I generally buy 100 shares in SPACs. If after a target is declared I like the target I may buy another hundred if the price doesnt pop right away. So yeah, I have about 20k+ (counting my big PSTH position) right now. Opportunity costs have so far been exceeded by the profits I have made buying near Nav. Making 50+% for a month or two far exceeds the opportunity cost of parking the cash. I am also heavily invested selling options. I don't run a small cash position because I tend to keep it working. It has been shrinking over the last few months as I took opportunities along the way to add/begin long positions on buy/hold stocks.What is your average investment in all these Sanrith? There's so many out there. It sounds like you have money in about 20 different ones, and even if it's just $500 each that ties up $10k in opportunity cost for selling puts or other BTFD opportunities.
What is your cost basis?XPOA hit 10.27 today. This thing hurts looking at % losses.
Not at all. That is a short percentage list. I pointed it out because no one is shorting PSTH.ps.. Very little of SPACs are "cheap". Except for PSTH all of the others have NAVs of $10.Am I a loser because i don't own any of those? I sold IPOE and ACIC atleast though for pennies...
e: Everything is so cheap right now.
10.07 today.XPOA hit 10.27 today. This thing hurts looking at % losses.
I had an order to buy more at 10.75. it hit 10.75 but not enough buyers to trigger my order.Man, BTNB below 11. May need to buy more.
I snapped up some between 10.80 - 10.90. Same thing though my orders didn't fill immediately at the lower end, but happy to grab some more.I had an order to buy more at 10.75. it hit 10.75 but not enough buyers to trigger my order.
Was looking to add another 100 shares. I do my SPACS in 100 share blocks .I snapped up some between 10.80 - 10.90. Same thing though my orders didn't fill immediately at the lower end, but happy to grab some more.
Edit:. How much were you buying?
My WPF position is almost back in the black. Alight does a lot of benefits servicing, including the benefits servicing for my own company, but after looking more into them and the amount of issues they've had with security and fraud I'm just not on board. Can't wait to sell this turd.
you still holding bruh?
WPF is finally under NAV
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i'm 30% underwater on this, debating if i should just cut bait and free up remaining cash or just ride it down to $9.50 and hope that Alight turns this shit around in next few months
They do have some good news recently but its all press releases and that hasnt budged the price at all
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