SPACS always sell off after merger which makes it hard to predict its moves
stalenhoefpim
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Hello, do u know when the merge is with chargepoint?
paulijzermans
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Don't you guys thinks buying right now is dangerous with the upcoming merger and the amount of evidence supported by the precedents with drops of 30-50 procent? Just wondering, I'm thinking of buying as well.
OmaDayum
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@paulijzermans, Hi, sorry I don't understand, but why is merger bad for SBE?
jUiCE_Trades
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@OmaDayum, well usually for spac mergers traders/investors are playing the run up, the merger isnt bad but usually a sell off occurs near date of merger or on the date of merger, consolidates and then continues its run
jUiCE_Trades
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@stalenhoefpim I’m not too sure but I believed it was rumored to be some time during 1st quarter no official date though
jUiCE_Trades
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I agree all energy stocks are pretty overbought imo but we can worry about that when an official merger date is announced for sbe, energy stocks are going to have a good year with this democratic sweep. Sbe, cle, nee are in my portfolio