Forum Merger III Corporation Class A (FIII)

Prev Close 9.99
Day Low/High 10.05 / 10.38
52 Wk Low/High 9.05 / 15.30
Shares Outstanding 31.99B
Market Cap 319.59M
Div & Yield N.A. (N.A)

One stock I'll be watching is Forum Merger III which is merging with EV maker Electric Last Mile.

Traders have to move very quickly to stay ahead of the game.

This has given investors an opportunity to load up on small speculative names I love over the next 12 to 18 months.

FIII is the buyer of urban delivery van firm Electric Last Mile Solutions.

There is some good dip buying on my screens in the early going.

The number of stocks on my screens that moved 10% or more Wednesday is too long to count. Now, here's the big question.

The electric vehicle company gets included into the S&P 500 before the bell on Monday, and here's where I see good buys -- and some volatility.

The party isn't over for the SPAC group, but the market needs to sort out the winners from the pretenders.

I'm adding to my position in this SPAC today.

The weaker action this week is exactly what the market needs to keep running into the holidays.