NBACR - 10 for 1 rights
Been trading these aggressively, recently started buying them back in the 1.25 area while looking to further accumulate on weakness. Currently trading at 1.62, a 23% discount to the common shares at $20.
Technically the stock broke out of a wedge pattern on 1/8, and we would like to see a follow through on increasing volume. Rob did a great write up on the name if interested.
SCPE/SCPE.WS
Trading at 10.38 & 1.88.
ESSCR - 0.60
Mentioned these in the first issue of this substack at .38, and still think there is significant upside here. You don’t even need the stock to go up to make money here, just it not fall by 40% after the de-spac & you win. I understand the China-based concerns, but the management team’s experience gives me some reassurance. The founders of Ufin Tek previously founded Sinowel which got acquired for $250M, and MyApp which was acquired by Tencent and has done over 1.8B in revenue.
VSPR - HydraFacial - 11.23
Looking to build near/below $11 area - could gain traction closer to merger vote.
THBR - Indie Semi - 13.39
Global Semiconductor shortage could be catalyst
FSRV - Katapult - 14.62
Sympathy off of Affirm IPO this week
CCX - Skillsoft - 10.50
good r/r at these levels
Fades:
-PSAC: Bloomberg rumor with Faraday Future. Probably smart to keep a tight leash if chase the gap up.
Disclosure: The above references are an opinion and are for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.