Sounds like FPAC is a good spec play. Anyone have thoughts on cybersecurity stocks in light of the recent hacker threats? I’ve bounced around PANW and a few others but thinking of buying the BUG etf to cover a broader slice of the sector.
OT: Stock and Investment Talk
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Credit Powell for lining investors pockets post-COVID lockdown but he must be out of touch with reality on inflation. It’s rampant everywhere. My landscaper jacked up my fall clean-up cost because he said labor and fuel costs are killing him. Car dealers are charging over suggested retail. Dorsey is likely right unless something changes.
www.cnbc.com
Twitter and Square CEO Jack Dorsey says 'hyperinflation' will happen soon in the U.S. and the world
Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.
Let me guess, he said buy BTC as a hedge.Credit Powell for lining investors pockets post-COVID lockdown but he must be out of touch with reality on inflation. It’s rampant everywhere. My landscaper jacked up my fall clean-up cost because he said labor and fuel costs are killing him. Car dealers are charging over suggested retail. Dorsey is likely right unless something changes.
Twitter and Square CEO Jack Dorsey says 'hyperinflation' will happen soon in the U.S. and the world
Twitter founder Jack Dorsey weighed in on escalating inflation in the U.S., saying things are going to get considerably worse.
The $1.47 billion is the part of the deal that the SPAC is contributing. Add the stocks given to PIPE investors, Trump and his family, etc the deal will be much higher. Unfortunately, the deal as just announced and we don't yet have the S-1 so this is clearly just speculation and dumb money buying. There is a reason all the hedge funds that were initial investors in this SPAC have all exited.
Ya, this was the kind of stuff I was thinking about. I think LCID tanked after some of the details of the merger were announced.
My guess is Trump got himself a ton of stock in this deal.
Got some good news to start the week! We use T Rowe Price for our largest retirement account. They just enhanced their customer loyalty program. We now have access to all of their closed funds and all I-class shares which have 20-30% lower fees than the investor class. I feel so big-time.
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My guess is that Trump and his family will own a very large portion (50% or more?) of this company. There is a reason that he went with a no name SPAC.
Good conversation on the All In podcast about this. With the valuation they have right now, they can acquire their way into being a legitimate media company. If it goes really well, maybe it stops Trump from running in 2024
BUG is an interesting ETF! I am bullish on the cybersecurity market. Not sure if the ETF is the way to go or to pick 5-6 best holdings and buy directly?
BUG – Portfolio – Global X Cybersecurity ETF | Morningstar
BUG Portfolio - Learn more about the Global X Cybersecurity ETF investment portfolio including asset allocation, stock style, stock holdings and more.
I think I like the mix of companies in BUG better other ETFs like CIBR and HACK. A lot of the cybersecurity companies have high PEs but as long term plays probably hard to go wrong with any of the industry leaders. Crypto universe will up the ante and then you have stuff like EVs that will lead to new threats.BUG is an interesting ETF! I am bullish on the cybersecurity market. Not sure if the ETF is the way to go or to pick 5-6 best holdings and buy directly?
BUG – Portfolio – Global X Cybersecurity ETF | Morningstar
BUG Portfolio - Learn more about the Global X Cybersecurity ETF investment portfolio including asset allocation, stock style, stock holdings and more.www.morningstar.com
And one overweight 75 year old has a heart attack and it will make you poor even faster. And you don't have to even consider current overvaluation because of the hype. Sort of the equivalent of buying GME at $425 because you want to participate in a short squeeze and "stick it to the man", except this time it's to stick it to the media.
There is a path for this to work. Will Trump allow it to happen? Probably not, but it is still there for the taking.
There may be a path for it to work, but did the folks who jumped in at $175. care? Does the existence of a path justify a valuation of 8X the of an IPO equivalent at it's current price, or roughly 15X last week?
Given their market cap, if they acquire an actual platform (Discord, Redditt, etc.) to put the Trumps, Ben Shapiros, Alex Joneses etc. of the world on, then yes its worth it. Love him or hate him, there's an appetite for trump and while I agree that the current valuation is not justified, our opinions on such don't really matter more than the number in print. Yes the people who jumped in at $175 are just as screwed as the ones who jumped in at $10 are thrilled. For what its worth, I wouldn't bet on any of this happening but its certainly possible.
The SPAC is DOA. There is no way it acquires any of those major platforms. In fact, they already are on the verge of being sued by by the open-source group whose code they want to use.
That said, who knows where this goes in the short term with this being a literal meme stock.
Not my idea as I noted above, it was one that was floated by a few guys pretty familiar with acquisitions and SPAC's. As a side note, anyone interested in investing, crypto and finance in general should listen to this.
To the TSLA bears and haters. LOL!
Tesla hits $1T market cap on Hertz news.
Tesla hits $1T market cap on Hertz news.
So it has a larger market cap than GM, Ford, Fiat-Chrysler, VW, Toyota and Nissan combined but isn't overvalued. Right.
I think the real stat is even worse than that - it’s market cap is bigger than ALL of the top 10 auto manufacturers combined.
Saw my nephew yesterday at my mother BD dinner and he still has the Tesla he brought about 2 years ago. $100k investment is about 1.5 million. I don’t have nerve to buy and hold Tesla. His start up app probably worth more than his TSLA investment.
Sounds like a successful guy but he’s obviously got a bunch of cash outside of Tesla if he was willing to drop $100K on Tesla at a time when it was still more of a spec play. Nevertheless it’s a spectacular return.
While the Hertz deal is certainly a catalyst, I think Wall St. is finally starting to wake up to a few other factors: The EV transition is happening much faster than anticipated. There's a clear leader in the EV space and that lead is growing. Q3 numbers were ridiculous. Plus, Herbert Deiss (VW CEO) did some great advertising for Tesla recently. His comments are starting to sink in.
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We have a big position in Avis at work. This Hertz deal with Tesla is certainly interesting. Effectively blocks Avis from buying Teslas as Hertz will be buying close to 10% of total production at full price. High risk potentially high reward for Hertz. Will people be willing to pay more to rent an EV sedan than a gas powered SUV on vacation? By the way, Tom Brady will be featured in the Hertz Tesla ads.
I think if you're curious about EVs, it's a great way to dip your toes. Never mind a vacation vehicle, how about just renting one for a few days to try it out?
And I don't think this excludes other rental companies like Avis. Tesla will have doubled their capacity by the end of next year with Austin coming online.
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I love days like this. Seems like LCID is up today as well... sympathy??? Has LCID delivered any cars yet? They were supposed to deliver them this month.
Tesla was not a spec play two years ago. My nephew had bought TSLA for $28 but did not hold it when bad news started surfacing more than two years ago.
That's why I am buying DWAC since it could be a $1T next year. They can acquire companies and grow super fast with the influx of money they have. The game has changed since nothing goes down anymore except old stocks.
DWAC can sell more shares at over $100.
This is a $1T opportunity you can get in for cheap now.
Avis normally garners large discounts from the OEMs by buying in bulk. They then resell a few years later with the net cost being their largest expense. Tesla is not giving Hertz a discount despite the large order. I'm sure Avis will slowly transition to EVs but not to the degree that Hertz has done. EVs also have much lower maintenance costs. 10 years from now we could be saying Hertz was brilliant and Avis a dinosaur. I hope not.
Therein lies the problem “nothing goes down anymore except old stocks” - there are fundamental reasons this trend has taken hold since COVID struck. Once the catalysts are removed there will be a lot of retail traders wondering what the F just happened to their investment accounts. I’m always long the market and have been from the day I started working but everything we are witnessing in the market is not normal. A financial advisor told me the other day he’s seeing more and more younger folks taking on more and more debt because of low interest rates and their belief the market will never go down. The next correction may be the worst ever but obviously it could be 5 months away or 5 years - nobody knows. Just be ready to buy hand over fist.
Would love to know if Hertz is purchasing the full self driving software. We may be seeing the first robotaxi fleet.
High risk - high reward for Hertz. I don't think Avis is dead in the water, though. There are going to be a lot of people, especially in the next few years, who are going to be concerned about their access, especially convenient access, to a charging station. They may just go straight to Avis to avoid the issue.
So DWAC is going to do in 12 months what it took Tesla the better part of 2 decades to do. Beyond that, you think any influx of money isn't going to dilute the share value?
I’m not sure how to view the Hertz deal from Hertz’s perspective. When I travel for work, vacation, or kids sporting event, I usually grab whatever is the cheapest or suits my needs (eg, SUV). And if I’m traveling to an unfamiliar place do I really want to worry about where I charge my vehicle? What if my hotel doesn’t have a charging station available? I definitely would not pay a premium absent unusual circumstances. Great deal for Tesla not sure about Hertz.
