GHACThese units only include 1/3 warrant, less opportunity to remove risk by selling warrants. Moved around 10% on the portfolio into this at $10.34 leaving risk capped at 3.4% before warrant value is considered.
Like other Spac positions, I plan to sell warrants to relieve risk on the share position, then sell the share position around the merger, not necessarily before it after.
Spac
The Quantum Escape 🚀We must be clear that when it comes to atoms, language can be used only as in poetry.
-Niels Bohr
ANDA warrants are all but a certain win right now - SHORT TERMat $0.15 on the chart at time of writing, statistically speaking, this should double in the next week... if not 1st thing Monday morning.
Aside from the obvious problem they face with the merger, this will probably be one of those times where I should have opened a bigger position, but I will still play it smart.
$CLOV Bearish Channels Breakout upward Incoming$CLOV was consolidating after a retracement down. After consolidation and approaching the edge of a wedge indicating a big movement. They were unexpectedly the target of a short sellers report which caused the movement to continue downward. With a well articulated rebuttal the doc was able to rally and bounce back up. We appear to be at the bottom of a bearish channel and will likely retrace back up in the near future a short squeeze caused by any positive catalyst will likely break the channel upward allowing us to retrace upward towards the $14 area. With February 19th options expiring I expect the retracement to happen soon after.
$CLOVCounter trade me once again. $20 by mid may. Already started a may position on that dip this morning when you guys were selling like a bunch of weak handed rookies. $11.56 is when I loaded up clov may calls. I will be adding on dips only I am comfortably in profits. FEW UNDERSTAND
"NGA" merging with Lion Electric. huge growth potential!NYSE:NGA This SPAC will soon merge with lion electric. Lion Electric is the only manufacturer that makes e-schoolbuses and is providing them to schools right now. with the new Biden plan(500k e-schoolbuses) Lion electric will definitely be a huge winner, since the demand for e-schoolbuses will be huge in 2021 and in the following years. they also make other commercial evs such as trucks. they recently had a deal with AMAZON and have orders coming from many clients in canada and north america. After the merger the ticker symbol will change to LEV and now in terms of technicals its a great time to buy.(fib level)(strong support)(consistent uptrend).
Gap closed, finding support. Reversal is imminent now.If support is strong we will go back to ATH forming the handle on the wide base cup.
Virgin Galactic SPCE Long 100%+On my previous analysis I foresaw a 60% profit, and I was short, we are now over 100% well in profits if your entry was at the golden pocket fibonacci retracement.
Now on this analysis, I can see SPCE moving inside a macro-channel, with high probabilities to touch the upper edge of the channel, reaching 100 USD if the following test of VSS Unity is successful. If not we can expect a sell off that could get us back to the twenties.
I would wait for the price to get back to the 40s to add more to my position, before the next test flight.
Virgin Galactic has been building partnerships with NASA to create an astronaut training program, and to develop supersonic aircraft. It also signed a memorandum of understanding with Rolls-Royce to collaborate in designing and developing engine propulsion technology for Mach 3 commercial aircraft.
The next test flight window for its SpaceShipTwo will open on Feb. 13, so fasten your seatbelts.
As always those are my own views, DYOR.
Please let me know what you think in the comments.
Analysis request: CCIV Long above 32.02Id like to see support continue above $28.00 on top of the current support zone, and above the orange trend.
The RSI is still cooling down a little and i wouldnt be suprised if we retrace further to the likes of 25.30 if we dont hold 28.
Id expect trading to continue above the current trend line (Red), but if we fall below, id be watching for 22.69 for support
Bearish below 25.30, bullish above 32.02, id stop out on a short term position under 25, or 22.69
It may take another day of red before buyers have an edge, and we resume to the upside.
A dormant monster, great chance will rally 60% up.Last time this was oversold we went up 60%. Will it do the same this time? If it does will touch previous high of $24.
I like the chart because we have coiled up inside a triangle consolidating so the move should be explosive to the previous highs. The consolidation inside the triangle also resembles as W for Winner so more chances for this to complete the letter W which also goes to $24.
$BFT Continued Uptrend: TP #1: $25+A special acquisition for a PayPal competitor that has way less of a marketcap, but way higher of a TAM and growth potential opportunity. Sort of reminds me of the $JMIA play in regards to $BABA. Pattern is on an uptrend as well w/ continued support levels and likely positive sentiment. That said, do your own due diligence and invest at your own risk. Everything I say is on an opinion based basis.
update on cup and handle prediction I posted last weekI posted on this last week. I is really looking like a nice cup and handle is forming. With the great news out today and with the high volume and anticipation I think we are going to continue to trend upwards with pullbacks along the way. By Febuary we could be looking at $70/share.
Latch to Merge with TSIA SPAC and Become Publicly Listed CompanyLatch, Maker of Full-Building Enterprise SaaS Platform LatchOS, to Merge with Tishman Speyer-Sponsored SPAC and Become Publicly Listed Company
Provides Capital to Accelerate Latch's Expansion and Drive Enhanced Growth; More Than One-in-Ten New Apartments in the U.S. Built with LatchOS in 2019
Latch to Have up to $510 Million in Cash, Including $190 Million in PIPE Investments Anchored by Funds and Accounts Managed by BlackRock, D1 Capital Partners, Durable Capital Partners LP, Fidelity Management & Research Company LLC, Chamath Palihapitiya, The Spruce House Partnership, Wellington Management, ArrowMark Partners, Avenir and Lux Capital
-- Transaction Values Latch at Equity Value of $1.56 Billion Post-Money
The Company has booked over 300,000 units across more than 35 states, with one in ten new multifamily apartments in the United States built with Latch in 2019.
"Latch has successfully created an entire ecosystem around our full building operating system, devices, and partners that enhances the building experience for both owners and residents,"
The Company has generated strong results to date, including $167 million in Booked Revenue1 in 2020, which represents 49 percent growth from 2019; zero customer churn leading to 100 percent Gross Revenue Retention2; and a strong SaaS company Lifetime Value (LTV) to Customer Acquisition Costs (CAC) ratio of 6.8x3.
The transaction, which has been unanimously approved by TSIA's board of directors, is expected to close in the second quarter of 2021.
finance.yahoo.com
Sunlight Financial LLC to List on NYSE Through Merger With SPRQSunlight Financial LLC, a Premier Residential Solar Financing Platform, to List on NYSE Through Merger With Apollo-Affiliated Spartan Acquisition Corp. II
Sunlight and Apollo-Affiliated Spartan Acquisition Corp. II (NYSE: SPRQ) Enter Into Business Combination Agreement
Institutional Investors Led By Chamath Palihapitiya, Coatue, Funds and Accounts Managed by BlackRock, Franklin Templeton and Neuberger Berman Commit to Invest $250 Million at Closing in Common Stock PIPE at $10.00 per Share
Pro Forma Implied Equity Value of the Combined Company is Approximately $1.3 Billion
Sunlight has arranged financing for more than an estimated 100,000 residential solar systems, which will produce over 500 megawatts of solar-generated electricity and avoid more than 10 million metric tons of carbon dioxide emissions.
Leading POS platform through which over $3.5 billion of loans have been originated in the rapidly growing residential solar market
Upon the closing of the transaction, existing Sunlight equityholders are expected to own approximately 50% of the combined company, Spartan stockholders are expected to own approximately 26%, and PIPE participants are expected to own approximately 19%.
The transaction is expected to close in the second quarter of 2021.
finance.yahoo.com
BFT Long Opportunity! Paysafe will payoutToday we saw a strong bearish move in SPX, its biggest since October. Accompanying this was a strong sell off in a wide variety of sectors. This can definitely be the beginning of a bigger correction but that also means there is plenty of stocks that will be touching prices we haven't seen in a long time. The SPAC movement lost some momeuntum the past few days with the WSB short squeezes and market pandemonium that ensued. However, I think that top SPACs will have the attention turned to them sooner rather than later. BFT is one of those. I will not dive into BFT and its merger with Paysafe but leave that up to your own DD but, I will post a link below that is informative. I was put on to this specific stock by Mr. Aaron so shouts out to you.
BFT is currently on a 25% sell off from its ATHs just three days ago, reaching the 19.54 lvl. The most intriguing part about it was today's massive volume compared to the previous 4 days (20 million vs 8, 14, and 8 respectively). Looking at the short volume from today's action almost 2 million of that was short volume. Today's action showed a significant decrease in the short volume ratio which is something to be aware of as we note this 25% sell off the past few days.
For more details about BFT and its merger with Paysafe check out this link www.nasdaq.com
Chart:
Today we had a huge gap down and subsequent sell off. I suspect many shorts taking profits as we enter levels of stronger support. We are currently sitting at a HVN at the $14.73 range. Watch to see what BFT does tomorrow and Friday (1/28 & 1/29). I am overall looking to add BFT to my portfolio because I believe Paysafe is a foundation of the payment processing sector.
4h RSI: 28.62
4h MACD: significant bearish momentum
Volume: The key for a bottom --> consolidation --> bounce here will be the volume. It will tell us when a reversal is likely. We are touching the POC on daily chart.
Plan: Depending on price action tomorrow I would like to enter the trade in the 14.40-15.27 range. If we continue to sell off I am eyeing the 14-13.65 lvl of support for another entry. Ideally we want to consolidate at this 15 lvl for the next few days. We are still early on this stock and I am eyeing this for a longer term hold.
Long VGAC rumor!Going long the 23andMe SPAC Merger Rumors with a plan to sell the news. At $13.50/share, this has been a decent entry of almost any SPAC. Regardless of news etc. we plan on selling the majority of our positions BEFORE the ticker changes to avoid being over exposed during the warrant execution period and subsequent dilution. From a technical analysis perspective, $13 is appearing as short term support with $12.25 being major support
FISKER may be a BUYFISKER $FSR broke out of its consolidation triangle above a strong support line around $14.50. If today's candle closes above the resistance line of the triangle, we have started a new rally that can take $FSR to new highs. Note the resistance lines on the way to new highs.
$VLDR BUY confirmed$VLDR broke out and close on volume outside the triangle, it confirms our BUY signal. $VLDR Short Float 53.65%, today it stopped at $25 resistance; if it is broken the price should not have any problem to quickly get to 30s. This could be a catalyst for a short squeeze too, trade on your own risk, DYODD, not financial advice
$INAQ forming a re-entry patternMetroMile, mile-based auto insurance that is backed by Mark Cuban and Chamath Palihapitiya is forming a dip inside a rising channel that may offer a good opportunity to enter or buy. Watch for the reaction when it hits the support line. As always DYODD. Not financial advice!
THCB - MJ SPAC entriesLooks like Synergy of Indicators (SOI will give us ROI). Fib lines, this has an easy chart to follow as well. NIce and clean with a clear ABC that lines up with 1.618 extension.
We have a little ways to go down before we go up.
STIC over 15.52STIC is a SPAC acquiring pet subscription business Barkbox. Technically looks set up for a move higher.
Holding at the support, it may be a good place to enter.It still kept the uptrend and it hold at support. The wicks on the candle show at the this price buyers are coming in. There is a good possibility we return from here
. I would start buying in increments in case the support is broken. The RSI shows oversold and I would like to see the MACD crossing as well before I buy more.
This is not a financial advise.
GHIV split chart 2h and Daily with MACDSPAC PLAY.
Quick observations
Top chart - 2h - Notice the 200ma is acting as a level of support in multiple places. But now we see the quicker EMAs coming together and trending down. We appear to be headed towards the dreaded death cross (when a slower moving average crosses above a faster moving average) and honestly that wouldn't surprise me if it happened.
SPACs can get the volume, especially this stock. And lemme tell you, that's what it needs.
$12.30 is our support on decent volume. But again its (basically) right on the 200ma. That should push this up towards the first resistance, $12.91.
Bottom chart - daily. Not much to see here. All the volume of course has come over the last few weeks since it is receiving pages and pages of tweets and articles and likes and comments. For this to have any shot it's gotta maintain the hype.
50ema is trending up which is a good sign.
Just like all the other weeks, this is on my list. All SPAC's are pretty much on my list at all times and I am ready to go at a moments notice if needed.
