Official Spac Thread

[chino3]

How's everyone holding up? Most have taken a **** kicking this week I assume. Guess I'll just mask my bags with more golfing until September when these start rolling hopefully.

At this point I wish I could just tuck away OPES in a different screen or some chit. Seeing that much red is infuriating. I did enough trading today to offset my down amount should I choose to sell, but I just cannot stomach walking away down that much... bleh.

[Heaney]

At this point I wish I could just tuck away OPES in a different screen or some chit. Seeing that much red is infuriating. I did enough trading today to offset my down amount should I choose to sell, but I just cannot stomach walking away down that much... bleh.

Yeah I'm pretty damn red right now, still up around 50% on the year but am confident that the tide will turn once some catalysts start approaching. I bought 1 day early on my warrants or I'd be around even right now, cest la vie.

[ajctennis]

If only I had switched my buying from yesterday to today. At this point bagholding a little , but catalysts are near and I have faith.

[luckyboy23]

Will LHC ever move?

[RobParks2M]

ticker change is sometime this month right? and the actual merger is september?

Is this wishful thinking on everyone's part? The merge and ticker change is in Q3 so like October or Sept if I was understanding the conference call correctly.

[Thr0waway]

Is anyone going to be putting money into PSTH.U? Bill Ackman's SPAC that will be listed this week allegedly, seeking to raise $4 billion, which is the largest ever. He apparently wants to acquire a "mature unicorn"

Units will be priced at $20 per, compared to the traditional $10.

I'm going to drop a thousand or two in and see what happens.

Edit: Apparently the listing has been postponed to August 14th.

[ajctennis]

If I could get in early enough yes, but by time you get to it will probably have ripped 10-20%.

Is anyone going to be putting money into PSTH.U? Bill Ackman's SPAC that will be listed this week allegedly, seeking to raise $4 billion, which is the largest ever. He apparently wants to acquire a "mature unicorn"

Units will be priced at $20 per, compared to the traditional $10.

I'm going to drop a thousand or two in and see what happens.

[Heaney]

SPAC volume is dead today. Barely over 100K for OPES and GRAF so far.

[topperstyle]

100 graf at 17.24 lmao send prayers

[topperstyle]

SPAC volume is dead today. Barely over 100K for OPES and GRAF so far.

I am hoping people start to swarm again once they lick wounds from chasing Tesla to 1750

[Berts]

Looks like I bought too soon this morning. Instant bags on SPAQ, GRAF and CCH LOL. Good news in long term it will be fine.

[MediocreGains]

Will LHC ever move?

Even the guy who recommended it said to get out. I got out as soon as he said it.

Just checked it again and I see it got a pump a couple days ago. Now it's down below $10.

[Heaney]

Looks like I bought too soon this morning. Instant bags on SPAQ, GRAF and CCH LOL. Good news in long term it will be fine.

Welcome to the bag holder crew . September cant get here soon enough for my trading acct

[RobParks2M]

Its unfortunate I am so bearish on the market overall when I am holding rather speculative warrants that won't go up without a lot of bull greed

[Heaney]

Its unfortunate I am so bearish on the market overall when I am holding rather speculative warrants that won't go up without a lot of bull greed

Completely anecdotal but these things seem to move better on red days tbh

[Berts]

SPAQ taking off, can't find any new news though.

[luckyboy23]

Wow, sold all my LHC shares and it caused the price to dip. Never seen that before.

[Heaney]

Wow, sold all my LHC shares and it caused the price to dip. Never seen that before.

Dead giveaway of no volume. I've mentioned before about how graf basically moves in 25c increments because of the shiet volume.

[RobParks2M]

Wow, sold all my LHC shares and it caused the price to dip. Never seen that before.

loool how many did you sell?

[ajctennis]

Yea the day after I posted my DD on reddit, I noticed that LHC unfortunately was a sinking ship as trading indicated dumping which is why I told the misc to abandon ship while they could. It just didn't gain any traction and it was too late to persuade people. If you sell at market for LHC, lawd does it tank to the ground as volume is pitiful. LHC will probably do well going forward, but I don't see it moving that quickly as of now.

loool how many did you sell?

[Heaney]

SPAQ and CCXX the latest targets of Brodsky Smith frivolous "investigations" into "fraud" lmao these knuckleheads do this with every SPAC, GRAF was last week.

[luckyboy23]

Dead giveaway of no volume. I've mentioned before about how graf basically moves in 25c increments because of the shiet volume.

You learn something new everyday.

loool how many did you sell?

2000 shares for a 480 dollar loss.. JFL. Low key felt good that I personally caused a 7 cent drop in a stock price though.

[meteoraniac]

up 50% on ANDAW so far, granted volume not the greatest (~400k).. feels better than bag holding OPESW tbh

[Berts]

Looks like another red day for SPACs. I'll wait for a larger dip before DCA'ing. LHC completed its merger, ticker should now be DMS but I can't find it anywhere.

[adamsz]

Looks like another red day for SPACs. I'll wait for a larger dip before DCA'ing. LHC completed its merger, ticker should now be DMS but I can't find it anywhere.

1 kept 1 share of LHC and the warrants to just track it and today it switched over on my portfolio on thinkorswim

[Heaney]

Looks like another red day for SPACs. I'll wait for a larger dip before DCA'ing. LHC completed its merger, ticker should now be DMS but I can't find it anywhere.

These bags are starting to get pretty heavy. Down 12K on GRAFW as of now lol.

[RobParks2M]

These bags are starting to get pretty heavy. Down 12K on GRAFW as of now lol.

wtf happened to all the spac volume? Trades like a penny stock now lmao

[Heaney]

wtf happened to all the spac volume? Trades like a penny stock now lmao

No catalysts I would assume right now. GRAF votes on extension next Thursday and has filed for the proxy vote on the merger pending the outcome of the extension vote. Noticed yesterday that most SPACs were trading around 30% of their average volume.

[luckyboy23]

Patience running thin with SPACs. If it wasnt for a huge profit on FMCI and GRAF I would have bled out by now.

[Heaney]

Patience running thin with SPACs. If it wasnt for a huge profit on FMCI and GRAF I would have bled out by now.

Yeah I built up a cushion of "play" money on GPAQW and GRAF.WS that I'm watching bleed into the abyss everyday I guess haha