Jumped from 9.78 to 10.08 on the news. Woohoo.A merger deal with a special-purpose acquisition company values Acorns Grow, a digital savings and investing app, at about $2.2 billion.www.wsj.com
All these financial "journalists" cant grasp PSTH NAV is $20, not $10
I am close enough to NAV on the SPACs I am holding that if they flat after the DA then I'm only our opportunity cost. Even BTWN I got down to $11 so I can suck it up if it sucks.Spacs are still dead, I saw a statistic the other day that over 90%+ are now under NAV
You might want to look outside SPACs for places to put money. ABT lowered guidance on slowdowns in Coronachan testing and the stock dropped. Look for quality companies on sale. In the long run you will be happier than chasing SPACs. If you must go SPAC then pick something sub-NAV and roll the dice.And even then it wouldn't be "1.5x", it'd be 2.5x. Financial journalists are as bad as the rest of the "news".
Well, I got rid of my XPOA, quite the flatline after that announcement and it never recovered. Lost a very small amount since I'd already moved most of my XPOA elsewhere. I've got about $980 of XPOA money to move around, any suggestions? I've got PSTH and BTNB, could either...
-Bring down my BTNB buy-in average a little bit
-Add to PSTH in hopes of there being big news there soon
-Get some BTWN
-Get some GSAH
-Get something else