Alright degenerates I got some sweet DD that will catapult your portfolio into the stratosphere. Now I know you Apes don't like to read so I'll keep this short. Since DWAC has revived interests in SPAC plays I’ve been on the hunt for the next potential play. Now this is a low Float and high Redemption play. Right now due share lock up and the recent business combination the shares available to trade right now are only around 4.2 Million.
Float Information from latest 8-k
GWH spiked initially after the news of its completed business combination was published on CNBC. And with it being a Green Energy Company backed by Bill Gates there was a lot of coverage. Though after a few days Retail interest seems to have waned in the stock. But it's still capable of running even higher as most De-SPAC plays with high redemption tend to do. There's a golden period within 30 days of a SPAC Play being publicly listed before pipe shares get dumped. Thats its extremely susceptible to volatile movements due to the low float. And with options makes it even more interesting.
High Redemption Low Float Play Examples
Since usually, options trading requires a much higher float than this. The CBOE requires a 7M share float (technically, 7M shares owned by holders without reporting requirements), and 2.4M shares traded in the last 12 months before allowing options trading. $GWH is far below that, but before redemptions it wasn't. This has created a bit of a hole in the CBOE liquidity rulebook. Now there isn’t a gamma or anything like that. This play is solely based on the fact it is a high redemption play with low float that tend to have volatile movements and with options added makes it much more likely. Especially within the first 30 days of its spike as it has happened in these similar plays. Now this doesn’t mean the same thing will happen here but the possible volatile movement is the play. I believe the run up isn't done just yet and could go for another All time high. As most previous plays with the same set up have but its up to you to decide how to play this for yourself.
If this play follows the pattern of previous high redemption, low float plays it might reach a new All Time H
... keep reading on reddit ➡
With only a few days left in the event, do you burn though all you winter event supplies or stockpile them for next year?
I'm thinking of using the rest of days collecting PPC for a jump start on next season.
what is the best way to spend the last few days ?
This thread is about the tremendous short opportunity that GWH represents. WSB seems pretty good at shorts, we were super early on Zillow. Because this is a low float SPAC that ran way above trust price, it represents a very special opportunity to short ahead of the PIPE unlock and front run insiders.
Hopefully you listened to me on the RKLB S-1 effective play as it went down around 20% over the 3 days following the PIPE unlock.
https://www.reddit.com/r/wallstreetbets/comments/q2thtj/rklb_warning_s1_effectivepipe_unlock_should/
SPAC PIPE unlock short trades have been extremely profitable. Popular WSB tickers, like iron net, all absolutely nuked on an event called S-1 effective, which happens sometime after a company files it's S-1. When the S-1 is effective, the PIPE investors are able to sell their shares. Because they got a good deal, normally around $8, they often sell to lock in a huge profit. That's why all those tickers got absolutely crushed on their PIPE unlocks.
GWH at $18 is way above trust. It filed it's S-1 on November 3rd. This means PIPE unlock is very likely to happen sometime in the next week. So why short now? A lot of people do this trade and love to buy puts. This put trade will trend on social media among the SPAC crowd, I'm 100% certain. This will cause the price to crater before the unlock.
$GWH Nov 19 10P
UPDATE: GWH filed Form 424B3, which means S-1 effective, PIPE unlock is tomorrow! I would think this will tank. Normally after PIPE unlock, we see selling pressure for 3 days. So full disclosure, probably covering on Friday. I think the reason this is only down a few percent after hours is there's no shares available to short and the long side is too dumb to sell.
https://www.sec.gov/Archives/edgar/data/1819438/000119312521326126/0001193125-21-326126-index.htm
GWH was a a low float 83% redemption play leaving it with a small float of 4.2M shares. It quickly got pumped last month on WSB and has been $15-22 ever since.
Well, the S-1 was filed 11/3. Once effective (recently 7-14 days, but may be longer) the 25M share PIPE is free to dump.
With such a small float, even if only 25% of the PIPE are short term investors, it's going to be a massacre. Additionally, I cannot find anywhere in the 8K saying they can short their shares, so it does not appear they are boxed in.
Well if the S-1 was filed, why did it pump from $18 to $22 Friday? A few reasons...
- Discord & WSB pumpers are still pumping the low float squeeze. However, I suspect they are secretly buying cheap puts. Lining the apes up for slaughter, who don't understand SPACs.
- PIPE supporting the price so they can dump at 80% profit in one month.
- Warrants can be called if it holds over $18 for 13 more trading days. Doubt it makes it. But they may be supporting the price for this.
- The big one: Form 424B3 shows an Earnout Clause where 16.5M shares are earned for certain VWAP held for 20/30 days. 50% for $12.50, & 50% for $15. **It currently needs 2 more days to hold a $15 VWAP for insiders to reach their 20 days and earn all 16.5 million shares. **
I believe after #4 occurs, this will stop being artificially supported and will finally begin to trend down. Then, once the PIPE unlocks, game over. It's probably going to meet TMC at $3.
Disclosure: Nov/Dec/March puts with various strikes between $5-$12.50
Disclaimer: I am not a financial advisor, do your own DD.
I have been diligently sending my Golems to the King's Gauntlet since the beginning of the GWH. Opened the Android app this morning and all my Gauntlet Tier cheese that I had collected has gone along with all the Golem parts I had stashed in the last few days. Anyone experienced anything similar?
Hello!
Other than the GWH rewards im finding it hard to have an objective during the GWH.
Ive basically completed all the areas except FI.
My highest floor is 124 in valour rift and i dont plan on doing it again until the odds are much higher.
The FI golem rewards dont seem worth the time.
Im just curious what other hunters similar to my situation are doing at the GWH
Thanks!
GWH is gaining tractions with FinTwit Tweeting about it and it spiking hard seconds afterwards. A minute after Ripster tweeted about it it spiked to $19.45 the high of the day. Which just shows that this is an extremely volatile but still valid play.
https://preview.redd.it/7xu2zyv3xyw71.png?width=892&format=png&auto=webp&s=dbc0ad0cc54ae30b4313c568cf759aa0ab14cda2
https://twitter.com/ripster47/status/1454131137270280198?s=20
https://preview.redd.it/xb7zh5p5xyw71.png?width=268&format=png&auto=webp&s=862b5431572fd3f23520cf63f2c2db11fc7c4035
Recent Examples of Similar Plays.
https://preview.redd.it/eu76myc7xyw71.png?width=1042&format=png&auto=webp&s=622073d910946c05d25d0444aab6153cf3b7851c
This also has a high short interest though that won't really matter when S-1 is filed. Which could happen next week but no 1 can predict that just guess. This play is getting primed to run up for the second time I think.
Disclosure: 1000 shares
Hi everyone, I hope you had a great GWH. It was my first time but I think I did good over all. As things are wrapping up, I've realised I still havent spent my advent choccolates. Any advice on what to get? What did YOU all get with them? Happy hunting!
I saw this DD on $GWH and the pipe unlock coming up soon. PIPE is 25M shares and currently the float is ~4.2M since this has a 83% redemption when it deSpacd earlier this year. Most of these pipe unlocks have caused massive dumps, like with IRNT, TMC.. etc. Expecting EFFECT form to be filed within 1-2 weeks.
https://preview.redd.it/c5hqovvjify71.png?width=915&format=png&auto=webp&s=c5839391fb16e60d6521fadfb387129cee754d4d
Hey all,
I'm hoping someone here can help me understand what is happening with GWH. The EFFECT got filed this morning, but it was backdated to the 10th when the 424B3 was submitted. WSB and others pumped this hard as a low float play. The earn-out shares for the founders have already been met but I believe they are all locked up until a minimum of 150 days after merger completion.
The PIPE is 25 million shares on a float of 4.2M after redemptions. The current price is right around $15. It dumped a bit when the 424B3 amendment was filed but still on pretty low volume. That is to be expected that some people would get out before the PIPE unlocked.
So here is what is really confusing me. The volume today is very low. The average volume is around 1M shares traded and with only 2.5 hours left in the trading day, it has just crossed over 500K shares traded and the price is actually up 1%. It seems damn near impossible that less than 1-2% of the PIPE isn't looking to make a quick buck?
I understand there is a case to be made for the long-term outlook of the company, but a strong enough case that 25M shares are all in near-perfect lockstep in holding? Bull crap.
Someone please help me see what I'm missing?
ESS Inc is a manufacture of low-cost long-duration energy storage systems. Like $QS, they are backed by Bill Gates, but actually have a shipping product, revenue, and an order pipeline.
This went public via reverse merger and began trading today under the symbol $GWH. It's likely to see a lot of interest from retail traders.
It wouldn't be surprising to see it have a run like $IRNT and $QS. Though, any huge run in the stock will likely be short lived as all the other similar setups have seen. That really depends upon the lockups and share structure post merger which should became more clear in the near future.
Will there be any tournaments this year?
I’ve been seeing a couple of people trying to bring attention to GWH over the last few days. If you’re new here, It’s basically another high redemption low float play. And if you’re not new here, then you know how these plays usually turn out… which is basically a bunch of people bag holding a stock that they know nothing about at the end (I.e. TMC, OPAD).
GWH is already up quite a bit at $18 which is up 80% above their NAV. If you do decide to play, there could be a very small window of opportunity to make money if you jump in. But chances are you’re already too late and you’ll be buying an overpriced stock that the PIPE investor will unload on you at the first chance they get
Be cautious and make sure to take profit and set up stop loss whenever possible. Remember, just look at how TMC and OPAD played out and that should give you good insight on how this one will play out.
If you want a stock that Bull Gates is invested in, check out BFLY and see how that one turned out as well
