That is why I hate buying low cash stocks, VUZI did a shelf offering! Not holding any, might buy it back again.
Alright Stoney... I am officially adding a little known (I've brought it up here before) stock to the Gummies 4 Grandma portfolio. Its a tech, its into video games, and it's finally cheap enough. Drumroll: Playtika @ $25 $PLTK https://www.elitetrader.com/et/threads/playtika-holdings-corp-pltk.355180/ The portfolio needs some video-game exposure. This one has a lot of room to run. Books are solid, P/S at 3ish, and... they make a profit. As always, these are not get rich overnight stocks.
Current Gummies-4-Grandma Portfolio (entry prices) BERRY $49 LUV $42 SJM $114 SNAP $37 TWLO $255 CGC $18 EBAY $49 CHWY $65 ABB $29 CPNG $49 New: PLTK $25 edit.... give Coupang a little time lol. I need an energy stock in there. hmmm. edit #2.... I thought I put ISRG in there. Well it needs to be in there. so ISRG is also officially in at today's close. $704
"Foley Trasimene Acquisition Corp. II Announces Stockholder Approval of Proposed Combination with Paysafe" "Following the completion of the Business Combination, the newly combined company will operate as Paysafe and trade on the New York Stock Exchange (NYSE) under the symbol “PSFE” and is expected to start trading on Wednesday, March 31." https://www.businesswire.com/news/h...Approval-of-Proposed-Combination-with-Paysafe
Do you think Van this is a thuderstorm on the tech sector or more like a tornado that will devastate everything.
I'd like to look at their financials. I found a good explanation of who they are. https://www.paysafe.com/fileadmin/content/pdf/As_filed.pdf I'm curious as to why there has not been a volume spike. The merger was pretty much a given. Their story sounds cool, but one would be remiss to not look at the nuts and bolts behind the story. I doubt this has flown under the SPAC radar. There must be a reason it hasn't started back up, aside from this week's sell-off.
No I believe in tech long term. The chip shortage says it all, and there will be massive spending this summer as states, municipalities, schools, etc, spend the hundreds and hundreds of billions they are receiving from the Covid Relief Bill. So no, neither a storm nor a tornado, just the market doing its thing. Teaching the uninformed a lesson about value, or more appropriately, valuations. There were (are) a lot of paper tigers out there regardless of what long term rates do or do not do. They'll all come down. In the end, water always seeks its level. Always.
The nasdaq composite is down about 8% from its highs. AMZN, GOOG, FB, AAPL, TSLA, and MSFT make up nearly 50% of the Naz 100 index. Good stocks really, which help the rest rise and fall with the tide. There's definitely a disconnect between what we are told (ie a quote on the Q's), and what is actually going on however. For that very reason. So in that regard, I guess its more accurate to call it a stock picker's market at this point; on both the buy and the sell side. So maybe the Naz won't go red tomorrow. If the big money want the big 6 (above), up we go. A rising tide lifts all boats. Thing is, many of the popular wsb/reddit stocks aren't in the Naz 100. Most aren't. Those are the ones that the "water" will continue to "seek its level" on regardless of the broader index.
Aeva never started back up before the ticker change day either. I couldn't figure it out, but Aeva was completely flat and then it just spiked fast when the ticker changed.