SPAC & IPO Ideas

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Jysin

Jysin

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I am only about 17% invested (entire portfolio), so have plenty of cash on the sidelines. I would be happy to average down on PSTH. My only hesitation is this being Fri on an ugly couple weeks in the market, wouldn't be surprised to see a bigger rug pull before the close. Basically me being greedy looking for a bottom scoop on price. Add to this though, a lot of SPACs have been under heavy selling pressure and are close to nav price. Not sure if PSTH can get there too, but its worth considering.

This is in my long term account, so I am happy to weather the storm even if we sit at nav until merger.
 
Jackie Treehorn

Jackie Treehorn

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Jysin said:
I am only about 17% invested (entire portfolio), so have plenty of cash on the sidelines. I would be happy to average down on PSTH. My only hesitation is this being Fri on an ugly couple weeks in the market, wouldn't be surprised to see a bigger rug pull before the close. Basically me being greedy looking for a bottom scoop on price. Add to this though, a lot of SPACs have been under heavy selling pressure and are close to nav price. Not sure if PSTH can get there too, but its worth considering.

This is in my long term account, so I am happy to weather the storm even if we sit at nav until merger.
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Ahhh. And from what I’ve read, Ackman said he was going to announce a target Q1? I’ll definitely monitor it today. If it gets a lot lower I’ll probably buy some.
 
Jysin

Jysin

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Jackie Treehorn said:
Ahhh. And from what I’ve read, Ackman said he was going to announce a target Q1? I’ll definitely monitor it today. If it gets a lot lower I’ll probably buy some.
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This was his previously stated goal. Also recent tweets last week said a PSTH deal comes before PSTH II listing (which the S filing was submitted in January).

Lots of hype and expectations, but with a long enough time horizon, it doesn't matter to me. This is retirement fund money.
 
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Jysin

Jysin

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Someone bought the PSTH dip. 23.13 all the way back up cleared over vwap and testing 24.50.
 
Locnar

Locnar

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All I can say is I'm glad for the 10ish $ NAV floor on most spacs. Also fun fact: Almost all these spacs require 100 percent margin coverage, so looks like I will be liquidating them one by one to cover margin. I think that will let me weather this storm and won't take too big of a hit since most my spacs were sub 11.

I have a land sale going through this month and so wish I had that money sooner than later. I am a huge dip addict and this is killing me seeing stocks I felt I missed the boat on before back to lows and being powerless to buy in.
 
Sanrith Descartes

Sanrith Descartes

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I want to add more PSTH but between shares and warrants my position is pretty capped for the portfolio.
 
Jysin

Jysin

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Jeez. PSTH tapping $28 into the close. Talk about a recovery.
 
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Sanrith Descartes

Sanrith Descartes

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Look at the prices. Why I keep harping on buying near NAV. If you fund a solid company you believe in the. You might hold past the merge and get in on the ground floor of a company at rock bottom prices. Otherwise, turning it for a quick 20-30% is still a good deal.

 
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Sanrith Descartes

Sanrith Descartes

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Trimmed out some SPACS to clear up some capital. I had bought some of the giganto SPACs without really caring about the team or the focus. Sold most for 20 or 30 cent losses. Kept the ones with solid teams and tech focus. Back to my original SPAC plan. I had adopted some mission drift.
 
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Dr.Retarded

Dr.Retarded

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Sanrith Descartes said:
Trimmed out some SPACS to clear up some capital. I had bought some of the giganto SPACs without really caring about the team or the focus. Sold most for 20 or 30 cent losses. Kept the ones with solid teams and tech focus. Back to my original SPAC plan. I had adopted some mission drift.
Click to expand...
What did you end up pitching?
 
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