Official Spac Thread

[topperstyle]

lol why did I not sell FRX when it was close to $17

My cost basis is only 12.70

[Heaney]

Maybe Citadel is shorting SPAC's

Somoene needs to look into it.


Seems like easy play since SPAC are coming out left and right.


Already gonna pass 2020 this month.

Thats just crazy.

Can only speak to IPOF but only 1% of its float is short so I think its retail chasing every pump and dump honest

[Heaney]

lol why did I not sell FRX when it was close to $17

Wish I could take a time machine back to last Monday lol.

[adamsz]

Down about 19k on spacs since putting in about 140k over the last few weeks. Big oof. That timing.

Not sellin chit tho. From the previous corrections I always remember them eventually bouncing back and feeling bad that I had cut losses when if I had just held out I would eventually gotten into the green. Let’s hope that history repeats.

[Carbonfibre]

Can only speak to IPOF but only 1% of its float is short so I think its retail chasing every pump and dump honest

Than I blame it on CCIV.

Everyone chasing the next CCIV I guess.

[Heaney]

Than I blame it on CCIV.

Everyone chasing the next CCIV I guess.

Chasing the next cciv/gme/rkt yesterday etc. See alot online people literally expecting 100%+/day or they start throwing temper tantrums.

[Heaney]

Down about 19k on spacs since putting in about 140k over the last few weeks. Big oof. That timing.

Not sellin chit tho. From the previous corrections I always remember them eventually bouncing back and feeling bad that I had cut losses when if I had just held out I would eventually gotten into the green. Let’s hope that history repeats.

I'm getting close to good loss porn screenshot territory tbh.

[adamsz]

I'm getting close to good loss porn screenshot territory tbh.

Like I said you’ve got some big fukin balls.

Glad The majority of my loot is in commons and not warrants since they’re not as volatile. All my warrant positions are much more down.

[Heaney]

Like I said you’ve got some big fukin balls.

Glad The majority of my loot is in commons and not warrants since they’re not as volatile. All my warrant positions are much more down.

I'm still up 700% on my 12 month so I offer myself that perspective as I glare into the red abyss that is my acct

[PlateauTooSoon]

Only sold off my IPOE position today at a loss as that still has a lot of downside potential compared to my other holdings. Now just gotta hang on tight and ride it out. Crypto holding green today is a nice thing at least

[TugOfPeace]

Only sold off my IPOE position today at a loss as that still has a lot of downside potential compared to my other holdings. Now just gotta hang on tight and ride it out. Crypto holding green today is a nice thing at least

Yea, my only "risky" positions now are BFT and PLTR. Sold off my IPOF, that chit hit $11.xx today.

[RoyalRyy]

Oh baby... I'm getting fuked with a nice red dildo. Guess it's not smart to have most of my plays in tech lol. Almost all of them will rebound so I don't actually care but it makes days much more boring when all you see is red red red.

[topperstyle]

Yea, my only "risky" positions now are BFT and PLTR. Sold off my IPOF, that chit hit $11.xx today.

Ipof looks way oversold and seems to be hitting the same support from December, no?

I’m looking at chart on mobile so any input would be helpful.

[TugOfPeace]

Ipof looks way oversold and seems to be hitting the same support from December, no?

I’m looking at chart on mobile so any input would be helpful.

Yea, the way I see it if it dropped from $16 to $12, there's no reason it can't drop down to $10 at this point.

[ajctennis]

Wow, a massacre. My timing of the bottom was so off. Definitely switched from commons to warrants way too soon.

This is not retails doing or cciv imo. Cciv didn’t help but it’s definitely big money leaving and retail panicking. It’s total capitulation at this point. It makes no sense for me to sell at these levels. Just going to hold long.

Do wish I had cash atm.

This is the state of my portfolio -

https://m.youtube.com/watch?v=bq54jb_5WCI

[Destor]

Is it the bond market / interest rate concern driving these down? I recall reading previously that a low rate environment is part of what really enables SPACs but not sure how valid that is

[chino3]

Is it the bond market / interest rate concern driving these down? I recall reading previously that a low rate environment is part of what really enables SPACs but not sure how valid that is

more than likely. Rising interest rates are bad for growth stocks, that's why tech is getting gaped. I don't even know what value/non-tech stuff I really want to add. I'll be getting assigned LULU (sold out at $340 during the GME debacle, knew it was gonna fukk the market), and all of the ARK etfs and that's a goof kinda... maybe DPZ, CVS, and T. I dunno. Might just ignore stocks for the next few weeks.

[mikusk]

damn a lot of stuff near NAV or straight at NAV, seems like that is a nobrainer to go balls deep

[topperstyle]

Help

Added 1k more units of cv.ii

[adamsz]

absolute bloodbath, jesus christ. Commons under 10 and warrants under 1. Wish I had more money to average down, feelsbadman.

[Heaney]

When I said condo I clearly meant cardboard box.

[SazabiBrah]

Guys what SPACs should I go balls deep in now? IPOE and what else?

[TugOfPeace]

If SPACs bounce back.. and I make up my losses on BFT/PLTR.. I won't be in such bad shape. Is it a dumb statement to think they may never recover above NAV unless a deal is announced?

[SazabiBrah]

I know this is a SPAC thread but brahs, I highly recommend getting some oil stocks. Oil just went to $64 per gallon

[Heaney]

If SPACs bounce back.. and I make up my losses on BFT/PLTR.. I won't be in such bad shape. Is it a dumb statement to think they may never recover above NAV unless a deal is announced?

I don't think its a dumb statement but I think its an over reaction. Judging off daily volumes these are just all low volume retail selloffs, likely caused by people getting their margins called. If we were seeing limit downs I'd be a little more worried than just daily trickling.

[topperstyle]

When I said condo I clearly meant cardboard box.

Lmao I got a spare room for you bud

[chino3]

jesus... I'm back to December levels... This is really really bad. I am so tempted to close chit out, even at losses, but that can't be the right thing to do. Things will recover, but when? Really wish I had a fast forward button. March was god awful last year for stocks and the world, and this March isn't looking too much better. I don't feel confident in any move I can think of, so just feel like logging off TDA for a month.

[TugOfPeace]

^^ I thought of going cash gang but JFL at my positions, there would be no point, as these are current prices. Literally everything is at or below $10 floor, there is nowhere to go but up.

ALTU - $10.60
AVAN - $10.00
BWAC - $9.95
CCAC - $10.00
CRHC - $9.98
ETAC - $9.89
IPOF - $11.04
SCPE - $10.01
SCVX - $9.94
SRNGU - $10.25
SWBK - $10.13

I could sell it all and try to get into oil.. but who knows where we're really headed. The way I see it though, I'm back to February 1st levels.. we still have 10 months in the year to make gains. I could make this back no problem by then.


Edit: I'm starting to consider making the above long term holds and just going back to swing trading like I used to do when starting out. Attempting to make $400-500 a day isn't bad

[RobParks2M]

Hmmm well I guess ftoc decided to go ahead and head back to NAV. That’s so insane. Glad I at least covered myself with calls. I’m down about 8% which kinda sucks.

I sold some shares of Kroger I had bought before earnings and now have about $7k. Any warrants near $1 that might be worth a YOLO?!

[Cudabrah]

Bought more AJAX at a discount today. Hopefully didn't goof.