I own 3k shares and have the obligation to buy another 6k shares if stock is below $12.50 on April 16th.
But I do not think this company is stupid moron cheap because I don't know the true value of their consumer health data. I also didn't do my research on the company market cap and believed some article I read about the market cap and thought the market cap was around $3.5 billion when I bought in. That's the problem with SPAC because calculating the actual market cap of the company can confusing because of the pending merger and sometimes additional PIPE investment. I made the same mistake with CCIV and thought the actual market cap was lower. The actual market cap when I first bought VGAC was actually over $6 billion! Almost double what I thought the market cap was. Even at current $10.53 price, the market cap is almost $4.7 billion. For company that's losing money and will for many more years with questionable growth, $4.7 billion is pretty generous.
I honestly thought we would open up, but for now Nasdaq futures are off 1.25%.
We probably bounce between red and green until the gov releases inflation data this week.
I suspect they will reiterate "nothing to see here" because we like to pretend there is no inflation.
EYES is surging.
EYES seems to be up. I'll have made up for the losses godforsaken Tesla dealt me.
Buying the dip was so, so worth it.
Buying the dip was so, so worth it.
Well, that depends. Biden has mastered being of "two mouths" since Delaware is a "blue" state but it also is very very corporation friendly and was our own island paradise for naughty shell companies.At the end of the day today, the QQQ's pulled back from $313.75 to $311.77, about 1.5%, but it was up nearly 4% for the day!
In trading lore, thats called a "rip your face off rally" when the entire market goes up near 5% in one session. It is what bears fear the most. Supposedly it was fueled by a drop in the 10 year bond yield. The talking heads on CNBC said that since the 10 year bond is facing resistance at 1.6% (wont go above), and that is good for the market. Also since Japan is keeping its zero percent money that bond traders over there are buying our bonds, thus causing yields to fall. Although we are about to issue an additional $1,9T debt who knows how long that will hold up. We currently stand at $28 TRILLION in debt before the new issuance. A triple since 2008!
But I have a funny feeling today is simply a bear market rally. Once the stimulus bill is signed, dems are going to focus on gun grabbing and tax increases to pay for a socialist-progressive agenda.
I was really tempted to trust the market, but all I can see are intraday trades, not much more for now. And when I try to buy and hold a stock thats up already 22-49% in one day the chances I lose money on the trade go up a lot.
There be much more "heart-tugging" for the next two years.
Why not go talk about socialism in P&N where you can have your ass reamed and maybe learn something in the process?I know what you are saying. Socialism is about feel-good-ism, no matter if its logical or not.
Arguably you will never get everyone to agree on what is logical but the bottom line should always be "how much is this free stuff going to cost me?" A 55% federal tax rate?
Felix is socialist virgin just like many other Americans. I am not.Why not go talk about socialism in P&N where you can have your ass reamed and maybe learn something in the process?
People are trying to redefine the word socialism to mean "anything that I don't like". Therefore, by definition, socialism is bad in their views. I prefer a cleaner more classical definition; if I were to oversimplify it then socialism is government ownership of business. Even if we had a 55% tax rate, that still isn't socialism--that is a terrible tax rate in capitalism. Big difference.Seems like no one can get the difference between a welfare state and a socialist one.
Scratch that, reverse it:People are trying to redefine the word socialism to mean "anything that I don't like". Therefore, by definition, socialism is bad in their views. I prefer a cleaner more classical definition; if I were to oversimplify it then socialism is government ownership of business. Even if we had a 55% tax rate, that still isn't socialism--that is a terrible tax rate in capitalism. Big difference.
Felix is socialist virgin just like many other Americans. I am not.
Seems like no one can get the difference between a welfare state and a socialist one. The former just means more bureacracy but no real expansion of interferenc in the lives of the constituents or expansion of government powers. Socialism is de facto consent to tyranny and statism. The taboo and "the dichotomy" is fundamental to all forms of Marxism and the justification of subjugation.
Mother grew up in Communist China, so I have exposure to anecdotal evidence and testimony on what really went down from the inside out.The fuck are you talking about? How many socialist democracies have you lived in, or grown up in? How many communist states have you lived in?