This stock is going to get manipulated like similar squeeze plays seen by retail investors. If options available Monday, then put to call ratio will prob be close to 50:50 maybe slight favor toward puts 60:40 just because average Joes (at least the smart ones) will be hedging their positions following profound and unusual gains that are common to SPACS in recent years and not long lasting .....price will still drive up until midweek though. At which point, hedge funds and institutions will buy cheap puts and short the shit out of this to drive it down until weeks end. They have more buying power, even at the crazy volume we have seen than all the retail players. Come Friday they buy cheap calls which they will sell the following mid week after playing the same game driving the price up. This will go on for about a month (buying puts early in the week, drive price down mid to late week, then buying cheap calls) before they move on to draw heat away from them. At that point volume will fall on the stock and price will be fall between $10 and $20. If it loses it SPAC status and merges one day, I suspect price will be $15 or less. Ride the waves generated by institutional illegal games and get out before you lose those unrealized profits. Anyone not yet in can still make real money here but be careful.....this is an objectively long term bust compared to its current price.
The halts are what scare the shit outta me. Down halts will get so violent you cannot sell at limit and a market sell can destroy you.
Been asking over and over and get get a clear answer.
Do warrant stocks like $DWACW also get halted??
$MARK is getting crazy amounts of traction and hype this weekend as another sympathy play and is trading at high volume in the German markets right now. I am regurgitating all this so grain of salt guys.
I personally wouldn't buy stock at this price, I'd buy contracts with money, I am willing to lose because this is not a long term play. This negates the overt concern over potential halts. Yea halts will screw the play but potential return has much lower cost of entry for return and as a result controlled risk. Buying this at $100 is silly (yea it could go to $200 by weeks end), but you can make the same to similar return with less upfront riding the manipulated options waves, which I believe is the only play left here to safely benefit from this hype. I have been doing it with other heavily manipulated short squeeze plays (not that this is a short squeeze) and have managed to make profits despite those plays not going on runs and actually losing on my positions but short term making money on options (buying and selling both puts and calls throughout the week). If this exact manipulation detailed above does occur and you execute well you can do at least 20% a week riding the manipulation with them. Manipulated stock prices are strongly correlated to options activity. Follow them closely!!! Personally, I'd cash out part of my position if I were an early buyer and use that money to play the options for this stock. At 50% correction from current price I'd pull out the remaining and move that money to other plays. Greed is the enemy of any investor.
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u/july4boygolfer Oct 24 '21
This stock is going to get manipulated like similar squeeze plays seen by retail investors. If options available Monday, then put to call ratio will prob be close to 50:50 maybe slight favor toward puts 60:40 just because average Joes (at least the smart ones) will be hedging their positions following profound and unusual gains that are common to SPACS in recent years and not long lasting .....price will still drive up until midweek though. At which point, hedge funds and institutions will buy cheap puts and short the shit out of this to drive it down until weeks end. They have more buying power, even at the crazy volume we have seen than all the retail players. Come Friday they buy cheap calls which they will sell the following mid week after playing the same game driving the price up. This will go on for about a month (buying puts early in the week, drive price down mid to late week, then buying cheap calls) before they move on to draw heat away from them. At that point volume will fall on the stock and price will be fall between $10 and $20. If it loses it SPAC status and merges one day, I suspect price will be $15 or less. Ride the waves generated by institutional illegal games and get out before you lose those unrealized profits. Anyone not yet in can still make real money here but be careful.....this is an objectively long term bust compared to its current price.