Climbed out of my -550k hole to -190k with ACTCW,TPGYW, GSAHW, and NGAW.
Took my 400k loss in SNPR/SNPRWS and rotated out into the bottom friday into current folio:
51k ACTCW @3.66
22k TPGYW at...
https://i.imgur.com/LGo6cLG.png
Got absolutely JUST'ed by SNPR buying high right before downturn, had been sitting on funds for a month before that being patient.
rebalanced folio: 50k actcw at...
Got absolutely smoked this week boyos. -40%. I really believe we got away from NAV plays like in Summer of last year due to all the pressure from the influx of players from CIIC and CCIV.
35$ on rumor is absolute insane.... the most i have done on a spac is 2.xx. Worst case u sell at 3x profit and have to buy back in at 40 on DA. The downside risk vs upside here doesnt seem worth...
I think the amount of money is only necessary for the mental side of things. With a big account size you can trade 25k usd and see the trade through / average down longer than someone with a 25k...
I think the volume at 100.000.000 pretty much means that CCIV is a done deal. (I own a bag myself at 12 and 14.95 avg.). It is hard to say that a spac trading on rumor at 18 is better than NGA which...