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re: ORGN- maybe worth a look

Posted on 11/10/21 at 5:46 pm to
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/10/21 at 5:46 pm to
quote:

. I suck at timing the market but in hindsight swing trading sure looks good sometimes.

So it's not just me?

I think you have a wise approach to the SPAC's. Sit back and wait for the ones you like to fall back to around $10 or even below later, then buy. You may miss some, but you have de-risked your initial investment. Potential huge upside with limited downside. I'm starting to think you might be a pretty smart guy.
Posted by GeneralLee
Member since Aug 2004
13947 posts
Posted on 11/11/21 at 12:30 pm to
Someone just picked up about 400K shares and broke through the $7.50 resistance, hopefully a very good sign going into earnings...
Posted by ShootingsBricks4Life
Member since May 2017
2601 posts
Posted on 11/11/21 at 12:50 pm to
Really hoping to buy into this tomorrow. Hopefully it doesn't climb tooooo high today.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 11/11/21 at 12:51 pm to
That was me. Had some extra cash laying around
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 1:33 pm to
quote:

Someone just picked up about 400K shares and broke through the $7.50 resistance, hopefully a very good sign going into earnings...

I'm ready. After sitting on my hands for 3 months, dove in yesterday. The more I read, the more I like. Wish I would've started accumulating when you first posted.
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 1:36 pm to
quote:

Take a look at ASTS… only appropriate for a small position given the extreme risk, but if their tech proves out it’s a 50+ bagger.


Will be adding. And RDW. Watching NVVE.
Posted by Black n Gold
Member since Feb 2009
15847 posts
Posted on 11/11/21 at 1:40 pm to
quote:

And RDW


You sure about that one? Seems like a potentially risky play.
Posted by deltaland
Member since Mar 2011
100864 posts
Posted on 11/11/21 at 1:50 pm to
All my stocks today are green I’ve been taking profits and moving them to ORGN. It just passed SLI as my largest holding im really gambling on big news and a nice jump tomorrow
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 2:06 pm to
quote:

You sure about that one? Seems like a potentially risky play.


I'm not sure about any of them.
I think space is the next big market. I plan on sprinkling some dollars around on some of these and if a few take and flower, then it'll all be good. I'm still doing my DD on it and ASTS. I just throw what I can afford to lose on it and go. Now if ASTS shoots up before the March launch, I'd have to decided to let it ride or take some profit+original investment. If tech works as they hope, it's a 50 or maybe 100 bagger.

I do own boring stocks like Tesla, WMT, BAC etc.
My speculative stocks are where the fun is though.

I look at it as playing in a casino where you actually have a chance to win. Plus, you get to pick the game and the rules to some degree.
Posted by jchamil
Member since Nov 2009
18940 posts
Posted on 11/11/21 at 2:38 pm to
I bought 250 shares Friday, kind of wish I'd put in more
Posted by GeneralLee
Member since Aug 2004
13947 posts
Posted on 11/11/21 at 2:53 pm to
quote:

You sure about that one? Seems like a potentially risky play.


In many ways RDW is one of the lowest risk space plays out there. It one of the highest revenues of any space stock out there, so is a far cry from a lot of other pre-revenue space SPAC stocks. It's a "picks and shovels" play on space infrastructure being needed going forward and that is going to happen big time. They are just learning how to be a public company though and had an accounting snafu that led to delayed earnings report, causing the selloff you saw yesterday.

Another key risk of RDW is the valuation. It's a conglomeration of many different smaller companies, with the total as a public company being valued 3-4x what RDW paid for all the pieces. Do you believe in that level of premium for a total versus sum of the parts and public vs private? We'll find out....
This post was edited on 11/11/21 at 3:10 pm
Posted by GeneralLee
Member since Aug 2004
13947 posts
Posted on 11/11/21 at 3:09 pm to
LINK

Above is the link to the earning report (call is at 5pm eatern). Offtake agreements increased to $4.2B (compared to $3.5B in August), capex and timeline on Origin 1 and 2 plants relatively unchanged from prior expectations.

Edited to add: Up to $7.90ish after hours currently. Hoping for many analysts upgrades to hit tomorrow morning.
This post was edited on 11/11/21 at 3:30 pm
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 3:20 pm to
quote:

would not be surprised to see this back in the $7.30ish range tomorrow as some momo traders might exit their positions that were hoping for a one day swing.


Then I be adding again. shite, I got nothing but free time to watch it like a hawk for the time being.

Was going to edit the I be adding to I'll, but I like the gangster sound of it.

Am I the only one that looks at the symbol and thinks "stolen kidneys"?
This post was edited on 11/11/21 at 3:23 pm
Posted by deltaland
Member since Mar 2011
100864 posts
Posted on 11/11/21 at 3:24 pm to
Almost to 8 dollars

Let’s go!
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1603 posts
Posted on 11/11/21 at 3:39 pm to
oh shite if deltaland is in im selling out. delta is like that cat that goes and sits next to people in the nursing home before they die.
This post was edited on 11/11/21 at 3:40 pm
Posted by GeneralLee
Member since Aug 2004
13947 posts
Posted on 11/11/21 at 3:40 pm to
lol. Come on give the man a break. He's in on ORGN much earlier in the show than SLI.
Posted by Fat Batman
Gotham City, NJ
Member since Oct 2019
1603 posts
Posted on 11/11/21 at 3:41 pm to
lol im just playin
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 3:47 pm to
quote:

Almost to 8 dollars

Let’s go!



And down it goes.
Will you buy one share of Tesla in am? I would love to add to my position at less than $900/share, but I'll settle for $965.77
Posted by SmackoverHawg
Member since Oct 2011
30979 posts
Posted on 11/11/21 at 3:49 pm to
quote:

lol. Come on give the man a break. He's in on ORGN much earlier in the show than SLI.


Bust his balls a little and it's back up to $7.82. We may be onto something here.

ETA-$7.89

Take your profits DL!!! Send us to the moon!
This post was edited on 11/11/21 at 3:50 pm
Posted by deltaland
Member since Mar 2011
100864 posts
Posted on 11/11/21 at 4:00 pm to
I sold my TSLA awhile back when it went over 1k a share
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