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My coworker, who doesn't know a single thing about stocks, asked me on Friday if I had heard of SPACs. I responded with "yes, a little" and he proceeds to start telling me why I need to buy lots of shares of X, Y and Z. Really gave me the "shoe shine boy giving stock tips" vibe... 
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Mar 28, 2021 16:48
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Thorn Wishes Talon posted:My coworker, who doesn't know a single thing about stocks, asked me on Friday if I had heard of SPACs. I responded with "yes, a little" and he proceeds to start telling me why I need to buy lots of shares of X, Y and Z. Everyone is the shoe shine boy now. After the GameStop stuff everyone wants in, until Wall Street breaks everyone it’s gonna be like that.
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Mar 28, 2021 16:49
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Pretty sure I’m gonna go ahead and harvest my GIK loss and leave everything else in.
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Mar 29, 2021 14:50
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AJAX up 2.5% on DA news they're merging with Cazoo. These days a pop above $10.50 does seem tasty.
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Mar 29, 2021 17:45
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Chad Sexington posted:AJAX up 2.5% on DA news they're merging with Cazoo. If a crappy deal like this had even a modest pop it makes me cautiously optimistic. Better than the string of DAs that immediately tanked that we've had
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Mar 29, 2021 18:34
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On r/PSTH, they post a new picture of Bill Ackman holding another unique footlong sub for every day until PSTH announces a DA. They are on Day 29.
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Mar 31, 2021 16:44
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Chad Sexington posted:On r/PSTH, they post a new picture of Bill Ackman holding another unique footlong sub for every day until PSTH announces a DA. They are on Day 29. I like collaborative art
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Mar 31, 2021 18:20
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What are some good buys at the moment? Beyond just "anything close to NAV"
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Apr 1, 2021 16:23
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BITE just announced that they’re splitting units starting April 5. Do I need to wait til then before calling my broker, or can I call in advance so that the process begins asap? Does anyone have experience getting Schwab to split units?
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Apr 1, 2021 19:45
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iirc schwab charges a fee for splitting units. might be worth considering transferring your holding to a brokerage that doesn't before splitting
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Apr 1, 2021 21:48
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Power Walrus posted:BITE just announced that they’re splitting units starting April 5. Do I need to wait til then before calling my broker, or can I call in advance so that the process begins asap? I think you have to wait until the split. At least with Fidelity, even if you call a day or two after the split date, the actual split won't happen right away and they may just have to put in instructions to execute later. And yes, Schwab charges. That's why I moved to Fidelity.
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Apr 1, 2021 22:25
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Thanks! Yeah I think it’s $39 for the split at Schwab.
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Apr 2, 2021 06:08
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Shear Modulus posted:iirc schwab charges a fee for splitting units. might be worth considering transferring your holding to a brokerage that doesn't before splitting It cost $50 to move stuff out.
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Apr 5, 2021 14:07
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DoubleT2172 posted:Down 6.5% on 400 shares each of SPAQ.U and SRNGU now which I basically thought wasn't possible due to the intrinsic price floor so this is a fun journey lol I bought GRAMF cuz a goon told me these things have a price floor and like, weed + spacs! poo poo has been hovering just above $7 for a couple weeks now.
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Apr 5, 2021 20:18
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splifyphus posted:I bought GRAMF cuz a goon told me these things have a price floor and like, weed + spacs! The price floor only applies up until the merger, which already happened for GRAMF. After that it's not a spac anymore, it's just a regular stock that can go to $0
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Apr 5, 2021 21:46
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Also the floor only really exists if you hold until the merge vote and actually vote to get the $10 for your shares. They sure as hell can sell for 9.95 to someone that wants to make $0.05 a share. Again going up to the vote. After the vote that ship has sailed. It doesn't matter if the vote passes or not you don't even have to cast a vote to merge. You can just check the box "I want my money"
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Apr 7, 2021 21:27
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Jose Valasquez posted:The price floor only applies up until the merger, which already happened for GRAMF. After that it's not a spac anymore, it's just a regular stock that can go to $0 lol
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Apr 9, 2021 00:22
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Finally getting some upwards movement on IPOE again. Looks like some people are expecting the vote/merger to happen tomorrow? This random guy thinks it should be valued close to $24. https://www.nasdaq.com/articles/why-the-social-finance-merger-deal-with-ipoe-stock-looks-undervalued-2021-03-26 Wifi Toilet fucked around with this message at 02:39 on Apr 9, 2021 |
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Apr 9, 2021 02:15
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https://www.bloomberg.com/news/articles/2021-04-09/ginkgo-bioworks-said-to-explore-over-20-billion-sloan-spac-deal and I had the dumb luck to liquidate a bunch of positions yesterday and buy 10000 units at 10.20.  I'm more lucky than good.
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Apr 9, 2021 17:48
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FistEnergy posted:https://www.bloomberg.com/news/articles/2021-04-09/ginkgo-bioworks-said-to-explore-over-20-billion-sloan-spac-deal Nice work man! SRNGU is the largest of my admittedly small positions - 330 @ 10.36. Really wish I’d averaged down.
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Apr 9, 2021 18:46
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I wondered why I got that email while I was sleeping this morning about high volume in SRNGU, that's cool. It's 20% of my positions. Unfortunately 20% of my positions is only $600 lol.
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Apr 9, 2021 19:18
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ASTS, formerly known as NPA, is eating poo poo like crazy lol
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Apr 9, 2021 20:31
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Shear Modulus posted:ASTS, formerly known as NPA, is eating poo poo like crazy lol I'm in that one longterm. I don't think it'll do poo poo until BW3 goes up.
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Apr 9, 2021 20:51
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GrandmaParty posted:I'm in that one longterm. I don't think it'll do poo poo until BW3 goes up. I cannot read this and think anything except Buffalo Wild Wings and ASTS holders are now discussing calling their brokers to make sure their shares are not available for shorting. yes, exactly like gme. 
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Apr 9, 2021 23:21
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ASTS 10p were $0.10 2 days ago. Options are there for a reason if you’re going to be obsessing about every price tick.
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Apr 10, 2021 01:28
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All my long-term-in-before-split plays are officially split. I kind of just want to sell all the warrants now to claw some money back but I will instead continue to try to be patient.
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Apr 15, 2021 21:42
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If you've been flat or red since February, just remember it could always be Worse: https://www.reddit.com/r/SPACs/comments/mrlxt1/portfolio_obliteration_support_group_20/?utm_medium=android_app&utm_source=share
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Apr 16, 2021 22:30
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FistEnergy posted:If you've been flat or red since February, just remember it could always be Worse: lmao Fame Douglas fucked around with this message at 23:12 on Apr 16, 2021 |
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Apr 16, 2021 23:09
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LOL now THCB is scrambling to get enough people to vote for the extension so it can merge with Microvast. But so far they don't have enough and there's a chance the extension will not pass. You had to have owned the shares on March 17 in order to vote in the extension, but there are probably tons of shares that have been sold since that date in the big SPAC selloff and those old owners sure don't give a gently caress enough to bother voting. I only have 100 warrants left but those are probably going to 0 soon.
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Apr 20, 2021 22:18
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I'm watching GIK and THCB with a lot of morbid fascination. Both SPAC teams have done a terrible job, and now the mergers are at real risk. I feel bad for holders but I believe it would be healthier for the market to have a couple of the worst offenders fail spectacularly. For a year now, SPAC promoters have brought whatever the hell they can get their hands on to the market, not caring about what happens after the merger because they're getting paid. They need to be checked until they start delivering quality targets and deals. I say rip the drat bandaid off. 
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Apr 20, 2021 23:08
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PSA: HERAU (new Betsy Coen 850m SPAC) splits on Monday with 1/4 warrant per unit. It's trading at 10.02 right now. I just bought 10000 units. It's the safest bet on the board right now and is almost guaranteed profit barring the sudden end of civilization.
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Apr 22, 2021 19:13
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at this point i'm just waiting for my spcx to go back to green so i can sell it all and buy voo instead, gently caress this bullshit
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Apr 22, 2021 19:44
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what do you guys think of IPOF?
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Apr 23, 2021 08:26
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I'm interested but not at 10.70
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Apr 23, 2021 14:18
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PawParole posted:what do you guys think of IPOF? It's got a high premium and an unannounced target. Chamath's a hype man so it'll run pretty hard when it does.
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Apr 23, 2021 15:32
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FYI if anyone's holding TWCT, Celebrite, the Israeli phone hacking company they're merging with, is now in a spat with Signal where Signal seems to have owned their hacking software. https://twitter.com/signalapp/status/1384906127360548869?s=20
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Apr 23, 2021 18:23
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Shear Modulus posted:FYI if anyone's holding TWCT, Celebrite, the Israeli phone hacking company they're merging with, is now in a spat with Signal where Signal seems to have owned their hacking software. Rip, dumped that when the DA moved the price exactly 0.00 dollars.
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Apr 24, 2021 04:46
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THCB merge vote failed. So they've adjourned the meeting until May 10th. Some people think the whole thing is now hosed because the deadline is Friday and they don't have the votes. Others think there is a clause in the adjournment release that will let the board buy public shares to reduce the float and brute force the percentage to 65% "yes". I bought some cheap May 21 12.50 calls. Gambling is fun.
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Apr 28, 2021 16:45
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It's a total mess, just like THCB has been since the beginning when they were looking for a weed merger. The SPAC team is a joke. Total stay-away imo.
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Apr 28, 2021 17:13
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Hahaha spacs are so dumb: "According to Article Sixth, as of May 1, 2021,the vote required for approval of the Extension Amendment Proposal will be reduced from 65% of the shares outstanding to a majority of the shares outstanding on the record date." So I guess it passes because they say it does. Hopefully my calls will be profitable tomorrow.
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Apr 28, 2021 23:15
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