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Technology Stocks : SPACs....similarities & opportunities?
ATNF 1.110-2.6%12:13 PM EDT

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From: Lawrence Burg3/16/2021 9:57:09 PM
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SPAC/ATNF trade….

I don’t expect news. That would be a bonus.

I do expect any move to be significant. With the close higher than the $5 for AVCT, could easily gap to $12-13 and push to $14-15 pre-market, with a lower open, around $11-12, near the issue pricing.

Selloff for the balance of the day. Insane volume. $20-30M+ shares. I believe this was done on AVCT to overwhelm and churn up any retail interest, and baffle pedestrians with visions of grandeur and institutional fantasy.

I acquired some $7.50 weekly calls for $0.15 around 3pm, 16mar21, noting the bounce off $6. I will place orders to sell them 17mar21 from $3 -$6, but regardless plan to go flat on the calls by the close. If it plays out as I’ve detailed, I will grab some 26 Mar $10 and $7.50 puts, to cover the price fade through next week.
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