Off-Topic /
Stock Market and Trading Talk [1011]
@Ziemowit
What made you pick up such a splendidly performing stock in the first place? You are a genius ...
No Ziemowit, there is only one genius here and that is Rich.
But since you ask that question I have been keeping track of how and why I am picking my next stock just for you.
If you have a little money available, and you are willing to treat it as a gamble, here is something you might look at.
In the past, whenever someone wanted to bring a company to market, they would use the Initial Public Offering route (IPO).
But there are big fees that have to be paid to the bankers and the NYSE.
Then somebody got the bright idea that they could take a company that was already listed and traded on the NYSE, strip it of any unnecessary assets, and then merge another company into that shell of a company.
That way it could already be trading, but would now trade as a totally new company, without all of the normal fees associated with an IPO.
Right now there are probably 50 of these shell companies waiting to merge with another company.
I believe most, or all of them have already made the necessary agreements to acquire another company.
And they likely already have the financing arranged with the bankers to take the deal to market.
Anyway, I often watch these companies because every now and then one of them will take off in price for some reason.
It takes a bit of study to figure out what the pending deal is going to look like.
Anyway, I found one yesterday that looked interesting.
The company is TPG Pace Beneficial Finance and they are going to merge with another company that they just bought called EVBox.
By the end of the 1st quarter of 2021 the deal will be done and they will be trading under the name EVBox.
This deal is getting some attention from somebody and is already trading about 3 million shares a day.
My trading charts are indifferent on this one yet so I am on my own.
The stock is selling at something like $27.00 per share.
Today I bought 1,000 shares of it and it is trading down about $2.00, or 6.6% today.
My price was about $27.
I don't know why it's trading down, but I do prefer to buy stocks on a down day, rather than chase them on the way up.
According to information on their website, I calculate that the company may be worth about $30 right now.
That doesn't mean that it won't go lower, though.
But, I think the company could have a good future.
EVBox is the largest electric vehicle charging network in Europe.
They have something like 900,000 charging stations in about 9 different countries.
They also sell charging stations that people can put in their home garages for their personal use.
It seems to be a quality outfit and electric vehicles will certainly be growing in Europe.
Also, the financial partners who are pulling all of this together have been doing this for over ten years and have a very good track record.
I don't think they would be risking their own money if they didn't know what they were doing.
Anyway, do a google search of EVBox and you can get a good idea of what they look like.
And again, only use money that you can afford to lose as it is a mere speculation at this point in time.
But, it could be fun to buy a little and watch to see what happens in the next three months.
There, now you know how I pick my stocks, much much research and some luck.
