LCA SPAC merger playOODA Process
Observe
+ Market is bullish after a few days of pull back.
+ Stimulus talk back on the table with EOY deadline
+ SPAC has been hot
+ SPACs pulled back in recent days
+ Online gambling is going to grow and there are a few big players around it: $DKNG $PENN $GAN, etc.
- some doubts about the merger not happening
- Founder has other capital risks in restaurants that are under COVID pressure
Orient
Short term Bullish
Decide
add shares as close to $20 or lower.
Hold through merger vote.
if gains > 100%, Sell 50% of shares then let it run "on the house"
if gains < 100% by EOY, sell 25% and sell the rest at first sight of weakness in this name or the market pull back.
Act
Setting limit buys for tomorrow
