written by reader Monocle Acquisition warrants

By petepietro, December 29, 2020

In your November 6th post you put the following note which almost seemed like an after thought. Trade Note: No meaningful position changes as I mostly sat on my hands through the manic election-related trading, though I did double the size of my holding in Monocle Acquisition Corp Warrants (MNCLW) as they dipped to my limit price when those shares briefly collapsed. At the time I had no idea what a warrant was but it was cheap, even lower than the close from the Friday post, so I bought some at .235 . Yesterday, I was reviewing my portfolio and saw that my top gainer for the day was ASLEW which I did not remember ever purchasing, it was up a whopping 900%. I went back through my history to see when I purchased it and discovered it was due to a merger of Monocle. As of the close today it did drop back down so now it is “only” a 708.5% gain. I tried to sell a third of my position at the Monday close price but did not have any luck due to the drop in price today. Are you still holding your position? Any recommendations? Thanks, Peter

This is a discussion topic or guest posting submitted by a Stock Gumshoe reader. The content has not been edited or reviewed by Stock Gumshoe, and any opinions expressed are those of the author alone.

guest

12345

This site uses Akismet to reduce spam. Learn how your comment data is processed.

0 Comments
Inline Feedbacks
View all comments