this bubble is about to burst, a crash correction is coming. SELL EVERYTHING NOW. its time to SELL HIGH and wait for the LOW.
OT: Lets talk about stocks (Part 2)
- Thread starter Lshap
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Grate n Colorful Oz
Hutson Hawk
I think you're wrong about the competition although I do think Lion will become big because the market will become really big in the next two decades. Outside of the already existing big corp truck builders and the auto manucturers who are transitioning towards electric, there's also competition in start-ups like Nikola Motors, Workhorse Group and Hoshkosh corporation.
Still, Lion will be one of my main buys over this year. Their plan seems solid and they're not going on prototypes. Their E-buses have already a lot of good mileage.
Right, so I've noticed based off my previous spac purchases that during the warrant exercising period, most post spacs drop in value as many initial investors are selling out and capitalizing on their gains by excercising their warrants. I like the company but I will wait it out a bit for the "weak" holders or the smart ones lol to get out first.
Anyway none of this will matter if you have a long term horizon
Grate n Colorful Oz
Hutson Hawk
Grate n Colorful Oz
Hutson Hawk
llamateizer
Registered User
It's cheaper to rent than own.
The extra money, you can invest.
My house gained 50% of value in 7 years.
I'm sure that I would've gained more if I invested my cashdown + the extra expenses that occurred
llamateizer
Registered User
It's just the beginning.
Yes Crypto is going to crash.
It's a dot com bubble. 90%+ will crash.
Majority of my investments are into BTC/ETH (sadly too small)/ADA
The goal is to have an exit plan.
Also invested in CAKE and OMI
BTC, I have no plan as I'm HODLing.
ETH, will take back my capital + small gains around 7-8k
ADA, selling 50%. I believe in the project, but alt coins should go up then crash.
CAKE, it's for liquidity and high APR, will try to get out this year. Optimally before the BTC rally.
OMI, it's a long term project that I believe in it.
QuebecPride
Registered User
Is your house fully paid, or somewhat paid off? You could do a little refinance and invest that in the market. Not sure about selling the house though haha.
QuebecPride
Registered User
QuebecPride
Registered User
Grate n Colorful Oz
Hutson Hawk
Nah, last meeting to approve the merger was friday morning on the 23rd of April. News came out later that day, so any NGA stock that was bought afterwards were then the future LEV stock.
I've been following this closely for months.
On thursday the LEV stock came out. Merger was confirmed two weeks ago.
The Lion Electric Co. (NGA) – Northern Genesis Acquisition Corp.
Last edited:
QuebecPride
Registered User
Lion Electric Closes Business Combination with Northern Genesis Acquisition Corp. and will Debut as a Publicly Traded Company
NEWS PROVIDED BY
Lion Electric
May 06, 2021, 17:00 ET
Grate n Colorful Oz
Hutson Hawk
QuebecPride
Registered User
I am indeed. But maybe it's just a definition that I have wrong, they did announce some part of the SPAC on Thursday, notably that Power was doing a private placement before it entered the public markets. From my perspective it was new info, but I might not have been as informed on the newswire than you were.
llamateizer
Registered User
Thank god I diversified my portfolio.
I have 2x more profit with ETH with 10x less investment compared to BTC
my dividends stocks gains are cancelling my growth stocks losses.
Almost converted my AT&T stocks to TSLA.
17% gains already in 2.5 months.
waiting a few days/weeks.
I have 2x more profit with ETH with 10x less investment compared to BTC
my dividends stocks gains are cancelling my growth stocks losses.
Almost converted my AT&T stocks to TSLA.
17% gains already in 2.5 months.
waiting a few days/weeks.
QuebecPride
Registered User
Hedge funds killing us retail investors in growth stocks right now. Waiting another two weeks to add again
Mrb1p
PRICERSTOPDAPUCK
BTC will peak soon too. Its such a good time right now.
llamateizer
Registered User
yep. crazy. I bought in at ATH at 1850 and still doubled my investments
.It corrected to 15-1600 the day after.
sadly it's a small bag of ETH I have.
Not sure what hedge funds have to do with anything. These companies were trading way, way above fundamentals. And most are still way overvalued, and trading well above 1Y ago. GME was 4 bucks 12 months ago, TSLA was under 160, AARK was 50 bucks, MVIS under a dollar. All propped up by irrational exhuberance and the belief that "growth" companies don't need underlying, fundamental support.
Retail did this to themselves. They bought these shitty companies - GME / AMC / BB for instance are objectively shitty company's - got greedy, and lots will be left holding the bags. And just wait until retail realizes that this melt is going to continue for a long time. Money is going to exit fast.
This is 2000 all over again. I remember working the floor at a warehouse, 20 years old and a bunch of the forklift drivers were day trading. Retail was all in on tech. These guys were all stock market experts and making bank.
Guess how that all ended? For those to young to remember, retail and other money piled into shitty companies, those companies were in fact shit, and the Nasdaq went from 5K to 1500 K in one year. Took 14 years to recover.
Looks exactly the same pattern to me.
Just to double down on the above....
TSLA is like 1% of the worlds car production, has a 16 share of the EV market, soon to be surpassed by VW. Most of their recent quarterly profit came from selling BTC and EV credits. And yet their market cap is greater than all other NA manufacturers combined. No way that is sustainable, at the end of the day a growth company needs to get to profit at some point.
TSLA is like 1% of the worlds car production, has a 16 share of the EV market, soon to be surpassed by VW. Most of their recent quarterly profit came from selling BTC and EV credits. And yet their market cap is greater than all other NA manufacturers combined. No way that is sustainable, at the end of the day a growth company needs to get to profit at some point.
QuebecPride
Registered User
yep. crazy. I bought in at ATH at 1850 and still doubled my investments
It corrected to 15-1600 the day after.
sadly it's a small bag of ETH I have.
Yeah same, I have invested like 45$, now nearly doubled lol. Too bad it's just pocket change, but it could also have halved in that same timeframe
LEV went down 2% today, hopefully my contribution comes in tomorrow and I can finally invest in Lion
mariolemieux66
Registered User
Mrb1p
PRICERSTOPDAPUCK
I took some profit on ETH, ADA and LTC. 25% in each more or less.
All three crashed hard just after lol. Im kissed by the crypto gods.
All three crashed hard just after lol. Im kissed by the crypto gods.
llamateizer
Registered User
I checked my ADA transactions and did some graphs (I like graphs). I sold 2/3 of my holdings. I wouldve made as much if I HODL with the current price.
I sold some of my ADA to get in OMI as I needed liquidity. And it was a horrible move hehe
I sold some of my ADA to get in OMI as I needed liquidity. And it was a horrible move hehe
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