Rising Dragon has surged over 300% in this wave, the thin float of the SPAC was squeezed, with no substantial business news driving it.
This pattern is usually: rapid surge → loose holdings → rapid pullback. The question isn't the logic of whether it will rise, but whether there's a basis for new entries at the current level.
SPAC-type stocks are handled within a 'pure momentum' framework—no business, no profits, only turnover rate is the signal 🙄
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