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re: Rumble SPAC CFVI

Posted on 12/7/21 at 10:54 am to
Posted by GeneralLee
Member since Aug 2004
14128 posts
Posted on 12/7/21 at 10:54 am to
quote:

I’ll let the rest ride and hope it gets to 40-50 within a year or so and net 10-15k


Keep in mind this is a SPAC. Merger is slated for Q2 2022, at which point the PIPE gets unlocked some time there after which can lead to the price going under $10 quick as those investors unwind their positions. If you believe long term in this company, better to just swing trade this now and get out before merger, then buy on the dip post merger for your long term position.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/7/21 at 11:20 am to
quote:

Umm, if you get in close to $10, yes you do! 1,000% return in 1-2 days is some hell of compounding....


Yea if you’re the lucky ones. I guess my point is something like that creates unrealistic expectations for many people and they make poor investment decisions chasing that high. The reality is that type of run almost never happens. Yes
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/7/21 at 11:23 am to
Thanks, I’m not fully knowledgeable on how SPACs work
Posted by GeneralLee
Member since Aug 2004
14128 posts
Posted on 12/7/21 at 1:27 pm to
Just been sitting here buying at $13.75 and selling at $13.99 all day in my tax sheltered accounts....
Posted by Upperdecker
St. George, LA
Member since Nov 2014
33472 posts
Posted on 12/7/21 at 1:52 pm to
I had a $13 average in DWAC so I wasn’t complaining
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 7:55 am to
Good buy opportunity this morning,


Twitter is now deleting all mentions of this stock to keep the news from spreading

fricking corrupt assholes
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 8:01 am to
If I read this right looks like a lot of shorts have to cover today. Could make this day interesting


Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 10:22 am to
Hope you bought at 12.40 earlier today you’d be sitting nicely on a 1 dollar per share gain now
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 2:43 pm to
Power hour rally over 14 dollars
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 2:56 pm to
Almost to 15 dollars
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/8/21 at 3:19 pm to
Very nice day. Let’s see if we can hold here. Kinda felt like it was still tied to DWAC though, which kicked arse today.
Posted by Hogwallop
Member since Jul 2021
420 posts
Posted on 12/8/21 at 3:45 pm to
PHUN,MARK, and CFVI all run with DWAC.

I just sold my CFVI.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 4:16 pm to
quote:

just sold my CFVI.




It’s just now getting good.
Posted by el Gaucho
He/They
Member since Dec 2010
59142 posts
Posted on 12/8/21 at 5:17 pm to
Can’t wait til trump opens up the paperhand camps
Posted by castorinho
13623 posts
Member since Nov 2010
87462 posts
Posted on 12/8/21 at 5:38 pm to
Are you a millionaire yet?

With all these threads, I hope you crushed it this year
Posted by GeneralLee
Member since Aug 2004
14128 posts
Posted on 12/8/21 at 5:51 pm to
Buy low sell high buddy. Hard resistance at ~$15, sell there and buy back in the low $12's again when it hits.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/8/21 at 7:13 pm to
I think it’ll keep going it has closed green every day this week. Up and down but it’ll break the 15 eventually

I’m not great at swing trading and I don’t have 25k in my brokerage acct so I can’t really do it. I save my 3 day trades when I really need them for emergency exits or sell off a big unexpected gain
Posted by el Gaucho
He/They
Member since Dec 2010
59142 posts
Posted on 12/9/21 at 6:10 am to
Still poor bro
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/13/21 at 3:16 pm to
Well I’m sick to my stomach on this today. Should have sold at 14.

Guess I’ll hold and hope it bounces back not much to lose at this point. If I had some dry powder I’d buy more but I’m tapped until Thursday waiting on some large checks to come in. The way the market is going it’ll probably be lower then.

I just don’t understand why it’s tanking. It lost its hype and volume with the quickness. You’d think something like this would stay trending but I guess Twitter and other media blocking and deleting any mention of this stock is working. fricking bullshite
Posted by GeneralLee
Member since Aug 2004
14128 posts
Posted on 12/14/21 at 8:00 am to
It's actually a great risk/reward if you can pick it up again in the low $10's (prior to SPAC merger at least). Almost like parking it in cash except this "cash" could rip higher again.

It might hit $10 if we have a crash on Wednesday from the FED meeting.
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