Official Spac Thread

[mikusk]

No point in selling and taking a loss, unless you plan to go into warrants. The good news is that the price we bought for all of those was very cheap so I'm confident they will rebound. I converted all of my shares into warrants when the warrants had huge dips.

gotcha senpai

[Destor]

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.

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

[Heaney]

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

I dont think anyone investing in spacs are "value investors" though. I'm much more related to Cathy Woods' or Chamath's investing style than a 200yr old relic that would rather invest in banks than disruptive technology.

[TugOfPeace]

Man, nothing is moving in the SPAC world it seems.

[RobParks2M]

Man, nothing is moving in the SPAC world it seems.

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.

[Heaney]

Man, nothing is moving in the SPAC world it seems.

I'm seeing a ton of movement in my portfolio, the issue is its down.

[TugOfPeace]

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.

Yea.. it's just that my entire portfolio is red, lmao. I never thought I'd see the day where buying at less than $11 would come back to bite me, but these 50-80 cent moves downward have had quite an effect on my portfolio.

I'm seeing a ton of movement in my portfolio, the issue is its down.

Hopefully you mean your broker is down, but I have a feeling you mean downward price movement.. lmao. feels

[SazabiBrah]

Today is a great day to get into SRNG.U if you haven't already guys. Seems very stable around 10.90. It can pretty much only go up from here, even if it takes a month or 2 to do so

[Heaney]

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/

[SazabiBrah]

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.

das it mane.... I know nothing about online gambling though; is SportRadar better than DraftKings?

[Heaney]

das it mane.... I know nothing about online gambling though; is SportRadar better than DraftKings?

I don't know anything about it either tbh. From what I understand they're actually partners with draft kings though.

[SazabiBrah]

I don't know anything about it either tbh. From what I understand they're actually partners with draft kings though.

damn from what I'm reading on Reddit, it sounds like SRNG isn't the likely SPAC for SportRadar since it was just brought to market? Phuckkkk

[topperstyle]

Pls fill my cvii units order at 10.18

[Heaney]

damn from what I'm reading on Reddit, it sounds like SRNG isn't the likely SPAC for SportRadar since it was just brought to market? Phuckkkk

The fastest I've personally ever seen was STIC which announced bark box the day units split. So yeah this would be about 2 months sooner than that even (and would likely violate SEC rules regarding a SPAC ipo'ing with a target already in mind.)

[topperstyle]

Frx pls

[RobParks2M]

damn from what I'm reading on Reddit, it sounds like SRNG isn't the likely SPAC for SportRadar since it was just brought to market? Phuckkkk

I mean it would make sense cuz they did draft kings... but I’m not certain they could announce so quickly

[SazabiBrah]

The fastest I've personally ever seen was STIC which announced bark box the day units split. So yeah this would be about 2 months sooner than that even (and would likely violate SEC rules regarding a SPAC ipo'ing with a target already in mind.)

I mean it would make sense cuz they did draft kings... but I’m not certain they could announce so quickly

Yeah, right now now I have pretty much all my money divided among all the most realistic targets for SportRadar:


SRNG
RBAC
SEAH
AVAN


So hopefully it's one of them lol

[RobParks2M]

Yeah, right now now I have pretty much all my money divided among all the most realistic targets for SportRadar:


SRNG
RBAC
SEAH
AVAN


So hopefully it's one of them lol

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 nose

[Heaney]

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 nose

I saw you troll pumping ETAC on reddit yesterday and died lol'ing

[TugOfPeace]

I saw you troll pumping ETAC on reddit yesterday and died lol'ing

lmao. link/sauce?

[RobParks2M]

I saw you troll pumping ETAC on reddit yesterday and died lol'ing

Lmao I used to ask questions and read the DD. Now I just post jokes. Nothing else left to do. Averaged down etac and crhc. I’m all in now bb

[Heaney]

Bloomberg Terminal saying HZON for Sportradar

[RobParks2M]

Bloomberg Terminal saying HZON for Sportradar

Saw dat. Dam. Had them on my radar to buy too cuz they are almost NAV as well

[Heaney]

Saw dat. Dam. Had them on my radar to buy too cuz they are almost NAV as well

Wonder if they'll suffer the same fate that GHIV had when they bit off a bit more than they could chew with their 16B deal, 10-12B is pretty hefty for a 500M spac.

[RobParks2M]

Wonder if they'll suffer the same fate that GHIV had when they bit off a bit more than they could chew with their 16B deal, 10-12B is pretty hefty for a 500M spac.

Yeah I had really figured the SPAC was gonna have to have at least 700+ milli but whatevs. I’m just happy to finally see some big deals done

[Heaney]

Yeah I had really figured the SPAC was gonna have to have at least 700+ milli but whatevs. I’m just happy to finally see some big deals done

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.

[RobParks2M]

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.

If I manage a 6 figure gain I will otherwise I’ll just keep chuggin. Something 2022 would be fun

[TugOfPeace]

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.

What you getting brah?

I've been bummed the past week or so as well, feel like this is what the markets were like pre covid. No movement, and if there is any, it's like watching paint dry.

For the first time I'm a legitimate buy and hold trader. Just making a handful of trades all day trying to reduce my CB on a few positions.

Got a nice rolex for myself a few days before I lost the amount of money I spent on it in the markets. lool

[Heaney]

What you getting brah?

I've been bummed the past week or so as well, feel like this is what the markets were like pre covid. No movement, and if there is any, it's like watching paint dry.

For the first time I'm a legitimate buy and hold trader. Just making a handful of trades all day trying to reduce my CB on a few positions.

Got a nice rolex for myself a few days before I lost the amount of money I spent on it in the markets. lool

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).

[TugOfPeace]

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).

Sounds nice, I wanted a condo as well but the HOA fees killed it for me. Can never justify buying one solely for that reason. Pretty nuts that you made so much off one trade that you could buy a C63 and still have $ left over haha.