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SOFI pumps on strong Q2 report then dumps shares on the market to raise capital
50 sats \ 7 comments \ @BlokchainB 30 Jul Stacker_Stocks
Sofi is one of the stocks I hold for my experiment. They had a huge pump only to dilute shareholders to raise capital
If they can inflate they will inflate. This is why Bitcoin wins!
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86 sats \ 5 replies \ @carter 30 Jul
My sofi position, its one of the SPAC I started picking up because it was cheap and I want to sell contracts in RH so I need to hold at least 100. I've still been to scared to try mostly because I still don't feel like I understand it well enough
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0 sats \ 4 replies \ @BlokchainB OP 30 Jul
Wow pretty good! So you wanted to sell covered puts? Or calls?
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93 sats \ 3 replies \ @carter 30 Jul
I was gonna try and run the wheel strategy with covered calls and cash secured puts. I don't want to use margin but I like the idea of buying extra stock with leverage if I trust holding the underlying long term
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0 sats \ 2 replies \ @BlokchainB OP 30 Jul
Whats holding you back?
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48 sats \ 1 reply \ @carter 30 Jul
I've been looking at selling a way out of the money (or what I thought was) covered call that would expire in a couple days to try and get the feel but I really don't want to trigger a taxable event if I get assigned (I think I should be able to just buy one to cover it but im still not 100% on how robinhood works) and I don't pull the trigger then there is some 10% jump (this was on my other SPAC position RKLB). I guess I just need to set some sane stop limits but I feel like I can't follow it close enough to get in and out properly
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0 sats \ 0 replies \ @BlokchainB OP 30 Jul
Yeah plus if you don’t know what you are doing you can get rekt
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52 sats \ 0 replies \ @kurszusz 7 Aug
With the emergence of new shares, the price will decrease...the market cap will increase, but the revenue will decrease... This is exactly the same social trap as the "tragedy of the "common pasture"
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