GeorgiaGirl
Member
Hopefully this is true, but if it's not and volume stays low, I'll end up losing 0 on what was supposed to be a long swing (now actual supposed to be longs, I suspect will be hurting for a while)...
Doing my research and charts right now, expect one more sizable drop this week. FMCI should bottom out around $14-$14.25 and OPES will touch mid $13's again. Bash me if you want, but when FMCI was at $15.50 earlier today I said stop losses between $14.50-14.75 will be raided... sure enough an hour later $14.60 hit and the back up to $15.50ish. One more stop loss trigger coming and then the gradual climb back up officially begins. I'll be waiting for FMCI at $14.25 with a 10,000 common buy and hopefully $3.35 warrants. Remember folks, SPAC's are not a continual climb from the day LOI comes out due to about a 2-3 month merger process. Sudden surge which establishes a baseline for what to expect pre-merger. If this follows all other SPAC's, we will see $20 again once the merger date gets announced. Typically there is then 3-4 weeks between that announcement and the actual date... this is when the climb over $20+ begins
Some good is in stocktwits if you do some looking, but it's also so cesspool-y. Unless you're day trading or doing shorter term swing trading, the best thing to do is batten down instead of complain or say people are losing you money. You only lose if you sell. I can be impatient as well, but today I decided to take a breather on being so focused in, and although it didn't help my mood, it was for the good that I did.
Doing my research and charts right now, expect one more sizable drop this week. FMCI should bottom out around $14-$14.25 and OPES will touch mid $13's again. Bash me if you want, but when FMCI was at $15.50 earlier today I said stop losses between $14.50-14.75 will be raided... sure enough an hour later $14.60 hit and the back up to $15.50ish. One more stop loss trigger coming and then the gradual climb back up officially begins. I'll be waiting for FMCI at $14.25 with a 10,000 common buy and hopefully $3.35 warrants. Remember folks, SPAC's are not a continual climb from the day LOI comes out due to about a 2-3 month merger process. Sudden surge which establishes a baseline for what to expect pre-merger. If this follows all other SPAC's, we will see $20 again once the merger date gets announced. Typically there is then 3-4 weeks between that announcement and the actual date... this is when the climb over $20+ begins
Some good is in stocktwits if you do some looking, but it's also so cesspool-y. Unless you're day trading or doing shorter term swing trading, the best thing to do is batten down instead of complain or say people are losing you money. You only lose if you sell. I can be impatient as well, but today I decided to take a breather on being so focused in, and although it didn't help my mood, it was for the good that I did.
