by they call me stupit | November 17, 2020 9:32 pm
I’m newbie here , but I’ve been investing for years. I love seeing the beginning of Electric cars start to become the future in many respects. But I am truly interested more in what makes them go. Batteries and their company’s leadership. Specifically the KCAC/QS DEAL.
Any comments welcomed,
u
Thank Ye
Carmen
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Have not invested, but this is what I wrote in a Friday File last month:
I am in for a small stake to raise capital. The proprietor of this site basically said its a loser investment.
Sounds like he is correct. At best its a very long shot. Its up 77% on Friday and may keep rolling up hill
on Monday or could crash soon. (spiking because of new investors piling into stock due to Investing
service article) I would say avoid it unless you want some Fast $ but be very careful.(watch it several times a day and be ready to bail out with your $.)
I don’t think it’s a loser, I just think the EV and related stocks have been traded up to bubble valuations… and in Quantumscape’s case, it seems to me the business is still at least several years from generating meaningful revenue. Sounds like cool technology, but I don’t particularly want to buy in when the stock is beloved and richly valued when we’re looking at a lot of patience. Same is true for many of the EV/Lidar etc. names, they’re likely well-situated given the trends in the business… but because of Tesla’s extraordinary success, they’re being bid up as hot stories and mostly being valued right now on deals that might start to generate revenue in 2024 or 2025.
I sold all of my QS stock today. Made a lot of money. I’ll see where it settles and buy in again. Again i think this will be a very LONG play going forward. All the insider investors are selling today, but remaining on the Board. Thoughts?
Lol, me too.
I’m sorry if my post was too negative or sounded like “advice”. I will be more conservative in the future.
This morning, a day late and a few $hort. I actually added a Call contract yesterday in prep for. Unloading the $35 Calls. I should have pulled trigger yesterday, I felt like I had a tiger by the tale. That feeling began this weekend when I realize the PUTS of like strike price were worth, pardon, were priced twice as much as the CALLS. Then I read the Barrons article about the SCAPE trail and why it’s soaring and noting basically that gravity still works. It’s difficult to get good charts right now but improving, but I would suggest both reading the article and also looking at the NKLA six, nine or twelve month chart showing the June timeframe which might be good for caster for QS near future.
Net net…I sold 9 of ten 35$ calls this morning at a great profit but not what they were going for yesterday for sure. The spread was just too much yesterday and probably only immediate action after opening would have resulted in getting good price. I held on to one and the new $50 call for small position in case future is better but I’m liking my settled stomach now.
That Tiger had teeth.