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I'm considering setting a buy limit on CCIV if it dips to like $45. Is that dumb as hell in case there's a spike and sell off on an announcement? I sold my initial commons (in at $30, out at $52). Maybe I should just buy calls in that case? My account isn't approved for options or margin so I'd have to go through that process with etrade.
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Feb 20, 2021 01:57
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I got in on SFTW late but 14 bucks so let’s see if that flies on recent news. Anyone following this one?
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Feb 20, 2021 02:09
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Pilfered Pallbearers posted:I'm considering setting a buy limit on CCIV if it dips to like $45. Is that dumb as hell in case there's a spike and sell off on an announcement? I sold my initial commons (in at $30, out at $52). iirc my etrade account got approved for options really quickly, maybe instantly, when i set it up. its not much of a process. the thing about buying calls is obviously you have to time it right, and also premiums on CCIV calls are pretty outrageous right now.
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Feb 20, 2021 02:22
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Speaking of SPAC calls, anyone own any for GIK? I have March calls I’m thinking of rolling into April or May after today.
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Feb 20, 2021 02:27
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Pilfered Pallbearers posted:I'm considering setting a buy limit on CCIV if it dips to like $45. Is that dumb as hell in case there's a spike and sell off on an announcement? I sold my initial commons (in at $30, out at $52). you could sell a put for $45. pick up premium and if it dips there you can buy the shares anyway
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Feb 20, 2021 02:30
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Rolo posted:Speaking of SPAC calls, anyone own any for GIK? I have March calls I’m thinking of rolling into April or May after today. i have a bunch of march calls that i picked up last week for cheap but they're way way way down cause it just keeps going down and now they're even cheaper. im going to roll them out to april but im not sure about gik anymore
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Feb 20, 2021 02:48
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Shammypants posted:I got in on SFTW late but 14 bucks so let’s see if that flies on recent news. Anyone following this one? I had 80 commons with a sub 11 cost basis, but sold it at 13.85 after it opened. My new plan is to sell the DA pop for the 25-40% gain. If I decide I want to get in afterwards there’s going to generally be lots of time to do that. Might make exceptions for stuff I’m pretty heavy on like NSTB or SCVX.
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Feb 20, 2021 03:07
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Jordan7hm posted:I had 80 commons with a sub 11 cost basis, but sold it at 13.85 after it opened. My new plan is to sell the DA pop for the 25-40% gain. If I decide I want to get in afterwards there’s going to generally be lots of time to do that. Let’s hope the Thiel/Musk pipeline and fanboyism takes this one past 22 soon
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Feb 20, 2021 03:11
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This is a super helpful thread and I appreciate all the time and effort everyone has put into it. Question: are the shareholder approval votes and the merger date the same? Or does the shareholder vote occur and some number of days later the merger happens? I've seen people refer to the approval vote and "not holding through the merger" and I wanted to clarify whether these two events were one and the same.
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Feb 20, 2021 05:19
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ketchup vs catsup posted:This is a super helpful thread and I appreciate all the time and effort everyone has put into it. The merger vote occurs and then the merger itself is later, normally very quickly.
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Feb 20, 2021 05:29
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Jordan7hm posted:The merger vote occurs and then the merger itself is later, normally very quickly. How quickly? when people in this thread say "don't hold through the merger" that's functionally the same as "sell right before the merger vote?"
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Feb 20, 2021 05:32
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ketchup vs catsup posted:How quickly? Very quick, like 2 days. I'd defer to FistEnergy on that one as I haven't held on nearly long enough for that. This did make me go look at some recent listings though and I guess here are some random examples. NOVS became APPH. Vote was on Jan 28 (24.68), merger was on Feb 1 (35.85). Currently 35.70. PCPL became ETWO. Vote was on Feb 2 (11.30), merger was on Feb 5 (10.98). Currently 9.74. MCAC became PLBY. Vote was on Feb 9 (13.45) , merger was on Feb 11 (12.98). Currently 14.32. If you're curious to see recent post merger spacs there's a calendar of events here that's filled with listings: https://calendar.spactrack.net/spactrack/pinboard?startms=1609477200000
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Feb 20, 2021 05:45
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ketchup vs catsup posted:How quickly? Don't hold through merger actually means sell before the merger vote. The protection from losing your shirt with the $10 NAV goes away after you decline the redemption option when you vote for/against the merger. It doesn't matter if the ticker change is the next day or 10 days away, there isn't another chance to get a redeem option.
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Feb 20, 2021 05:51
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Jordan7hm posted:Very quick, like 2 days. Arzakon posted:Don't hold through merger actually means sell before the merger vote. The protection from losing your shirt with the $10 NAV goes away after you decline the redemption option when you vote for/against the merger. It doesn't matter if the ticker change is the next day or 10 days away, there isn't another chance to get a redeem option. thank you both for clarifying, this made it clear to me.
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Feb 20, 2021 06:16
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A MIRACLE posted:you could sell a put for $45. pick up premium and if it dips there you can buy the shares anyway That’s a pretty good idea (if you’re thinking of doing what the poster said)
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Feb 20, 2021 21:34
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The two month 45s were going for 1200 last week  I think even if it dipped it would have had to dip to like 30 something to lose money on that option
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Feb 20, 2021 21:42
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https://twitter.com/SpacTiger/status/1363222559236456455?s=19
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Feb 20, 2021 22:27
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drat well now I really regret not getting in again on Friday.
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Feb 20, 2021 22:33
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Lol dammit Though I’m fairly new to SPAC trading so I’m curious what those who are still in are gonna be doing based on this. Say an announcement happens on Tuesday, are you going to sell after the announcement? Will you keep holding until a deal is finished and sell? I told myself “profit is profit” when I sold at 48 and promised I wouldn’t dwell on it, but hell.
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Feb 20, 2021 22:34
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Tetramin posted:Lol dammit Is there even going to be a pop if an announcement is made on Tuesday, everyone knows the merger's pretty much a sure thing at this point right? I think we'll see a pop on Monday and then I'm betting there will actually be a sell off whenever the official announcement is made. I'm pretty sure I'll be selling my remaining shares on Monday. But I'm an idiot who sold 90% of my shares when it hit $12 so don't listen to me.
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Feb 20, 2021 22:56
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cciv may not act like regular spacs, who knows depending on how monday/tuesday pan out, ill probably take some profit but ive said that before and continue to hold. i even bought back my calls so my shares wouldn't get assigned and instead sold higher strikes which expired worthless thankfully. i thought id sell $95cc's on monday but ill probably wait to see how much the news spikes it before i do that
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Feb 20, 2021 23:04
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I was making my own spreadsheet today to track my own holdings and DD and was thinking that absent news I'd likely sell Monday if CCIV got back to say $60 probably, but hadn't set any orders yet. Now I'm going to be looking at early Monday and seeing how things play out in real time. Any thoughts on how much say the Berlin market tracks to the US market for something like CCIV?
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Feb 20, 2021 23:07
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Wifi Toilet posted:Is there even going to be a pop if an announcement is made on Tuesday, everyone knows the merger's pretty much a sure thing at this point right? I think we'll see a pop on Monday and then I'm betting there will actually be a sell off whenever the official announcement is made. I'm pretty sure I'll be selling my remaining shares on Monday. But I'm an idiot who sold 90% of my shares when it hit $12 so don't listen to me. Yeah a sell Monday morning when it blasts off was actually my first thought too, the whole merger might already be priced in as it is.
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Feb 20, 2021 23:23
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FistEnergy posted:Talking in Discord and sniffing around, it really seems like SCVX is getting ready to announce a deal pretty soon. Still pretty cheap too. After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants.  From what I’ve seen, SentinelOne is SCVX’s number 1 prospective target, and having an announcement 30 mins prior to market open might imply something related. 
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Feb 21, 2021 06:19
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Handen posted:After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants. I don’t own warrants but I picked up 200 commons last week so let’s go.
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Feb 21, 2021 06:27
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Handen posted:After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants. Hell yes. Maybe shuffling limit orders to buy 170 shares at 7:58PM on Friday will pay off.
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Feb 21, 2021 06:29
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Why would one of the smaller cybersecurity SPACs be the one to land SentinelOne? Aren't there SPACs raising a lot more capital already? Also aren't they really old in SPAC years? Like other firms acquire targets in 4 months or less and they took a lot longer? Does that insprie confidence? Could it just be other news, like SentinelOne buying companies like Scalyr? https://nimbus-t.com/sentinelone-deal/ Shammypants fucked around with this message at 06:49 on Feb 21, 2021 |
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Feb 21, 2021 06:33
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Shammypants posted:Could it just be other news, like SentinelOne buying companies like Scalyr? https://nimbus-t.com/sentinelone-deal/ It could be any news, but two clues point in a favourable direction: S1 buying Scalyr fits into SCVX’s broader cyber security sector consolidation focus (they may have been waiting for this to happen before announcing), and it seems odd that a California based company would have a news release at 6am unless it contained information intended to have some effect on the market. Unless I’m totally out to lunch, are we aware of many other cybersecurity SPACs hunting for targets? Edit: NDAC, but it’s brand spankin’ new. XYZAB fucked around with this message at 10:30 on Feb 21, 2021 |
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Feb 21, 2021 08:09
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Handen posted:It could be any news, but two clues point in a favourable direction: S1 buying Scalyr fits into SCVX’s broader cyber security sector consolidation focus (they may have been waiting for this to happen before announcing), and it seems odd that a California based company would have a news release at 6am unless it contained information intended to have some effect on the market. Ndac isn't listed yet. There's also ephy but ephy hasn't split yet.
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Feb 21, 2021 15:28
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Edit: Whoops, SPACs have two years, not one. I learned something very valuable today!
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Feb 21, 2021 15:35
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Jalumibnkrayal posted:I hold SCVX commons and might dip into warrants, but won't the SPAC unravel April 1 if they don't get a DA or vote extension? They listed on Apr 1 2020 and they have one year to get something done, right? So them saying that they're in the 9th inning to get something done might be more out of desperation than locking in their perfect target. They've got two years to pick something up. The only spac expiring in April is latn.
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Feb 21, 2021 15:38
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Jalumibnkrayal posted:I hold SCVX commons and might dip into warrants, but won't the SPAC unravel April 1 if they don't get a DA or vote extension? They listed on Apr 1 2020 and they have one year to get something done, right? So them saying that they're in the 9th inning to get something done might be more out of desperation than locking in their perfect target. They IPOed on 1/24/2020 and have two years to finish
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Feb 21, 2021 15:39
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GrandmaParty posted:They've got two years to pick something up. The only spac expiring in April is latn. Jose Valasquez posted:They IPOed on 1/24/2020 and have two years to finish Thank you. I'll probably add warrants on Monday.
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Feb 21, 2021 15:41
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Handen posted:After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants. Good rumor, thanks for sharing
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Feb 21, 2021 15:52
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Jalumibnkrayal posted:Edit: Whoops, SPACs have two years, not one. I learned something very valuable today! Depends on the SPAC.
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Feb 21, 2021 16:02
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Are you guys saying I should grab some scvx pre market or has the ship sailed on that
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Feb 21, 2021 17:20
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A MIRACLE posted:Are you guys saying I should grab some scvx pre market or has the ship sailed on that It's only 11.25, not much risk there, I bought in less than 2 weeks ago and I'm up 3% so it's not like you missed much from getting in earlier either.
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Feb 21, 2021 18:21
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Handen posted:After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants. Fingers fuckin' crossed. Ephy hasn't split yet and Nightdragon hasn't listed yet but there's also like 1000 goddamned spacs. G-Mawwwwwww fucked around with this message at 18:27 on Feb 21, 2021 |
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Feb 21, 2021 18:24
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A MIRACLE posted:Are you guys saying I should grab some scvx pre market or has the ship sailed on that I think it's a good speculative bet at this price. I'm glad I doubled up on Friday.
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Feb 21, 2021 18:39
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Handen posted:After I bailed on CCIV I did a little sleuthing and opened a sizeable position in SCVX warrants. SentinelOne had $200M and $267M funding rounds in 2020 and just announced the acquisition of Scalyr for $155M. SCVX ($230M) is probably going to need a big PIPE to take a sizable chunk of SentinelOne (November Valuation $3.1B). SCVX did say they would be going after multiple targets so this could be it. Or that Tuesday conference call is just to show off SentinelOne+Scalyr and it has nothing to do with SCVX. 6AM PT is a weird time if it isn't an announcement though. Out of everything I've seen floated for SCVX this is the only one I've seen that looks like its worth a poo poo so I'm hopeful.
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Feb 21, 2021 20:11
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