SPAC Info

Coastal Capital Acquisition Corp. announced today that it has made certain changes to management. The company CEO Tracy Anderson has resigned and replaced by Jeff Berkowitz. However, he will continue to serve on the board of directors along with Greg Pasco. As Barry Baker has taken a position with another public company, he resigned from his position at Coastal Capital.

Besides management changes, the company has begun the process of moving the corporation from Georgia to Florida. The board has also approved corporate name change to JB Consulting Inc. The newly appointed President and CEO, Jeff Berkowitz said these changes are needed in order to start the implementation of a plan to transform the company from a shell corporation into an operating company.

JB Consulting Inc will provide consultancy services for private companies that intend to go public. The services include public relations, mergers and acquisitions, registration preparation, CEO conference calls, web design and social media programs.

“Support” and “resistance” is slang popular with business professionals on Wall Street.

“Support” applies generally to a stock that is directed downward in the short term, but may be a long-term uptrend or downtrend. It refers to the price level at which the stock seems to bounce back up over time. You may consider support as a floor that the stock did not seem to break for a long time.

Staying with the above example, “resistance” is like a ceiling. It ‘s the price level at which the stock seems to bounce back down once it is reached.

The good news is that once a stock finally penetrates through the resistance, you can go to the moon. Traders love a stock that breaks through the ceiling because there is nothing holding it from going higher.

Similarly, once a stock falls through the floor, it is likely to go down and down until it finds a new support. This could be a support level at which the stock previously had stayed several times in the past.

Stocks that face resistance or support usually don’t break the level easily. Trading professionals generally like to buy stocks that are in a long-term uptrend and are just bouncing up from support. Or better yet, they like to buy a stock when it breaks through its resistance.

Trading is a completely different business compared to investing. When you invest, you should look for companies with a sound business plan, having share prices close to their minimum of 52 weeks.

Your goal is to hold the stocks for a minimum of 1-5 years or even longer. An undervalued stock with a price unfairly knocked down is a good thing for a patient investor.

By contrast, stocks reaching new highs of 52 weeks are more appropriate for trading. This is because traders are more interested in the stock chart patterns than in its business. As a trader, you’re trying to keep a stock for up to a month or two, but more likely for days, hours, or even just a few minutes.

Trading can be exciting, and it can be nerve-racking. Not everyone is cut out to become a trader – it takes a person with a gut of iron and nerves of steel. Above all, the business requires discipline.

Is The Stock Trending Up or Down?

You could have a trading insight from a news story or even an instinct, but you should never really place an order without analyzing the stock’s chart.

A stock that is in a general downtrend is rarely appropriate for trading.

You can determine the stock’s trend by looking at its one-year chart, and connecting the peaks over time and its spikes down over time (its depressions). In general, professionals only risk their capital in stocks that are trending up over time.