Loading ...Redeployment
One of the reasons for taking my profit on WFC yesterday, was the presence of a new opportunity that I felt would offer more potential than whatever additional gains WFC was going to offer from here. I have avoided getting involved with the SPAC craze with the exception of being interested in and following one of the earlier ones from 2019-2020. I loved the Draft Kings opportunity but didn’t pull the trigger on it. Now I am putting the WFC funds into the recently announced SVAC deal where they will be merging with Cyxtera which is a large data center company. I believe here under 10.50 is a good entry point. 
OK, I just jumped onboard caught 10.40. I have been playing the spac game for awhile and been doing well as they are quite volatile and make good swing trade vehicles. Some of the ones I have been in but now out of are RIDE, HYLN, SKLZ. Made some paper currency(fake money) on all of them. I am still long PLBY, chasing the bunny it when its down the rabbit hole and selling when its hopping,,,LOL I am growing really tired of all the BS trying to trade the miners,,,sigh
Wow even moar betta at 10.30,,,LOL
That is what the rest of the stock market is for, to keep you occupied and feed the need for instant gratification. The miners are more strategic long term holdings, but still only for a bull market cycle, which has years to go.
Sirs CM and JSK,
What is your take on AAPL?
Please see brief update below.
Apple stock bounces sharply off its low but still loses ground, again
12:18 pm ET February 24, 2021 (MarketWatch)
Print
Shares of Apple Inc. (AAPL) have bounced sharply off its intraday low but was still trading lower, for a second-straight session, even as the rest of the technology sector has turned higher. Apple’s stock slipped 0.9% in midday trading, but pared earlier losses of as much as 2.9% at the intraday low of $122.23. On Tuesday, the tech behemoth’s stock closed down just 0.1% at $125.86, after being down 6.0% at the intraday low of $118.39. Meanwhile, the tech-heavy Nasdaq 100 rose 0.3% on Wednesday, to reverse an earlier loss of as much as 1.7%; on Tuesday, the index pared an intraday loss of 3.5% (http://www.marketwatch.com/story/stock-futures-lower-ahead-of-testimony-by-feds-powell-on-economy-11614083185) to close down 0.2%. Apple’s stock was headed for a third straight loss, its sixth loss in seven sessions and ——> ninth loss in 11 sessions <—— . It has now shed 12.8% since closing at a record $143.16 on Jan. 26, while the Nasdaq 100 has lost 1.9% over the same time and the S&P 500 has gained 1.6%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
GL
What is your take on AAPL? Umm, overpriced, boring trading stock. All apples will fall down to earth when they become overripe.
Lol, Sir JSK!
From a swing trade perspective, I was thinking that closing lower on 9 out of 11 days is a buy point … unless Apple’s “story is over” 🙂
If you are looking for a trade you may want to jump onboard this one as the news came out only 3 days ago. Also 10.30 entry is even moar betta than CM’s 10.50 entry. After all trading profits from these SPAC merger deals could be SPAC-tacular…LOL
In my post’s about buying a stock I am not buying for a a swing trade or any other short term trade except in a rare occasion where I spell out as much.(may have once or twice but don’t remember any off the top of my head) I am in this for major gains much like I would have been in Draft Kings if Ipulled the trigger back in Dec. 2019. Don’t recommend these for short term trading.
As far as AAPL, TSLA or any of the other FAANGS. Again, traders may play the bounces, I don’t trade and especially don’t trade over valued stocks that after an 11 year run have finally just topped out. Go look at charts from the 2000 top and see how you did trying to catch those knives. Time to move on to new companies that have under valued fundamentals and good charts.