SPAC & IPO Ideas

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Pescador

Trakanon Raider
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Damn it guys, I didn't know anything about SPACs and based on this thread I bought about $10k of XPOA a month ago! But at least you are right, it's easy to get out without much loss since I bought at 9.95 or therabouts so I'm only out about $100. Since this news was not well-received, will it typically just sit around NAV until the merge?
 
Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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Pescador said:
Damn it guys, I didn't know anything about SPACs and based on this thread I bought about $10k of XPOA a month ago! But at least you are right, it's easy to get out without much loss since I bought at 9.95 or therabouts so I'm only out about $100. Since this news was not well-received, will it typically just sit around NAV until the merge?
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Only speaking historically, yes it should. It may float up closer to $10 at some point as the vote gets closer or someone famous may tweet out what a great deal this is and it moons.
 
Sanrith Descartes

Sanrith Descartes

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I think one of the things I love most about options expiry is the whining of PSTH call buyers when their calls expire worthless.

Some people just never learn.
 
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Fogel

Fogel

Mr. Poopybutthole
13,138
52,031
Pescador said:
Damn it guys, I didn't know anything about SPACs and based on this thread I bought about $10k of XPOA a month ago! But at least you are right, it's easy to get out without much loss since I bought at 9.95 or therabouts so I'm only out about $100. Since this news was not well-received, will it typically just sit around NAV until the merge?
Click to expand...

Spacs in general have been flat in Feb so best to take your money some where liable to get some gains, even if its SPY/QQQ or another ETF
 
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Pescador

Trakanon Raider
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Fogel said:
Spacs in general have been flat in Feb so best to take your money some where liable to get some gains, even if its SPY/QQQ or another ETF
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At least I didn't buy crypto with it at the end of April!
 
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Sanrith Descartes

Sanrith Descartes

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Long as fuck theorycrafting on PSTH and Stripe/Plaid merger. If these autists would put the same efforts into solving world peace we would be a global paradise by now.

 
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Sanrith Descartes

Sanrith Descartes

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<Aristocrat╭ರ_•́>
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GSAH
Block of 10k shares for sale at $10.10 after hours.

1621886950584.png
 
Sanrith Descartes

Sanrith Descartes

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swayze22 said:
man i just don't get this 🤷‍♂️ (PSTH & Bloomberg)
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The thought process is that Ackman does want the media aspects of Bloomberg and this new company could be used to spin them off. This could also represent the "significant" complexity he was discussing.
 
Jysin

Jysin

Ahn'Qiraj Raider
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Bloomberg prints money too. $10B revenue per year.

Happy to take that over some unprofitable speculative EV company / tech like a lot of the other spacs have taken on.
 
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Jysin

Jysin

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Nothing that he hasnt said previously. "Weeks", however they will announce if it does or does not go through. They already have multiple targets for aquisition if the deal doesn't go through. Doesn't exactly sound bullish either.
 
Sanrith Descartes

Sanrith Descartes

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Jysin said:
Nothing that he hasnt said previously. "Weeks", however they will announce if it does or does not go through. They already have multiple targets for aquisition if the deal doesn't go through. Doesn't exactly sound bullish either.
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I wish there was more, but legally he is limited as to what he can say I guess. Shrug.
Are You What GIF by ABC Network
 
Sanrith Descartes

Sanrith Descartes

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Added my last tranche to GSAH so my last SPAC now has a full position. Got my cost basis down to $10.10 so its pretty much just opportunity cost as risk at this point with this one.
 
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Jysin

Jysin

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CNBC segment on Ackman's spac PSTH and flubbed "trading 1.5x nav".

Ermm.. no talkinghead.. no.
 
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