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Message
re: Rumble SPAC CFVI
Posted on 12/4/21 at 10:12 pm to OldSouth
Posted on 12/4/21 at 10:12 pm to OldSouth
I dunno man I think the good entries were all on Friday. You have 33% downside max ($10 SPAC redemption floor price) now based on the closing after hours price of $13.32. Sure it could still moon on Monday, but that’s a lot more downside risk than folks who bought in close to $10 earlier in the day on Friday. If you’re desperate to get in, might try to see if a dip to the $11-12 range happens in the first hour of regular trading,
1
Posted on 12/4/21 at 10:22 pm to OldSouth
This may blow up but I wouldn't go all-in if I were you. Let your intial position play out and add any gains to your high risk stash for the next one. FOMOing and chasing pumps will eat you up.
Posted on 12/5/21 at 8:45 am to GeneralLee
I’m already in at $12. I’m not “desperate” to get in, I’m just wondering if you think Premarket or after open is a better time to get in.
Posted on 12/5/21 at 8:47 am to Fat Batman
quote:What I meant by “all-in” was go ahead and make my total add premarket as opposed to after the open. I didn’t mean throw a bunch of money at it, sorry I wasn’t clear.
This may blow up but I wouldn't go all-in if I were you. Let your intial position play out and add any gains to your high risk stash for the next one. FOMOing and chasing pumps will eat you up.
Posted on 12/5/21 at 8:47 am to OldSouth
After open most likely if I had to guess. Like cgrand said, pre market or after market is usually a time to sell, not a time to buy.
Posted on 12/5/21 at 8:58 am to GeneralLee
Ok, thanks.
Posted on 12/5/21 at 10:37 am to Fat Batman
quote:
Liar
I bought a bunch more in the 10s got my average down into the low 11s
Posted on 12/5/21 at 10:39 am to Fat Batman
quote:
That would've had to been like a 3x increase in shares at the absolute bottom on Friday. In a stock he thought was tanking. Could have, but base on his postings here, I doubt it. Anyways, I hope we all bank come Monday.
I only bought 40 shares initially. I bought a few hundred in the 10 dollar range when the Trump connection was confirmed
Posted on 12/5/21 at 11:58 am to deltaland
spachero.com seems to be the best spac tracking site I've found online, FYI
Posted on 12/5/21 at 12:22 pm to GeneralLee
Thanks. Bookmarked
Posted on 12/5/21 at 12:35 pm to SmackoverHawg
FYI for all on strategy on these DWAC/CFVI type plays...
Usually the arbitrage sellers unload into the initial spike when the deal is announced (we saw this spike early Thursday at CFVI), which after they are done unloading can drive the price down to close to $10 (like what we saw at CFVI on Friday). Eventually this Arb selling abates, and then if the buying volume continues to come you can see a massive runup like DWAC. Tomorrow we find out if CFVI is really gonna rip or not...
Usually the arbitrage sellers unload into the initial spike when the deal is announced (we saw this spike early Thursday at CFVI), which after they are done unloading can drive the price down to close to $10 (like what we saw at CFVI on Friday). Eventually this Arb selling abates, and then if the buying volume continues to come you can see a massive runup like DWAC. Tomorrow we find out if CFVI is really gonna rip or not...
Posted on 12/5/21 at 12:41 pm to GeneralLee
That’s why I think I’m gonna wait and see which way it goes. I’ll be up early to hunt anyway and will be keeping an eye on pre-market. I may pick some up PM and load up if it drops. After DWAC and PHUN shenanigans. I’m trying to figure out my play if they pull the same shite.
Posted on 12/5/21 at 12:54 pm to GeneralLee
quote:i really could have used this information on Thursday
Usually the arbitrage sellers unload into the initial spike when the deal is announced (we saw this spike early Thursday at CFVI), which after they are done unloading can drive the price down to close to $10 (like what we saw at CFVI on Friday)
Posted on 12/5/21 at 9:11 pm to deltaland
That came out last week. It was shrugged off pretty quickly.
Posted on 12/5/21 at 10:10 pm to OldSouth
That’s good.
There’s only 9 million shares left. This thing is gonna moon in the morning
There’s only 9 million shares left. This thing is gonna moon in the morning
Posted on 12/6/21 at 3:11 am to deltaland
14.95 now
Posted on 12/6/21 at 4:34 am to Hogwallop
$15.80 highest ive seen so far.
Posted on 12/6/21 at 5:44 am to damnlambert
Not sure why but fidelity not giving me extended market trading option for this one
Posted on 12/6/21 at 5:53 am to jimjackandjose
Gonna be so many people desperate for a big win here given the market crashing, very curious to see how this will play out.
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