SPAC & IPO Ideas

  • 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!
Araysar

Loser Araysar

Chief Russia Reporter. Stock Pals CEO. Head of AI.
<Gold Donor>
81,071
162,230
Khane said:
I'm goin down with this ship! Hold fast mateys!
Click to expand...

tenor.gif
 
  • 1Worf
Reactions: 1 user
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,090
122,684
Jysin said:
Seeing a lot of SPACs below nav. Newer one ENVIU hit 9.77 today.
Click to expand...
$9.50 "generally" is the absolute floor for SPACs. The expenses they can charge tend to hit right about 50 cents a share max.
 
  • 1Like
Reactions: 1 user
Jackie Treehorn

Jackie Treehorn

<Gold Donor>
2,924
7,630
Sanrith Descartes said:
$9.50 "generally" is the absolute floor for SPACs. The expenses they can charge tend to hit right about 50 cents a share max.
Click to expand...

And worst case scenario is you redeem them for $10 plus interest.

There was one SPAC last year that redeemed for $10.30 a share.

So that really is free money minus opportunity cost. Beats cash at any rate.
 
  • 2Like
Reactions: 1 users
Fogel

Fogel

Mr. Poopybutthole
13,333
52,827
I just sold a bunch of spacs that weren't really moving before this and probably weren't going to move much after this to free up some cash for the inevitable buy back in.
 
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,090
122,684
Fogel said:
I just sold a bunch of spacs that weren't really moving before this and probably weren't going to move much after this to free up some cash for the inevitable buy back in.
Click to expand...
I am considering the same right now. I am counter-weighing that the SPACs I am holding will get some sort of bounce as soon as they announce a target. So far I am maintaining my resolve and holding them. Except for one, all my SPACs are in the sub-$11 cost basis. The opportunity cost if I sell one and it moons could be significant.

On the other hand, I might trim some of the lest stellar ones to load more on the stellar ones (like the Peter Thiel ones or the Google team on XPOA).
 
Fogel

Fogel

Mr. Poopybutthole
13,333
52,827
There were only 2 stocks left under 1$



We should do like a dogs of dow and buy each one
 
  • 1Worf
Reactions: 1 user
Jysin

Jysin

Ahn'Qiraj Raider
6,491
4,502
Just got a friend to dip his toes in the SPAC waters. He has an XPOA basis price of 9.97. Lucky fucker.
 
  • 2Like
Reactions: 1 users
Sanrith Descartes

Sanrith Descartes

You have insufficient privileges to reply here.
<Gold Donor>
45,090
122,684
This is what victory looks like on a day like today gentleman...

1614891692882.png
 
  • 1Worf
Reactions: 1 user
You must log in or register to reply here.