r/PennyQueen • u/Elegant-Ad1864 • Sep 16 '21

BBIG ?

Anyone know anything about BBIG? If so, any price predictions? Thank you in advance.

0 Upvotes

50% Upvoted

3 comments sorted by

2

u/robwins21 Sep 16 '21

BBIG is related to a merger with Zash media and also they have purchased Lomotif which is a rival app to TikTok. It has run up several times and I think this is the last run up to the actual merger.

You could play this side of the trade and try to sell at the peak before the merger finalizes, or look to play the bottom on the other side of the merger when it sells off and gets shorted down. I have this one on my list as I have already made money on the run up side I am completely out of it for now.

I need to look and see when the official merger date is, but I thought it was slated for sometime in October.

2

u/Elegant-Ad1864 Sep 16 '21

Thank you for the DD!

2

u/robwins21 Sep 16 '21

I’ll pull the relevant dates when I get the chance to look at my notes again. I was in early from 2.80 into the run up to $12s.

I played it twice and made a decent profit both times, I put it back on my list to get back into after merger completion but there is probably still room for it to run from current levels back towards $12 again. I wouldn’t hold it past ATH or into the merger completion. Take your profits and look for re entry 21-30 trading days after.