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Shappa posted:Was expecting a lot more action in this thread today. Maybe the below-NAV dip that a lot of SPAC's have taken have scared off the action, guess we're all just hunkered down waiting for things to happen now. We all really hang in the discord. This week has been frantic stock swapping
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Mar 6, 2021 04:10
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My portfolio is completely different from 24h ago, I think everyone went radio silent while they were reconfiguring and doing napkin math
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Mar 6, 2021 04:42
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Yep it was a crazy day and now I'm expecting to be rolling in dough in 3 months. So many things fell from 15-20 to 10! My whole portfolio was redone in 24 hours  Sorry, it was moving fast and the discussion was pretty much in the Discord. That Reddit post I linked had most of my major moves.
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Mar 6, 2021 04:44
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yr new gurlfrand! posted:My portfolio is completely different from 24h ago, I think everyone went radio silent while they were reconfiguring and doing napkin math Yeah. I have to see what I'm in now. I had a plan. Now I have some amazing das that fell.
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Mar 6, 2021 04:47
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My faith in SPACs coming back is now restored. Even if we crater on Monday/etc. I am much less worried that SPACs will take forever to come back. From price action today during the run up, it’s obvious people are eager to jump back in to (good pre-DA and good DA) SPACs! Swap those crappy NAV commons/units for good commons/units! My big targets thus far have been SRNGU, AACQ, ALUS, ALTU. EDIT: To clarify, swap crappy NAV stuff for good >>NAV<< stuff (all of the above tickers were at 10.20 or less earlier today). Pastrami fucked around with this message at 06:18 on Mar 6, 2021 |
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Mar 6, 2021 06:15
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AJAX is in talks with UK online-only used car company Cazoo, per Bloomberg. https://news.sky.com/story/cazoo-founder-weighs-6bn-merger-with-hedge-fund-tycoon-ochs-cash-shell-12237472 Very disappointing. I'm glad I sold my AJAX on Monday. Bigger things were expected from this SPAC.
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Mar 6, 2021 16:58
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FistEnergy posted:AJAX is in talks with UK online-only used car company Cazoo, per Bloomberg. Why are you disappointed? Because it's a UK-based company? Because of the industry segment? Because other rumored companies didn't pan out? Cazoo can be compared with US-based Vroom, which is currently trading at over $30 a share. Cazoo was valued at over $2 billion in Octobor 2020; Vroom had a similar valuation when it went public in June 2020. Two weeks ago Cazoo announced that they acquired a German car service company; in December they similarly announced acquisition of a car service company with presence in European capitals Lisbon, Paris, and Bucharest. It's clear that they plan to expand their service across continental Europe. Lots of room for an upside, no?
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Mar 6, 2021 20:54
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Tortilla Maker posted:Why are you disappointed? Because the 8 billion dollar valuation is enormous.
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Mar 6, 2021 21:03
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Anybody else holding or buying SNRH? I finished reading the prospectus and I'm feeling pretty good about the 30 shares I have and I'm definitely going to be expanding my position. I know it's a "lower" value SPAC (345 mil vs. some of the big dogs like CVII with 1.2 bil) and senior healthcare isn't precisely sexy like electric cars or some privately held app that wipes butts or whatever, but the people behind it and the underwriting institutions seem pretty solid. I'm still fairly new to this, just wanted to see if anybody else was looking at this one? I'm not expecting a massive pop or quick DA on this one, which I guess isn't the best strategy, but it's very close to NAV right now.
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Mar 6, 2021 23:13
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Poco posted:Anybody else holding or buying SNRH? I finished reading the prospectus and I'm feeling pretty good about the 30 shares I have and I'm definitely going to be expanding my position. I know it's a "lower" value SPAC (345 mil vs. some of the big dogs like CVII with 1.2 bil) and senior healthcare isn't precisely sexy like electric cars or some privately held app that wipes butts or whatever, but the people behind it and the underwriting institutions seem pretty solid. I'm still fairly new to this, just wanted to see if anybody else was looking at this one? I'm not expecting a massive pop or quick DA on this one, which I guess isn't the best strategy, but it's very close to NAV right now. It has a really, really strong management team. Whether it will be a good play? Who knows! A lot of "high-quality" management teams are merging with tiny startups with no revenue and giving them multi-billion dollar valuations. It's dangerous out there in SPAC land!
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Mar 7, 2021 02:56
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Tortilla Maker posted:Why are you disappointed? Seems like a boring and un-sexy target for a hyped SPAC. It's not the kind of market that's going to excite retail investors, especially after the Carlotz SPAC was such a dud. And the valuation was 1 billion like 1.5 years ago I think? I guess we'll see.
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Mar 7, 2021 03:21
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I have been gradually shifting my SPAC money to only the big boys, and with the dip made it official. All my play money is in CVIIU and SRNGU with a cost basis below $10.20. I don't feel like I'll regret it.
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Mar 7, 2021 04:04
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It's looking like another red day tomorrow due to rising treasury rates, which would be perfect for loading up on signed DAs that I missed on Friday. There's so much good stuff below $11, I don't see any need to risk buying any higher. I'm looking at AHAC SFTW AONE AACQ ALUS FTOC NGAC NHIC SNPR STIC if it's a small dip. I'll wait to load up on big fish like APXT DMYI NPA THCB if it's another Friday morning and everything's diving back to $10.
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Mar 8, 2021 03:03
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New list is out! Lots of additions this time, since last week's SPAC correction brought a lot of good signed DAs back under $11. A lot of the good ones are still under $12. I also started keeping track of unit split dates. I'm going to try buying units in bulk a few days to a week before the split, to cash in on the free warrants. I'll probably sell the commons asap and hold on to the free warrants, as the newly split commons probably won't do much for at least a few months.
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Mar 8, 2021 14:52
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Sideways morning isn't all bad. Averaged down on CVIIU, DHHCU and SPAQU. Splits coming in the next month. Would really like to cycle out of ADERU but the split is supposed to be this week, so I'll at least hold on for my free warrants. Otherwise mostly just holding the line. Might pick up some AACQ commons but still mulling it over. Chad Sexington fucked around with this message at 15:52 on Mar 8, 2021 |
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Mar 8, 2021 15:48
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Wifi Toilet posted:Bought into SWBK on today’s “dip.” It’s my first SPAC that I am paying a big premium for, let’s see how badly this works out for me. LOL Can we have a few green spacs today, as a treat?
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Mar 9, 2021 09:38
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Wifi Toilet posted:LOL Have you split off the warrants yet? e: Oh hey, a green day, I remember these. Chad Sexington fucked around with this message at 17:10 on Mar 9, 2021 |
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Mar 9, 2021 15:39
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Up 20% on IPOE since buying in late last week. Should I sell and roll the gains into something else?
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Mar 9, 2021 20:03
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That's a pretty good gain. IPOE was at 25 a month ago, so you have to decide if you're willing to take the risk that it recovers further.
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Mar 9, 2021 22:56
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FistEnergy posted:That's a pretty good gain. IPOE was at 25 a month ago, so you have to decide if you're willing to take the risk that it recovers further. i ended up selling IPOE for 17% gain and CAPA for 15% gain before markets closed. now looking for more stuff to invest those gains into..
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Mar 9, 2021 22:59
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SNRH and SVOK below NAV, dang it. I get paid day after tomorrow, hoping they stay that way so can expand my position and average down on them
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Mar 9, 2021 23:06
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What's RUMINT been saying about SVOK's target? It's an interesting sector, but not sure if I have seen the specific companies named / rumored that they might eat.
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Mar 10, 2021 00:13
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movax posted:What's RUMINT been saying about SVOK's target? It's an interesting sector, but not sure if I have seen the specific companies named / rumored that they might eat. Rumor mill stuff I've been reading is saying Impossible Foods, but it sounds like they have many potential suitors. If not them, maybe like... Amy's or something? Could be something like a green energy company too. Team is solid (like SNRH), so at below NAV I'm thinking it's got a good bit of upside for little potential downside. Again I'm new at this and not investing a whole ton of money and nothing I say is financial advice, etc.
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Mar 10, 2021 00:33
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Is there a place to check when units will split? I have SPAQ.U and SRNGU and might want to load up on extra units since it's currently below my buy in right before they split
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Mar 10, 2021 13:52
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DoubleT2172 posted:Is there a place to check when units will split? I have SPAQ.U and SRNGU and might want to load up on extra units since it's currently below my buy in right before they split https://spactrack.net/activespacs/ You can also set up a google news alert which is super easy.
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Mar 10, 2021 13:56
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DoubleT2172 posted:Is there a place to check when units will split? I have SPAQ.U and SRNGU and might want to load up on extra units since it's currently below my buy in right before they split It's usually 52 days after IPO. Spactrack.net usually has the estimated dates. I'm big into SPAQ as well so I know that one is still three weeks off.
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Mar 10, 2021 13:58
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ARYA is up almost 9% this morning. Did they announce something?
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Mar 10, 2021 16:03
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IMO NGAC/NHIC/NSH/ALUS are still no brainers. Still around 10.50 for good signed DAs with real products and revenue. 5% downside and at least 25% upside.
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Mar 10, 2021 16:16
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FistEnergy posted:IMO NGAC/NHIC/NSH/ALUS are still no brainers. Still around 10.50 for good signed DAs with real products and revenue. 5% downside and at least 25% upside. Which one is your favorite, out of those?
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Mar 10, 2021 16:24
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Thorn Wishes Talon posted:Which one is your favorite, out of those? ALUS which hit $15 pre-crash, or NGAC which hit $14.
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Mar 10, 2021 17:05
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Attn: this thread https://twitter.com/SEC_Investor_Ed/status/1369693319220101121?s=20
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Mar 10, 2021 18:23
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Shear Modulus posted:Attn: this thread Um, I think Shaq knows what he is doing, SEC?
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Mar 10, 2021 18:46
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Today is a welcome sight, I’ve been holding GIK IPOD and IPOF since before my “keep it under 11, bub” policy.
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Mar 11, 2021 16:19
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Vox’s Recode podcast did a whole episode on SPACs, so ... the party is prob over
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Mar 11, 2021 18:17
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jeeves posted:Vox’s Recode podcast did a whole episode on SPACs, so ... the party is prob over Or more dumb money on the way to take our bags?
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Mar 11, 2021 18:48
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Chad Sexington posted:Or more dumb money on the way to take our bags? yeah, i mean we might be in the "media attention" phase 
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Mar 11, 2021 19:04
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Oh to simply be in the denial phase again.
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Mar 11, 2021 20:46
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SVOK is rumored to be in talk with Boxed. Got in below NAV this morning! https://www.bloomberg.com/news/articles/2021-03-11/online-retailer-boxed-said-in-merger-talks-with-seven-oaks-spac?sref=vdKurlBI
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Mar 11, 2021 21:16
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CFIV up 4% after hours for no reason? I'll take it!
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Mar 11, 2021 22:35
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It's definitely starting to feel like we're Back 
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Mar 11, 2021 23:25
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