BG2008 Posted November 29, 2019 Share Posted November 29, 2019 Trading at $7.25. Stay the F away from SPACs post deal people. The best one that I have seen is Del Taco and that has crashed to $7.50. Hostess Brands is still holding up. ROIC is probably one of the best performing. That was a SPAC that they convert into a REIT vehicle. Link to comment Share on other sites More sharing options...
Gregmal Posted December 9, 2019 Share Posted December 9, 2019 Adam Jonas, the guy who put a $125-$250 per target on Tesla when it was a $30 stock apparently thinks this is worth $22.... Its a tempting short(and eventual zero IMO) but could also continue to rip shorter term. It seemed everyone and their mother was hugely negative on this and rightfully so. However there is enough of a bridge between now and when they will have to produce anything sort of meaningful, where meaningless shit will move the pps. I'm stalking this for sure, but hoping to avoid all the whipsawing that probably takes place in between. Link to comment Share on other sites More sharing options...
Gregmal Posted December 20, 2019 Share Posted December 20, 2019 I would think, if one should be so inclined, using this mini melt up as a chance to ambush this turd over the next 5-7 low volume, retail driven trading days would be a wise way to start dipping in to a short position here. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted January 13, 2020 Share Posted January 13, 2020 So VSS Unity, the company's sole completed space vehicle, has only been to outer space two times: Once in 12/2018 and once in 2/2019. Unity's predecessor craft, the VSS Enterprise, crashed and was destroyed in 2014, but I'm sure all the kinks are worked out now and that next year this company will do the 115 successful flights to outer space that management is projecting. :P https://en.wikipedia.org/wiki/VSS_Enterprise_crash Link to comment Share on other sites More sharing options...
Gregmal Posted January 13, 2020 Share Posted January 13, 2020 So VSS Unity, the company's sole completed space vehicle, has only been to outer space two times: Once in 12/2018 and once in 2/2019. Unity's predecessor craft, the VSS Enterprise, crashed and was destroyed in 2014, but I'm sure all the kinks are worked out now and that next year this company will do the 115 successful flights to outer space that management is projecting. :P https://en.wikipedia.org/wiki/VSS_Enterprise_crash Yea the above is something I struggle with a little. You kind of have a great short setup here, but there are also quite a few very realistic scenarios here where you stand to profit from some tragic and unfortunate stuff. Not something a typically like participating in. Link to comment Share on other sites More sharing options...
Jurgis Posted January 13, 2020 Share Posted January 13, 2020 I sold half of my supertiny position of warrants on the meltup. Beer money. I think making beer in space is a way to go (up). Maybe SPCE should buy TAP. Someone tap Sir Richard? Link to comment Share on other sites More sharing options...
Jurgis Posted January 22, 2020 Share Posted January 22, 2020 The video of Sir Richard and Chamath is funny: https://edition.cnn.com/2020/01/21/investing/ipo-direct-listing-spac/index.html Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted January 23, 2020 Share Posted January 23, 2020 The video of Sir Richard and Chamath is funny: https://edition.cnn.com/2020/01/21/investing/ipo-direct-listing-spac/index.html Thanks for the link. No position, but I continue to believe this will end up being a dumpster fire. Some of these statements from Palihapitiya are just LOL: "The actual business performance looks like a software company" The company is effectively pre revenue, so by "actual business performance" he really means "management's projections." Is launching people into space really akin to a SaaS business? No, not at all. Software businesses can often scale without big increases in expenditures, but for this to gain scale it has to (among other things) build more spaceships, which is very expensive. "We have spent 14 years de-risking alot of the technologies" Was the ship that crashed and was destroyed in 10/2014 part of that de-risking? I guess now that their current spaceship has left the atmosphere twice, the technology is de-risked. Link to comment Share on other sites More sharing options...
Jurgis Posted January 23, 2020 Share Posted January 23, 2020 The video of Sir Richard and Chamath is funny: https://edition.cnn.com/2020/01/21/investing/ipo-direct-listing-spac/index.html Some of these statements from Palihapitiya are just LOL: "The actual business performance looks like a software company" ... "We have spent 14 years de-risking alot of the technologies" Yes. Sir Richard looked quite uncomfortable during some questions. Link to comment Share on other sites More sharing options...
gjangal Posted January 23, 2020 Share Posted January 23, 2020 Lot of dreams / revenue streams . I think their main source of revenue is going to be launching satellites for other countries, companies similar to spacex and blue origin. Not sure how far down they are with this capability. Another stream of revenue might be cutting travel time between different cities. How much of a volume they will have who knows. The space tourism revenue is probably lumpy or not that huge compared to commercial satellite launches. That too is not recurring or high number of turns. I have heard hazardous waste ( nuclear ) disposal on other planets (mars) theory as well We have 2 people who are masters at selling things to other people, whether it materializes or not who knows Link to comment Share on other sites More sharing options...
gjangal Posted January 23, 2020 Share Posted January 23, 2020 Also I wonder what kind of relationship Chamath and Adam Jonas have. Chamath seems to be talking up Adam Jonas in tv interviews and Adam Jonas increases his price targets on SPCE. Link to comment Share on other sites More sharing options...
5xEBITDA Posted January 23, 2020 Share Posted January 23, 2020 Also I wonder what kind of relationship Chamath and Adam Jonas have. Chamath seems to be talking up Adam Jonas in tv interviews and Adam Jonas increases his price targets on SPCE. Every sell side analyst is different. Some are known for their analysis (estimates, price target, etc.) while some are known for providing management access to buy side clients. Adam Jonas is the latter type, which is perfectly ok and is a very lucrative career. Link to comment Share on other sites More sharing options...
Jurgis Posted January 23, 2020 Share Posted January 23, 2020 I think their main source of revenue is going to be launching satellites for other countries, companies similar to spacex and blue origin. Not sure how far down they are with this capability. They don't have orbit-capable ship. Edit: this has been under development from 2007: https://en.wikipedia.org/wiki/LauncherOne Scheduled for flight in 2020. We'll see. Another stream of revenue might be cutting travel time between different cities. How much of a volume they will have who knows. Safety, cost, noise, etc. is not resolved. Space-X is way ahead of them and even Space-X won't have this for 10 years+. I have heard hazardous waste ( nuclear ) disposal on other planets (mars) theory as well As long as we are in SciFi land, we should ship the hot air to space. Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted January 23, 2020 Share Posted January 23, 2020 Virgin Orbit owns LauncherOne. Virgin Orbit is not owned by Virgin Galactic, it is a separate and distinct entity. Virgin Galactic is a pure play on suborbital space tourism. "The merger between holding company Social Capital Hedosophia (NYSE:IPOA) and Virgin Galactic, announced back in July, is not expected to close before Q4 2019, and will not include a transfer of ownership of Virgin Orbit in any case. And no other plans to make Virgin Orbit publicly tradable have been announced." https://www.fool.com/investing/2019/10/06/virgin-orbit-plans-first-satellite-launch-in-2-mon.aspx Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted February 14, 2020 Share Posted February 14, 2020 I wonder how many of the retail investors piling in to this are aware of Branson's sweet royalty deal: "we [sPCE] are obligated to pay VEL [Virgin Enterprises Limited] quarterly royalties equal to the greater of (a) a low single-digit percentage of our gross sales and (b) (i) prior to the first spaceflight for paying customers, a mid-five figure amount in dollars and (ii) from our first spaceflight for paying customers, a low-six figure amount in dollars, which increases to a low-seven figure amount in dollars over a four-year ramp up and thereafter increases in correlation with the consumer price index. In relation to certain sponsorship opportunities, a higher, mid-double-digit percentage royalty on related gross sales applies." #PartyLikeIt's1999 Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted February 14, 2020 Share Posted February 14, 2020 Best way to trade this market is to snort a line of cocaína just before the market opens, then use all your available margin to buy junk like NVTA, SPCE, and NIO while pounding your chest and screaming "YOLO" and "FOMO" at the top of your lungs. #NotInvestmentAdvice #NoSeriouslyThisIsNotInvestmentAdvice Link to comment Share on other sites More sharing options...
BG2008 Posted February 14, 2020 Share Posted February 14, 2020 Mark my words! Virgin Galactic trading below $10 is going to be horrific. In SPAC investments, trading below the $10 initial price has very detrimental consequences for investor psychology. I don't know why, I hate Chamath as my spidey senses feels really weird around him. I was right briefly and then I have been wrong big time on this one. This market is incredible. Link to comment Share on other sites More sharing options...
Jurgis Posted February 15, 2020 Share Posted February 15, 2020 Warrants 8x bagger right now. Why did I sell most of my beer-sized position at 3x and 5x? ::) Oh, right, to buy the beer! 8) Link to comment Share on other sites More sharing options...
Castanza Posted February 15, 2020 Share Posted February 15, 2020 Best way to trade this market is to snort a line of cocaína just before the market opens, then use all your available margin to buy junk like NVTA, SPCE, and NIO while pounding your chest and screaming "YOLO" and "FOMO" at the top of your lungs. #NotInvestmentAdvice #NoSeriouslyThisIsNotInvestmentAdvice Idk, even Bloomberg featured a piece this week about r/wallstreetbets and the Microsoft options being touted on there ;D Link to comment Share on other sites More sharing options...
Spekulatius Posted February 15, 2020 Share Posted February 15, 2020 Warrants 8x bagger right now. Why did I sell most of my beer-sized position at 3x and 5x? ::) Oh, right, to buy the beer! 8) For those older German speaking folks: Nur eenen wönzigen Schlock! Link to comment Share on other sites More sharing options...
Spekulatius Posted February 15, 2020 Share Posted February 15, 2020 Best way to trade this market is to snort a line of cocaína just before the market opens, then use all your available margin to buy junk like NVTA, SPCE, and NIO while pounding your chest and screaming "YOLO" and "FOMO" at the top of your lungs. #NotInvestmentAdvice #NoSeriouslyThisIsNotInvestmentAdvice LOL. This really deserves and upvote. Link to comment Share on other sites More sharing options...
BG2008 Posted February 18, 2020 Share Posted February 18, 2020 This stock has gone vertical Link to comment Share on other sites More sharing options...
Jurgis Posted February 18, 2020 Share Posted February 18, 2020 This stock has gone vertical Warrants 12 bagger now. :'( :'( :'( Link to comment Share on other sites More sharing options...
gfp Posted February 18, 2020 Share Posted February 18, 2020 IB says insufficient shares to short. Been some epic short squeezes recently! Link to comment Share on other sites More sharing options...
Gregmal Posted February 18, 2020 Share Posted February 18, 2020 Yea this, much like TSLA on this last spike to 900 and change has a lot of the hallmarks of the blow off top. Borrow rates have gone from basically a general collateral security, now either none(as indicated above) or HTB and 60%+ ranges. I've got some puts here from 12.5 and 18 that are still somehow indicating value, but are likely toast. Theres probably good money here if anyone can figure out a cost effective short, but I am not seeing anything. Even pairing the upper end with some calls is costing like $9 per share for a month or so of protection. Puts are juiced out. Despite all the danger, shorting some shorter dated out of the money calls is probably the best bet here. But I am not feeling that ballsy this morning. Link to comment Share on other sites More sharing options...
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