What other tech stock to consider?

[vikings123]

Why exactly are people investing in PLTR?

I understand ARK thinks the company has great growth prospects but how exactly are they different from the zillion other “data and AI” companies out there?

I’m seeing a lot of the TSLA crowd on Twitter also open positions in PLTR so not sure if this purely a momentum play. Valuation is rich too.

As part of my research I found this in depth research on PLTR. It’s a good read.

Palantir Technologies: Ignore Gotham City and Focus on Foundry’s Untapped Potential

 

[MXWing]

Aboslutely kicking myself for not having a GTC limit order in place for a scenario like this.

I have a feeling this won't be the last time something like this happens with CCIV. Maybe magnitude won't be as elevated but people getting stopped out seems like a daily routine.

 

[bkp_duke]

I have a feeling this won't be the last time something like this happens with CCIV. Maybe magnitude won't be as elevated but people getting stopped out seems like a daily routine.

Could be. I've freed up a good bit of margin lately, might need to put in a low limit order for CCIVWS.

 

[corduroy]

I opened a warrant position in STPK Monday and plan on buying shares on any dips. This is not a SPAC play for me, but a long term hold for a growth company in energy storage. Seems like a good pairing with my TSLA investment.

Kind of a fluffy article, but lays out the bull case Buying Stem Stock Here Could Be Like Buying Tesla 10 Years Ago

 

[JRP3]

So all Stem does is produce grid predictive and bidding software? They don't build or install batteries or anything? If so that's nothing like Tesla.

 

[Tes La Ferrari]

Could be. I've freed up a good bit of margin lately, might need to put in a low limit order for CCIVWS.

I put one in too; right after the Friday afternoon bear raid, but I can't help but to think that in the event of something going sideways with the merger - the warrants would go to a theoretical zero, while the stock would be worth $10.

Still holding my CCIV position. Looking forward to next week.

 

[ZeApelido]

So all Stem does is produce grid predictive and bidding software? They don't build or install batteries or anything? If so that's nothing like Tesla.

Yeah I don't know think their "AI" has any moat.

 

[ckessel]

I put one in too; right after the Friday afternoon bear raid, but I can't help but to think that in the event of something going sideways with the merger - the warrants would go to a theoretical zero, while the stock would be worth $10.

Still holding my CCIV position. Looking forward to next week.

The warrants cost $11.50 to exercise. If CCIV is at $10, the warrants have no intrinsic value (maybe some time value). CCIV would have be above $11.50 to make exercising the warrants useful.

 

[chronoreverse]

Yeah, you're basically taking a bigger risk for a potentially higher gain.

 

[pz1975]

I put one in too; right after the Friday afternoon bear raid, but I can't help but to think that in the event of something going sideways with the merger - the warrants would go to a theoretical zero, while the stock would be worth $10.

Still holding my CCIV position. Looking forward to next week.

Warrants wouldn’t go to zero. It is like a $11.50 LEAP with an expiration in 2025. They would be worth $0.75 at minimum I think if the SP dropped to $10. It’s like if TSLA dropped to $100 - a 2025 $115 LEAP would be worth way more then zero.

The lowest the CCIV warrant ever traded was $0.93. So with some loss of time value, I would expect a floor would be $0.75-0.80 for them.

 

[bkp_duke]

As of an hour ago:
Lucid Motors Is Said to Near Deal to Go Public via Klein’s SPAC

Doesn't actually contain anything new, just "sources" close to the matter reporting it is close. We'll see if something interesting happens to the stock come Monday. I've put in a relatively large (for me) GTC Limit order on CCIVWS for ~$16. Just in case there is another bear raid.

 

[golfcart]

That's clearly manipulation isn't it? They just triggered all the stop loss orders and then bought in?

My buddy got screwed on that he had 3000 warrants with a $25 stop loss that are all sold now. He got back in at $31.xx but that’s $20k he’s not getting back.

 

[bkp_duke]

My buddy got screwed on that he had 3000 warrants with a $25 stop loss that are all sold now. He got back in at $31.xx but that’s $20k he’s not getting back.

Ouch. And looking at the charts, it was mainly just the warrants that they raided. The shares had a moderate drop, but nothing like the warrants.

 

[UCF3]

Ouch. And looking at the charts, it was mainly just the warrants that they raided. The shares had a moderate drop, but nothing like the warrants.

If you look at the Friday chart for CCIV didn’t the large drop happen right around 3:00 pm? Seems to me like Robinhood went through and closed out all the 2/19 call options that were in the money but the kids didn’t have funds to execute. There were a lot of these options

 

[bkp_duke]

If you look at the Friday chart for CCIV didn’t the large drop happen right around 3:00 pm? Seems to me like Robinhood went through and closed out all the 2/19 call options that were in the money but the kids didn’t have funds to execute. There were a lot of these options

Good observation. Could be, but compare that to CCIVWS, the drop is massively larger.

 

[golfcart]

Ouch. And looking at the charts, it was mainly just the warrants that they raided. The shares had a moderate drop, but nothing like the warrants.

Yeah I wonder why. We had talked about stop losses but I never bothered to put one on and I’m glad now that I didn’t. It is kind of a catch-22 though because I don’t want to have that happen to me but I also don’t want “no deal” news to come out and be left with relatively worthless warrants. I suppose that’s why I sell a little bit as it goes up... it makes me feel better to take some guaranteed profit. I already sold some of my warrants at $40 but holding most for confirmation.

 

[bkp_duke]

Yeah I wonder why. We had talked about stop losses but I never bothered to put one on and I’m glad now that I didn’t. It is kind of a catch-22 though because I don’t want to have that happen to me but I also don’t want “no deal” news to come out and be left with relatively worthless warrants. I suppose that’s why I sell a little bit as it goes up... it makes me feel better to take some guaranteed profit. I already sold some of my warrants at $40 but holding most for confirmation.

https://www.bizjournals.com/sanjose...ac-merger-agreement-said-to-be-days-away.html

The next chapter of this story may be written this week.

 

[Tes La Ferrari]

Good observation. Could be, but compare that to CCIVWS, the drop is massively larger.

I wonder if warrants aren’t halted when the stock is ? The warrant drop looks like it went well beyond the scope of a stock halt.

 

[bkp_duke]

I wonder if warrants aren’t halted when the stock is ? The warrant drop looks like it went well beyond the scope of a stock halt.

Good point. I was watching in real-time when this happened, and the trading on warrants was not stopped.

 

[Cosmacelf]

Is is just me, or do all of Cathie Wood's ETFs track the same? Maybe because they're so TSLA heavy? I think TSLA is the major component of ARKK, ARKW and ARKQ, just not Fintech and Genomics. Still, I think she's had some rock star results.

For a fund, she has had rock star results, and the huge inflows into her funds reflect that. I suspect you are right that TSLA swamped ARKK, ARKW and ARKQ and ARKF and ARKG didn't rise as much because they didn't have TSLA. TSLA's 18 month rise was very unusual, and won't be repeated again in the near future for such a large company. It was obvious to all of us how valuable a company it was, but it took a confluence of events for the rest of the world to see it.

That's why investing is so fun. If you do a lot of due diligence, you can spot companies that you just know are undervalued.