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Thread: Official Spac Thread
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03-01-2021, 04:20 PM #2941
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03-01-2021, 06:52 PM #2942
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03-01-2021, 07:04 PM #2943
The only way "the public" got shares at 120 is if they were accredited investors and were alloted through their brokerage. One guy on this forum tried (ex wallstreet guy apparently) but his broker didn't have any IPO shares left to allot him. It debut on the public market already up over 100%, ran to I think 340ish and then sold off some.
Whether they buy IPO shares or not wasn't the general theme of my post, it was that its easy for billionaires to poopoo on retail plebs using SPACs as vehicles to success when the hedge funds are allotted literally every tool necessary to succeed compared to us. Also tech has never really been in Berkshire Hathaway's circle of competence and even with all of the tools at their disposal they were still outpaced by the SP500 in 2020. Seems like the game is starting to pass them by tbh.
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03-02-2021, 05:41 AM #2944
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03-02-2021, 08:29 AM #2945
- Join Date: Apr 2012
- Location: Alberta, Canada
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People were saying that about Buffett/Berkshire back in the 80s-90s when Buffett was worth $500million and Berkshire was a fraction of the size. If they achieved this while the game was passing them by, just imagine if they had hopped on the tech train
But I think a lot of the points you’re bringing up are things Buffett/Munger would also mention when warning people to stay away from IPOs. The game is skewed towards those making the deals and it’s all about getting as much money as possible out of buyers, which is the antithesis of the value investing philosophy
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03-02-2021, 09:03 AM #2946
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03-02-2021, 09:27 AM #2947
That’s fine by me. No reason to move until deals are announced which is totally good by me. Kinda getting tempted to start moving some of my FTOC position so I can keep buying literally at NAV.
Also warrants are holding strong so I’m not super worried about spacs yet. When they all start getting down into the $1-$1.50 range again it’ll only be back to where I started in early December.Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-02-2021, 09:45 AM #2948
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03-02-2021, 10:00 AM #2949
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03-02-2021, 10:19 AM #2950
SportRadar has agreed to terms with a spac, 10-12B valuation. Only a few big enough to take that on. Would likely need to be a 700M to 1.5B spac.
https://sportshandle.com/source-spor...blic-via-spac/
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03-02-2021, 10:21 AM #2951
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03-02-2021, 10:24 AM #2952
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03-02-2021, 10:32 AM #2953
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03-02-2021, 10:44 AM #2954
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03-02-2021, 12:40 PM #2955
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03-02-2021, 12:48 PM #2956
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03-02-2021, 12:58 PM #2957
Is RBAC big enough? They were focused on Fenway for a long time too so I kinda doubt they are in the running.
Gonna throw ETAC Hat in the ring. It’s a technology/software company and sportsradar sounds data analytics/software so perhaps. It’s a big group too but who noseFitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
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03-02-2021, 01:08 PM #2958
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03-02-2021, 01:12 PM #2959
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03-02-2021, 05:50 PM #2960
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03-02-2021, 06:45 PM #2961
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03-02-2021, 06:55 PM #2962
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03-02-2021, 07:16 PM #2963
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03-02-2021, 07:19 PM #2964
Would love to see the market react favorably to the deal to shed some positive light on spac nation. The last 7 trading days have bee rough. I personally blame CCIV bc why not.
Also on a personal note I decided that if I hit it big on IPOF (if I double my money-ish) I'm gonna treat myself I think. Why not only live once.
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03-02-2021, 07:23 PM #2965
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03-02-2021, 07:37 PM #2966
I've lived in the same apartment that I hate for the last 10yrs even though I make 3x more now at work than when I moved in and I've had my eye on a condo in a new building being built here on the water front/right across from a private golf course (I fukin love golf). I could afford it as is but making a nice chunk of IPOF might be the push I need to actually pull the trigger.
Funny you mention the rolex because I want to buy a C63 (think I've mentioned that in here before) and I have actually lost more since last Monday (paper losses) than buying one would cost (by a large margin).
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03-02-2021, 08:14 PM #2967
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03-02-2021, 08:29 PM #2968
Either pay property tax or condo fees, gonna get ya one way or another unless you rent. The housing market in my city right now is outrageous, its a university town so everyone buys up houses way above asking and rents them out for income properties. On my street which isn't a ritzy area at all, mostly student housing its not uncommon to see a run of the mill 4bdrm piece of shiet student house go for 600K+cad
Yeah its crazy, definitely a crazy experience the last 10mnths of trading has been. When I first started I only expected to maybe make a couple grand per year extra off my account.
Been trying to pay my luck forward as much as possible, not a SJW by any stretch but I've found myself tipping outrageous amounts due to the pandemic and a lot of service workers being out of work/hours cut back.
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03-03-2021, 06:09 AM #2969
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03-03-2021, 06:15 AM #2970
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