Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Added to WMT at 145.46, first time I've added to WMT since opening at 63.70.
Cost basis now 68.10.
As with PLTR, AI is a going business with a history. Similar businesses loosely speaking.
My sentiments exactly. I'll apply that " good company" moniker when my gain is 20, 30 or 40%.
I question how good it is when my gain dissipates by 2/3's.
That's why I ask you. You're an anchor of sorts.
Added to QRTEP at 98.75.
8% dividend on a nice stable preferred..
Cost basis raised from 96.40 to 96.87.
Nick AI is crashing Nick. Reduced gain by 2/3s. What's your take on this ?
Added to BNTX at 120
Thankfully.
My GF and I are right up there and waiting for our golden ticket Elroy.
No so my wife, son, my GF's children and grandchildren. Oh well.
So there's that.
And the trumpies on Staten Island are fixated on showing how "free" they are so we have the highest covid infection rate in this region.
Hail trump, ( or is it heil ).
Both F and GM are on the cusp of bringing home the bacon with EVs and hybrids SF.
I'll take one from number 4 please. Purposely so.
Evaluated my trading portfolio today and found it's clearly and purposefully 4% above the March- April 2020 high. Congratulations me !
WOO HOO !
And Atta Boy !
My IRA account is close to break even which is no small achievement considering it's heavy in reits and energy stocks, though diversifying .
If you dont know where you're going it's good to know where you've been.
I'd still take a look at PLTR. After exiting PLTR on Friday I bought back on the news that they had a contract with the federal government for logistical support of CV19 vaccine distribution.
So after closing in Fidelity, I opened it back up in Ameritrade, because if there's anything I cant stand almost as much as The Spanish Inquisition it's Fidelity's trading platform.
And you didn't think I'd get mention made of the Spanish Inquisition. I'm sure nobody expected that. :)
One other thing regarding Ameritrade. Though it's true perhaps that Fidelity and Schwab charge $50 in commission for Pilbara (PILBF) stock transactions, I found no such charge at Ameritrade. Just a 6.95 commission charge. I know Schwab now owns Ameritrade, but they don't own it that much yet.
I'm sure Court's happy PILBF's gone up from .63 to .66 cents. Wasn't expecting that either, though I'm sure some did, others probably did not expect that. PILBF going up I mean, not the other thing regarding the old Monty Python skit about, you guessed it, The Spanish Inquisition.
Enough said.
Give thanks to Gerald Levin and the board of Time Warner. They haven't been having a good few decades. Take for example where they've ended up- AT&T.
If I didn't have a thing about tobacco I would have opened this long ago.
My absolute love for DIS isn't emotion based, Remember my price target of 79 as the market melted in March and April. Looking back that was my only time to own this stock. I stand corrected for not opening and holding it at the time. Hope others considered my observation though. Hindsight isn't all it's cracked up to be.
After everything settled with AI the cost basis is $96.71, which isn't too bad.
Added more to AI at 119 and 118. Cost basis 102.54- will be careful to sell higher and protect and preserve capital investment with stops.
The process of trimming and adding today saved about 6% of initial capital outlay overall, for the same number of shares opened, closed and reopened.
Clipping coupons SF ? I highly doubt that...
I figured out the sale profit yesterday from the 1/2 trim of EPD- came out to +7.08% return. Not actually too shabby from a long term hold in the IRA dividend portfolio. I'll take it.
Reopened PLTR a bit higher and a smaller amount of stock in the IRA account at $26.92
Don't know how many more posts I have today since I'm on the 15 per day economy plan so have a great weekend, stay healthy, safe, and sane.
And watch out for those zombies.
Clownery ! I love that Elroy. Describes it to a tee.
Rivals this governments antiviral rollout.
"Every purchase I've made today and everything sold has been at a loss. Sucks."
That's not entirely true. Closed QS at a phenomenal profit.
Closed LAZR with around A 10% profit.
Trimmed AI at another phenomenal profit,
and bought AI back $8-$9 lower. So far so good. With a cost basis of 98.72... We'll see Rabbit, we'll see.
And just recently closed PLTR at 26.17 from a cost of 24.06.Eh.
Added to AI at 121.25, after recently trimming at 130. Cost basis now 98.72
All I can say then is "ME TOO !" for Hooters ( disclaimer, I've never visited the restaurant )
Out of CLSK on a stop at 16.50, from a cost of 17.
Every purchase I've made today and everything sold has been at a loss. Sucks.
Added to AI at a cost of 122.75 after trimming this am at 130. Average cost basis now 96
Well, SF, as long as Hooters isn't on the list...
Opened CLSK at 17
Trimmed AI at $130 from a cost of $92. Will add later to this one.
Out of SLQT at 24.60 at buck a share richer on this one held since it's IPO in June this year. Finally out with plus signs in my account on it. YAY !
Added to FIII at 13.15
Incidentally,
Monitoring AI, missed 2 chances to capture considerable profit at $130 over yesterday and today. This has established a fairly wide trading range and is tradable.
Opened FIII ( fiii) this am at $14
Paid a bit too much right now, but I believe this will do just fine...
"The Commercial Vehicle Market: Electric Last Mile is set to launch the Urban Delivery Van in the third quarter of 2021. This could be the first electric Class I commercial vehicle to come to market.
The vehicle will have the same price as gas vehicles and also have 20% more cargo space, which could make it attractive to delivery companies.
The company has over 30,000 pe-orders from customers, which include leading brands and some of the largest fleet managers in the country. The orders represent over $1 billion in revenue."
Back to News Results
Electric Last Mile SPAC Merger: What Investors Should Know
9:57 am ET December 11, 2020 (Benzinga) Print
Electric delivery van company Electric Last Mile is set to go public through a SPAC merger with Forum Merger III Corporation.
The SPAC Deal: Electric Last Mile will merge with Forum Merger III Corporation (NASDAQ: FIII). The deal values the company at $1.4 billion.
Forum Merger III shareholders will own 17.6% of the new company. Electric Last Mile will trade under the ticker "ELMS" on the NASDAQ.
About Electric Last Mile: The Electric Last Mile team includes founder and chairman Jason Luo, who was previously the chairman and CEO of Ford Motor Company’s (NYSE: F) China business. Founder and CEO James Taylor worked for General Motors Company (NYSE: GM) for more than 30 years, holding roles that included president of Cadillac and CEO of Hummer. Taylor is also the former chairman and CEO of Workhorse Group (NASDAQ: WKHS).
Related Link: Lion Electric Announces SPAC Deal With Northern Genesis: What Investors Need To Know
The Commercial Vehicle Market: Electric Last Mile is set to launch the Urban Delivery Van in the third quarter of 2021. This could be the first electric Class I commercial vehicle to come to market.
The vehicle will have the same price as gas vehicles and also have 20% more cargo space, which could make it attractive to delivery companies.
The company has over 30,000 pe-orders from customers, which include leading brands and some of the largest fleet managers in the country. The orders represent over $1 billion in revenue.
Electric Last Mile named Walmart Inc (NYSE: WMT), FedEx Corporation (NYSE: FDX), Ryder System (NYSE: R), Ikea,
Penske Automotive Group, Inc. (NYSE: PAG) and Hertz Global Holdings Inc (OTCMKTS: HTZGQ) as customers.
The company is using a former Hummer plant in Indiana that has been retrofitted for electric vehicle production.
Electric Last Mile said they have first-mover advantage in the last-mile segment.
The North American e-commerce market has grown to $1 trillion and created a need for new, low-cost Class I vehicles, according to the company.
Electric Last Mile Financials: The company expects to have revenue of $122 million in fiscal 2021 and $613 million in fiscal 2022. Electric Last Mile sees revenue growing at a compounded annual growth rate of 123% from 2021 to 2025, hitting a total of $3 billion by 2025.
Units sold are seen growing from 4,000 to 83,000 by the year 2025.
Future Growth: The company is planning on launching a Class 2/3 Urban Utility Van in 2022. This product would compete with Workhorse, Amazon.com (NASDAQ: AMZN) Rivian and Ford.
In 2023, Electric Last Mile is planning on launching a new vehicle for the China and European markets.
FIII Price Action: Shares of Forum Merger III were trading 12.69% higher at $13.22 at last check Friday.
If these disappear, I don't know where I'd go out for a quick meal. Jeez !
I can understand some of these ending up on the restaurant scrap heap, but HOOTERS- say it isn't so !
(actually never been there myself)
Closed CAAS at a loss. I have no patience for these things. Another NIO, in too soon and not going to wait for some future return while watching it be red.
I know, aren't they amazing. When living in Fla. for 7 years back in the 80's I loved the sunrises and sets. Especially the sunsets. I have some remarkable photos and video of those times. Beautiful. I remember being at Disney and just taking in those remarkable sunsets at Epcot and the magic kingdom. I miss that. Purples oranges reds blues yellows greens all in a wide swath taking up the sky at almost 180 degrees of panoramic beauty.
Well, it ( COST ) is up this am.
Anyway,
closed QS at 70 from a cost of $20.50
closed LAZR at 31 from a cost of $22
Very upset about Fidelity's trading system. I bought and sold these with Fidelity. Never again.
Active trader pro screen is tops, but their trading platform absolutely sucks.
COST had another stellar quarter so naturally, it went down.
Added to COST at $372. Buying it with their $10 special dividend. Heh heh.
Nibbled on TOL at 45.10. We'll see Rabbit, we'll see...
SF, Bet our T isn't as pleasing ...
You're welcome :)
Since reducing the cost overhead on EDP at $21.28, the cost averaged basis from previously added buys is now $17.63.
Moving right along...
Nick,
AI is going up a bit, what's your exit point ?
Reduced by 1/2 EPD at cost- 21.28.
Got it Court, I am absolutely amazed ! I'd be careful with either direction. Nick you're amazing also (well, at least your stock trading skills are)
Reopened BNTX at 122.50 this a.m.
Closed FSR at 15.20 from a cost of 16.50. A LOSS.
Trimmed CAAS at 6.68 from 9.53. ANOTHER LOSS this morning.
Tax selling season. Time to wipe out this years mistakes.
Added to FB at 273
HOLY SH*T ! Court : GLSI-
Day's High
158.07
Day's Low
12.15
After hours close at $57.10, up $51.90 !
Reminds me of my NKLA IPO coup.
Hope you went in.
Incidentally Nick,
I don't know if you have skin in AI, or if or when you may enter the fray, but from my perspective closing around 93 is not encouraging.
My post # 91366-
"I know there are trillions of $$$ in money market funds. That money is there for a reason. My perspective is that there are too few $$$ chasing too high stock price valuations in the stock markets.
This will end badly"
Trimmed QS at $76.36. 91.81% return.
Trimmed LAZR at $36,57. Not happy with recent downdraft... 63.80% return.
Incidentally, I believe FB has absolutely nothing to worry about with these lawsuits by numerous states and others. Will add if softens.
AI now crashing again at market close.
Closed BNTX at 123.37
I don't think I made much on this, but just waiting for it to settle a bit before buying back.
Not enough sickness yet in Georgia, Elroy.
Reopened ETSY at 159.84 after recently closing at 165.
I've read some good things about BMY recently.
I know there are trillions of $$$ in money market funds, that money is there for a reason. My perspective is that there are too few $$$ chasing too high stock price valuations in the stock markets.
This will end badly
Reopened FSR at 16.50
Looks that way. Added to AI at 90.43
Making it that much more difficult to get out.
Added back FB shares at 279, recently trimmed at 283.
Good luck with that !
It's cratering, so I'll move out of it at cost when I can.
Long term PLTR is for me.
Added at 99