And just like that CCIV is going parabolic again
It's not too late, the thing will go even higher when the news actually hits, its currently dipped down into the 18'shaha yeah, and i was just about to increase my position.
+15% since I sold. el-oh-elI just bought more myself. There's supposed to be some kind of announcement today at 2 pm est. Also, Saudi google traffic was spiking on CCIV a week ago. That matters because Saudi Arabia invested 1 billion into Lucid
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?
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.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.
Trust the plan?
I'll sell a portion of my holding on any initial spike and play it by ear if I want to hold more or continue to sell
Oddly enough. I might add more shares. I still believe they have a good Block Chain model.TRIT back down to 8 and change, seems to be about the class action lawsuits re-rearing their ugly head