|Day Low/High||22.00 / 25.18|
|52 Wk Low/High||9.60 / 22.67|
* And a few more observations about speculative activity, "talking heads" and celebrity (investors) * Another new (speculative investing) paradigm? Hardly * As night follows day, the current speculative phase will end, and with it, countless traders...
* I am again shorting a basket of SPACs and secondary/tertiary bitcoin plays * I am also short bitcoin itself * In turn I am raising my portfolio's risk profile (and "VAR") "So as sure as the sun will shine I'm gonna get my share now, what's mine A...
Sentiment has improved, but the key to the price action will be whether there are higher highs following early profit-taking.
We could have some real pain ahead for some stocks. Five different kinds.
As we saw brutal selling on Tuesday, I'm still moved by the CCIV and Lucid news. Here's how to approach it now.
There were bearish signs in the stock late last week, with the shares plunging Tuesday after a go-public deal with Lucid Motors.
The reopening of the economy combined with pressure on bitcoin and SPACs is triggering a broad selloff here on Tuesday morning.
As all eyes are on Churchill Capital IV and Lucid Motors, let's broaden our focus to these other names -- especially those in the commercial electric vehicle sector.
Buying the SPAC CCIV comes with plenty of downside risk and a lot of unknowns.
Small, aggressive traders are doing so well with the chasing that they are likely to continue for a while.
Comments about how unsustainable the current market action is are hitting all-time highs, but strong, speculative trading is winning out for now.
There is still strong interest in stock picking which is the most positive thing about this market.
They are Rivian and Lucid, with Chanje close behind.
Nearly 900 stocks are hitting new 12-month highs.