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Why are you so interested in CLVT ? Looks like a falling-knife, to me. Even FDS offers a prettier picture, and I ain't touching it, either!
So my own written code scanner picked up SMSI before it went (I dont trust it yet so didnt buy into it). Now it also indicated that CLVT is about to kick off. I will watch it and see if its true or not and maybe should start believing in my own scanner 😆 😜
LAZR - Luminar tech NKLA - Nikola FCEL - Fuel cell CLVT - Clarivate OPEN - Opendoor tech Those are stock who had fallen down alot in last year time. The past history chart shows bounce in stock. Any thoughts?
LAZR - Luminar tech NKLA - Nikola FCEL - Fuel cell CLVT - Clarivate OPEN - Opendoor tech Those are stock who had fallen down alot in last year time. The past history chart shows bounce in stock. Any thoughts?
CLVT ...slow down with those fundamentals there big guy
Thank you for the feedback, I will continue to research deeper into these but have taken them into consideration. I guess the non tangible element is the risk here. BTW ticker CLVT is currently trading at $7.24.
Rumors are floating around on Twitter that a major hedge fund is selling off all their SPAC warrants, which (in addition to concurrent rotation and a relative lack of DAs) has contributed to warrant prices collapsing the past few weeks (in a market with little demand) in addition to the broader market collapse of small cap growth and geopolitical and monetary policy concerns. My opinion and the reason I keep rotating/upgrading positions instead of running away is because I think the best teams most likely to find quality deals are too oversold and will be the first to bounce back when prices stabilize and if good deals start happening again. The 40th percentile for 1/5 or less split warrants is .54 and the 20th is .50, so over 100% upside to average 1/5 or less DA. For example, CCV-WTs hit as low as .51 this week! That's Klein (LCID, CLVT). Even if Klein lands something as awful as MPLN, MPLN.WT are trading at 1.14 last trade, and SKIL.WT are at 1.23. If he lands another LCID or CLVT, we're talking maybe 1000%+ gains from here. I also think deal valuations will come down to reflect market realities and sold off comps, and sponsors will get increasingly creative to reduce redemptions. There's not a lot of silver linings right now anywhere in the market, but if you are looking at only the best SPAC teams that are highly likely to land at least semi-decent deals, there may not be a better time to buy in hindsight. Or, I could be totally wrong. Stick within your risk appetite.
If we could all predict sentiment we'd all be very wealthy and getting wealthier constantly. Gotta look for silver linings and opportunities to constantly improve your holdings. I was pretty surprised how deep it got too - for example, Klein pre-DA warrants didn't get below .90s during the March 2020 crash so I figured that was something of a floor, and yet here they were falling to mid-.80s even after Lucid's success. SKIL warrants trade at nearly 4x that too. Sure MPLN was a dud but if that is a general baseline for bad de-SPAC warrants, it still means a +15% floor and exponential ceiling (LCID, CLVT) is still a good risk-reward ratio. The glut of supply and general risk aversity has created unique buying opportunities.
Alright, here's where I moved my GSEVW (15%) gains into: **GIIXW** \- Self-explanatory **CVIIW** \- Often named as "Top three SPAC sponsor" and was also top 5 in "High PE/VC network centrality sponsor". Pretty wonky, as he sometimes lands massive whales in CLVT and LCID but also somewhat "turds" in SKIL and MPLN. Considering CCIV has a massive trust fund of over 1B, I'm trusting Michael Klein here in landing his next big fish. He should also be reasonably close to announce a DA for this SPAC; his avg time from IPO to DA is 25% (CCV is hitting 25% as of now). **JWSM -** Barry Sternlicht is well-known, I'm certain you heard of his name before. He landed a great deal with CANO recently, even if the current market doesn't reflect that in it's share price . u/apan-man is incredibly bullish regarding this SPAC and you must be living under a rock if you haven't heard of him on this subreddit before. Avg IPO to deadline? 25%. JWSM is sitting at 24% right now. Needless to say, Barry has multiple additional SPACs going on right now, and JWSM just today released the 10-Q filing for Q2, showing LFO of $356K and AE of $238K; both expenses are above the avg. expenses from the latest 25 deals or so (would have to back-check my sheet to be precise here). This SPAC also has a trust fund size of over 1B. All 3 SPACs should be decently close to a DA. You know me, I don't invest into a SPAC unless my indicators prove that they're close to a DA.
Grabbed some CLVT Aug 20 $30/$35 calls and have orders in on CNP July 30 $26. Large buys in the private exchanges. Others of note are HPQ and SAN, but no position yet.
Keep an eye on CLVT & CNP. They're getting bought up in the private exchanges/dark pools in very large amounts. (Others of note are HPQ, SAN & FCN)
Anybody looking at VST or CLVT? They have been absolutely beaten down for what looks to be an over reaction. RSI is oversold on both. Maybe a bounce back?
Looks like CLVT did OK. Skillsoft and Multiplan are duds