Tarrant
<Prior Amod>
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Investing General Discussion
- Thread starter Furious
- Start date
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Guest, it's time once again for the massively important and exciting FoH Asshat Tournament!
Go here and give us your nominations!Who's been the biggest Asshat in the last year? Give us your worst ones!
Vepil
Gamja
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Indyocracy
Stock Pals Participant
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Fogel advice paid for my kid's hospital delivery bill last week.
Sanrith Descartes boomer advice hasnt made me any money yet then again Im not a die hard Lockheed Martin, Home Depot investor
Sanrith Descartes
helped me with the options plays, more to confirm I was only half an idiot- 1
Malakriss
Golden Baronet of the Realm
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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Where were you when I led the chosen one's to a 900% gain on VTIQ? Not all were believers before. But they became believers.
i think that was way before i started participating in this thread. i only started posting here last june
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Caliane
Avatar of War Slayer
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Sanrith Descartes
You have insufficient privileges to reply here.
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Big Phoenix
Pronouns: zie/zhem/zer
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Hateyou
Not Great, Not Terrible
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Arden
Blackwing Lair Raider
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Still watching youtube vids nonstop on SPACs but I have a few questions:
1. It seems like most people indicate the risk of SPACs is either a poor acquisition or no acquisition at all. If I'm reading you guys right, most of you are getting out of SPACs pre-acquisition? You are basically just waiting for the "good news bump" and then selling? Or are you staying in until after the actual acquisition?
2. Is 10$ really as low as a SPAC can go? If so, it seems like an extremely mitigated risk if you get into a SPAC near the bottom (10$ range). You have plenty of upside and very limited down. Am I missing something?
1. It seems like most people indicate the risk of SPACs is either a poor acquisition or no acquisition at all. If I'm reading you guys right, most of you are getting out of SPACs pre-acquisition? You are basically just waiting for the "good news bump" and then selling? Or are you staying in until after the actual acquisition?
2. Is 10$ really as low as a SPAC can go? If so, it seems like an extremely mitigated risk if you get into a SPAC near the bottom (10$ range). You have plenty of upside and very limited down. Am I missing something?
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Loser Araysar
Chief Russia Reporter. Stock Pals CEO. Head of AI.
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1. Yes, no one is waiting for the actual merger. Everyone is waiting for the merger announcement, the upshot in stock price and almost everyone sells way before the merger takes place. There are very few instances where the merger is of enough upside that you'd want to hold shares afterwards
2. No, you're not missing anything - that's the big attraction to SPACs. Your floor is almost always $10/share, so if you get in low teens you stand to lose very little if anything happens. But even if SPAC doesnt find an acquisition, everyone who's holding shares gets their money back at $10/share from the escrow that was originally created when the shares were IPO'd.
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Sanrith Descartes
You have insufficient privileges to reply here.
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2 first. A SPAC can pay ordinary expenses. General numbers put this around 40 or 50 cents so it has a floor of about 9.50. No you aren't missing anything. Getting into it around 10$ is a good play. The downside is the opportunity cost of your money being tied up for 2 years and then getting it back without a deal so no profits for 2 years.
1. You are correct. Most people dump it at the merge. It would take a special company for me to hold it beyond the merge.
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Arden
Blackwing Lair Raider
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Araysar
brought this up today. I tried to buy in but I guess my Fidelity account is too new. They gave me credit for my deposit until my money hits, but they don't like this particular stock or something. Wouldn't let me buy. Hopefully my money hits tonight and I can buy in tomorrow.
Arden
Blackwing Lair Raider
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Sanrith Descartes
You have insufficient privileges to reply here.
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Fogel
Mr. Poopybutthole
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Considering it's both a penny stock and only being brought up because of the meme stonks, that's a big no from me dawg. I've had mixed luck with penny stocks in general and will generally only do one at a time if there's a big catalyst for it coming up.
In spac news, apparently we missed the news that moneylion is in talks with FUSE, which didn't seem to go over too well considering FUSE actually went down on the announcement. But some are saying it went down because of the meme stocks combined with the fact that people thought FUSE was going to announce they were going with BlockFi. I'm probably going to cut bait on this one.
In spac news, apparently we missed the news that moneylion is in talks with FUSE, which didn't seem to go over too well considering FUSE actually went down on the announcement. But some are saying it went down because of the meme stocks combined with the fact that people thought FUSE was going to announce they were going with BlockFi. I'm probably going to cut bait on this one.
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Arden
Blackwing Lair Raider
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Explain it to the new guy, Bunk. What's so bad about penny stocks?Penny stocks.
