Maverick 22:48 PM - Aug 30 2020

Weekly Discussion: August 30-September 4, 2020

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Maverick - 3 years ago
Wednesday

🐢 continued to do its thing...but I think we'll see a fair amount of profit taking on Thursday, at least early on....it has just gone crazy last few days.  I am still expecting the merger vote date filing this week - also thinking it's going to be a shorter time frame and they're still going to get this done in September. $SHLL

Added $SOAC at 0.90 this week (warrants).  This is a pre-announcement SPAC that is a fairly new.  Looking for an announcement by end of year.  DD here https://stonks.chat/symbol/SOAC/posts/18

$FEAC had its merger announcement today.  The market sort of liked it, I did not.  I sold at 3.80 (from 2.97).

Maverick - 3 years ago
Tuesday

🐢🚀

That is all. 😆
Maverick - 3 years ago
Monday (Summary)

$SHLL had a proxy filing out today (spoiler, not quite the one we wanted) - I put notes over here https://stonks.chat/symbol/SHLL/posts/16

$RKT took at position at 29.00.  Will be out prior to the ER.  It is looking really toppy, so I might have dipped into the cookie jar once too many - we'll see.

$DPHC started to trend downward, as I hoped.

$TSLA and $AAPL were wonders to behold today.... 🚀
Maverick - 3 years ago
Sunday/Monday

$SHLL and SHLL+ (38 and 15.55) - it did its normal Friday run, I expect a Monday AM bump.  If their SEC filing clears and the vote date is announced, it should get a bit of a bump out of that.  I think it maxes out at 45 until the actual merger happens.  Then, anybody's guess up or down.  Warrants still have a big gap between their post-merger intrinsic value and current price. 

$RKT (28.42) has their ER on Sept 2.  I traded it on Friday a couple times for lunch money.  Might get a dip on Monday AM due to an article in WSJ/Dow Jones on Sunday that was negative.  I expect it to be around 31-32 before their ER.  It's an event, so I won't hold into the ER, if I trade it again.

$DPHC remains on watch for me.  No position at the moment. See the thread for DD.  I think the move here is in about 45 days.  The timing is really perfect because it could be the next play everybody obsesses over after SHLL merger is complete.

$FEAC is just drifting around.  No target announced yet, but I think we get one by EOY.

$TSLA and $AAPL will trade split-adjusted on Monday - though you'd need to live under a rock to not be aware of that.

I have one other SPAC I'm doing some research on, will post when I'm done.

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