Is it true that the money(loan) companies got not let their employees go is basically forgiven if they kept them until June 15th? If so, the unemployment numbers are going to jump big time in the next few weeks.
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Originally posted by rtp View PostIs it true that the money(loan) companies got not let their employees go is basically forgiven if they kept them until June 15th? If so, the unemployment numbers are going to jump big time in the next few weeks.
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Bringing this back up. Ever since I messed around with the VTIQ to NKLA merger I have been playing with the day or weekly trading in other SPACs. Lots of money being made in the electric and clean energy mergers as well as some other acquisitions. My current big runners are SHLL and WKHS. Worth looking in to when they have a good dip again. Even if they’re not your thing never hurts to research
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Originally posted by rtp View PostIs it true that the money(loan) companies got not let their employees go is basically forgiven if they kept them until June 15th? If so, the unemployment numbers are going to jump big time in the next few weeks.
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Originally posted by KactusKiller View PostYes to a degree, money is about to start drying up soon so if everything starts shutting down again it could get ugly quick. They did extend the time period to use the money from 8 weeks to 24weeks so that will help a little. It’s about to get real interesting if they start shutting gyms, stores and resteraunt down again. I don’t think the businesses are gonna comply especially the mom and pop places. When everyone’s free money dries up and we are still dealing with this mess it’s gonna get ugly. People are already on edge, when the freebies dry up what’s left?
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Originally posted by boomerball View Postmore freebies? if they double / triple down on stimulus will it keep things floating along for a few more months?
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Originally posted by AJMag View PostHad a little fun with SHLL yesterday. That was a nice rip. It hit my scanner a little late but i made a short trade off it.
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Originally posted by bphillips View PostDid you hold any through the weekend? A couple of these I am trying to keep a position in until the mergers. NKLA went crazy afterwards. Tons of popularity with the clean energy and especially 0 and low emissions vehicle startups
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Originally posted by AJMag View PostNo, i didn't know enough about it to even swing trade it. I caught a couple bull flags and cashed out on the pull back around noon. I'm too skeptical of the current climate to hold things like NKLA overnight, especially over the weekend. Right now I'm even happier i just locked in Microsoft profits since i see where they just closed a bunch of stores. This has been an insane market the last few months.
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Originally posted by bphillips View PostFor sure. I’m just mad I sold NKLA in the 50s even though I was in before the merger. Great profit just missed a whole lot more but I didn’t know enough and wasn’t about to try and time it. These are mostly from that profit and RCL profit so playing them with free money
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Originally posted by bphillips View PostBringing this back up. Ever since I messed around with the VTIQ to NKLA merger I have been playing with the day or weekly trading in other SPACs. Lots of money being made in the electric and clean energy mergers as well as some other acquisitions. My current big runners are SHLL and WKHS. Worth looking in to when they have a good dip again. Even if they’re not your thing never hurts to research
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