I’m sad. I sold my tlry calls last week at 12, rode from 8. But yea I missed out on a nice chunk of change lol. This one has an insane short float too, over 40
according yahoo finance, https://finance.yahoo.com/quote/FUBO/key-statistics?p=FUBO , short interest for FUBO ~ 60% of float. it is extremely high. the trading volume since early Jan has been much higher than normal. from this, in view of the ~ 9+ point bounce off the 50 dma, one can infer that the Bulls are in control, nullifying the shortists effort to drive the price down.
on 4 Jan, sold 175/170 bearish CALL spread (a synethetic short) trading action is trending my way, dipping below the 20 dma
That was my first thought , but other than that no idea. It’s a crazy amount of red even for a friday
Speaking of spacs I got into one called bft today from someone’s recommendation, supposedly it’s merging with paysafe which is basically PayPal in March and could be big in a year. Supposed to be similar to square. Pt 100 in two years. anyways I took a small position as a starter. 40 shares nothing crazy. My avg is 15.38 @saitou is there any ones you’ve had your eye on, spac master ? Seems like all the good ones are already up
I am seeing Lilium? https://lilium.com/ The management team info: Targeting aerospace & defense Team: Kenneth Ricci: 40-yr aviation vet, "Living Legends of Aviation", former Ronald Sugar: Former CEO $NOC Northrop Grumman, current Director at $AAPL $CVX & Chairman $UBER Gerald DeMuro: Former CEO $BAESY & VP $GD
I am in: GHIV - United Wholesale Mortgage is the target. Voting on the 20th CCIV - Lucid? DMYD - Genius Sports PSTH - Rivian/Stripe? BFT - Paysafe IPOF - Rivian?
Thank you sir! I was in POF shortly a few weeks back kinda wishing I held my position. ghiv I played contracts lol but I learned it’s better to do commons with spacs.
in order of weightage, waiting for combination/spike: ZTNE.W - a lot of aerospace connections. possible evtol play + inclusion into arkx? managed to accumulate warrants at $2.04. at current price adding shares. PIPP.W - so much insider power that it's legal. if it was closer to NAV would have gotten more. GRSV.W - team that got LAZR NPA shares - this thing already popped once, hoping for one more. pre-pre-pre-revenue concept stock. post announcement, still holding a bit for long term: DMYD shares - seems like a real business DM shares - will hold till next earnings to see. intrigued by the potential TRIT.w - potentially undervalued due to lawsuit, hoping for turnaround. ppl smarter than me said this is a good bet. this is risky tho, i don't recommend it. i've also sold a bunch of pre-announcement warrants of other spacs that were getting very high despite no announcement. when it's getting closer to $4 w/o a good target announced, i just move on. edit: another short report out on trit just as i was typing; do not touch. i closed the position.