CCG, AONC, MURF, UPTD - Why LZM Makes the Best Low-Float SPAC Pump of Them All
This week the low volume, low float SPACs came alive when Cheche Group Inc. (CCG) shot up to $200 from $11 in a day. That was followed up by an increase in interest in other similar stocks like American Oncology Network Inc (AONC), TradeUP Acquisition Corp. (UPTD), and Murphy Canyon Acquisition Corp. (MURF). One stock that some of the crowd has overlooked but might be the best of them all coming up this week is Lifezone Metals Limited (LZM). It moved up 37.5% on 524,000 volume on Friday, which is exactly what you want to see. When CCG shot up to $200, or the infamous AMTD Digital Inc. (HKD) shot up over $2,000 or the forgotten Addentax Group Corp. (ATXG) shot up to $600, these stocks did it on volume of only a few hundred thousand shares. You don't want to see millions of shares traded, regardless of the float. Whether that's in the form of algo bots flipping incessantly, shorts or naked shorts or investors with locked shares finding ways to hedge their position, sto...