Originally Posted by banyon:
Only had 30% in cash, so this stung a bit. Was in $NIO and $FUBO that got hit bad. Using cash now to buy $NPA and $ARKG on discounts.
I’m in NIO too. Don’t sell. The whole market is down big so it’s not just an individual thing.
I blew through all my spare cash this morning. Added some shares of Servicenow & Gan and some index ETFs. I started a transfer and thought about using margin for a couple of days but decided to just wait.
It seems Powell must have said the good things and not the bad things. The market God's are less angry than at the open. [Reply]
Originally Posted by ChiliConCarnage:
I blew through all my spare cash this morning. Added some shares of Servicenow & Gan and some index ETFs. I started a transfer and thought about using margin for a couple of days but decided to just wait.
It seems Powell must have said the good things and not the bad things. The market God's are less angry than at the open.
Won’t know until close if rebound after open was true.
Originally Posted by MTG#10:
Im hoping some of you with more knowledge on the subject could explain this, as this is the first time I've ever invested in SPACs.
"Yahoo Finance Editor-in-Chief Andy Serwer recently explored the SPAC frenzy and cited Stanford Law Professor Michael Klausner's study “A Sober Look at SPACs,” which found, "SPAC investors that hold shares at the time of a SPAC’s merger see post-merger share prices drop on average by a third or more."
