Investing General Discussion
- Thread starter Furious
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Fogel
Mr. Poopybutthole
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It's not too late, the thing will go even higher when the news actually hits, its currently dipped down into the 18's
Sanrith Descartes
Veteran of a thousand threadban wars
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swayze22
Elite
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what kind of stop loss are ya'll putting on your pre-announcement SPACs in the $10-12 range? or would you just let them ride until rumors/announcement and only worry about it once they go up to preserve profits? Or do you just ride it out and possibly hold long pending target if it doesn't go sky high?
Fogel
Mr. Poopybutthole
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You'll want to set your own PPM (Personal profit margin) based on your risk level, but I usually won't bother with stop loses until they go over 15 and then I'll do 10-15% based on how volatile they are. If they have a huge up and down swing from high volume and you set your stop loss to tight you'll get stopped out just before it shoots back up again.
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Sanrith Descartes
Veteran of a thousand threadban wars
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I find on low price high vol stocks using a stop loss with a $ instead of a percent works also. They can plunge so fast having it locked in to something like 25 cent trail safeguards profit once you are over your happy price.
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Yeah everything is really great here in GHIV land too. They just put in a Ferris wheel, a petting zoo, and I’m told Bobby McFerrin was hired for a show in the middle of the park later today.
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That plan has 4 days left!
I think there’s a good chance this thing is gonna possibly go really well after they announce earnings in early February (all signs indicate they had another record year) but I’m not holding it past Tuesday.
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I’ve currently got around $23,000 in it. Maybe I’ll keep a few thousand depending on how Tuesday goes.
The CEO was on Bloomberg this morning, all he talked about was UWM and didn’t even mention GHIV, only a mention that they were about to go public. Would have been nice had he actually said the ticker name at least.
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Sanrith Descartes
Veteran of a thousand threadban wars
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Wingz
Being Poor Sucks.
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Oddly enough. I might add more shares. I still believe they have a good Block Chain model.