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Duey posted:Everyone is selling the news. It’ll do what SPAC’s do and bleed for awhile and the come back pre-merger. Although maybe not $60. So buy tomorrow?! I actually sold this morning, guess I got lucky.
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Feb 23, 2021 00:25
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Wifi Toilet posted:More like 20%. I was an idiot to sell most of my shares at $12, but now I'm a genius for selling the rest this morning, hooray! I too am a god that sold this morning  Ignore my bagholding on IPOF and all my other reds.
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Feb 23, 2021 00:26
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Wifi Toilet posted:e: this probably won't be good for my cvii holdings though Why? They successfully landed their DA.
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Feb 23, 2021 00:34
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Chad Sexington posted:Why? They successfully landed their DA. Probably ticker confusion, I mean CVII-U the newest Churchill spac that is riding the CCIV momentum, they have not announced a target yet.
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Feb 23, 2021 00:43
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Lol r/spac pumping each other up to buy more and hold long term. People trying to talk about the valuation and dilution getting shouted down. So many bags are going to get held on this.
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Feb 23, 2021 00:43
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laxbro posted:Lol r/spac pumping each other up to buy more and hold long term. 💎🙌
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Feb 23, 2021 00:58
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Any opinions on SPCX? At first glance it seems like the closest you can get to a 'near-NAV pre-DA only SPAC ETF' here's their holdings: https://www.spcxetf.com/spcx-holdings/
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Feb 23, 2021 00:59
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drat I’m feeling good about selling last week at 54.
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Feb 23, 2021 01:06
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fuseshock posted:I bought CCIV @ 15 and sold it @ 15 because I thought well, I'm just really FOMO'ing on rumors at that point. I'm glad I sold CCIV at its' valuation. I did purchase 20 CCAC today though.
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Feb 23, 2021 01:18
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Taking profits never felt so good  I don't even care about the couple of calls I kept
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Feb 23, 2021 01:22
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Feb 23, 2021 01:27
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Man, the CCIV doomscrolling is going to be so good tomorrow. Lesson for every SPAC trader: no step in the SPAC process is a given, and even if the SPAC makes the step, it may not have the expected effect
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Feb 23, 2021 01:33
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FistEnergy posted:Man, the CCIV doomscrolling is going to be so good tomorrow. The CCIV megathread in r/spacs is already an interesting read. It’s equal parts “I’m glad this is dipping so I can buy more” and “oh gently caress.” And one guy that’s posting this: https://m.youtube.com/watch?v=dZPQdZLyHYE&feature=youtu.be This whole thing is putting me in the mindset to start trimming my IPOD/F.
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Feb 23, 2021 01:44
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From the press release:press release posted:- CCIV and Lucid are combining at a transaction equity value of $11.75 billion can someone explain how these numbers work? CCIV brings $2.1B cash, borrows $2.5B and somehow the transaction is worth $11.75B and the company's worth $24B?
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Feb 23, 2021 01:49
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FistEnergy posted:Man, the CCIV doomscrolling is going to be so good tomorrow. I feel like there was tons and tons of DD that showed the merger was priced in over the past few days posted everywhere. Proving that CCIVs price would mean lucid would have to be valued at like 60bn. I’m glad I listened to my gut and sold at $51.
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Feb 23, 2021 02:05
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Sold half my CCIV warrants at $40 last week thanks to all the warnings on here. The rest was just paper money after getting my cost basis and some profit back. Ended up selling those AH at $30, so still a nice gain considering. Looks like other SPAC’s are getting beat up tonight, CRHC is under $11 again which is great. Might pick up some more tomorrow with my CCIV money.
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Feb 23, 2021 02:12
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Pilfered Pallbearers posted:I’m glad I listened to my gut and sold at $51. I’m glad I listened to other people. My gut was trying to screw me.
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Feb 23, 2021 02:17
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Wifi Toilet posted:Probably ticker confusion, I mean CVII-U the newest Churchill spac that is riding the CCIV momentum, they have not announced a target yet. I knew what you meant. Churchill successfully landed their DA. That shows the management team is capable at what they do. This should be a net positive for their other SPACs. Price action post DA announcement isn't the primary measure of success. Reddit is an alternate reality from where these guys live and work.
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Feb 23, 2021 02:37
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FWIW CCV dumped AH too after the CCIV news
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Feb 23, 2021 02:52
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Pilfered Pallbearers posted:I feel like there was tons and tons of DD that showed the merger was priced in over the past few days posted everywhere. Proving that CCIVs price would mean lucid would have to be valued at like 60bn. So it's basically a big wet fart from here on out or is there any shot it stays around ~$60?
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Feb 23, 2021 02:56
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GramCracker posted:So it's basically a big wet fart from here on out or is there any shot it stays around ~$60? It’s already down to $40 in AH. I doubt it recovers before open tomorrow. I’ll let’s others that are smarter answer that, but my gut is it won’t go up for a while, if it all.
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Feb 23, 2021 02:59
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GramCracker posted:So it's basically a big wet fart from here on out or is there any shot it stays around ~$60? depends on if they can get hype during the media tour i guess. im pessimistic though and am bailing on everything else i had remaining after today's profit taking. still way way up but trying not to think about the lost potential profit if i had just sold it all today 
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Feb 23, 2021 03:03
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A few weeks ago everyone was convinced that if CCIV landed Lucid they'd jump to $40. Everyone was right.
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Feb 23, 2021 03:06
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Jose Valasquez posted:A few weeks ago everyone was convinced that if CCIV landed Lucid they'd jump to $40. yeah. last week's insane run up spoiled everyone including me
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Feb 23, 2021 03:11
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Jose Valasquez posted:A few weeks ago everyone was convinced that if CCIV landed Lucid they'd jump to $40. lol. I gotta say it felt good to move it way down on my watch list so I could start researching something new.
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Feb 23, 2021 03:17
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Rolo posted:The CCIV megathread in r/spacs is already an interesting read. It’s equal parts “I’m glad this is dipping so I can buy more” and “oh gently caress.” lmao, putting this away for future use  Rolo posted:I gotta say it felt good to move it way down on my watch list so I could start researching something new. The hardest part about staying laser focused on something like CCIV is trying to focus on literally anything else, including researching next moves, your loved ones, the state of your physical corporeal self, etc. This is how I felt Friday at close after staying glued to my dashboard all week and somehow managing to sell at the first post-crash retracement high.
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Feb 23, 2021 03:27
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thats not candy posted:depends on if they can get hype during the media tour i guess. im pessimistic though and am bailing on everything else i had remaining after today's profit taking. still way way up but trying not to think about the lost potential profit if i had just sold it all today This is pretty much where I'm at too, might as well take my profits while I'm still in the green. Not as much as when it was at ~$60, but green is green I guess?  Really fuckin' dumb question time: with the merger, does $CCIV now become $LUCID or something, or will it forever retain $CCIV?
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Feb 23, 2021 03:50
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GramCracker posted:This is pretty much where I'm at too, might as well take my profits while I'm still in the green. Not as much as when it was at ~$60, but green is green I guess? there will be a vote eventually then a ticker change to lucid or whatever but we're looking at may or june probably. so several months of either bleeding or hype or probably both
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Feb 23, 2021 03:57
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Rolo posted:This whole thing is putting me in the mindset to start trimming my IPOD/F. I'm not sure why you'd trim something that hasn't announced yet, but I get ya. I don't know why anyone would ever hold one of these things through merge. The easy money is buy near NAV, sell into the announcement, look for the next trade. Step outside those steps and you're asking to get hosed some way. I'm holding a very large IPOF position with a cost basis around $12. I know it's easy to get all paper hands on this poo poo while you watch other stocks moon or crash but I think if your cost basis on IPOF is good, you've got nothing to worry about. Once IPOF announces a merger, regardless of what the price does, I will absolutely start selling the position.
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Feb 23, 2021 05:43
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https://twitter.com/BagholderQuotes/status/1364058763406303238?s=19 https://twitter.com/BagholderQuotes/status/1364055564280598531?s=19 https://twitter.com/BagholderQuotes/status/1364052422830735361?s=19
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Feb 23, 2021 05:54
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I don’t get it, but then again I didn’t get the GameStop stuff. People see something shoot up to 60 and then they buy at 60. There is a reason that stuff stopped rising— esp of like a week at that price. So many bag holders.
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Feb 23, 2021 05:57
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me selling my CCIV earlier
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Feb 23, 2021 06:13
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4/20 NEVER FORGET posted:I think if your cost basis on IPOF is good, you've got nothing to worry about. If you think you've gotten sufficient gains to roll out of a position and into another one there is no reason to hold on. I think this is especially true of SPACs, where you can get back into something closer to NAV. Why risk 30% gains on IPOF when you can roll out to something else with no risk? Because some billionaire has a cult of personality? He still signed poo poo like CLOV. I'll take a proven team on sequel deals for a little more risk, mostly because they get to second targets quicker, but 50% is silly. I only need my $10 holding to go to $13 to make the same money as IPOF going to $20. Arzakon fucked around with this message at 06:39 on Feb 23, 2021 |
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Feb 23, 2021 06:35
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It feels weird to be disappointed with being only +80% on this CCIV thing lmao...I think I'll sell my meager amount of shares tomorrow now.
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Feb 23, 2021 09:15
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Looks like another red day. IPOE already under $20 premarket.
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Feb 23, 2021 10:59
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Anyone have any thoughts on ETAC or HZON? I like the sound of the HZON team in particular, think I might make a small move. FPAC is my only current SPAC position
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Feb 23, 2021 11:10
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Looks like it's going to be a brutal day for a lot of folks. Good luck out there.
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Feb 23, 2021 12:00
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Thank you Chamath for tweeting yesterday and letting me get out of my too-high IPOD/IPOF positions at +3% and +15% Of course now I have to decide whether his name is worth breaking the <11.50 rule to get back in, once they stabilize around 14 again
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Feb 23, 2021 12:31
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9:05 and I can’t find anything about SentinelOnes announcement, but I’m on the road so no idea if they’re going on CNBC or whatever.
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Feb 23, 2021 15:06
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It was a dumb racecar announcement. In other news everything is poo poo.
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Feb 23, 2021 15:12
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