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So one of the newer SPACs I scouted was: Omega Alpha SPAC- Opened 1/7/21. Biotech field. Jefferies LLC and Morgan Stanley & Co. LLC are acting as joint book-running managers for the offering. Raised $120m in IPO. 120m seems kind of low. Should I be avoiding SPACs under a certain amount...

NAV = Net asset value (NAV) ? What's that mean for a SPAC?

Really no reason not to just go balls deep if you get in near 10. Got nothing to lose and everything to gain.

Yep, pretty much exactly what I read. That was one of the "disadvantages" I read about SPACs... The managers are going to make the merger happen even if it's a bad one. But that doesn't affect you if you jettison the SPAC prior to merge. Still trying to figure out the downside to SPACs...

So ideally, hope to buy a SPAC for 11 or under and sell for 14-16 within 6 months?

What's considered a homerun with a SPAC? Sell at $20? Double up?

Heard a rumor about a pairing with Archer Aviation. But it's just a rumor. Will probably hold off since I'm still very much learning and getting a feel for things. Going to stick to the under 13 SPACs while I get my feet wet.

You guys think it's too late to buy IPOF at around 16?

People definitely pumping. It's a war between the pumpers and the sellers.

You aren't still holding it are you?

Hearing a lot of twitter chatter on cannabis stocks. Which ones you guys snatching up for the big gains? SNDL has been popular, I know, but people saying lots of room for growth still. Any others?

yeah, my bad- misread your post

Shit man- you think it's going to get that high? I was going to be shocked if it broke .10

I mean I'm totally guessing here. The "group buy" thing today isn't scheduled until later today, so I'm kind of imagining it building momentum all day. Last time it bounced off .08, but this time it might not even get back there or it might blow past it. That's kind of why I'm fielding...

Ok crypto bros, here's the question. I'm seeing a pattern pretty much identical to the last time doge jumped up to ridiculous heights: steady increase, lots of twitter blue check chatter, Elon tweet, planned buy time tonight, etc. This is almost certainly a pump in dump (imo). Last time it...

Sad is the only word for it.

Doge may be a joke, but it's been a really, really good joke for me so far.

Worth a listen.

Don't use RH under any circumstances. Their UI is very slick and they make things super easy. But I can't describe to you how frustrating it is to be cockblocked by your own brokerage. Frankly, I don't even care if it was incompetence or collaboration with the hedge funds. There's no excuse...

Oops I mean 200,000, not 2,000,000. Added an extra 0.

I went ahead and bought 2000000 myself. What the hell.

Yeah I'll definitely echo that. Cruising the shitshows that are the other boards/discords over the past week has made me really appreciate this one.

Yeah, that's super helpful, thanks man. So if I'm reading that right, you want to get in near IPO when the price is still around $10. Then you hold for 4 to 6 months while momentum builds (Catalysts 1 and 2). Then when Catalyst 3 hits, you wait until it peaks and starts to drop, and sell as...

I meant where in the lifecycle as far as the chronological age of the SPAC. @Jackie Treehorn was seeming to indicate that he didn't like buying super new (in terms of age) SPACs because he had to hold onto them for so long.

That's a good point. I meant to ask about life cycle. How do you know when a SPAC is near NAV?

IPOF not too high at ~15?

Ok, so I've been studying the shit out of SPACs and following the advice on this board. I bought BTNB already but looking to invest in more SPACs. I'm trying to figure out how to research which are the best SPACs to buy. I've come up with several potentials- mostly based on the advice I've...

Uphold? I haven't even heard that one thrown around at all. They do percentage fees for buying and selling?

I still have a small amount of doge so I've been following it. It's had a remarkably stable floor of .03 (give or take) for days. I assumed it would crash.

Could be, yeah. Doge took longer and went higher though. It's red/black roulette either way as far as I'm concerned. But with a much higher potential payout.

Buy the dip bro! But seriously, I'm still trying to toss a couple hundred at it just in case it pulls a doge. Fidelity making it very difficult though. I've already made several attempts to buy but I keep getting stopped by various problems. I think now I need to find the "allow penny...

Two questions: 1. I'm assuming SPAC etfs (the one that currently exists and the new one due out soon) have been discussed on this board. Was there a consensus as to whether they are worthwhile? 2. How do guys think a sudden influx in SPAC interest would affect them?

I'd love to trade crypto, but after divesting from RH I've come to the conclusion that there's no worthwhile platform for US residents that: 1. Works when you need it to 2. Doesn't kill you with fees 3. Had all the coin types you want I'm hoping a platform steps up in the near future that...

Guess I'll have to keep checking. Looks like a strong option to me.

Funny you should post this. I've been trying to get the hang of SPAC research and I'm making a list of interesting finds. Found this and thought it was super interesting: Primavera Capital Acquisition Corporation Stock- SPACs hitting Asia? China SPAC. $414m IPO. Billionaire Dan Och invested...

Well... that explains it.

Who are the FoH day traders?

I've seen WoWS. I thought he got rich off penny stuff? Been a while though.

I probably will honestly. But instead of throwing $500 like I was I'm now only going to throw $100 lol.

Explain it to the new guy, Bunk. What's so bad about penny stocks?