(11-05-2021, 11:17 AM)vbin Wrote: LMT back at $338. Anyone buying MRK? Haven't looked why they dropped.

(11-05-2021, 12:30 PM)poneyboy Wrote: Wow MRNA down almost $75

This is why I don't invest in stocks like this. Too many wild swings. Looks like they want to take it even lower. Ouch

Here's the thing. No body even wants to take boosters expect for the really sick elderly. This entire thing will blow up.

Where did you all buy at? Hope your not under water.

I did add some SOFI and DKNG

(11-05-2021, 12:48 PM)fenders53 Wrote:

(11-05-2021, 12:30 PM)poneyboy Wrote: Wow MRNA down almost $75

This is why I don't invest in stocks like this. Too many wild swings. Looks like they want to take it even lower. Ouch

Here's the thing. No body even wants to take boosters expect for the really sick elderly. This entire thing will blow up.

Where did you all buy at? Hope your not under water.

I did add some SOFI and DKNG

Two more overpriced as hell stocks on fundamentals so don't get too critical.   The ones you are bashing are highly profitable.  You just bought SOFI and DKNG after they crashed. Timing might save you.

Here's the thing.  The stocks you bought today are still worth maybe 10 bucks on fundamentals where they launched, but probably less.  The story plays out or it doesn't.  They aren't making a dime of profit this year or 2022 and maybe 2023.  The companies themselves predict it will take them years to even dream of MRNA current profits.  Just keeping it real.  I have traded both of your stocks but I knew that I was flipping money losing hype and nothing more.  Maybe it works out.

Sorry but you triggered me throwing up two SPACs up 2-4X as some kind of sane valuation play.  There is a reason 90% of them skirted the IPO process.  It clearly wasn't because they wanted to pass on the big fee savings to the little guy.  MRNA actually has a PE that isn't infinity.

(11-05-2021, 01:57 PM)fenders53 Wrote: The SPACs annoy me more.  Most of them had no other purpose than to enrich early investors.  They need to excel for years to make today's price work.  They can still run if the market stays bubbly.  Mostly they get bought up because they crashed 50% so they must be a good deal now.  Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years

(11-05-2021, 02:49 PM)crimsonghost747 Wrote:

(11-05-2021, 01:57 PM)fenders53 Wrote: The SPACs annoy me more.  Most of them had no other purpose than to enrich early investors.  They need to excel for years to make today's price work.  They can still run if the market stays bubbly.  Mostly they get bought up because they crashed 50% so they must be a good deal now.  Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years

Yeah in general these have been absolutely awful deals. 
Black rifle coffee is also going public through a SPAC. I would definitely be interested in owning it. But the SPAC looks to me (there is very little info right now) that it's just basically an instrument for pouring all the money into the pocket of those who already own shares.

(11-05-2021, 02:24 PM)vbin Wrote: I am curious to look at MRK. MRNA isn't investable even at these level.

(11-05-2021, 04:06 PM)fenders53 Wrote:

(11-05-2021, 02:49 PM)crimsonghost747 Wrote:

(11-05-2021, 01:57 PM)fenders53 Wrote: The SPACs annoy me more.  Most of them had no other purpose than to enrich early investors.  They need to excel for years to make today's price work.  They can still run if the market stays bubbly.  Mostly they get bought up because they crashed 50% so they must be a good deal now.  Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years

Yeah in general these have been absolutely awful deals. 
Black rifle coffee is also going public through a SPAC. I would definitely be interested in owning it. But the SPAC looks to me (there is very little info right now) that it's just basically an instrument for pouring all the money into the pocket of those who already own shares.

I highly recommend anyone who buys to keep it light until they listen to a few conference calls or deep dive reports.  I've owned like four of them briefly and something shady sounding is normal.  Some very creative dilution is normal.  You are wondering when the thing might turn a profit and they are gifting a million shares to a favorite attorney for undisclosed reasons.  Some of these are going to blow up really bad.  They knew 2020 was the time.  A dirty investment banker would be scared to launch a real IPO.