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Literally everyone I've explained SPACs to in real life have said this. Seriously, every single one of them. About five people now. There really isn't a downside.

They happen right after I hold a SPAC for 3 months at $10 and get bored of it and sell it.

Troof. If I buy a SPAC at 10-11 and sell at 13-14 I'm generally outta there unless I just see it going up very steadily.

Way above my risk tolerance.

https://www.google.com/amp/s/finance.yahoo.com/amphtml/news/united-wholesale-mortgage-sees-profit-222400367.html

It’s only a matter of time before they fuck them up somehow. I’m not smart enough to spell out how.

Hey cool. Maybe they’ll read them for UWMC in the coming week ahead of my 2/19 calls.

Average down! 🤪

It’s absolutely become cult-esque amongst millions of people new to trading who hopped on the social media hype. Reading the comments on various sites, it’s clear a plurality of people still holding aren’t well educated in personal finance, let alone the stock market, and frankly, many don’t...

Lol @ UWMC. Record earnings and that stinker drops like a rock. It doesn’t even make sense.

Predicted this on Sunday.

Never buy PMs to flip. They’re long term investments. PMs move in slow somewhat unpredictable cycles. Only buy as a fraction of your overall portfolio. Silver has a good prognosis for the next 20 years due to ever increasing industrial demand. Gold I wouldn’t touch with a ten foot pole. I...

I would not buy into that at this price.

I’m not so sure I’d chase it to $20 based on premarket. Will be interesting to see what it does.

There’s apparently some kind of revolt happening in WSB. Moderators being removed and replaced, top level moderators who haven’t been active in years are coming back out of nowhere to capitalize on media hype and trying to get deals with the press and Hollywood. At least that’s what keeps...

My new game, making ridiculous statements on Stocktwits. They always get comments and likes.

GHIV was one of the most hyped SPACS and it was a major turd. It just never really took off. Touched $14 briefly as I recall. It was kind of a rare case that it didn’t move much.

What a stinkbug that was. Yes, it was GHIV. I sold for a mild profit at like $12.50 before it pre-merger crashed. I currently have about $1500 in calls that were up to $2100 today and should be even higher tomorrow. If the price doesn't move up well tomorrow I'm just gonna sell these 12/19...

It's company specific from my understanding. Is your 401k your own like from your own business, or from a company? I read some companies simply limit what you can do with them.

Darn. I just finally got trading up on Brokeragelink, but it looks like even when self-directed I'm limited. Tried to buy into some SPACs and other things but got a message stating "that type of security is restricted in this account." So much for self directed eh. I'm guessing only things...

Like Fogel said, these get posted all the time. Never really seems to amount to much.

SEC warning on investing in meme stocks. This apparently came out days ago but I’m seeing people post it now. 😜 https://www.sec.gov/oiea/investor-alerts-and-bulletins/risks-short-term-trading-based-social-media-investor-alert

UWMC record earnings out. Stock getting a nice bump but nothing spectacular in AH. Will be interesting to see what it does tomorrow and in European markets tonight...

100 percentile.

For SPACs that is to say $10 a share. The higher you get away from $10 for a buy in, the higher your shares can fall back to $10. Read a combination of Reddit SPACs along with Twitter to see what is both near to $10 a share and which a lot of people are talking about.

I can tell you the issue with some of these is, they’re so new your money is just gonna sit there for a long while. My strategy is to find near NAV SPACs (ie around $10-12) which are getting a lot of hype. Now maybe these are, I haven’t read about them, but in my experience this is the way to...

This guy is giving investment advice, let’s all buy this stock and sue him if it doesn’t pan out, it’s like a built in hedge.

Damnit. I talked to Fidelity yesterday about BrokerageLink being locked and they said I just have to wait a cycle or two to be able to buy. Of course the SPACs I was attempting to buy in my 401k yesterday morning are now up bigly. BTNB up to $13 and I was going to buy $20k @ 12.25

UWMC has broached $11 ahead of earnings today.

How to make $2500 a month with this one simple rent hack.

$32,000 last year for me, so join the club! Not that I would do that.

People buying CCIV that far off NAV are cray cray. Any rumor at all might tank it. My coworker yesterday told me he was buying it at peak and I asked him if he knew how SPACs worked and he said not really.

I find the daily stories about physical silver (and gold) shortages at the retail level fascinating. https://www.reuters.com/article/us-usa-precious-coins-demand/gold-silver-coin-demand-surging-straining-us-mints-capacity-idUSKBN2A22Y6

https://www.reddit.com/r/gme_meltdown/

Your 5000 shares of GE is gonna take off any day now buddy.

Honestly, at this price and all the tards still into it there’s a chance it shoots back up to $8-10 tomorrow before it craters again, but not something I’d buy into.

UWMC ends AH at 10.90 ahead of earnings tomorrow. This thing might finally do something. My 2/19 $12.5 calls are looking better.

This is the best one yet. YOLO high interest loans that will get you a job that makes hundreds of thousands anyway.

But then they'd have Dustin Diamond hands.