Techreturns

$SHLL Bull Flag - Hold Your Nose & Buy Shares

Long
NYSE:SHLL   None
$SHLL is one of a few spacs - $FVAC the other - that I am fundamentally bullish on and want to own. I like the go-to-market strategy, I like the comparison to $CMI, I like the potential speculation on ticker change come September to boost its visibility. Part speculation, part fundamental; long $SHLL below $20.

$SHLL bull flag finding some buying after gap fill. Nice place to go long on this generally low volume selloff. Looks for breakout above channel resistance for definitive long around $20 currently. Beware of channel rejections/fakeouts, as always follow volume & price action. Happy to buy $SHLL now and later. A great stock to sell puts on as well if you are longer term like I am. Jan 2021 $15p give you a cost just above $10/share which values $SHLL at $1.5B. 30% premium for 6 months? Please and thank you!
Disclaimer: This account and post are not intended as trading advice and are for educational and informational purposes only.

Comments

Thanks. Would you still recommend selling puts Jan 2021 $15p?
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