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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?

That makes sense. You not big on the HCMC idea then Fogel?

@Araysar brought this up today. I tried to buy in but I guess my Fidelity account is too new. They gave me credit for my deposit until my money hits, but they don't like this particular stock or something. Wouldn't let me buy. Hopefully my money hits tonight and I can buy in tomorrow.

Still watching youtube vids nonstop on SPACs but I have a few questions: 1. It seems like most people indicate the risk of SPACs is either a poor acquisition or no acquisition at all. If I'm reading you guys right, most of you are getting out of SPACs pre-acquisition? You are basically just...

I bought it bc you guys recommended it! But seriously, I've been watching youtube vids about SPACs all day. One of the biggest disadvantages to SPACs seems to be that the recent influx of SPACs is making it harder for them to pair with good acquisitions. I.e. there are more SPACs than there...

Ok, first SPAC purchased. BTNB at 12.20

You guys recommend a buy in of BTNB at 12.18?

Took about 60 seconds for me to do it online from RH to Fidelity. 60 secs to initiate that is. Obv takes a week or so to actually happen.

yeah, i just direct xferred all my RH holdings to Fidelity. No need to liquidate.

If you are using "instant" funds- i.e. the money you transferred to RH hasn't hit yet but they are letting you use $1k on them- then they won't let you buy crypto with those funds. Once your actual money hits the account you should be able to.

What are you guys using to find good SPACs? Any particular resource?

So just from reading the last few pages: 1. SPACs are shell companies that exist to fund a merger or acquisition. 2. The have a floor of about 10$. 3. When the rumor that the SPAC has been attached to a good merger or acquisition hits, the SPAC can surge 20%+. 4. When it surges, you sell before...

Wait, so if you buy or sell coin worth more than $200, you pay no more than 2% either way?

Don't worry, even the investment newbs like me on this forum realize that these are extraordinary circumstances that won't last. We are trying to get what we can while we can. I intend to use the earnings from this to catapult my "normal" investment stuff after all the craziness ends. This is...

Great perspective to keep in mind. I'm not saying silver will be GME for the record. I don't think there is going to be another GME. But... Like you said, you don't need a stock to rise 1000% to make money. I'd be very happy with a 2x or 3x return over a couple days.

My take: If wallstreetbets is pushing silver and you get on board, you win. If Wall Street bros are pushing silver as a distraction/deflection and you get on board, you win. Tons of money to be made in a push war. Just don't be the first in or the last out, like Mr. Wolf of Wall Street said...

I've definitely allocated some play money to fuck around with this crazy situation. But I'd love to have some long-term info so I can reinvest the funds I get from the meme stuff.

:emoji_thinking:

I'm going to be buying SLV (stock), but serious question for those who buy physical silver. What's the idea behind having chunks of the actual element? Is the idea that if the economy collapses you'll have actual hard "currency" to barter with?

This is actually a great example of how disingenuous some market insiders are being about this whole thing. Galvin is so full of shit, and I think the other dude does a good job of pointing that out. Galvin- "Something must be done. People are making trades based on speculation..."...

This is why I'm still hanging onto a little doge. It's so speculative though. The one thing I'm sure of is that we will see a flood of new money in the market next week. The question is where? People who wanted to buy doge initiated transfers on Thursday of last week. Will those people...

SLV going to blow up Monday morning.

Yeah for sure. Both those things. Add in influence from Satoshi Street Bets too. I guess all I'm saying is that if you're looking for a "fundamental" reason silver would go up on Monday, I don't think you'll find one. It will go up due to hype and push- just like doge. But in my admittedly...

Who knows? There's a theory behind the valuation of silver and how manipulated it is that is the basis for why it can be driven up. But again, I don't think that matters. I didn't even pay attention to the explanation. If it only doubles in value due to a ton of interest that still seems...