag.

Other then that most important thing is to actually research the potential merger companies and see if you think it's a good long term play.
IPOB/Opendoor: Not my area of expertise but had a good entry point. Flipped it for a good 50% profit today
IPOC/Clover Health: Less hype than IPOC and IPOD but I'm familiar with the field so I'm more confident going long term. This seems to the way healthcare is headed especially with the push for more "universal" coverage. Got in at $10.50 and been buying the dip since. Still averaging only $10.70 which is well below the entry point I'm comfortable with so will def continue to buy the dips until merger and hold.

SBE: Got in at $17.50 and up 115% so far. It shot up before I could build a decent position and can't justify adding to at at this price but I predict it will continue to rise even if not at the same rate. Probably gonna take profits later this week and let the rest ride. I don't see the EV sector plummeting anytime soon even with all the talk about the stocks being overpriced.
 

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
65,305
Reputation
16,222
Daps
268,138
Reppin
Oakland
yall pretty much summed it up, i'd say most people are in SPACs for the pre-merger play, in which case looking for .5-3x returns is cool. if it's a company you believe in long term, that's a whole other play. if IPOC can get to 20, i'm out, take that money and hit another SPAC or increase positions in my current long holds
 

pete clemenza

Veteran
Supporter
Joined
May 1, 2012
Messages
35,807
Reputation
3,158
Daps
86,716
Reppin
Cali
I knew there was no need for that Tsla runup right before closing on Friday. Other than that good day today
 
Top