Official Spac Thread

**PlateauTooSoon** · 03-04-2021, 12:53 PM

If valuations keep falling, I gotta find a way to make more money asap to take advantage of it. On the bright side, SPACs should be able to negotiate better valuations right now with companies.

**Heaney** · 03-04-2021, 01:01 PM

Anyone have an extra 200 grand I can borrow to average down?

**Carbonfibre** · 03-04-2021, 01:05 PM

Originally Posted by Heaney

Anyone have an extra 200 grand I can borrow to average down?

Sir this is Wendy's.

On serious note is it that bad?

Just hold never sell.

**Heaney** · 03-04-2021, 01:24 PM

Originally Posted by Carbonfibre

Sir this is Wendy's.

On serious note is it that bad?

Just hold never sell.

Oh I'm for sure not selling, but yeah its bad. On Feb 22 my account hit 374Kcad, at close today I'm at 175Kcad. As bad as it is I'm actually still up in 2021 because of my CCIV gains.

**TugOfPeace** · 03-04-2021, 01:26 PM

Originally Posted by Heaney

Oh I'm for sure not selling, but yeah its bad. On Feb 22 my account hit 374Kcad, at close today I'm at 175Kcad. As bad as it is I'm actually still up in 2021 because of my CCIV gains.

holy fuk dude. holy fuuuuuuuk. hope you bounce back

**RobParks2M** · 03-04-2021, 01:31 PM

Originally Posted by TugOfPeace

holy fuk dude. holy fuuuuuuuk. hope you bounce back

I hate to potentially bring bad news, but what exactly do the SPACs have their money invested in again? They have treasury bills not bonds right???

**NoScrubz** · 03-04-2021, 02:08 PM

Added some more IPOF today lol. Chamath needs to hurry the **** up.

**TugOfPeace** · 03-04-2021, 02:15 PM

Originally Posted by RobParks2M

I hate to potentially bring bad news, but what exactly do the SPACs have their money invested in again? They have treasury bills not bonds right???

From Investopedia:

The money SPACs raise in an IPO is placed in an interest-bearing trust account.

**Heaney** · 03-04-2021, 02:21 PM

Originally Posted by NoScrubz

Added some more IPOF today lol. Chamath needs to hurry the **** up.

Honestly with the way the market is right now I'm cool with him holding off until this storm subsides.

**RobParks2M** · 03-04-2021, 02:25 PM

Originally Posted by TugOfPeace

From Investopedia:

The money SPACs raise in an IPO is placed in an interest-bearing trust account.

K good. For some reason I thought they had a mix of bonds for some reason. That would be tragic given everything going on lmao

**Harry362** · 03-04-2021, 02:44 PM

Went from 232k-166k in last 2 weeks. Still up 54k this year so....

Dumped my CCiV and DM

Holding Ipoe BFT Pltr Sftw SCVX affirm forgot what else don’t even want to login

Prob just keeping the Affrm BFT Ipoe Pltr and being all cash otherwise, taking out 20k to do a couple things

**matiemcgee123** · 03-04-2021, 02:59 PM

Got absolutely smoked this week boyos. -40%. I really believe we got away from NAV plays like in Summer of last year due to all the pressure from the influx of players from CIIC and CCIV.

**SavoyBrown** · 03-04-2021, 05:27 PM

Just getting wrecked lately, down almost 50k. The thought actually crossed my mind when I hit ath a couple weeks ago to go heavy cash gang, but I got greedy lol.. Been catching some falling knives lately, now I'm too scared to go all in with what I've got left, just sitting on my hands until this passes.

Same thing happened to me during last years crash, time to get more versed in playing the market downturns. Only thing keeping my hopes up is last year I bought DEAC and VTIQ before the crash and stared at red for a month before they mooned lol

**guideX** · 03-04-2021, 06:03 PM

Since we're all reporting in.

Went from AUD $310,000 at the height of CCIV to about AUD$190k. (usd143k)

Absolutely ruined boyos. I'm out of everything except MAACW and BWACw since both have sunk to the $1 mark. I'm still fearful they'll go lower but I'm trying not to trade too much while so emotional.

Oh and I'm red OVERALL now, forget about since the beginning of the year. What a cluster

Originally Posted by Harry362

Holding Ipoe BFT Pltr Sftw SCVX affirm forgot what else don’t even want to login
Prob just keeping the Affrm BFT Ipoe Pltr and being all cash otherwise, taking out 20k to do a couple things

Cannot believe what Affirm is trading at RN.

**Heaney** · 03-04-2021, 06:13 PM

Originally Posted by guideX

Since we're all reporting in.

Went from AUD $310,000 at the height of CCIV to about AUD$190k. (usd143k)

Absolutely ruined boyos. I'm out of everything except MAACW and BWACw since both have sunk to the $1 mark. I'm still fearful they'll go lower but I'm trying not to trade too much while so emotional.

Oh and I'm red OVERALL now, forget about since the beginning of the year. What a cluster

Cannot believe what Affirm is trading at RN.

Think I'm going to do what Chino mentioned and just not even really pay attention for a month or so, no point really since I'm not gonna sell and can't influence the markets.

**SazabiBrah** · 03-04-2021, 06:55 PM

Started at $100,000 beginning of year, went to $210,000 at the height of CCIV, now sitting at $150,000. Parked most of my cash on the sidelines along with SPACs near NAV and oil stocks. As long as I stay above $140,000 I consider it a win lol. Especially after seeing many people losing half or over half of their portfolio within a week or 2

**RobParks2M** · 03-04-2021, 07:09 PM

I think I’m going to try and catch some knives. Legit gonna put some silly bids for warrants and just see what ends up happening.

There’s going to be some awesome deals coming through. Ackman got something big cooking. Chamath got something solid for iPod and yuuuge deal for ipof.

Hoping for the best for crhc and etac. I’m pretty much at NAV minus about 60 cents of FTOC. can’t get any worse for main holdings.

Thinking setting crhcw bids for 0.9 and 0.75

Avan+ at 0.6

These markets are 100% irrational and people are market ordering their sales. If you simply have bids out there you can get some crazy deals if you are willing to just leave it out there.

**adamsz** · 03-04-2021, 07:23 PM

watched this video this morning and found it pretty informative

"On episode XIII of "In the Know" (Feb. 26, 2021), ARK CEO/CIO, Cathie Wood, talks about market worries, including impact of rising rates, Bitcoin, liquidity of the market, inflation vs. deflation, and the financial system. As always, she also weighs in on fiscal policy, monetary policy, market signals, economic indicators, and more."

Basically hypothesizes why we're seeing the market downturn that we are, how it's actually healthy for the overall market in the long-term, and how last time this happened (growth stocks being dumped and money flowing into value stocks in either 2014 or 18, can't remember which) it actually set growth stocks up to soar later on in that year.

Makes me feel better about holding all my positions. Fuk panic selling.

**BBAckman** · 03-04-2021, 07:55 PM

IPOE warrants look great at this price, sofi will do very well but saving my money for IPOF if it falls below 2.20 tmrw/monday, the possible reward is just too great.

If IPOF hits 2 I'll book absolutely mad losses in my CCIV warrants and go all in.

Dw Heaney, personally guaranteeing to set up a wall greater than china's and stop the bleeding at 2.

**SazabiBrah** · 03-04-2021, 08:09 PM

Originally Posted by BBAckman

IPOE warrants look great at this price, sofi will do very well but saving my money for IPOF if it falls below 2.20 tmrw/monday, the possible reward is just too great.

If IPOF hits 2 I'll book absolutely mad losses in my CCIV warrants and go all in.

Dw Heaney, personally guaranteeing to set up a wall greater than china's and stop the bleeding at 2.

Does IPOF have a target?

**adamsz** · 03-04-2021, 08:12 PM

Originally Posted by BBAckman

IPOE warrants look great at this price, sofi will do very well but saving my money for IPOF if it falls below 2.20 tmrw/monday, the possible reward is just too great.

If IPOF hits 2 I'll book absolutely mad losses in my CCIV warrants and go all in.

Dw Heaney, personally guaranteeing to set up a wall greater than china's and stop the bleeding at 2.

strong 2nd post to join date ratio

mirin lol

**NoScrubz** · 03-04-2021, 08:29 PM

Originally Posted by BBAckman

IPOE warrants look great at this price, sofi will do very well but saving my money for IPOF if it falls below 2.20 tmrw/monday, the possible reward is just too great.

If IPOF hits 2 I'll book absolutely mad losses in my CCIV warrants and go all in.

Dw Heaney, personally guaranteeing to set up a wall greater than china's and stop the bleeding at 2.

Bro when are you gonna announce PSTH??

**adamsz** · 03-05-2021, 07:23 AM

sold of half of my positions in SPACs with the least % losses (MAAC, SCPE, AVAN) to buy more warrants in those along with more CAAC ad IPOD/IPOF warrants

basically doubling down on my conviction that this will all come to pass

pray for me

**TugOfPeace** · 03-05-2021, 08:04 AM

I'm so upset. Even being careful I'm still losing fuking money after my account has bled out. Thinking to just liquidate anything above NAV and just quit for a few weeks. I can't stand this bullchit.

Down from $67k to $45k. Peanuts compared to many of you guys, but this chit is frustrating.

Is there any danger holding SPACs that have dropped below $10?

I am thinking long term.. in a month or two my account should bounce back +$8k just if my SPACs bounce back to $11 or so. So $53k at that point. And if my goal was $130k for the year.. not sure if I can reach that anymore. That's another $77k in gains. We bear market now?

**chino3** · 03-05-2021, 08:20 AM

Feels brah. What's crazy is that YTD I cleared $94k in options. If I close out all of my negative positions right now, I would erase all of that, and then some. Not even 3 months into the year and I feel like doubling down on $ROPE lol. I'm nearing -45% from ATH...

**ajctennis** · 03-05-2021, 08:25 AM

Nothing to do but just wait it out. Almost everything is getting crushed.

**adamsz** · 03-05-2021, 08:55 AM

Originally Posted by TugOfPeace

I'm so upset. Even being careful I'm still losing fuking money after my account has bled out. Thinking to just liquidate anything above NAV and just quit for a few weeks. I can't stand this bullchit.

Down from $67k to $45k. Peanuts compared to many of you guys, but this chit is frustrating.

Is there any danger holding SPACs that have dropped below $10?

I am thinking long term.. in a month or two my account should bounce back +$8k just if my SPACs bounce back to $11 or so. So $53k at that point. And if my goal was $130k for the year.. not sure if I can reach that anymore. That's another $77k in gains. We bear market now?

Best advice I can give is don't get emotional. Letting emotions lead your trading often ends up bad. The psychology of "I lost x amount and my goal was y amount, therefore now I have to make up that difference" is very dangerous and can lead to chasing short-sighted opportunities that can blow up in your face.

Also don't count your chickens before they hatch. You just gotta roll with the punches.

**Harry362** · 03-05-2021, 09:06 AM

I’m still up 55% for the year

Got cash too maybe 100 shares of Tdoc at 180 hold for life

**RoyalRyy** · 03-05-2021, 09:38 AM

RIP there goes my goal of hitting 100k in my first year. All I needed was a strong 3 more months and I would've made it lol..

**RobParks2M** · 03-05-2021, 10:30 AM

Cashed out the ftoc ccs for March and April 12.5s for like $15/each from $90 each. Gotta see some rebound eventually so went ahead and bought some April 12.5 calls for $25/each lmao. I think they should at least double as we bounce.

Gonna find more calls to buy for April. Only buying legit companies or big name preDA so let me know if any of your positions are well priced and I might hop in.

Thread: Official Spac Thread

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