Author Topic: What are your moonshot investments?  (Read 9487 times)

lemonlyman

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Re: What are your moonshot investments?
« Reply #50 on: January 25, 2021, 08:56:14 AM »
Oof. Market makers are just playing with shorts. AMC, Blackberry, Gamestop...

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #51 on: January 25, 2021, 08:57:47 AM »
I only read one fascinating post about the market structure problem for market makers, so I hope others can describe it better.  Apparently market makers want to limit their losses... they sell you a $50/sh call option, then buy a $55/sh call to limit their loss.

Wall street bets has pushed the stock price above the top call option price.  So the market maker sells the $60/sh call option, but they are completely exposed.  The more the stock moves up, the more they lose.  And there's nothing they can do about it, because there's no market to protect their exposure - the market is trading at the edge.

Today an attempt was made to repair that by adding call options up to $115/sh.  But the stock doubled today, in a few hours of trading.  So the stock price is again well over the top call option price, and market makers are again exposed to unlimited losses they can't hedge.  Since most of the trading is at the edge of the market, there's nothing of a higher price to buy.

This does seem to be a unique event, but I have no idea what happens next.  Buffet mentioned he doesn't participate in a market when the rules change and he no longer knows what they are... that seems to apply here.

bwall

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Re: What are your moonshot investments?
« Reply #52 on: January 25, 2021, 09:42:50 AM »
That's a good explanation, thank you. Now I understand.

Going long the top call strike price was the last chance for the market makers to hedge any underlying position. Once the stock blew through that number, there was much wailing and gnashing of teeth--an no ability to hedge a naked position.

In the first hour of trading GME clocked in at $158 (!). I see more fortunes changing hands this week. The talk is still of the short squeeze is yet to happen. Any short covering to date just frees up more shares available to be shorted at a (increasingly attractive) higher basis. Until the short interest actually drops (how often is short interest reported?) the real short squeeze has yet to hit.

My participation is limited to a bag of popcorn.

ChpBstrd

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Re: What are your moonshot investments?
« Reply #53 on: January 25, 2021, 02:47:01 PM »
Optimiser - Game Stop (GME) surged +51% on Friday as billions of dollars of their shares were traded.  Looks like r/wallstreetbets got their wish, although I doubt they have that kind of money.
According to multiple news sources, they do have that kind of money.  They have apparently cornered the market enough that those with short positions can't cover.  So those who shorted the stock are watching as they lose multiples of their original investment, and can't get out - there aren't enough shares available to buy.


ChpBstrd - The stock has moved so fast, it left the options market behind.  Going out 2-12 months, I see options peaking at $60/sh or some $75/sh ... with the stock at $88/sh.

Many fortunes changed hands over the weekend. 1/22 calls topped out at $60, so every single strike price closed in the money. 1/29 expirations top out at $115, inter day high at $101. As i was writing this, the interlay high went to $108 with 25,000 options contracts changing hands at $115 strike price.
If the common can get close to $115, then we'll see another gamma squeeze later this week. If a short looked attractive at $40, imagine how it looks now at $90. 

Shorts aren't forced to cover if they can meet the margin call and institutions have the resources/lines of credit to meet the margin call if they so choose. So I think the short squeeze hasn't occurred yet. (!)

I read some chatter about the market makers being the ones that have had the screws put to them the most. They offered shares for short sale and are now forced to take a net long/short position or mark huge losses. I don't quite understand the infrastructure of Wall St. entirely, so it's a bit vague to me.

@bwall you allude to some interesting questions:

1) How did the market makers offer more shares to short than were in existence? Presumably they used derivatives, like long call options bought at the low strikes, to offset the risk of loaning the obligation to supply shares to someone else, earning high interest rates for doing so. What is the expiration date of those call options?! In theory, the market makers have not suffered major damage yet - their calls went up while their liability also went up - but now their options are expiring. Can they just roll their calls to a future date and let the shorts continue to hold out? Does the interest rate paid by the shorts cover the enormous IV now priced into GME calls? If some of the shorts declare bankruptcy....?

2) We retail investors seem to think hedge funds like Citron short stocks the same way we do, and that there's a broker who will automatically liquidate their positions or require more collateral if it falls a certain amount. It might work more like, the hedge fund borrows money at 2 or 3% and puts its diversified portfolio up as collateral for a short position. If the short position does awful, due to a short squeeze, then the hedge fund can either give up its collateral to cover the cost of exiting or continue the loan for a longer time if they have not yet hit limits on the value of their collateral. If this is the scenario, and the hedge funds have long positions that are rapidly appreciating or more capital they can deploy, then they might be inclined to try outlasting the short squeeze. 

Icecreamarsenal

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Re: What are your moonshot investments?
« Reply #54 on: January 25, 2021, 06:24:53 PM »

SENS only FDA approved continuous glucose monitoring


Is this right?  My wife is Type 1 and wears a Medtronic CGM and insulin pump. Dexcom also makes a very popular combination pump and CGM system.

It's not right.  The stock shot up recently because a regional health care insurance provider approved coverage for their particular monitor.
I'm out of the position with a healthy profit.

Optimiser

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Re: What are your moonshot investments?
« Reply #55 on: January 26, 2021, 03:10:11 PM »
I'm feeling really good about my GME stock right now. I obviously wish I had put more in, but what a wild ride.

markbike528CBX

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Re: What are your moonshot investments?
« Reply #56 on: January 26, 2021, 03:24:59 PM »
PTF
I have a "moonshot" but I'll wait until the GME stuff dies down.   
Wish I was long on a short squeeze....   but I'm retired and don't have time for that sort of stuff.

bwall

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Re: What are your moonshot investments?
« Reply #57 on: January 26, 2021, 07:52:49 PM »
@ChpBstrd : Thank you for the possible explanations . I think that #1 & #2 as you describe them seem to be imminently reasonable.

By the River

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Re: What are your moonshot investments?
« Reply #58 on: January 27, 2021, 09:28:06 AM »
Gamestop, bought around $5. Hoping it reaches 20s. It was close at 16 until past earnings when dropped. Christmas earnings should help.

I just read this thread today and saw this entry.  I thought great job, then I saw that you sold out at 32 and 39 price points.  Still a very good job on the trades.  Hindsight is 20/20 and all that. 

lutorm

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Re: What are your moonshot investments?
« Reply #59 on: January 27, 2021, 03:50:08 PM »
My moonshot investment is my employer.... if for no other reason than that they keep giving me stocks faster than I can get rid of them...

joe189man

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Re: What are your moonshot investments?
« Reply #60 on: January 29, 2021, 09:37:11 AM »


MIND - Microcap that used to be in seismic leasing for fracking ops, got beaten down along with the industry, pivoted into marine sonar technology by purchasing Klein. Now they are seeing interest from governments who have begun to make orders. As a microcap it has the potential to more than double if they become a trusted name in marine sonar. Debt is minimal to non-existent.

CVM - just completed datalock on a long term cancer study. They are surging right now and probably will continue to do so. If the news is good, share price will go from the teens to close to/over a hundred. I'm unable to suss out whether or not the news will be good, but I like to have huge upside.

ORRCF - a unicorn of copper/gold mines, massive open pit in a friendly place - junior miner that will be prepping the site to sell to a major FCX or GOLD.

IPOB - Opendoor. Ibuying. Realtors simply do not provide value on par with the fees they earn, and this is likely the company that will be making the market more efficient. Time horizon to become a multibagger is likely more drawn out, but all the right people seem to be involved from Chamath on down to the rest of the team.

BTWNU - Peter Thiel SPAC focused on acquiring SE Asian startups. Peter Thiel has a good track record as an investor to put it mildly. I am purely on board to piggyback on his nose for sniffing out transformational companies in position to change the game. It's still close to the net asset value that SPACs enter the market with.

For MIND and ORRCF, I piggybacked on the research of Mariusz Skonieczny who might seem unprofessional but certainly makes sound arguments.

I have selected these companies because I think they are in the early innings of success.

IPOB is the most valuable at 1.3b and the others are mostly too small to merit any attention from institutional investors.

@J Boogie hopefully you bought ORRCF this summer at $0.15 - its trading at $1.5x today for 10x - these type of returns are not out of the ordinary for junior or exploratory mining companies, but i have also seen them not be bought by the major players and then they have to do the work and develop the mines on their own. it looks like no 43-101 documentation has been completed and the data available is for resource estimates only, no current or proven reserves. the project is also directly adjacent to a river, which can complicate an already complicated permitting process in Mexico

Mexico can be a great or dangerous place to be a miner, penasquito - a newmont mine -  has had several shutdowns over the years due to labor strikes with damage to the facility. i worked with consultants that visited a mine north of durango, mx where they had to fly to the mine, because driving by car was to dangerous due to cartels fighting for territory. you never know

with that said, i plan to invest in some junior miners this year

BoostJunky

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Re: What are your moonshot investments?
« Reply #61 on: January 29, 2021, 04:49:13 PM »

@J Boogie
with that said, i plan to invest in some junior miners this year
[/quote]

thoughts on which?

I love taking money I normally would blow in a casino and giving it a shot on these.

J Boogie

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Re: What are your moonshot investments?
« Reply #62 on: February 02, 2021, 09:22:24 AM »


MIND - Microcap that used to be in seismic leasing for fracking ops, got beaten down along with the industry, pivoted into marine sonar technology by purchasing Klein. Now they are seeing interest from governments who have begun to make orders. As a microcap it has the potential to more than double if they become a trusted name in marine sonar. Debt is minimal to non-existent.

CVM - just completed datalock on a long term cancer study. They are surging right now and probably will continue to do so. If the news is good, share price will go from the teens to close to/over a hundred. I'm unable to suss out whether or not the news will be good, but I like to have huge upside.

ORRCF - a unicorn of copper/gold mines, massive open pit in a friendly place - junior miner that will be prepping the site to sell to a major FCX or GOLD.

IPOB - Opendoor. Ibuying. Realtors simply do not provide value on par with the fees they earn, and this is likely the company that will be making the market more efficient. Time horizon to become a multibagger is likely more drawn out, but all the right people seem to be involved from Chamath on down to the rest of the team.

BTWNU - Peter Thiel SPAC focused on acquiring SE Asian startups. Peter Thiel has a good track record as an investor to put it mildly. I am purely on board to piggyback on his nose for sniffing out transformational companies in position to change the game. It's still close to the net asset value that SPACs enter the market with.

For MIND and ORRCF, I piggybacked on the research of Mariusz Skonieczny who might seem unprofessional but certainly makes sound arguments.

I have selected these companies because I think they are in the early innings of success.

IPOB is the most valuable at 1.3b and the others are mostly too small to merit any attention from institutional investors.

@J Boogie hopefully you bought ORRCF this summer at $0.15 - its trading at $1.5x today for 10x - these type of returns are not out of the ordinary for junior or exploratory mining companies, but i have also seen them not be bought by the major players and then they have to do the work and develop the mines on their own. it looks like no 43-101 documentation has been completed and the data available is for resource estimates only, no current or proven reserves. the project is also directly adjacent to a river, which can complicate an already complicated permitting process in Mexico

Mexico can be a great or dangerous place to be a miner, penasquito - a newmont mine -  has had several shutdowns over the years due to labor strikes with damage to the facility. i worked with consultants that visited a mine north of durango, mx where they had to fly to the mine, because driving by car was to dangerous due to cartels fighting for territory. you never know

with that said, i plan to invest in some junior miners this year

I wish. I didn't get in Oroco until it was at a dollar and then got back in at 1.30 after taking gains at 1.60.

So far CVM has treated me the best and suspect it has plenty of gains ahead once the data gets published. I sold off a bit on the short squeeze but am buying dips back in.

phildonnia

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Re: What are your moonshot investments?
« Reply #63 on: February 02, 2021, 10:24:29 AM »
I put $40k in USO back in 2015, on the theory that it couldn't possibly get any lower.  That investment is now worth $15k.  Now it really can't possibly get any lower, right?  The "moon shot" is the hope that it will return to the 2008 price, though there's not much hope of that in the near term.   There's been a oil price-war between Russia and Saudi Arabia, followed by a huge drop in the demand for oil. 

ChpBstrd

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Re: What are your moonshot investments?
« Reply #64 on: February 02, 2021, 10:37:51 AM »
I put $40k in USO back in 2015, on the theory that it couldn't possibly get any lower.  That investment is now worth $15k.  Now it really can't possibly get any lower, right?  The "moon shot" is the hope that it will return to the 2008 price, though there's not much hope of that in the near term.   There's been a oil price-war between Russia and Saudi Arabia, followed by a huge drop in the demand for oil.

IDK. Myself and everyone I know is longing for the days of a post-COVID airline vacation. Thousands of people are set to return to commuting instead of working virtually. There is a case that the classic cyclical nature of the oil market has reached a nadir in the pandemic, and now the supply capacity needed to handle a post-COVID economic boom has shriveled.

markbike528CBX

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Re: What are your moonshot investments?
« Reply #65 on: February 02, 2021, 12:16:08 PM »
I put $40k in USO back in 2015, on the theory that it couldn't possibly get any lower.  That investment is now worth $15k.  Now it really can't possibly get any lower, right?  The "moon shot" is the hope that it will return to the 2008 price, though there's not much hope of that in the near term.   There's been a oil price-war between Russia and Saudi Arabia, followed by a huge drop in the demand for oil.

IDK. Myself and everyone I know is longing for the days of a post-COVID airline vacation. Thousands of people are set to return to commuting instead of working virtually. There is a case that the classic cyclical nature of the oil market has reached a nadir in the pandemic, and now the supply capacity needed to handle a post-COVID economic boom has shriveled.

COHN  bought 3/6/2008, hey I know they are heavy in CDO's, but this ($2/share x500 shares) has to be the bottom, right?
Two stock reverse splits later 5shares @18.4
Holding for entertainment and educational value only.   But COHN is currently down only 91%, which is better than down 98% as it was for a while.
Oh yea, it changed names and tickers for a while COHN to IFMI to COHN.  I found out later that they were mostly in 'junior tranches' - think bottom of the airplane or Ponzi scheme. 

EricEng

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Re: What are your moonshot investments?
« Reply #66 on: February 02, 2021, 01:02:19 PM »
Gamestop, bought around $5. Hoping it reaches 20s. It was close at 16 until past earnings when dropped. Christmas earnings should help.

I just read this thread today and saw this entry.  I thought great job, then I saw that you sold out at 32 and 39 price points.  Still a very good job on the trades.  Hindsight is 20/20 and all that.
Ugh, yeah.  I sold out before hearing about any of this Reddit stuff.  Missed out a potential huge gain had I hit peak.  Still did better than friend who bought in at $32, rode it until it crashed and will likely ride it into the ground...on borrowed money.

I did incidentally buy back in during the crash for around $200 when they restricted buying initially (Ameritrade let me oddly) and sold end of the day last Friday for $318 which is apparently the last  peak we will see in that realm.  Nice 50%+ return.  I was trying to buy when it was around $120 during that crash, but everything was overloaded and not responding.

joe189man

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Re: What are your moonshot investments?
« Reply #67 on: February 12, 2021, 10:58:06 AM »

@J Boogie
with that said, i plan to invest in some junior miners this year

thoughts on which?

I love taking money I normally would blow in a casino and giving it a shot on these.
[/quote]

The northern miner is a newsletter and website that discusses junior mining news often and can help in your selections

yachi

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Re: What are your moonshot investments?
« Reply #68 on: February 12, 2021, 12:57:04 PM »
LAZR.  I read a news article on the wiz kid who runs it, and it sounded like a good thing to get behind.  They're focused on building lidar on a chip to use for autonomous vehicles.  Google and Tesla have always differed on the correct technology for autonomous driving.  Google uses big lidar units atop its cars, and Tesla uses cameras.  Lidar seems better in every way except cost, and here is a company solving the cost portion.

effigy98

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Re: What are your moonshot investments?
« Reply #69 on: February 15, 2021, 12:05:58 AM »
I'm very happy with MSTR. Went in heavy around October and will probably build a Michael Saylor statue next to my pool in my retirement house.

markbike528CBX

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Re: What are your moonshot investments?
« Reply #70 on: February 15, 2021, 09:52:15 AM »
I'm very happy with MSTR. Went in heavy around October and will probably build a Michael Saylor statue effigy next to my pool in my retirement house.
FTFY, you're welcome.

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #71 on: February 15, 2021, 12:16:04 PM »
While I stuck to my strategy, that prevented an unbelievable return on MVIS.  During the pandemic I bought in around $0.21/share as a recovery play.  Some people realized the company's patents were a way to discover it's secret #1 customer, and that it partnered with Microsoft on a lucrative defense contract.  It's LIDAR was a key component, and the stock went up +600% before I sold.  Right now, within 1 year, the stock has reached the moon at $18.33/sh, so I only got 7x on an 82x stock (it was also a very small investment).

EricEng

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Re: What are your moonshot investments?
« Reply #72 on: February 17, 2021, 10:45:11 AM »
While I stuck to my strategy, that prevented an unbelievable return on MVIS.  During the pandemic I bought in around $0.21/share as a recovery play.  Some people realized the company's patents were a way to discover it's secret #1 customer, and that it partnered with Microsoft on a lucrative defense contract.  It's LIDAR was a key component, and the stock went up +600% before I sold.  Right now, within 1 year, the stock has reached the moon at $18.33/sh, so I only got 7x on an 82x stock (it was also a very small investment).
Looks like you got out just in a nick of time right before the drop due to new shares being issued:
https://www.fool.com/investing/2021/02/17/why-microvision-stock-plunged-today/

Icecreamarsenal

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Re: What are your moonshot investments?
« Reply #73 on: February 17, 2021, 01:45:29 PM »
Close to 6 figures paper gains on CCIV with an average price of 15.  At 58 right now...

mizzourah2006

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Re: What are your moonshot investments?
« Reply #74 on: February 17, 2021, 04:04:52 PM »
Close to 6 figures paper gains on CCIV with an average price of 15.  At 58 right now...

Nice! I stupidly wrote covered calls on all mine to protect my downside. I literally wrote the second set at $55 10 minutes before the run from $40 to $53, lol.

Both sets of my CCs are already in the money. Oh well the premiums brought my cost basis down to about ~$9/share and they'll get called away at $50 & $55. So a decent return on a ~$7.5k initial investment.

When all is said and done assuming my shares get called away that $7.5k I invested in mid January will have turned into about $26k.
« Last Edit: February 17, 2021, 04:22:12 PM by mizzourah2006 »

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #75 on: February 18, 2021, 02:59:38 AM »
While I stuck to my strategy, that prevented an unbelievable return on MVIS.  During the pandemic I bought in around $0.21/share as a recovery play.  Some people realized the company's patents were a way to discover it's secret #1 customer, and that it partnered with Microsoft on a lucrative defense contract.  It's LIDAR was a key component, and the stock went up +600% before I sold.  Right now, within 1 year, the stock has reached the moon at $18.33/sh, so I only got 7x on an 82x stock (it was also a very small investment).
Looks like you got out just in a nick of time right before the drop due to new shares being issued:
https://www.fool.com/investing/2021/02/17/why-microvision-stock-plunged-today/
Since my earlier post, MVIS rose from $18.33 to $19.75, despite new shares being issued.  But I actually got out months ago, when the stock was below $2.

effigy98

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Re: What are your moonshot investments?
« Reply #76 on: February 23, 2021, 04:55:05 PM »
I'm very happy with MSTR. Went in heavy around October and will probably build a Michael Saylor statue effigy next to my pool in my retirement house.
FTFY, you're welcome.

I love the change!

I am adding SQ to my HODL pie on M1 and buying more MSTR and a little more TSLA! What an opportunity!

Icecreamarsenal

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Re: What are your moonshot investments?
« Reply #77 on: February 24, 2021, 07:04:45 AM »
Whew CCIV took quite the dive yesterday, 30%.  I've still doubled my initial position but it kind of hurts, especially because the DA was positive.
SPAC world is kind of fun, looking for the hitters, as long as you can get in near NAV.
Can anyone explain the downside if you're near NAV?

Rdy2Fire

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Re: What are your moonshot investments?
« Reply #78 on: February 24, 2021, 07:07:24 AM »
Currently all SPAC related

IPOE
IPOD
IPV
CCII
VGAC

J Boogie

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Re: What are your moonshot investments?
« Reply #79 on: March 01, 2021, 12:50:56 PM »
Regarding SPAC downside near NAV, the downside is basically that management will overpay for whatever they buy. Very serious risk for celebrity SPACs, but for tried and true investment superstars buying near NAV is, in my opinion, an amazing opportunity.

I'm allocating most of my moonshot dough into BTNB right now.

For those unfamiliar this is Thiel Capital's joint SPAC venture in SE Asia to find a tech-ish company valued around 300 million or so. Their first SPAC, BTWN is looking for a bigger one like Tokopedia, and I own plenty of BTWN as well - but I see a much larger growth opportunity in their smaller cap SPAC. I view it as an extremely rare opportunity to invest in an early stage startup alongside Peter Thiel. You can't turn back time and invest in paypal, facebook, palantir, or lyft - but this is the closest thing that I can see.

And it's under 12 right now, implying less than 20% premium.


MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #80 on: March 05, 2021, 10:46:55 AM »
I've owned Carnival Cruises call options when the vaccines were announced, and thought that was the first and last time I'd ever see +110% in one day.

I hold several micro-cap stocks, one of which is a medical devices company that just receives FDA approval.  Kinda staggering... I wanted to put a stop loss near +250%, but the stock was +350% by the time I reached the order screen.  While I'm typing this, the stock went from +450% to +500%.  Despite being 6x larger than yesterday, the company is so small they're still a micro-cap stock.

My current profit is over +800%, so it's definitely time for stop-loss orders.

soccerluvof4

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Re: What are your moonshot investments?
« Reply #81 on: March 05, 2021, 03:28:03 PM »
As of today-

ACB-Pot , still consider a spec
CRMD
CYDY
DFLYF
GMDA
MKGI
XERS

Should note these are all newer positions in last week or so and at max 1/2 positions most 1/4. CYDY and XERS are my two largest but I like them all for different reasons. ACB is my smallest position as I think I can add a lot.

« Last Edit: March 05, 2021, 03:33:15 PM by soccerluvof4 »

mizzourah2006

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Re: What are your moonshot investments?
« Reply #82 on: March 05, 2021, 06:35:15 PM »
Close to 6 figures paper gains on CCIV with an average price of 15.  At 58 right now...

Nice! I stupidly wrote covered calls on all mine to protect my downside. I literally wrote the second set at $55 10 minutes before the run from $40 to $53, lol.

Both sets of my CCs are already in the money. Oh well the premiums brought my cost basis down to about ~$9/share and they'll get called away at $50 & $55. So a decent return on a ~$7.5k initial investment.

When all is said and done assuming my shares get called away that $7.5k I invested in mid January will have turned into about $26k.

While I wish I could have sold at $60, this is working out for me. I was able to get my cost basis down to $9.90/share via these CCs. The only reason my SPAC portfolio is up on the year is honestly because of my CC premiums, lol. My original cost basis for CCIV was $20/share, but selling CCs cut my cost basis in half. The premiums for CCIV, THCB, IPOE, and GIK are the only reason my SPAC portfolio is still up 10%, lol.

SparkyPeanut

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Re: What are your moonshot investments?
« Reply #83 on: March 09, 2021, 08:48:57 PM »
LKCO!!

Herbert Derp

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Re: What are your moonshot investments?
« Reply #84 on: March 09, 2021, 09:05:57 PM »
VACQ! Literally to the moon and Venus!
« Last Edit: March 09, 2021, 09:09:34 PM by Herbert Derp »

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #85 on: March 10, 2021, 02:36:30 AM »
I hold several micro-cap stocks, one of which is a medical devices company that just receives FDA approval.
My most recent sales are for +2000%, thanks to a one week +800% return.  Maybe I should study explosive micro-cap growth, since it seems to be a trend I've stumbled upon.

SparkyPeanut

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Re: What are your moonshot investments?
« Reply #86 on: March 10, 2021, 05:46:24 AM »
Close to 6 figures paper gains on CCIV with an average price of 15.  At 58 right now...

I got lucky with CCIV, bought low, 13/14 range and sold a tiny bit off the top at 62 or so to lower my cost basis - but then sold all the rest at 40 in AH (the day it started plummeting in AH due to the revaluation). I'd like to buy back in at some point. Not sure what to do. It could still be overvalued - the price is all about potential of course.

SparkyPeanut

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Re: What are your moonshot investments?
« Reply #87 on: March 10, 2021, 05:48:19 AM »
Whew CCIV took quite the dive yesterday, 30%.  I've still doubled my initial position but it kind of hurts, especially because the DA was positive.
SPAC world is kind of fun, looking for the hitters, as long as you can get in near NAV.
Can anyone explain the downside if you're near NAV?

Icecream, are you still holding CCIV?

GreenEggs

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Re: What are your moonshot investments?
« Reply #88 on: March 10, 2021, 06:32:32 AM »
I hold several micro-cap stocks, one of which is a medical devices company that just receives FDA approval.
My most recent sales are for +2000%, thanks to a one week +800% return.  Maybe I should study explosive micro-cap growth, since it seems to be a trend I've stumbled upon.




So, what's the difference between a "micro-cap" and a penny stock? 

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #89 on: March 10, 2021, 06:40:30 AM »
I hold several micro-cap stocks, one of which is a medical devices company that just receives FDA approval.
My most recent sales are for +2000%, thanks to a one week +800% return.  Maybe I should study explosive micro-cap growth, since it seems to be a trend I've stumbled upon.
So, what's the difference between a "micro-cap" and a penny stock?
There's probably overlap, but a penny stock has a price/share below $1.00, at which point some exchanges may threaten to de-list the stock if it stays in that range.  The response tends to be a reverse stock split, where 10 shares become 1 share, pushing a $0.60 stock up to $6/share (but with 1/10th the shares).

The definition of micro-cap stock I use is below $250 million market cap.  For example, right now Microvision (MVIS) is a $2 billion company, which is the result of multiplying it's number of shares times x price/share.  (153M shares x $14.08/sh = $2.15 billion)  Back when I bought that stock at $0.22/share, assuming they had the same number of shares: 153M x $0.22 =  $34 million company, well within micro-cap range.  (I sold last year)

GreenEggs

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Re: What are your moonshot investments?
« Reply #90 on: March 10, 2021, 06:57:25 AM »
I hold several micro-cap stocks, one of which is a medical devices company that just receives FDA approval.
My most recent sales are for +2000%, thanks to a one week +800% return.  Maybe I should study explosive micro-cap growth, since it seems to be a trend I've stumbled upon.
So, what's the difference between a "micro-cap" and a penny stock?
There's probably overlap, but a penny stock has a price/share below $1.00, at which point some exchanges may threaten to de-list the stock if it stays in that range.  The response tends to be a reverse stock split, where 10 shares become 1 share, pushing a $0.60 stock up to $6/share (but with 1/10th the shares).

The definition of micro-cap stock I use is below $250 million market cap.  For example, right now Microvision (MVIS) is a $2 billion company, which is the result of multiplying it's number of shares times x price/share.  (153M shares x $14.08/sh = $2.15 billion)  Back when I bought that stock at $0.22/share, assuming they had the same number of shares: 153M x $0.22 =  $34 million company, well within micro-cap range.  (I sold last year)


Thanks for the clarification.  Micro-caps sound interesting.  How are you discovering and researching them? 

MustacheAndaHalf

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Re: What are your moonshot investments?
« Reply #91 on: March 10, 2021, 10:57:47 AM »
The two micro-caps with insane returns were just lucky stumbling.  Last year many stocks were hit hard in March, and I looked to buy those stocks and await their recovery.  So I searched for recovery stocks with good enough financials to stay in business.  It is a bit odd to pick 2 of them, when I have less than a dozen micro-caps.

I forget which stock now, but one of my picks was about 7% owned by "Renaissance Technologies", a closed hedge fund with really stunning annual returns for a long time.  I noticed it when the annual report came out.  I suppose you could look at annual reports, to see what Renaissance bought, and try to deduce the pattern?

One word of warning: my small oil company investments met with 2 out of 3 declaring bankruptcy.  The 3rd recovered so well it paid for the others, but I don't expect that to repeat in future investments.

mntnmn117

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Re: What are your moonshot investments?
« Reply #92 on: March 10, 2021, 11:48:57 AM »
As of today-

ACB-Pot , still consider a spec
CRMD
CYDY
DFLYF
GMDA
MKGI
XERS

Should note these are all newer positions in last week or so and at max 1/2 positions most 1/4. CYDY and XERS are my two largest but I like them all for different reasons. ACB is my smallest position as I think I can add a lot.

I googled these today and 3 of the 7 CYCY, XERS, CRMD - first result is a law firm investigating securities fraud.  Is that why you picked them?

soccerluvof4

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Re: What are your moonshot investments?
« Reply #93 on: March 15, 2021, 02:27:33 PM »
As of today-

ACB-Pot , still consider a spec
CRMD
CYDY
DFLYF
GMDA
MKGI
XERS

Should note these are all newer positions in last week or so and at max 1/2 positions most 1/4. CYDY and XERS are my two largest but I like them all for different reasons. ACB is my smallest position as I think I can add a lot.

I googled these today and 3 of the 7 CYCY, XERS, CRMD - first result is a law firm investigating securities fraud.  Is that why you picked them?


I don't own CYCY but CYCD, and its a Bio-Tech as is XERS , CRMD. I am out of all on the list except DLYF, XERS but added UVXY , NOK, TYME, and my first SPAC CPNG. These are separate of my core holdings.

I did not buy any stocks because of class action lawsuits but its not uncommon for them to be in the position they are because of one, however I do own BAYRY and am collecting the Dividend until the Lawsuit on that one gets resolved because it imo will be a flyer again and the stock is very cheap for a great company.
« Last Edit: March 15, 2021, 02:46:45 PM by soccerluvof4 »

Icecreamarsenal

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Re: What are your moonshot investments?
« Reply #94 on: March 15, 2021, 02:58:40 PM »
Whew CCIV took quite the dive yesterday, 30%.  I've still doubled my initial position but it kind of hurts, especially because the DA was positive.
SPAC world is kind of fun, looking for the hitters, as long as you can get in near NAV.
Can anyone explain the downside if you're near NAV?

Icecream, are you still holding CCIV?

Yes, still holding. Selling weekly covered calls at ~25 delta.
Iím fine if the options end in the money and the shares get called away honestly, this is so not my normal way of investing. Sitting and looking at the screen is draining.

Financial.Velociraptor

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Re: What are your moonshot investments?
« Reply #95 on: March 15, 2021, 05:42:24 PM »
I took a nibble on Quantum Scape (QS) today.  The partnership with Volks Wagon Auto Group gives me confidence they will have sufficient funding to bring their product to market.

Michael in ABQ

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Re: What are your moonshot investments?
« Reply #96 on: March 15, 2021, 05:54:46 PM »
I just remembered I've got about 250,000 Iraqi Dinar. It's still worth about the $200 I paid for it 15 some years ago on my first deployment.  I know there were some guys in my unit who "invested" many times more than I did expecting it to hit a similar exchange ratio as the Kuwaiti Dinar (worth $3.31 each).

markbike528CBX

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Re: What are your moonshot investments?
« Reply #97 on: March 15, 2021, 06:56:30 PM »
I just remembered I've got about 250,000 Iraqi Dinar. It's still worth about the $200 I paid for it 15 some years ago on my first deployment.  I know there were some guys in my unit who "invested" many times more than I did expecting it to hit a similar exchange ratio as the Kuwaiti Dinar (worth $3.31 each).
Ebay?   I gotten trillions of Zimbabwe dollars that way.  Makes great Halloween treats.  Some notes may or may not be better (if in in uncirculated condition)than others.

soccerluvof4

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Re: What are your moonshot investments?
« Reply #98 on: March 17, 2021, 02:13:39 PM »
As of today-

ACB-Pot , still consider a spec
CRMD
CYDY
DFLYF
GMDA
MKGI
XERS

Should note these are all newer positions in last week or so and at max 1/2 positions most 1/4. CYDY and XERS are my two largest but I like them all for different reasons. ACB is my smallest position as I think I can add a lot.

I googled these today and 3 of the 7 CYCY, XERS, CRMD - first result is a law firm investigating securities fraud.  Is that why you picked them?


I don't own CYCY but CYCD, and its a Bio-Tech as is XERS , CRMD. I am out of all on the list except DLYF, XERS but added UVXY , NOK, TYME, and my first SPAC CPNG. These are separate of my core holdings.

I did not buy any stocks because of class action lawsuits but its not uncommon for them to be in the position they are because of one, however I do own BAYRY and am collecting the Dividend until the Lawsuit on that one gets resolved because it imo will be a flyer again and the stock is very cheap for a great company.



MKGI jumped 20% today but think it will see at least 5 but am totally out of name
Also out of UVXY

Added to CPNG, BAYRY and Bought RAD at 26$ today.





TheAnonOne

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Re: What are your moonshot investments?
« Reply #99 on: March 18, 2021, 11:25:39 AM »
Way back in 2017 into 2018 I dumped some cash into crypto and it kept crashing.

Around 1 year ago, it was worth maybe $7k, last week it was over $330,000.

Basically holding until it cracks a solid million or goes to 0. This money is not counted in any of my net-worth calcs.

If anyone's interested, Chainlink $Link, and Lukso $lyxe

GLHF