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Yup, just had to clear the crap at the open, then it does what it typically does...drop.
I don't think medical success has anything to do with uplisting. Uplisting will come when it comes.
Prepare to be surprised. At 9:25am EDT bid/ask on Level II is $5.31/$5.32 with 100 lots (10,000 shares) on each side. Need to currently clear 300 lots (30,000 shares) to get to $6.00 on the ask.
But I would rather see it your way.
$5.08/$5.06 Level II at 8:55am EDT.
Maybe because Tattooed Chef had great earnings. They are veggie frozen foods. Only thing I can think of.
From Steve Adams Warrants Newsletter:
So, with ALL of that, where are we with FMCI now? Well, down to $3 from $6...I'm starting to like it.
I just sent this to my paid subscribers:
As you know I've been following FMCI/W very closely. In the pattern I use, you can see the video describing it here (paid subscribers only), I've been looking for the warrant to fall in the time after the announcement of the deal, and before the final vote closing the merger.
And fall very nicely it has!!
There still has not been a date set for the vote to close the deal, but I think the warrant has come down to a level where it can be accumulated for that vote.
But, I still like to hedge, even here around $3.
The trade I like here is buying the warrant, in anticipation of the roadshow and vote, and shorting the August $17.5 call against it. You can get that short off in the $.50-$.65 range. And I'm shorting at around 50-60%, or 1 call option for every 200 warrants.
This provides additional safety if it takes longer for the deal to close, and if the warrant drops a little further, which it still could.
No, the IF cult sold as soon as TC was announced. And to think it was going to be IF was just idiotic.
It's the post announcement pre-merger of a boring company, so it will wallow until the merger.
That being said, I'm in a related boring frozen food company...BGS. As of today, it sits at $26.60. From the March 12 bottom of $11.63...you can do the math. And it has a 7.23% div.
My Jan 2022 $17.50 call options I bought on March 19 (yes, I timed that very well) are up 214%. So, I can wait and be long and strong on FMCI.
Did I think that a lockdown would be good for a boring frozen food company? Yup, that's why I bought BGS
Do I think that TC is as boring? No. But it's still boring compared to some other SPACs.
Am I up on my FMCIW? Yes...51%. Full disclosure: I bought the majority on May 14. Added 25% more on July 6. On that buy, I am down 33%.
Am I losing money today? Oh hell yes...on paper, just today, I am down $2,433.9996 so far. But that's a paper loss. You can figure out my holdings pretty much from that, if you want to.
SPACs need conviction from merger announcement through merger if you are long. If you're swing trading, you should have been out a long time ago.
My wife agrees. Treatment is primary.
My wife is an OR nurse. She told me yesterday, while CNN was talking up vaccines, that no one in her hospital (nurses, docs, etc.) really wants to take the first vaccine first. They want to wait at least a month before they take it. The reason is right now they don't know what type of vaccine it will be along with a fear that it "might" make them more susceptible to the virus, based on their exposure to patients.
Looks like a bit of impatient 'sell the news' shares got sold. <this next part is sarcastic> At this rate, what happens if they get the entire USPS contract?
And get the leaker fined.
All things being equal, which will price their dosing lower? That might be the point that insurance companies will pay for, regardless of what Docs say.
Well, the admins fixed the title and ticker on this board, but it's still not tracking trades. Maybe tomorrow.
first
Well, your opinion is wrong...IMHO.
Scheduled to close before Sept 30.
I'll help to answer. Not all accounts can have their stocks borrowed. Cash/margin accounts can. Retirement (401k/IRA) can't. So those accounts don't need a high limit sell order.
But if folks want that lower stop, it's for a different reason. And they probably don't understand how OTC stocks can move as fast as they do. I would say the same with limit sells. One pre-market announcement and someone not paying attention could have their (what they think is a high) limit sell executed.
Seems that iHub is a bit late on the pricing action today.
I really wish he didn't have the grammatical error at his intro. Did you spot it? I did. I run a marketing / PR consultancy. He should have known better.
However, the points are 100% correct.
If the original author was a student, the PR would have been graded a B-.
I just wish the good doctor was not so much of a shill. Like he was with Wellbutrin.
I can't find any.
Nope. I'm long on both so I asked on both. Why do you ask...paranoid?
They crashed because the lockup on warrants expired. This was known to occur at some point with 56 million or so shares from an S1 in June.
I am long. They won't get the whole thing...they don't have the capacity.
Any concerns about Monday's expected announcement from Astra Zenica?
Any concerns about Monday's expected announcement from Astra Zenica?
No offense, but do some DD on the trucking industry and it's costs.
Quick in & out, either with profit or because no profit in a few days. Many don't care about the target, just the price trend. I'm long.
I'm in both heavy as well.
Humanigen board is trashing CYDY. It's a bit funny, considering about a week or so ago, they were "room for both."
I wonder if it's HGEN pumper/dumpers wanting folks to cash out of CYDY, buy HGEN so they can bring the price up and then short the crap out of it.
I'm with you.
New Board for Digital Media Solutions is up and running.
Welcome, especially to former LHC holders.
Time will tell. Picked up a handful of warrants.
I believe the 1/4 warrant is what is combined in the unit. Warrants are 1:1
I think they have to split it up. It's too much for one company, and diversification is key.
CNBC talking SPAC, IMHO, has brought us to the point where folks have now discovered our big secret. I'm seeing very illogical moves on a lot of SPACs today. I swear it looks like in/out just enough to make a few double-digit percent wins.
I wonder if they get a partial contract, if USPS will send them all to CA.
Deal!
And what strike are you buying?
Does anyone not understand the word could? It doesn't mean will.