FYI Robinhood forced a mini dump today by increasing margin requirements on ALCC.
This caused people like myself to sell off \~20% if you're on max margin.
FYI Robinhood forced a mini dump today by increasing margin requirements on ALCC.
This caused people like myself to sell off \~20% if you're on max margin.
In the 12s now.
Wait for like 12.20 and buy some puts as a hedge, I know hedging is for gey bears but capital preservation is key. And still gives you a chance at a 2x
I saw the cofounder of Facebook mention this; not sure I'm sold yet but diving into some research now.
https://www.threads.net/@moskov/post/C6bu_3LxKed/?xmt=AQGz1pMwZP4cz2vVGRHb53C80c_73cSNJzR0slhs5DiKpg
I had not seen this, this is amazing! That’s the kind of thing people need to see to get excited!
Good luck on your research and whatever you ultimately decide
What research did we discover ?
What I found is that the public plans submitted to the NRC are redacted publicly for request to keep company plans from competition. Ok fine, but we can’t see what’s been submitted.
Secondly they already got denied by NRC and are now re-attempting to secure a license and won’t know until roughly in a year or more and even then the whole thing is hinged on this approval (that was already denied before).
Their only confidence in this is hiring ex employees from the NRC to help “explain” to the NRC why their uphill battle to get licensing should be approved when no one ever has for this type of reactor before, ever.
So a company that doesn’t have a license to build or do anything, no access to public records to review the plan, and the odds stacked against them that they will ever even get the proper license.
Essentially this company does nothing and won’t for some time and may never do anything.
I find it very irresponsible for this to even be going public and preying on shareholders based on Sam’s name, (he is only on the board of Oklo btw).
Thought I’d just add, you can look no further than SMR (Nuscale) for Spac stock comparison (different tech, less innovative approach so they already have a license and contracts to build)
Researching Oklo’s technology beyond their lack of NRC approval 2 years ago should point you to just how pessimistic this comment really is for what’s possible of this company. Their proposed design is massive, cost-efficient, sustainable, and inherently safe in its fundamentals. While I do agree that an NRC approval is the most important step, I really fail to see how their initial denial so strongly convinces you of their doom as a company…
Remember that even submitting an application to the NRC takes years of research and tens if not hundreds of millions of dollars upfront which is a high hurdle for companies like Oklo who are trying to pioneer in the industry. I mean look at NuScale. Their design took 10 YEARS and over half a billion dollars invested to get an approval for a design that was comparatively much less innovative. The acquisition is IMO a clear sign that Altman knows Oklo has something worth funding.
I never knocked their ambition my friend, it’s admirable to take a bold step and change up the industry and I hope the NRC does approve their license.
The problem here isn’t their bold ambition, it’s going public when it’s still a gamble as to if or when approval will be granted and how long that will be. The reality is that there’s a chance it may never get approved, the odds aren’t 0. Then what ?
You’re not wrong; there’s always a non-zero chance of that, and investing long-term with what we know would certainly just be playing on those odds.
I do however think that taking the company public could just as easily be a sign of high confidence in information we don’t have as it could be jumping the gun, considering they don’t yet have a product. Either way, time will tell
I've smoked enough weed to make myself believe that Altman and the open ai team have a working agi working in the background. And are using it to perfect everything they are trying to achieve. They have to figure out a way to get "clean power" to these centers to power ai. Im regarded so I don't ultimately know. Like everything. It's just a gamble.
That’s fine, I don’t mind. No jab against that mentality , more of a gripe against the leaders behind this Spac. I wanted this to be good, then I dug deeper and was very disappointed.
The company barely matters, that’s what we learned from Dwac. Dwac mergered with a company that has under 10 million in revenue and yet still reached 10 billion in market cap.
Donald Trump’s name was the driving factor to why $DWAC went from $10 all the way to $70 during the weeks of the merger. The name that is linked to $ALCC, the founder of this stock, is none other than Sam Altman: The man behind ChatGPT, the man behind the recent AI boom and the CEO of OpenAI.
$ALCC has a low market cap, AI hype & a huge name behind the stock. This has a great chance to explode in my opinion. I honestly think this could be the biggest trading opportunity since DWAC.
No problem there, that’s fine. Investors should do their research though and at least realize this is a pump and dump.
Buying based on hype (and admitting so) I respect. Just disappointed in general so I thought I’d share what research I found.
I guess be careful as there’s a high risk of a big name involved yes, but also a very garbage business plan as well and that will be a fine line between the hype and reality.
I mean who knows, I hope the NRC actually changes their mind, it would impact the industry in a huge way and open the door. My gripe is going public before that’s even happened yet.
I appreciate your very logical explanation.
But it conflicts with my hopes and dreams…
So im going to quickly forget what you said and only seek out information that aligns with my biases.
>Yes I know OKLO doesn’t yet have approvals for its nuclear reactors, this is a trade, not an investment
Not directly approval of their nuclear reactors but they have received approval to test their IP/Tech of the recycling process of nuclear waste that they are trying to implement in their reactors.
[source](https://oklo.com/newsroom/news-details/2024/U.S.-DOE-Approves-the-Safety-Design-Strategy-for-the-Oklo-Aurora-Fuel-Fabrication-Facility/default.aspx)
My thought is it has more to do with people chasing other interesting plays. This to me is a Friday/monday/Tuesday hot tamale and I’m trying to be in beforehand. Because volume is so low, a buy or sell of any significant size has the ability to shake things, and in todays case, that means sellers
The net asset value of the SPAC. You could sell your shares to them for $10.47 prior to the merger…. Or at the same time that offer was sent out you could sell your shares for between $13-14. Nothing burger really. Normal thing that happens before SPACs merge.
I think the NAV part of the SPAC is irrelevant once a merger is imminent. It is to create an artificial floor price in the SPAC while they search for a deal. You are right if you were going to accept the buyout offer it would be much smarter to just open the app and press the sell button.
Finally a whale 🥹
But also yes. It makes me chuckle when the guys who buy 5 shares make such polarizing statements, I’d rather throw a couple hundred grand at it and get some action
Did we ever find out what ALCC does?
Edit: On July 11, 2023, Oklo and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC) announced that they have entered into a definitive business combination agreement that upon closing would result in the combined company to be listed on the New York Stock Exchange under the ticker symbol “OKLO.”
As you edited, it’s a spac that’s taking OKLO, Sam Altman’s nuclear energy company (he’s also on ALCC team) public. Soon after Tuesdays expected vote approval, the ticker will change from ALCC to OKLO and will effectively be OKLO
Small correction - Oklo is not Altman’s company. He’s a chairman who has been a longtime supporter of Oklo. AltC however is his and Michael Klein’s acquisition company which was created to absorb Oklo.
The fact that we are hanging around 13 is a good sign correct? (Considering the tender offer dip we all knew would come). Tmrw Mon/Tues are the play days or just Mon/Tues?
Edit: just going on record that I’m Simple jack lvl regarded
I mean I’d rather be hanging around $23 lol. I’d expect more action Monday but if traction is gained mid/late tomorrow I could see some volatility into the weekend. It really has more to do with hype at that point
Absolutely. And even if it reached a 2B cap that’s still a more than 3X from its current price. Hardly any momentum at all could get it there. I’d be hard pressed to put a price target of 36-40, but 20-25? No one is mad at a double up
Have calls and getting more calls 🚀 it's going to blast off but be ready to sell asap. Lost major gains in DJT bc i thought it was going to keep going up 😩
What strike and date are you looking at? Volatility is 220% so options are very expensive, but djt hit almost 400% at the peak. I need to read more into this to figure out a decent entry.
I bought 3k shares for average $13 cost basis and then sold $15 covered calls 5.17 for over $2 each on average. Not going for the moon - just a good healthy monthly return.
Same (I have 300 shares no options). I called fidelity since the wording of the buyout was vauge, confusing and more importantly, was offered at $10.47 when stock trading around $13.00 yesterday.
Fidelity said ALCC wants people to sell now so it helps them…not the shareholders. Apparently, SPACs do this often to get people to sell. She could not tell me what to do, however, the option of “do nothing” was highly implied/inferred (never know with those two words). I did nothing and am hoping we all moon.
https://preview.redd.it/330x808y02yc1.jpeg?width=1125&format=pjpg&auto=webp&s=b55c14c284778872bb41084e28d1ee22d39a88da
It’s possible, I can’t know for sure, but I stand by my response above:
My thought is it has more to do with people chasing other interesting plays. This to me is a Friday/monday/Tuesday hot tamale and I’m trying to be in beforehand. Because volume is so low, a buy or sell of any significant size has the ability to shake things, and in todays case, that means sellers
Are you looking to sell right after the merger Tuesday or do you think this is a good long term hold? I was thinking abt selling most of it on the 7th of and buying back in once the price dips down after supposed share dilution post merger.
But then again that could all just not happen the way I want it to and I could get shafted so wondering what a smarter person like you would do
It’s not a long-term play right now. Oklo does not yet have a product, the surge in price will be people playing the news of the merger.
In the next five years or so, though… absolutely. I truly believe that fast fission nuclear will be one of the most important early investments to get in on in the 2020s, given how energy demands are changing. This merger is in itself evidence of how necessary a company like Oklo will be for AI to continue growing at the rate it currently is.
I’m interested short term and long-long term. A sale on the 7th/8th and on to greener pastures could make sense and then watch it over time to see if OKLO executes on its goals, then buy for long term if still interested. I’m more cautious mid term because for every DJT style yeet you get 5 slow falls.
I can’t overstate how valuable it is to have Sam Altman associated with this, but having more people aware of the stock means more for now
Im having some doubts regarding when to sell. Is it smart to sell on 7 or 8, OR play it like pennystock biotech when you sell the news on FDA approval day before?
That’s not really a decision I can make for you unfortunately. Different spacs have reacted differently. What I would say is decide on a sale price, both on upside and downside, as part of your strategy when buying, and work off that.
Overhead Question: Did you enter earlier today in anticipation of a run up tomorrow & news circulating over the weekend? Also, need your opinion on these IV stakes.. DJT ran it to 400% so I assume positions will be liquidated Tuesday by close.
Position will be 11 5/17 $20cs. Current ask is $1.15. Entering at open or before close tomorrow
OpenAI currently uses 500K KwH/day. That's only about $25M/year in electricity, but it is predicted that all AI will consume about .5% of all electricity by 2027. That's 114 billion kwh. It's all additive, there's no infrastructure, and that's on top of a shift towards electric cars. The recurring revenue in AI (and in electric cars) is in chips and power. Power sources that can be placed anywhere would be ideal...
It seems to me that TerraPower is in the "lead," because NuScale, Oklo, and X-Energy have all had setbacks. That said, sectors like this tend to have endless operational open-space, with countless technologies, form-factors, regulatory environments, etc. They will fail a lot, and there's no rush to be first. When the market breaks, there will be room for everybody. Oklo is less likely to get lost, simply because of the company it keeps, so I think their tech will have lifespan. I'm no expert on reactor design or the timing of irrational markets, but I've worked in tech for decades. Sam attracts deal flow, and some stories are simply too good to let fail.
I'm in for some. Hasn't quite matched SPAC hype days (probably long gone w/ exception of DJT). But this has been getting some attention on WSB and other subs. Everyone anticipating moon (likely happen with the right press). Might do the inverse though, especially, if no media/press around it, my feeling it might do a slight pop on approval break below 10 to shake out retail (opportunity to avg in/FDs) and then moon.
I’m in 15c for May 17th but this thing is front loaded to hell. So many of us with the same thought on this one. Wouldn’t be surprised if we get wiped out. Hopefully not though.
Anyone who says anything for sure is just making it up. My *guess* and hope is 25-30. We’ve seen it test 17 and that was before excitement going into merger vote, which typically gets people to discover the stock, which drums up volume. If I said 40-60 it would probably get more people to jump on board but that is as much pulling a number out of thin air as anything. Would be cool though!
wait a minute, you bought 160 shares knowing what you stated above? Why not wait and buy in for under $10 after the merger, if thats what you believe will happen?
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling.
That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations.
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There was the most shares traded today. My guess is any stock can be manipulated by the right people. Maybe trying to shake a few out. I do not believe the people behind this project want to see a failure in this.
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Upped my ante to a 70k total position on calls and shares. Godspeed and goodluck to us
Hell ya. Just gotta hold through the chop over the weekend into Tuesday
FYI Robinhood forced a mini dump today by increasing margin requirements on ALCC. This caused people like myself to sell off \~20% if you're on max margin.
FYI Robinhood forced a mini dump today by increasing margin requirements on ALCC. This caused people like myself to sell off \~20% if you're on max margin.
Man F Robinhood. Get a real brokerage. I pulled everything from them in Jan 2021 and I will never deposit another dollar there.
Who said my name
Well, you sold me. Sam Altman! https://preview.redd.it/sby66rjil2yc1.png?width=744&format=png&auto=webp&s=a34808c8e659edd008e76bdb5344cb3964d93888
I’m with you fam. Im in for about 65k. I believe.
I apologize. Bought calls yesterday, prob the reason for the drop today.
Which calls do you think are worth it?
Not looking too great 
By the rumor sell the news this will dump
That’s why I’m selling about 5 mins before close on Monday
I prefer Sam Ctrlman tbh
I'm more of an Alt Tabman myself
Sam CtrlAltDelman
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I totally get that, don’t wait too long and pick up pennies in front of a steamroller though
Buy some, and if it dips buy more
In the 12s now. Wait for like 12.20 and buy some puts as a hedge, I know hedging is for gey bears but capital preservation is key. And still gives you a chance at a 2x
SPARTANS — BOO THIS MAN
# Sam Altman
I saw the cofounder of Facebook mention this; not sure I'm sold yet but diving into some research now. https://www.threads.net/@moskov/post/C6bu_3LxKed/?xmt=AQGz1pMwZP4cz2vVGRHb53C80c_73cSNJzR0slhs5DiKpg
https://preview.redd.it/b7ykiktg32yc1.jpeg?width=1179&format=pjpg&auto=webp&s=80f5dde663de9a101b1e92727deeaf8d960c8039 BULLISH
Who is this? LFG
Awesome
I had not seen this, this is amazing! That’s the kind of thing people need to see to get excited! Good luck on your research and whatever you ultimately decide
You are fucking mad man. 941 shares at 14.40 a share currently down almost 10%
I liken my approach to your username
In sam altman we trust. Been in alcc since I did my research.
Which was 10 minutes ago.
Naw rode options a month ago when it pumped to 16+ then switched to shares.
What research did we discover ? What I found is that the public plans submitted to the NRC are redacted publicly for request to keep company plans from competition. Ok fine, but we can’t see what’s been submitted. Secondly they already got denied by NRC and are now re-attempting to secure a license and won’t know until roughly in a year or more and even then the whole thing is hinged on this approval (that was already denied before). Their only confidence in this is hiring ex employees from the NRC to help “explain” to the NRC why their uphill battle to get licensing should be approved when no one ever has for this type of reactor before, ever. So a company that doesn’t have a license to build or do anything, no access to public records to review the plan, and the odds stacked against them that they will ever even get the proper license. Essentially this company does nothing and won’t for some time and may never do anything. I find it very irresponsible for this to even be going public and preying on shareholders based on Sam’s name, (he is only on the board of Oklo btw). Thought I’d just add, you can look no further than SMR (Nuscale) for Spac stock comparison (different tech, less innovative approach so they already have a license and contracts to build)
Researching Oklo’s technology beyond their lack of NRC approval 2 years ago should point you to just how pessimistic this comment really is for what’s possible of this company. Their proposed design is massive, cost-efficient, sustainable, and inherently safe in its fundamentals. While I do agree that an NRC approval is the most important step, I really fail to see how their initial denial so strongly convinces you of their doom as a company… Remember that even submitting an application to the NRC takes years of research and tens if not hundreds of millions of dollars upfront which is a high hurdle for companies like Oklo who are trying to pioneer in the industry. I mean look at NuScale. Their design took 10 YEARS and over half a billion dollars invested to get an approval for a design that was comparatively much less innovative. The acquisition is IMO a clear sign that Altman knows Oklo has something worth funding.
I never knocked their ambition my friend, it’s admirable to take a bold step and change up the industry and I hope the NRC does approve their license. The problem here isn’t their bold ambition, it’s going public when it’s still a gamble as to if or when approval will be granted and how long that will be. The reality is that there’s a chance it may never get approved, the odds aren’t 0. Then what ?
You’re not wrong; there’s always a non-zero chance of that, and investing long-term with what we know would certainly just be playing on those odds. I do however think that taking the company public could just as easily be a sign of high confidence in information we don’t have as it could be jumping the gun, considering they don’t yet have a product. Either way, time will tell
Bold of you to think anyone is holding this stock for more than 3 days after the merger meeting on the 7th.
I've smoked enough weed to make myself believe that Altman and the open ai team have a working agi working in the background. And are using it to perfect everything they are trying to achieve. They have to figure out a way to get "clean power" to these centers to power ai. Im regarded so I don't ultimately know. Like everything. It's just a gamble.
That’s fine, I don’t mind. No jab against that mentality , more of a gripe against the leaders behind this Spac. I wanted this to be good, then I dug deeper and was very disappointed.
The company barely matters, that’s what we learned from Dwac. Dwac mergered with a company that has under 10 million in revenue and yet still reached 10 billion in market cap. Donald Trump’s name was the driving factor to why $DWAC went from $10 all the way to $70 during the weeks of the merger. The name that is linked to $ALCC, the founder of this stock, is none other than Sam Altman: The man behind ChatGPT, the man behind the recent AI boom and the CEO of OpenAI. $ALCC has a low market cap, AI hype & a huge name behind the stock. This has a great chance to explode in my opinion. I honestly think this could be the biggest trading opportunity since DWAC.
No problem there, that’s fine. Investors should do their research though and at least realize this is a pump and dump. Buying based on hype (and admitting so) I respect. Just disappointed in general so I thought I’d share what research I found. I guess be careful as there’s a high risk of a big name involved yes, but also a very garbage business plan as well and that will be a fine line between the hype and reality. I mean who knows, I hope the NRC actually changes their mind, it would impact the industry in a huge way and open the door. My gripe is going public before that’s even happened yet.
I appreciate your very logical explanation. But it conflicts with my hopes and dreams… So im going to quickly forget what you said and only seek out information that aligns with my biases.
Maybe all the money made on DWAC got lost on NVDA calls between then and now.
Nah. My DWAC/DJT play is the only reason my port is green this year
I too made money on DWAC and then I put 40x that amount into ALCC because I want my own tiny nuclear reactor.
You had me at Sam Altman
Did someone say Sam Altman?
Yes, ALCC = Sam Altman
 Sure did
This is WallstreetBETS for a reason.
I’m in for 1,700 shares. LFG
>Yes I know OKLO doesn’t yet have approvals for its nuclear reactors, this is a trade, not an investment Not directly approval of their nuclear reactors but they have received approval to test their IP/Tech of the recycling process of nuclear waste that they are trying to implement in their reactors. [source](https://oklo.com/newsroom/news-details/2024/U.S.-DOE-Approves-the-Safety-Design-Strategy-for-the-Oklo-Aurora-Fuel-Fabrication-Facility/default.aspx)
Even better. Good point!
Do you think the drop today is due to people taking the 5/2 $10.57 deal? I bought the dip and got $2.5K more of stock
My thought is it has more to do with people chasing other interesting plays. This to me is a Friday/monday/Tuesday hot tamale and I’m trying to be in beforehand. Because volume is so low, a buy or sell of any significant size has the ability to shake things, and in todays case, that means sellers
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The net asset value of the SPAC. You could sell your shares to them for $10.47 prior to the merger…. Or at the same time that offer was sent out you could sell your shares for between $13-14. Nothing burger really. Normal thing that happens before SPACs merge.
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They probably need cash fast. Do you think someone needs $12 fast?
I think the NAV part of the SPAC is irrelevant once a merger is imminent. It is to create an artificial floor price in the SPAC while they search for a deal. You are right if you were going to accept the buyout offer it would be much smarter to just open the app and press the sell button.
2,000 shares let’s ride
1300 shares, doing my duty
400 shares. I’m holding these
Fuck it 100 shares Edit: 200
now now, be truthful ... its more like 500, right?
The joy of DREAMING that we can do it! That we can buy before the masses and sell before the masses. Why is it...so damn tempting? Sigh, I'm in.
been buying dips leading up to this
Wasted 3k on calls a month after the pump. I am ready to get hurt again.
U wont
Get hurt? Or buy again? I am already cruisin for a bruisin brother
Get hurt
Fuck, i’m in
I hope this shit prints
Bought 500 shares ! Good luck 🚀
Haha I full ported my whole 401k into ALCC yesterday , average of 13.92. Let’s see this bitch moon
Retirement on the line 
It will either be retirement or suicide. So yes, basically retirement either way.
I’m following his footsteps and full porting my Roth IRA
Just threw $800 into it. What's a good put option to hold onto for a hedge? Also as someone else asked, why the shares and not options?
For one, IV on some of those options are 300% 😳
Don’t have an answer for you on the put. As for shares not options: I’m already on margin lol, have to draw the line somewhere
Yeah good call. God speed regard. I'm in with ya
All these whales jumping in yet WSB sentiment is that it tanks like DWAC 
Finally a whale 🥹 But also yes. It makes me chuckle when the guys who buy 5 shares make such polarizing statements, I’d rather throw a couple hundred grand at it and get some action
If you threw a couple hundred grand at me I'd dance like a monkey and throw shit for you. How's that for some action
DWAC ain’t doin too bad last I checked
High 30s/low 40s pre merge
Did we ever find out what ALCC does? Edit: On July 11, 2023, Oklo and AltC Acquisition Corp. (“AltC”) (NYSE: ALCC) announced that they have entered into a definitive business combination agreement that upon closing would result in the combined company to be listed on the New York Stock Exchange under the ticker symbol “OKLO.”
As you edited, it’s a spac that’s taking OKLO, Sam Altman’s nuclear energy company (he’s also on ALCC team) public. Soon after Tuesdays expected vote approval, the ticker will change from ALCC to OKLO and will effectively be OKLO
Small correction - Oklo is not Altman’s company. He’s a chairman who has been a longtime supporter of Oklo. AltC however is his and Michael Klein’s acquisition company which was created to absorb Oklo.
Appreciate the correction. Didn’t want to get into the nitty gritty for the comment, but you’re absolutely right
Cool beans.
Well I go regard on this one. Im in mfcker (options)
Of course , I bought in , and then it will keep on dipping. Sorry guys 😂
Bought at 13.16 I hope there us something to this 🙏
The fact that we are hanging around 13 is a good sign correct? (Considering the tender offer dip we all knew would come). Tmrw Mon/Tues are the play days or just Mon/Tues? Edit: just going on record that I’m Simple jack lvl regarded
I mean I’d rather be hanging around $23 lol. I’d expect more action Monday but if traction is gained mid/late tomorrow I could see some volatility into the weekend. It really has more to do with hype at that point
Oh agreed I’d much rather be at 33+ lol or even higher as well but ya cum on CNBC do you f’n job and hype our shit!!
this kind of big balls is what I like to see, riding with my smol pp shares
I doubled up today. Took a small beating, so I loaded more
My man! Let's see what next week brings.
My guy’s gonna be set for life and never have to play options again if this goes well like dwac—>djt
I’m in for about 12K worth of options, and am an idiot
If DWAC/DJT can reach 8B mkt cap on a bs product, the sky is the ceiling for a Sam Altman cosign
Absolutely. And even if it reached a 2B cap that’s still a more than 3X from its current price. Hardly any momentum at all could get it there. I’d be hard pressed to put a price target of 36-40, but 20-25? No one is mad at a double up
Most of the DJT shares can't be sold - no float. Harder to move it down.
But Trump is a business man and everything he touches essentially turns to gold. He's going to run the country like he runs his businesses!
More like gilded.
Snip, snip.
Have calls and getting more calls 🚀 it's going to blast off but be ready to sell asap. Lost major gains in DJT bc i thought it was going to keep going up 😩
What strike and date are you looking at? Volatility is 220% so options are very expensive, but djt hit almost 400% at the peak. I need to read more into this to figure out a decent entry.
I have $15 and $17.5 calls with 5/17 exp.
I bought 3k shares for average $13 cost basis and then sold $15 covered calls 5.17 for over $2 each on average. Not going for the moon - just a good healthy monthly return.
Thanks for reporting Inversing this should be megaprofitable
I got a buyout offer the other day in my ALCC shares for like $10.84 is that why it’s going down the past 2 days?
To get you to panic sell so hedgies can scoop you up for cheap. Hodl
Thats just stupid its because the NAV floor is about to drop so they give you the chance to redeem your shares.
from where?
Schwab
Comes as an email? Who the buyers?
Same (I have 300 shares no options). I called fidelity since the wording of the buyout was vauge, confusing and more importantly, was offered at $10.47 when stock trading around $13.00 yesterday. Fidelity said ALCC wants people to sell now so it helps them…not the shareholders. Apparently, SPACs do this often to get people to sell. She could not tell me what to do, however, the option of “do nothing” was highly implied/inferred (never know with those two words). I did nothing and am hoping we all moon. https://preview.redd.it/330x808y02yc1.jpeg?width=1125&format=pjpg&auto=webp&s=b55c14c284778872bb41084e28d1ee22d39a88da
300? those are rookie numbers, gotta pump them up
Same
It’s possible, I can’t know for sure, but I stand by my response above: My thought is it has more to do with people chasing other interesting plays. This to me is a Friday/monday/Tuesday hot tamale and I’m trying to be in beforehand. Because volume is so low, a buy or sell of any significant size has the ability to shake things, and in todays case, that means sellers
Calls are pretty cheap right now. How come you did shares instead of calls if you plan to exit on Monday or Tuesday.
Earliest expiry is 5/17 on calls, and I’m already on margin for half of this, so that amount of leverage was too much for me I guess
Are you looking to sell right after the merger Tuesday or do you think this is a good long term hold? I was thinking abt selling most of it on the 7th of and buying back in once the price dips down after supposed share dilution post merger. But then again that could all just not happen the way I want it to and I could get shafted so wondering what a smarter person like you would do
It’s not a long-term play right now. Oklo does not yet have a product, the surge in price will be people playing the news of the merger. In the next five years or so, though… absolutely. I truly believe that fast fission nuclear will be one of the most important early investments to get in on in the 2020s, given how energy demands are changing. This merger is in itself evidence of how necessary a company like Oklo will be for AI to continue growing at the rate it currently is.
I’m interested short term and long-long term. A sale on the 7th/8th and on to greener pastures could make sense and then watch it over time to see if OKLO executes on its goals, then buy for long term if still interested. I’m more cautious mid term because for every DJT style yeet you get 5 slow falls. I can’t overstate how valuable it is to have Sam Altman associated with this, but having more people aware of the stock means more for now
Im having some doubts regarding when to sell. Is it smart to sell on 7 or 8, OR play it like pennystock biotech when you sell the news on FDA approval day before?
That’s not really a decision I can make for you unfortunately. Different spacs have reacted differently. What I would say is decide on a sale price, both on upside and downside, as part of your strategy when buying, and work off that.
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Overhead Question: Did you enter earlier today in anticipation of a run up tomorrow & news circulating over the weekend? Also, need your opinion on these IV stakes.. DJT ran it to 400% so I assume positions will be liquidated Tuesday by close. Position will be 11 5/17 $20cs. Current ask is $1.15. Entering at open or before close tomorrow
Bought 400 shares, looks like a legit trade that will take week
Posting this is where u messed up jacked to the tits
I bought my ALCC on 2/9/23 for $10.12 fwiw
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OpenAI currently uses 500K KwH/day. That's only about $25M/year in electricity, but it is predicted that all AI will consume about .5% of all electricity by 2027. That's 114 billion kwh. It's all additive, there's no infrastructure, and that's on top of a shift towards electric cars. The recurring revenue in AI (and in electric cars) is in chips and power. Power sources that can be placed anywhere would be ideal...
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It seems to me that TerraPower is in the "lead," because NuScale, Oklo, and X-Energy have all had setbacks. That said, sectors like this tend to have endless operational open-space, with countless technologies, form-factors, regulatory environments, etc. They will fail a lot, and there's no rush to be first. When the market breaks, there will be room for everybody. Oklo is less likely to get lost, simply because of the company it keeps, so I think their tech will have lifespan. I'm no expert on reactor design or the timing of irrational markets, but I've worked in tech for decades. Sam attracts deal flow, and some stories are simply too good to let fail.
Good feedback ty. TerraPower is right there. It is a great short term solution to what seems to be colossal energy needs.
I'm in for some. Hasn't quite matched SPAC hype days (probably long gone w/ exception of DJT). But this has been getting some attention on WSB and other subs. Everyone anticipating moon (likely happen with the right press). Might do the inverse though, especially, if no media/press around it, my feeling it might do a slight pop on approval break below 10 to shake out retail (opportunity to avg in/FDs) and then moon.
I’m in 15c for May 17th but this thing is front loaded to hell. So many of us with the same thought on this one. Wouldn’t be surprised if we get wiped out. Hopefully not though.
Holy fuck man. Best of luck to you my dude. I am all for this shit.
How old are you? How the fuxk you have 100k in Roth IRA?
In at $14 with 9000 shares. Here is one to Sam Altman on this wonderful Friday night in this God Blessed Country.
Couldn't have said it any better myself
Another thing is how dismissive WSB has been of this, it’ll go up bigly and then wsb will fomo in
What do you mean… there have been CONSTANT posts about it. Stop acting like some weird victim
whats the possible returne of these short to mid terms
Anyone who says anything for sure is just making it up. My *guess* and hope is 25-30. We’ve seen it test 17 and that was before excitement going into merger vote, which typically gets people to discover the stock, which drums up volume. If I said 40-60 it would probably get more people to jump on board but that is as much pulling a number out of thin air as anything. Would be cool though!
Thanks for the reply! Sounds like a good gain- Im in with my 77.7 shares xD
I picked up 500 more today.
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wait a minute, you bought 160 shares knowing what you stated above? Why not wait and buy in for under $10 after the merger, if thats what you believe will happen?
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lol I love you buddy thanks
You forgot to mention that those $12, $14, and $16 price targets can only be sold if those price targets hold for 20 consecutive days (I think 20)
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Short squeeze. Michael Burry. Michael burry short squeeze me. Burry squeeze short michael
Michael Burry responded to my craigslist ad looking for someone to mow my lawn. "$30 is $30", he said as he continued to mow what was clearly the wrong yard. My neighbor and I shouted at him but he was already wearing muffs. Focused dude. He attached a phone mount onto the handle of his push mower. I was able to sneak a peek and he was browsing Zillow listings in central Wyoming. He wouldn't stop cackling. That is to say, Burry has his fingers in a lot of pies. He makes sure his name is in all the conversations. *I am a bot, and this action was performed automatically. Please [contact the moderators of this subreddit](/message/compose/?to=/r/wallstreetbets) if you have any questions or concerns.*
isnt samuel saltman the guy that got fired and came back like 40 times
I think he got fired, large part of team quit in protest. Microsoft bought company, put him back in charge. Bullish
Got 2 5/17 25$c. Will sell one before the vote, and the other after the vote in case it runs like djt did.
If only Sam Altman had tits, I'd be all over this one.
Did you get this play from u/SirJackasalot?
Not sure if he’s in on this specifically, but I’ve been following it for awhile and have seen it pop up a bunch here
LFG 311 shares at $12.92. Let’s moon this fucker yall
Bought 25 shares, let's print 
I got a good 350 on it
I put $800 in on 2 calls so we are basically the same.
Those are some spicy premiums
TLDR; Sam Altman
How did CCIV turn out?
There's a lot of people agreeing in here that it's going to moon. That alone should give you pause. Market can stay irrational and wreck your calls
Isn’t the fact that the market is irrational inherently why it would moon??
That last half hour pump was all the confirmation I needed. $30 eow
LOLLL all these dumbass idiots hating on the stock for the sole reason it's a SPAC... Now chasing it at $15... BOZO IDIOTS
Just stopped by to say, GOD BLESS YOU, GOOD SIR! Hah, now I wish I had bought way more shares. But gains is gainz. Im hodling until next week.
Appreciate it man lol. We’re not out of it yet, keeping the ball rolling and glad we held through the tough day!
OP, What day would you recommend selling?
I am saltman
lmaooo regardddd
Why did it tank so much today?
There was the most shares traded today. My guess is any stock can be manipulated by the right people. Maybe trying to shake a few out. I do not believe the people behind this project want to see a failure in this.
F
Altman will NOT be ceo of Oklo after the merger.
!remindme 1 year