SPAC & IPO Ideas

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Jysin

Jysin

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PSTH really plunging for lows today.

Got a feeling this is going to be another sit at nav spac soon, although the tontine / warrant structure should keep it valued higher. (2 warrant for every 9 commons held through merge)

*Edit* Just as I post this, the biggest volume candle of the day comes in on buys. Bought another 400 shares 8c from today's bottom. Up to 4k shares now.
 
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Sanrith Descartes

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Jysin said:
PSTH really plunging for lows today.

Got a feeling this is going to be another sit at nav spac soon, although the tontine / warrant structure should keep it valued higher. (2 warrant for every 9 commons held through merge)

*Edit* Just as I post this, the biggest volume candle of the day comes in on buys. Bought another 400 shares 8c from today's bottom. Up to 4k shares now.
Click to expand...
I wrote more puts on it at the $22.50 strike
 
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Sanrith Descartes

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UiPath set to IPO today. Offer price was $56 and looks to open in the 62-64 range.
 
Sanrith Descartes

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Added some SFVA at $10.10. Brought my cost basis under $11 which is much closer to NAV than it was before.
 
Sanrith Descartes

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IF these numbers are valid those are nice margins "Pagaya registered revenue reflecting $300 million annually, and a profit of $100 million for the year."

www.calcalistech.com

Israeli fintech startup Pagaya eyeing Wall Street at $8 billion valuation

Through the first three months of the year, Pagaya registered revenue reflecting $300 million annually, and a profit of $100 million for the year
www.calcalistech.com www.calcalistech.com
 
Sanrith Descartes

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For you gamblers who like to buy calls...

edit: I looked at the option chain and he was right. I actually bought the Dec $7.5 calls for $3.20. Stock is trading at $10.55 so I spent 15 cents premium for 239 days of time value. This really is a deal considering a DA should run this up at least to $12 - 13 and the Delta is 90 cents. Blazin Blazin Fogel Fogel This is a Peter Thiel/Richard Li backed SPAC so a great founder team. It might be worth a consideration to actually buy the calls for a change.



These calls jumped to over $5 on the last gap up on a rumor a few weeks ago.

1619111557898.png
 
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Khane

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NKLA went up to 90 AFTER the merger and the stock ticker change. Hyliion spiked that way too didn't it?

SPACs are the wild west!
 
Sanrith Descartes

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Is it bad that I want LAZR to crash again just so I can trade it some more?
 
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Sanrith Descartes

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For anyone playing at home, in case you were wondering about all the SPACs/meme stocks that had a nice solid 2-3 days last week, they all got max shorted back at the open today. Available shares are zero for most of them (LAZR, VLDR, etc)
 
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Sanrith Descartes

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Interesting to note that BTWN, BTNB, PSTH and SVFA have never broken below NAV.
 
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Sanrith Descartes

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For those who follow SPACs we know that volume is everything in terms of price movement. Here are the volumes of what I consider the top-shelf SPACs
XPOA - 29k
BTWN - 101k
BTNB - 18k
PSTH - 630k
SVFA - 50k
GSAH - 320k

There is a reason they are all sitting around NAV. Just need to sit and wait for a DA and the feeding frenzy to commence.
 
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Rajaah

Rajaah

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Sanrith Descartes said:
For those who follow SPACs we know that volume is everything in terms of price movement. Here are the volumes of what I consider the top-shelf SPACs
XPOA - 29k
BTWN - 101k
BTNB - 18k
PSTH - 630k
SVFA - 50k
GSAH - 320k

There is a reason they are all sitting around NAV. Just need to sit and wait for a DA and the feeding frenzy to commence.
Click to expand...

BTNB, PSTH, XPOA for me. I'd like to get BTWN and GSAH (which I had for a while) but I'm now more in the camp of "have more in a smaller number of things and hope for the best". Rather than splitting the same amount 5 or 6 ways I'll split it 2 or 3 at the most. Unfortunately I can't drop 100k on a speculative investment either.

The best time I had with a stock so far was CCIV and I'd love to replicate that only with something I got near NAV (and not late like CCIV after paperhandsing it early)

Cryptos have drawn most of the attention but I gotta say SPACs still have their own appeal.
 
A

Aevian

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Sanrith Descartes said:
For those who follow SPACs we know that volume is everything in terms of price movement. Here are the volumes of what I consider the top-shelf SPACs
XPOA - 29k
BTWN - 101k
BTNB - 18k
PSTH - 630k
SVFA - 50k
GSAH - 320k

There is a reason they are all sitting around NAV. Just need to sit and wait for a DA and the feeding frenzy to commence.
Click to expand...
So as someone that is not knowledgeable about SPACs, what does volume have to do with price movement of SPACs? I have a small amount of cash that I may be interested in buying some.
 
Sanrith Descartes

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Aevian said:
So as someone that is not knowledgeable about SPACs, what does volume have to do with price movement of SPACs? I have a small amount of cash that I may be interested in buying some.
Click to expand...
Low volume means the stocks aren't being traded much which means there isn't any interest feeding a price movement upwards. Now is a pretty good time to buy, especially if it is below NAV. Just be prepared for it to sit a while and do nothing.

My personal opinion is XPOA is a steal below $10 and I have bought as much as my portfolio weight will allow. I trade options on PSTH every time if dips under $23 and am waiting for GSAH and SVFA to dip under $10 to add.
 
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