SPAC & IPO Ideas

Khane said:

I'm goin down with this ship! Hold fast mateys!

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Jysin said:

XPOA at 9.95 currently. Free money?

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I added.

I bought back into TRIT at 6.50

Sanrith Descartes said:

I bought back into TRIT at 6.50

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Already made 4% return. Woohoo Stonks!!

Jysin said:

Seeing a lot of SPACs below nav. Newer one ENVIU hit 9.77 today.

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$9.50 "generally" is the absolute floor for SPACs. The expenses they can charge tend to hit right about 50 cents a share max.

Sanrith Descartes said:

$9.50 "generally" is the absolute floor for SPACs. The expenses they can charge tend to hit right about 50 cents a share max.

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And worst case scenario is you redeem them for $10 plus interest.

There was one SPAC last year that redeemed for $10.30 a share.

So that really is free money minus opportunity cost. Beats cash at any rate.

Jysin said:

XPOA at 9.95 currently. Free money?

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I reupped 50 shares at 10.08.

SAII up a full percent today. Even a dog has his day.

Fogel said:

I just sold a bunch of spacs that weren't really moving before this and probably weren't going to move much after this to free up some cash for the inevitable buy back in.

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I am considering the same right now. I am counter-weighing that the SPACs I am holding will get some sort of bounce as soon as they announce a target. So far I am maintaining my resolve and holding them. Except for one, all my SPACs are in the sub-$11 cost basis. The opportunity cost if I sell one and it moons could be significant.

On the other hand, I might trim some of the lest stellar ones to load more on the stellar ones (like the Peter Thiel ones or the Google team on XPOA).

Fogel said:

There were only 2 stocks left under 1$


We should do like a dogs of dow and buy each one

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Our very own FOH pump and dump?

This is what victory looks like on a day like today gentleman...

Jysin said:

Just got a friend to dip his toes in the SPAC waters. He has an XPOA basis price of 9.97. Lucky fucker.

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Took a nice bounce after the close. +2.2%