Official Spac Thread

[Heaney]

I'm officially flashing the buy signal on AvePoint after reading their investors presentation. Similar revenue to SNOW but @ 1/40th the current market cap (yes you read that correctly), Microsoft partner of the year, clients include near 70% of the fortune 500, recurring income makes up a large portion of their yearly, growing about 30% YoY with rev projections of 200M next year.

Reminds me alot of the GRAF/Velodyne merger from a numbers perspective.

[Harry362]

I'm officially flashing the buy signal on AvePoint after reading their investors presentation. Similar revenue to SNOW but @ 1/40th the current market cap (yes you read that correctly), Microsoft partner of the year, clients include near 70% of the fortune 500, recurring income makes up a large portion of their yearly, growing about 30% YoY with rev projections of 200M next year.

Reminds me alot of the GRAF/Velodyne merger from a numbers perspective.

This is getting pumped like crazy on R/Spac. Already up big AH wonder if that will stick tomorrow


Prob gonna go in for 1000 common shares

[Heaney]

This is getting pumped like crazy on R/Spac. Already up big AH wonder if that will stick tomorrow


Prob gonna go in for 1000 common shares

It definitely could pull back a bit pre market, seems like a no brainer at this point though (which likely means I'll lose my shirt on it lol).

[Harry362]

It definitely could pull back a bit pre market, seems like a no brainer at this point though (which likely means I'll lose my shirt on it lol).

I don’t see much downside in commons. If it drops back to $10 it’s only a couple grand loss compared to potential double/triple up. Maybe it runs like Tortise


I’m not touching warranrs anymore

[Heaney]

I don’t see much downside in commons. If it drops back to $10 it’s only a couple grand loss compared to potential double/triple up. Maybe it runs like Tortise


I’m not touching warranrs anymore

I strictly play warrants but keep a tight leash on them.

Now we have r/spacs calling it "the new Snowflake" lmao yeah there's a good chance this moons.

[LCBOLeo]

I strictly play warrants but keep a tight leash on them.

Now we have r/spacs calling it "the new Snowflake" lmao yeah there's a good chance this moons.

You gonna buy warrants for this one? Or calls too?

[Harry362]

I strictly play warrants but keep a tight leash on them.

Now we have r/spacs calling it "the new Snowflake" lmao yeah there's a good chance this moons.

I’m gonna go pretty hard maybe 2000 shares not sure yet. I want to make sure I have enough to buy affirm and Airbnb soon

[Heaney]

I’m gonna go pretty hard maybe 2000 shares not sure yet. I want to make sure I have enough to buy affirm and Airbnb soon

God damn I really hope affirm doesn't get bid up like snowflake did in pre market.

[Heaney]

You gonna buy warrants for this one? Or calls too?

I bought 6K warrants yesterday after hours. There are no options for this ticker.

[Heaney]

Pretty anxious about APXT right now, it's being pumped SO HARD on wsb and r/spacs right now that I'm starting to feel a little uneasy lol.

[ajctennis]

The spac subreddit is a joke now. It was like 1800 people in the summer and now it’s 28,000.

I would be worried too, the people pumping it have done 5 mins of DD and are acting like they have known the company their entire lives. It’s full blown pump mode. But as long as you make money.

Pretty anxious about APXT right now, it's being pumped SO HARD on wsb and r/spacs right now that I'm starting to feel a little uneasy lol.

[Heaney]

The spac subreddit is a joke now. It was like 1800 people in the summer and now it’s 28,000.

I would be worried too, the people pumping it have done 5 mins of DD and are acting like they have known the company their entire lives. It’s full blown pump mode. But as long as you make money.

Its approaching bubble territory which is kinda why I'm relieved this isn't an EV play, to my knowledge its the first cloud spac. Guess I'll find out tomorrow how she goes.

[ajctennis]

Nice, did you sell ?

Its approaching bubble territory which is kinda why I'm relieved this isn't an EV play, to my knowledge its the first cloud spac. Guess I'll find out tomorrow how she goes.

[Heaney]

Nice, did you sell ?

Yeah, watched it bleed down more than I would have liked but sold for +40% which came out to around 5600usd.

Was just putting a sell order in at 3.95 and it dropped to 3.50 while I was putting the order in, ended up filling my sells around 3.30.

[ajctennis]

That’s a nice win. I wonder what’s going to happen with spac land, what’s next to pop.

I was hoping I could buy ipob warrants again at 5.5 or below but have all of my capital tied up and they’ve announced a merger date so those warrants are back in the 6s.

[Heaney]

That’s a nice win. I wonder what’s going to happen with spac land, what’s next to pop.

I was hoping I could buy ipob warrants again at 5.5 or below but have all of my capital tied up and they’ve announced a merger date so those warrants are back in the 6s.

I was surprised to see KCAC run up 60% today, they've already stated no product until atleast 2023 and even then its solid state battery tech so there's not even a guarantee of that time frame.

Next to pop thats on my radar might be QELL going off of how warrants are trading, they're already trading at a premium and just split + have already had a 'rumored target' Bloomberg article.

I still have about 35Kusd tied up in SNPR which I'm kind of banking on atleast doubling.

[meteoraniac]

cant help to TP from the APXT hysteria... 14.8 was the selling point.. up 40% from buying the day before thanksgiving...
once ppl realise this is not Snowflake competitor (Every shill out there is doing this), i'm guessing it will retrace more but APXT will definitely do well in the long run, so im fishing in the $12 range to get some order

[Harry362]

cant help to TP from the APXT hysteria... 14.8 was the selling point.. up 40% from buying the day before thanksgiving...
once ppl realise this is not Snowflake competitor (Every shill out there is doing this), i'm guessing it will retrace more but APXT will definitely do well in the long run, so im fishing in the $12 range to get some order

I dunno WsB is starting the pump. If OPES can hit 19 so can this

[ajctennis]

Its kind of funny looking back but you could make the argument that Tesla was instrumental in starting the SPAC craze. The timing of Tesla rocketing significantly boosted NKLA and SHLL which brought a lot of new money into the space. When we first had a dip it was because NKLA started to crap the bed. Then HYLN became the spac leader and when it crapped the bed post merger we had our second dip. Right now we are clearly witnessing spac euphoria with dumb money throwing money at every spac they can. I think one could make an arguement that the reason SBE as well as other EV stocks popped was because of Teslas skyrocket from its inclusion in the S&P. I do think that if Tesla were to drop, so would SBE. However, if SBE were to plummet I think we would see a small drop in spacs but nothing like the 2nd drop when SHLL dropped after merger. It's probably going to take an overall market downturn to stop the euphoria.

Its approaching bubble territory which is kinda why I'm relieved this isn't an EV play, to my knowledge its the first cloud spac. Guess I'll find out tomorrow how she goes.

[TugOfPeace]

Any recommendations on some SPACs to invest in? Thinking to start investing small amounts ($1-2k) in warrants and hold. Seems like a good strategy since Heaney is doing well from it

[Humungus]

Any recommendations on some SPACs to invest in? Thinking to start investing small amounts ($1-2k) in warrants and hold. Seems like a good strategy since Heaney is doing well from it

GIK is about to announce Lightning emotors any day now. They're like HYLN for mid sized vehicles. Here's the thing though, they also do charging. And on top of that they work on Amazon vans. So EV PLUS charging PLUS Amazon connection. Basically a perfect storm of hottest sectors right now.

Also probably a good idea to aim for unannounced/unrumored EV SPACs considering how hard EVs have run lately. So SOAC, JIH, CCAC, QELL, VGAC in addition to GIK.

[Heaney]

GIK is about to announce Lightning emotors any day now. They're like HYLN for mid sized vehicles. Here's the thing though, they also do charging. And on top of that they work on Amazon vans. So EV PLUS charging PLUS Amazon connection. Basically a perfect storm of hottest sectors right now.

Also probably a good idea to aim for unannounced/unrumored EV SPACs considering how hard EVs have run lately. So SOAC, JIH, CCAC, QELL, VGAC in addition to GIK.

^^ tug, you literally can't go wrong listening to this guy.

Personally I think on Monday I'll buy back into SOAC even though they're frustratingly slow in announcing anything. QELL I want bad but they're trading at a pretty big premium right now and I'm hoping they come down in price.

[meteoraniac]

I dunno WsB is starting the pump. If OPES can hit 19 so can this

wsb is riding PLTR hard, the APXT shills are from SPAC reddit..

[guideX]

The spac subreddit is a joke now. It was like 1800 people in the summer and now it’s 28,000.
I would be worried too, the people pumping it have done 5 mins of DD and are acting like they have known the company their entire lives. It’s full blown pump mode. But as long as you make money.

This is funny AF.

Why DD when its all about appearance?

Just create 100 fake reddit accounts and shill.

solid DD = 15-30% sustained YoY gains.

Shilling wsb: 200% full blown retard strength gains in under 60 seconds.

[Heaney]

This is funny AF.

Why DD when its all about appearance?

Just create 100 fake reddit accounts and shill.

solid DD = 15-30% sustained YoY gains.

Shilling wsb: 200% full blown retard strength gains in under 60 seconds.

I'm short on almost every SPAC so the retard strength pumpers actually help me out alot haha. I remember making like 100% gains on GPAQW in the summer because everyone was pumping it as "investing in the NFL". Now theyre a penny stock lol.

[Heaney]

I dunno WsB is starting the pump. If OPES can hit 19 so can this

The only issue with this reasoning is that in the summer when opes was popular there were like 4 spacs active and now there are like 100.

[ajctennis]

Fst is trending on stocktwits. Double the amount of followers over the weekend. I wonder if we see warrants at 1.3+ tomorrow.

[Harry362]

APXT has gone from 8200 watchers on stocktwits to 10,200

wsb is riding PLTR hard, the APXT shills are from SPAC reddit..

Seen a bunch of APXT on WSB as well trying to make it next PLTR but now APXT posts are banned

[Hoop_Dreams]

Up big on SBE. Learning my lesson from SHLL and trimming to lock in some profits.

[guideX]

Up big on SBE. Learning my lesson from SHLL and trimming to lock in some profits.

looks like the dream run has finally ended. Warrants already trading almost 25% below the ATH $16.90

Maybe move into Gik.wt

Also, apxtw. Up 70% in pre market already..