FIREflower
Dryer sheet aficionado
Thanks for all the feedback and info, everyone!
It is a good story for doing a startup. Maybe not the best concept for make it growth and prosper.This statement seems a bit "soft" and pretty narrow for a tough, competitive market ... and, a market with slowing birth rates.
"About Owlet, Inc.
Owlet was founded by a team of parents in 2012. Owlet’s mission is to empower parents with the right information at the right time, to give them more peace of mind and help them find more joy in the journey of parenting. Owlet’s digital parenting platform aims to give parents real-time data and insights to help parents feel more calm and confident. Owlet believes that every parent deserves peace of mind and the opportunity to feel their well-rested best. Owlet also believes that every child deserves to live a long, happy, and healthy life, and is working to develop products to help further that belief."
I invested play money in a stock I thought was a sure thing. There was an article I read in the WSJ on "real Solar" and the upcoming Solar explosion and why it should be a buy
If this still in the SPAC phase you will get $10/share back. If it has been converted to an a company stock, then that is a different case. At this point, I would hang on, as you don't have much to lose by holding on to it...you have lost 80% already if you bought in at the traditional SPAC pricing. FYI, most SPACs are priced at $10, some are priced higher. SPACs can make you a lot of money if played correctly. Made a ton on QuantumScape last year. Bought it when it was a SPAC, and sold it when it after the IPO.
recently decided to throw some "play" money into stocks
Of your total investable assets, what % is invested in this?
Looks "interesting" , but a gamble ? I decide to gamble a bit today and bought some at $1.79 .... will try to forget about them for a while ... but as my investment was only for 1000 shares , I will ?? maybe buy some more if it goes down a bit more .... NOT always a good idea !!
Not a company that would normally have made it onto my radar .... so hope the OP has done me a good turn (May make up for my prior OTLY decision !! - cough)
Update : Bought a few more (Mid Feb) at 1.65 : It has crept up this month , with the odd jump like today with an 18.8% increase , which is odd - but only because the shares are "so cheap". Up nearly 80% since purchase , which is a nice figure , but not worth a lot ($) ............ since I only bought 2000 shares !
Will hold for now and watch what happens.
well .... for a change , LUCK (and it was pure luck) was on my side . On Friday , I sold half my holding for $5.16 each which was exactly 3 times my averaged buy price - and noticed just now that it's down 30% today ............... did something happen that I missed
Before you get excited , while the % figs are very very good , the gamble was small ($) , but I now have to think of either lying low , or buying back in again at this reduced figure , hmmm ..................
Good job!
Now down over 40%
3.0800 -2.1300 (-40.8829%)
Can't find any news that would explain the drop ?
Alas, I recently decided to throw some "play" money into stocks in a company I personally believe in but is currently....tanking big time.
Maybe not a "stupid" as much as a victim of fraud.
https://www.prnewswire.com/news-rel...t-inc-securities-fraud-lawsuit-301456589.html
Lawyers are looking for Class Action leads.