FOMO’d CCIV twice in one day for -$4k.

Opinion

Originally bought 25 shares at $34.06 Feb 7th. Bought 5 more shares at $35.11 Feb 12th. Sitting pretty for today’s announcement I thought.

FOMO got me this morning so I bought 180 shares at $60 right at open for $10800. Set a stop loss at $50 per share. Was up $800-$1200 all day.

Pre-announcement I noticed at 12:45 that the price was crashing. Quickly look on Twitter for bad news. Deal off? Lucid going IPO route instead? Burry bought shorts? Even with my stop loss, I panicked and sold it all 210 shares at $57.58 and saved $250 in profit at 12:54.

Price stabilizes, I check Twitter and can’t find any bad news. Deal still likely to go through. I FOMO hard again and buy back in with 214 shares at $58.66 in AH at 1:11pm for $12,552.

Almost immediately it starts to go down and I’m down almost $4k for chasing this stupid deal.

I’m officially a moron. Any chance this turns around for me? DCA down when I can?

Posted Feb 23, 2021, 4:29 AM UTC

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