Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
Could giant SPACs be next?
41–50 of 70 posts
Re: Could giant SPACs be next?
#42If you do not want to hold your money in the bank. Nor do you want to invest your money in artificially inflated stock. Coming out of the pandemic we are going to see a monumental shift in lifestyle and economics. It is that crisis that replaces old guards with new champions. SPACs had a bad reputation, but in the current circumstances seem pretty reasonable. I guess in terms of risk-benefits it is an intermediate be…
How does a SPAC possibly help with that? One of the more notable SPACs was Nikola, which had effectively no revenue, and was very unstable.
https://www.google.com/finance/quote/NKLA:NASDAQ?sa=X&ved=2a...
Re: Could giant SPACs be next?
#43Earlier quoted context omitted.
Interesting -- as a UK native, I don't recognise that. Maybe it's limited to certain regions/subcultures/???
The word was definitely used (and was understood to be offensive) when I was growing up - in Worcestershire in the 90s. I wonder if it's fallen out of use since then.
Re: Could giant SPACs be next?
#44Earlier quoted context omitted.
Unfortunately, in the UK this is a deeply hateful term for disabled people. Actual hate speech if you couple it with violence etc. What's the old saying? Two cultures divided by a common language..
Interesting -- as a UK native, I don't recognise that. Maybe it's limited to certain regions/subcultures/???
Re: Could giant SPACs be next?
#45Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
I think this is a rather oversimplified view of SPACs. Matt Levine recently wrote a nice piece about the magic of SPACs. Here is a paper he cites: https://corpgov.law.harvard.edu/2020/11/19/a-sober-look-at-s...
Re: Could giant SPACs be next?
#46What's the difference between a SPAC and what used to be called a "reverse merger"? I.e., when a smaller (but publicly traded) company, merges with a larger private company. These used to be pretty common scammy ways to generate capital, usually through pump and dumps. Same thing, just new acronym?
Re: Could giant SPACs be next?
#47Earlier quoted context omitted.
I think this is a rather oversimplified view of SPACs. Matt Levine recently wrote a nice piece about the magic of SPACs. Here is a paper he cites: https://corpgov.law.harvard.edu/2020/11/19/a-sober-look-at-s...
Any talk of magic when it comes to money reminds me of the vague, hand-wavy claims of people peddling pyramid schemes.
Re: Could giant SPACs be next?
#48Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
Re: Could giant SPACs be next?
#49If you do not want to hold your money in the bank. Nor do you want to invest your money in artificially inflated stock. Coming out of the pandemic we are going to see a monumental shift in lifestyle and economics. It is that crisis that replaces old guards with new champions. SPACs had a bad reputation, but in the current circumstances seem pretty reasonable. I guess in terms of risk-benefits it is an intermediate be…
“Nor do you want to invest your money in artificially inflated stock.” How does a SPAC possibly help with that? One of the more notable SPACs was Nikola, which had effectively no revenue, and was very unstable. https://www.google.com/finance/quote/NKLA:NASDAQ?sa=X&ved=2a...
Re: Could giant SPACs be next?
#50Been trading SPAC's recently. Seeing a huge influx of SPACs in renewable energy. Jump in at the beginning and the most you can lost is 10$ if the SPAC fails. When it receives a letter of intent(LOI) you'll see a big boost to the stock price. When the definitive agreement (DA) is announce there is another 20% jump. After the merge and symbol change, the price drops and then slowly comes up. With so many coming out, ju…
How do you get into trading SPACs? Where do you trade them and where do your tips come from?