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re: Rumble SPAC CFVI

Posted on 12/14/21 at 8:32 am to
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 8:32 am to
I’m waiting on a check for about 10k and plan on sinking some into this knowing I can recover at 10 pre merger.

My other stocks like SLI and ORGN id like to buy more but I’m not sure of the floor. I don’t want to lose more money right now but also kinda want to load up. It’s dicey. I feel like SLI has support around 7.50 due to Koch. Not sure on ORGN I though it would never go under 6 but it did today
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/14/21 at 3:35 pm to
WHAT THE HELL IS GOING ON?????
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/14/21 at 3:36 pm to
It just jumped 20% in 2 minutes


ETA:

Partnership announced with DWAC aka Trumps TMTG. Rumble will provide video and streaming services.
This post was edited on 12/14/21 at 3:47 pm
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 3:54 pm to
Man I needed this, the market was getting depressing. I actually bought more CFVI earlier at 11.20

I seriously wanted to just get out altogether but said no I’m averaging down and pushing through. Glad I did. Diamond hands FTW
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/14/21 at 4:04 pm to
quote:

Man I needed this, the market was getting depressing. I actually bought more CFVI earlier at 11.20
Are you in my head? I bought more at $11.19 which is bad for you because I really suck at stock trading.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 4:32 pm to
quote:

bought more at $11.19 which is bad for you because I really suck at stock trading.


Ditto
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 6:38 pm to
Reddit is pumping this now just labeled it a short squeeze.

Expect big volume and a run up in the morning. Be ready, might hit a price level to take profits
Posted by DaTruth7
Member since Apr 2020
4159 posts
Posted on 12/14/21 at 6:53 pm to
Tomorrow will be interesting. In at 12.
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/14/21 at 6:55 pm to
Yep, we'll see. I'm just afraid that the overall market tomorrow will keep it from running away. On the other hand, it could help if there aren't too many popular stocks in the green tomorrow.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 6:57 pm to
Right now this and DWAC are the only growth stocks with any momentum, I could see money pouring into to jump on the hype train.

Might be a perfect storm. It’s steady going up AH and most people aren’t trading right now. I expect PM to tell the tale

I’d love to see a day with 2-3 trade halts
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 7:13 pm to
Also options become available tomorrow for CFVI

Will be an interesting morning
Posted by OldSouth
Folsom, LA
Member since Oct 2011
11006 posts
Posted on 12/14/21 at 7:19 pm to
quote:

Also options become available tomorrow for CFVI

Will be an interesting morning
I don't understand options well enough to trade them. I would lose money even faster than I do now.
Posted by DaTruth7
Member since Apr 2020
4159 posts
Posted on 12/14/21 at 7:23 pm to
Seems like a day where it will dip before it runs. Hopefully up a buck PM.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 7:26 pm to
I don’t trade them but large corporations do and it will increase volume. It could lead to a gamma squeeze considering the positive PR released AH before options become available

If a lot of calls are purchased and executed.

If a lot of puts are purchased and executed because there is a sell off causing the price to drop it could drop just as fast. But being an SPAC with a floor of 10 dollars pre merger that seems unlikely short term. Might see this happen post merger though

I’m not anywhere close to an expert so take this with a grain of salt. I’m probably wrong
This post was edited on 12/14/21 at 7:57 pm
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/14/21 at 9:43 pm to
Shorts are burning




This baby is gonna run in the morning I feel it
Posted by DaTruth7
Member since Apr 2020
4159 posts
Posted on 12/15/21 at 7:08 am to
Decent PM so far.
Posted by GeneralLee
Member since Aug 2004
14128 posts
Posted on 12/15/21 at 7:11 am to
Don't get your hopes up baw.... nervousness ahead of the Fed meeting is gonna kill stock momentum today.
Posted by DaTruth7
Member since Apr 2020
4159 posts
Posted on 12/15/21 at 8:27 am to
Nice bounce. Hopefully reclaim 13.
Posted by deltaland
Member since Mar 2011
102603 posts
Posted on 12/15/21 at 8:53 am to
You called it. This is depressing as frick
Posted by bass
Member since Oct 2016
4812 posts
Posted on 12/15/21 at 11:53 am to
Can I get a circuit breaker to the upside please?
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