Yeah volume is brutal. CCIV was hitting 100M volume every day in January and now its like 1/10 of that.

I'm looking at fairly big name SPACs and they've got 20-50k volume for the entire day thus far. That is nuts

The other day AVAN warrants had 25K volume lol. Glad I dipped out of that one

IPOF thrusters engaging

What kind of debt mostly? If revolving and more than 10% interest, why not pay off that sooner? Makes the stock market so much more enjoyable knowing you have no debt that is kicking your ass on the backside. Plus the additional risk from the market. That would drive me crazy.

I'm sitting on $143k mortgage debt at 3% on a 40 year lol. I don't see any point paying off my house anytime in the next few years. Inflation will be my friend.Holding 600 shares at $17 until death. Learned my lesson and should have sold when it was $40+. Waiting for Lucid to start producing..

lmfao calls up 40% yeah buddy!

Don't feel bad about CCIV we all left enormous gains on the table except Tennis. I had 6700 shares @12.65 and limp dick sold at 33ish.

Damn, that's still around a 161% gain before taxes.

I'd say that was a pretty good risk minimizing move considering where it's at now. Could have bought it today and yesterday for a new position and still bank in the next 2-3 years.


I went from up 276% and now up 14% lmao.

No taxes in TFSA accounts here so all of the gains were tax free just hurt a) watching it go to 60 and b) knowing originally I was going to go all in warrants around 3.70 and they went to like 45.

This is more or less why I may seem stress free even bagholding 6 figures of red right now, I have no debt except for the 14K I leveraged on my LOC to buy stocks and that's 4%/yr and I'm still up around 100K including this IPOF bag.

Honestly FTOC 5/21 $10C for $25/contract seems pretty good. Could easily double assuming we get something of a bounce or some sort of news in the next month or so.

IV is legit at 18... lmao

That is just with cciv, once lucid starts producing and things are finalized with the merger I'm guessing it will shoot back up. Probably take some profits when it gets back around $40-50 a share, if it does. Luckily don't need the cash right now so don't mind waiting.


Gotcha, then makes sense why it you put it in the market rather than paying off debt. That's not much, I would have done the same.

Wow I did not realize canada did that. Is there a catch? lol


Yeah I would be salty about that

Why pay debts when its all about Biden paying them for you?

Private loans are the devil. And tbh I don't think Biden is gonna forgive mine since he will likely put income limits on forgiveness which is stupid. Although I'd potentially consider either quitting my job or taking a leave of some sort if I had to lower my yearly income enough to qualify and it would be totally worth it. I've got the money sitting in commons... I could just live on that and not work for a few months and I'd be down for it lmao

You can't trade some securities within a TFSA, pink sheets for example. Outside of that the only real hindrance is the amount that you're allowed to contribute yearly into the account, gains within the account are tax free though.

I'm out here tryna buy some BWAC warrants and these jerks are moving the 4th decimal point to try and get ahead of my order lmfao.

Looool. Not gonna lie I did that the last time I bought avan.

I'm somewhat doing it too hence im buying at 0.7822. At least when I started it I was doing it with the 3rd decimal.

doing it with PTICW as well with my 0.7301 order ayyy

Da fuk my FTOC warrants rocketed up almost 30%... Commons didn't budge sooooo why?

dang brah, that's rough. And I get it. You are doing the responsible thing. Didn't realize you were on margin. That would for sure eat away at me. If you're willing to put in $5k, you should look into PMCC's. Can be fun and keeps you engaged (if you DONT want to check on the market, then I don't recommend lol)

SPACs R BAKE

(obv hyperbole)

I've switched my common sells from first in first out to last in first out. Hoping that my ETAC and CRHC commons will get to the 1 year mark and I'll have capital gains instead of short term. Ideally all my warrants are going to become the long leg on my PMCCs once the PRE-DA companies I'm holding merge. Would be HNNNNNG if I can just hold these fukers I'm buying at 70-99 cents a warrant and eventually sell $12.5, $15, or $17 CC against them and basically make my warrant purchase money back every freakin month for up to 3-5 years

Your dad doesn’t mind the tax aspect?

Interest Rate x Margin Debit / 360 = Daily Interest Charge

TDA rates vary based on the amount of margin being used, but let's just say you had $25k on margin, it would be 9%. So every day it's on margin, you are being charge $6.25, so $150 would take 24 days of $25k being on margin.


as for PMCC's, to make it as simple as possible there are two ways to go about it depending on your style and ability to manage.
Spoiler!

How about the strategy of PMCC with warrants? Do you think my plan is viable or nah?

My main concern is that obviously "ITM" with warrants means the underlying has to be at least $11.5 for them to start having intrinsic value. So I don't think I could dare sell $10 CCs because I could get wrecked on those I think... otherwise I think I should be good assuming $12.5 are somewhat close to the current common price

just be going started ? Are you living under a rock ? We are in a crypto bull run since last year after corona crash

Most people going into crypto is a clear sign to gtfo of it imo. The big bucks were made alrdy and you are late to the run, now its about who is gonna be left with the bags

everyone and their dog are talking crypto now, all my friends have crypto brokers, its late imo

Agree. I was thinking about putting some in crypto but you just know now your be late to the party. The gains will be measly as the big gains have already been made.

Just crazy if you had a few shares of DOGE you would have made triple digits since last year!

But crypto is getting mighty popular. With the stock market being butchered it doesn't really bode well for new young investors, they will probably head to crypto instead!

How do you read that and presume market crash? If anything, to me, it says the opposite. The situation is completely opposite of the problem we had in 2008 regardless of whatever that idiot posted. The fact he wrote alllllll that up and at the end his conclusion was "Buy GME" is mostly retarded. The fact of the matter is there is more money in our system and more liquidity than ever before. Money is legitimately becoming more and more worthless each day and it is noticeable EVERYWHERE. Everything is about to get a lot more expensive to buy and no one even cares because there are more dollars in their bank accounts than they've had in the previous few years and they feel comfortable. So he is partially right that buying equities is probably smart, but I'd rather buy profitable or big growth companies instead of GME.

But seriously have you tried to book a flight in the last few months? Go book a flight you've made in the last 2-3 years and see how the price compares to previous. I promise it probably costs 2-3x whatever you used to pay for it.
Go order food somewhere. I used to get Qdoba and I think it used to cost like $8 for a meal and now its almost $10.
Do you enjoy powersports? Try and buy a new or used dirt bike, boat, jetski, RV, or snowmobile. All prices have gone up across the board.
Like buying vehicles? Try buying a used car or truck prices have been going up for the last year or so for used vehicles. There is a thread in the automotive section about it. There are a ton of people in there that have noticed it as well.

If anything this at least makes me more confident that new companies coming to market are going to run up fairly hard so as long as the SPAC management teams can get a moderately good valuation SPACs should continue to remain viable for the foreseeable future.

Hmmm Gik merger approved so ZEV is going to be the new ticker within the next 30 days. IMO there is big potential for those $10 calls... 30% of shares got redeemed