Suggestions for a speculative punt?

Ciprico

Username999 said:

Before the actual merger you'd have to buy "CIIC" stock (CIIG Merger Corp) on the Nasdaq.
It's up jumped 24% yesterday and is up another 18% pre-market today. 
It's already OLD NEWS!!
After the merger, if it goes though, the new stock symbol will be "ARVL".

I'm not sure if I am brave enough to go there, but if I was, are these hard to buy - fror example I can't see them on Interactive Investor...

adindas

Username999 said:

Before the actual merger you'd have to buy "CIIC" stock (CIIG Merger Corp) on the Nasdaq.
It's up jumped 24% yesterday and is up another 18% pre-market today. 
It's already OLD NEWS!!
After the merger, if it goes though, the new stock symbol will be "ARVL".

Good to see that thay have building upi relationship with UPS, Hyundai, Kia Motor whihc is quite unusul for a new SPAC. The problem here, it is currently close to long time high.

I will be waiting a pull back for a good entry point. It might be it will never happen.

But what I notice, there are two big gaps in the candle sticks charts. The first one is around US$13.60 and the other one is around US$11.00. When It reaches the first gap (hopefully) I will start building up my position. When moving further down heading to the second gap then I will keep cost avareging down although realistically I do not think it will ever reach the second gap.

There are a reasonable number of Insitutional ownership which is quite unusul for a new SPAC but many of these guys get it earlier.

https://finance.yahoo.com/quote/CIICU/holders?p=CIICU

It is probably becuase they already have target e.g Arrival.

adindas

123mat123 said:

Username999 said:

Before the actual merger you'd have to buy "CIIC" stock (CIIG Merger Corp) on the Nasdaq.
It's up jumped 24% yesterday and is up another 18% pre-market today. 
It's already OLD NEWS!!
After the merger, if it goes though, the new stock symbol will be "ARVL".

I'm not sure if I am brave enough to go there, but if I was, are these hard to buy - fror example I can't see them on Interactive Investor...

If you are using a platform with no or very low trading fee you could start building a small position such as 5 shares and start building your position from here, as you built your confidence. Unlike savings, it is not risk free so you will only invest the money you could effort to lose.

Thrugelmir

adindas said:

Username999 said:

Before the actual merger you'd have to buy "CIIC" stock (CIIG Merger Corp) on the Nasdaq.
It's up jumped 24% yesterday and is up another 18% pre-market today. 
It's already OLD NEWS!!
After the merger, if it goes though, the new stock symbol will be "ARVL".

There are a reasonable number of Insitutional ownership which is quite unusul for a new SPAC but many of these guys get it earlier.

Unlisted companies require capital funding hence will have a number of angel investors.  SPAC is merely an easy way of obtaining a market listing without having to go through all the usual formalities that some markets require. 

adindas

Thrugelmir said:

adindas said:

Username999 said:

Before the actual merger you'd have to buy "CIIC" stock (CIIG Merger Corp) on the Nasdaq.
It's up jumped 24% yesterday and is up another 18% pre-market today. 
It's already OLD NEWS!!
After the merger, if it goes though, the new stock symbol will be "ARVL".

There are a reasonable number of Insitutional ownership which is quite unusul for a new SPAC but many of these guys get it earlier.

Unlisted companies require capital funding hence will have a number of angel investors.  SPAC is merely an easy way of obtaining a market listing without having to go through all the usual formalities that some markets require. 

This PIPE angle Investor could be a sign of bulish thesis especially to top one as they defenitely have done their research before putting their money. They have resources of doing that. But for them is very low risk as they got it below the current market value (CMV) per share.

The problem will effect a retail investor when they do not have a lock up period where they could dump their share anytime they want to.

In the past this has actually happened to CCXX (Multiplan). The stock had made a good run and many of them taking profit by dumping their share and making a nice exit on the merger day. Just imagine millions of shares dumped in one day, the share price sudendly fall far below the price  below the merger date.

There is a possibility, they know each other and they might collude together to coordinate actions to control the share price direction on the merger date.

Sailtheworld

Thrugelmir said:

csgohan4 said:

already made my final tranch of investment into IAG/ CINE some time ago,  for the medium term. 

Difficult to see Cineworld continuing in it's current form. Over burdened with debt.  Management must be currently considering all the options. Not least a Company Voluntary Arrangement. That would see a permanent closure of some sites and negotations with landlords with a view to getting the rent roll cut. 

Not as impressive as the 100% jump in the Rolls Royce share price within 24 hours of your negative assessment but Cineworld are up over 20% today. Tesla up 25% in a week too despite your concerns.

Do you have a list of other companies who you have medium term concerns about because they seem to have an uncanny knack of doing spectacularly well in the short term.

csgohan4

Sailtheworld said:

Thrugelmir said:

csgohan4 said:

already made my final tranch of investment into IAG/ CINE some time ago,  for the medium term. 

Difficult to see Cineworld continuing in it's current form. Over burdened with debt.  Management must be currently considering all the options. Not least a Company Voluntary Arrangement. That would see a permanent closure of some sites and negotations with landlords with a view to getting the rent roll cut. 

Not as impressive as the 100% jump in the Rolls Royce share price within 24 hours of your negative assessment but Cineworld are up over 20% today. Tesla up 25% in a week too despite your concerns.

Do you have a list of other companies who you have medium term concerns about because they seem to have an uncanny knack of doing spectacularly well in the short term.

don't forget people are short selling, whether it will go back up to pre covid levels is another thing.

I'm almost 100% up on IAG and I am up on Cine world. Keeping both till they hit pre covid level and then going to sell. 

Although Tesla looks a good bet, but a bet and only that for me. 

On another note Royal mail group has done well over the last 8 months surprisingly, but their recent financial report is surprising as they are  operating a loss compared to last year, perhaps something to watch, we're always going to need deliver parcels and letters

Although I would rather invest in DPD if that was available

Cus

The lowest closing IAG price was 91 at the end of Sept, and intraday today has hit the highs since at 167, so well done if you got in at those levels, that's an 83.5% rise.  Pre covid it was around 425. Are you planning to stick to that?

To add, back in may/June it jumped about 100% up, but them came back down again.  Who knows if this time it's different..

adindas

With the news like this I fully believe any stock related to Travel, Airlines, Booking, Cinema, Banks, Cruises (to some extends) will wake up. Many of Uk stocks in these sectors although have made a run, are still undevalue.

https://news.sky.com/story/covid-19-oxford-vaccine-is-up-to-90-effective-in-preventing-coronavirus-tests-show-12134940

You will see more news like this in the coming weeks and it will only add the propelling power. If we focus on the companies with strong Balance sheet so they could survive until activities back to normal. All of these stocks will make money.

adindas

Sailtheworld said:

Thrugelmir said:

csgohan4 said:

already made my final tranch of investment into IAG/ CINE some time ago,  for the medium term. 

Difficult to see Cineworld continuing in it's current form. Over burdened with debt.  Management must be currently considering all the options. Not least a Company Voluntary Arrangement. That would see a permanent closure of some sites and negotations with landlords with a view to getting the rent roll cut. 

Not as impressive as the 100% jump in the Rolls Royce share price within 24 hours of your negative assessment but Cineworld are up over 20% today. Tesla up 25% in a week too despite your concerns.

Do you have a list of other companies who you have medium term concerns about because they seem to have an uncanny knack of doing spectacularly well in the short term.

I also has started a small pposition since November 10 and it has jumped 31% since then. They have a lot of debt but the chance to go into administration is low. They could still do cost cutting.

Cineworld has been seen by many analysts as one of the most undervalued UK stock.