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Divot posted:I guess the question is, what are the meme SPAC's that would benefit from an Elon tweet? funny names like cool and lmao?
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Mar 2, 2021 11:04
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I hope some rich Australian launches one and calls it $oval office
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Mar 2, 2021 11:19
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Parking a chunk in FSNB.U, couldn’t resist half a percent over NAV for pre split units.
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Mar 2, 2021 13:47
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pixaal posted:funny names like cool and lmao? Last Minute Acquisition Organization Incorporating now e: ahaha there actually is a LMAO. Maybe you already knew that. I didn't. ReidRansom fucked around with this message at 15:09 on Mar 2, 2021 |
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Mar 2, 2021 14:40
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Question for FistEnergy, et al BCYP is below $10, is it unusual for a SPAC to dip below the $10 threshold?
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Mar 2, 2021 16:13
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Burn Zone posted:Question for FistEnergy, et al The explanation I've heard here is that it's not uncommon, because it's better to get $9 out now instead of getting $10 much later when the SPAC fails to acquire anything.
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Mar 2, 2021 16:34
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We also see poo poo fall below $10 when they announce a DA and the market doesn't like the target company yeah?
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Mar 2, 2021 16:36
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Burn Zone posted:Question for FistEnergy, et al By a tiny amount is not that unusual. It will almost certainly head north of $10 again in the near future though. Not really an issue if you're holding unless you need to liquidate asap.
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Mar 2, 2021 16:39
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vote_no posted:The explanation I've heard here is that it's not uncommon, because it's better to get $9 out now instead of getting $10 much later when the SPAC fails to acquire anything. I understand not wanting to have your money held up while the SPAC dissolves, but BCYP is less than 2 months old and I haven't seen any news, still seems like a solid hold for now. I suppose if it stays below 10 for a couple of days we have a problem. FistEnergy posted:By a tiny amount is not that unusual. It will almost certainly head north of $10 again in the near future though. Not really an issue if you're holding unless you need to liquidate asap. Makes sense, no need to liquidate here so holding.
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Mar 2, 2021 16:40
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Really, anything below $10 is free money unless you think the SPAC is going to steal the trust and disappear, which hasn't happened yet lmao
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Mar 2, 2021 16:43
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Anyone know anything about STWO? I stumbled upon them while reading an article about the future of lab-grown meat. I’m not really sure exactly what people mean when they say to “do your research” before buying a SPAC, but I saw that it was close to NAV so I just figured PRESS BUY BUTAN
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Mar 2, 2021 16:45
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ACND is below $10. I think they had a DA that wasn't well received.
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Mar 2, 2021 16:46
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moctopus posted:ACND is below $10. It was trash and they should feel bad.
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Mar 2, 2021 17:01
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News flash: This loving sucks. Hold.
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Mar 2, 2021 20:04
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Yep and ok.
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Mar 2, 2021 20:24
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AACU is at 10.15
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Mar 2, 2021 20:34
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I never thought I would see it, but NSTB is almost back down to NAV, I fear this one may dip below $10.
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Mar 2, 2021 21:12
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My biggest position is FPAC and it’s not happy at the moment. It’s also the first time I’ve had warrants. As much as this all sucks it could be a whole lots worse. I’m in 3 spacs below 10.70 and an all market ETF. Not exactly loving it but everything is holding up relatively well all things considered.
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Mar 2, 2021 21:14
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In times like these... I guess I can get work done instead of staring at number.
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Mar 2, 2021 21:22
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OP please rename thread to SPAC in Red
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Mar 2, 2021 21:26
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So is this the first time Elon tweets and everything goes down?
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Mar 2, 2021 21:28
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This is my first correction and the scariest part is just the doomsaying and people freaking out hardcore in other forums. I get it since a lot of peoples portfolios probably crashed, but man it's kind of stressful to read. I'm trying to throw more I can afford at it and average all my positions down and hope for the best. I've averaged down to below 10.40 on most stuff now at least so worst case its an expensive lesson
Meow Tse-tung fucked around with this message at 21:41 on Mar 2, 2021 |
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Mar 2, 2021 21:38
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I am pretty new to the SPAC game but I don’t see any reason to get all worried about your holdings that don’t even have rumors or DA yet... right? I actually sold my FPAC around 10.50 to free up cash for another trade and now that it’s back to like 10.05 I’m about to get back in. My FPAC warrants on the other hand do look like poo poo, but again I’m not feeling worried about it at all.
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Mar 2, 2021 21:40
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My warrants are getting absolutely destroyed. I bought some more late last week thinking that was a dip but looks like I was wrong on that. My commons aren’t great either but I tried to avoid high flyers and post-DA names. CRHC, MTAC, SCVX are all down but they are all pre-DA anyway. I kind of think a lot of these may dip into sub-$10 territory soon.
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Mar 2, 2021 21:44
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SRNG units are under 10.80
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Mar 2, 2021 21:51
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LMAO seemed like a potential meme target but it's run by LMFA who...help collect on delinquent accounts for HOAs in Florida as far as I can tell. I'm not an expert but that isn't what I would look for in management. Also they're targeting fintech. Even though it's cheap I have trouble seeing memes sticking to something to blatantly unsexy.
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Mar 2, 2021 21:57
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Shear Modulus posted:SRNG units are under 10.80 A lot of people can't buy them :/ So I mean, it's good if you want a low price I am saying.
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Mar 3, 2021 01:20
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Tetramin posted:I am pretty new to the SPAC game but I don’t see any reason to get all worried about your holdings that don’t even have rumors or DA yet... right? I actually sold my FPAC around 10.50 to free up cash for another trade and now that it’s back to like 10.05 I’m about to get back in. Yes and no. There was a ton of hype around SPACs picking up SentinelOne and now they are going alone. There was a lot of hype for a lot of things that didn't pan out. The biggest issue with SPACs is it can literally be a year before an announcement and the announcement can suck. The only things that make SPACs good anymore are certain individuals running them, the sector of choice (which identifies potential targets) and, um, faith. So for me I have 25% of my SPAC gambling money in 4 different SPACs. Not everyone has a bunch of money to just have sit around waiting for a pump, though. I'm expecting 2 of them to get me 30% return and the others to fizzle out.
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Mar 3, 2021 01:22
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Darth TNT posted:So is this the first time Elon tweets and everything goes down? Course it does because I owned the stuff the moron tweeted about.
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Mar 3, 2021 01:30
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https://twitter.com/GillianTan/status/1366941486193938435?s=20
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Mar 3, 2021 05:04
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Shammypants posted:The only things that make SPACs good anymore are certain individuals running them, the sector of choice (which identifies potential targets) and, um, faith. Are you a member of the church of Chamath?
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Mar 3, 2021 05:08
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Mhmhmhmhm yes,  Goddamn when does the free money train loving end?
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Mar 3, 2021 10:00
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HZON looks up to 12 already
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Mar 3, 2021 10:22
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Never heard of sportradar, is it a big deal or have I just answered my own question?
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Mar 3, 2021 10:27
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haha my lovely brokerage won't even let me place a conditional order, I hope they eat a gigantic bag of dicks and choke on them I was going to put a sell limit of $16 for HZON in case it pops overnight our time but instead it looks like I'll be getting up regularly to see what it's doing. I've just done what I should've done a month ago and checked reddit, a thread there recommended IB for trading SPACs from Australia. I looked on their support page and one of the topics was requesting to split a SPAC unit, it will cost $300 per SPAC though ($100 to cancel the unit, $100 to create the warrants, $100 to create the shares) so it would only be economical for large holdings. Do all SPACs undergo a mandatory split into commons and warrants at some point in the lifecycle? They specifically mentioned that there is no charge for mandatory splits. Given this mob would charge a lot for a voluntary split would it be viable to buy the units of popular SPACs (i.e. SRNG) and either hold them until a mandatory split or just sell the units in the unlikely event it pops pre-split?
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Mar 3, 2021 11:24
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Wifi Toilet posted:Never heard of sportradar, is it a big deal or have I just answered my own question? Sportradar is a pretty big name with a lot of NFL and sports betting contracts. Michael Jordan and Mark Cuban ties as well. It's the best (potential) merger announcement since CCIV and I'm going to hold until the DA is official, unless it does something significant like popping to 15+ on the rumor. There will be a lot more media coverage and retail interest compared to the junk we've seen lately. It's not a speculative gamble on future growth like a lot of SPACs; they're a growth market leader right now.
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Mar 3, 2021 14:40
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Selling HZON warrants this morning for a nice 50% gain, gonna let the commons ride for a while, this looks like a nice target for them
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Mar 3, 2021 15:41
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Think it's at all worth getting in on HZON commons at this price or should I just sit back and watch what happens as a nice lil lesson of how these behave. It was on my list to get in on soon but guess I hosed that up a little lol
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Mar 3, 2021 16:08
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How high do you think it will go? If you think it will go to 15 then all you’ve lost is some small profit by getting in at 12 instead of 10. If you don’t think it will go to 15, then why take the risk of getting involved today?
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Mar 3, 2021 16:12
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Divot posted:Think it's at all worth getting in on HZON commons at this price or should I just sit back and watch what happens as a nice lil lesson of how these behave. I got in today at $11.80 on the news -- only 25 shares, though, so it bombs it's not much of a loss.
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Mar 3, 2021 16:47
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