I guess CCIV lost stonks status.deal_with_singh wrote: ↑ Stonks only go up...but I guess SPACs only go down?
SPAC stocks - the new hot thing in the market
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- tebore
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- cooltoronto
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Blessing in disguise 🥸 “The investors can make money if the SPAC falls too low than NAV ($10) by getting cash at a discount. Ha hadeal_with_singh wrote: ↑ Stonks only go up...but I guess SPACs only go down?
- tebore
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I got numerous SPAC unit pre-split under $10 recently, but I am getting a bit anxious to see them continuing to dip even if it's just pennies at a time. Seeing post split commons go under $10 adds to that anxiety.cooltoronto wrote: ↑ Blessing in disguise 🥸 “The investors can make money if the SPAC falls too low than NAV ($10) by getting cash at a discount. Ha ha
Seeing that you can redeem for NAV value at dissolution should mean this is a safe move but the market is doing something nonsensical to me.
- cooltoronto
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Ackman's Pershing Square said it will not be able to announce a deal for SPAC Pershing Square Tontine Holdings, Ltd. (PSTH) this quartertebore wrote: ↑ I got numerous SPAC unit pre-split under $10 recently, but I am getting a bit anxious to see them continuing to dip even if it's just pennies at a time. Seeing post split commons go under $10 adds to that anxiety.
Seeing that you can redeem for NAV value at dissolution should mean this is a safe move but the market is doing something nonsensical to me.
- tebore
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I think a lot of SPACs have delayed announcements until later in the year.cooltoronto wrote: ↑ Ackman's Pershing Square said it will not be able to announce a deal for SPAC Pershing Square Tontine Holdings, Ltd. (PSTH) this quarter
I mean Chamath announced the IPOs of what? 8 SPACs last month? And now he's vanished off the face of the Earth leaving his previous SPACs to bleed and flap in the wind.
- testdnakr
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Chamath is a biggest scumbag around.
- deal_with_singh
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Which is fine, this was what was dragging down the stock price. Now that its out, not much more that can happen? Hoping to sell Tesla before the end of the week end deposit the proceeds to PSTH. At that point my PSTH holdings will make up half of my total portfolio possibly haha.cooltoronto wrote: ↑ Ackman's Pershing Square said it will not be able to announce a deal for SPAC Pershing Square Tontine Holdings, Ltd. (PSTH) this quarter
I'd rather he take his time to make a valuable deal than to rush into something for a pop and drop.
In the meantime keep selling weekly calls on any "pop"
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- faken
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Pershing looks so attractive.. but I think it will continue to go lower. I'm going to set a buy at 1/2 position for $20.
"An essential aspect of creativity is not being afraid to fail." -- Edward Land
- faken
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https://www.cnbc.com/2021/03/29/bill-fo ... esday.html
Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says
BFT is 35% of my TFSA account . Long term holding!!
Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says
BFT is 35% of my TFSA account . Long term holding!!
"An essential aspect of creativity is not being afraid to fail." -- Edward Land
- vivibaby
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I'm surprise it didn't go up last few day. Still cheap now. Ok to get in?faken wrote: ↑ https://www.cnbc.com/2021/03/29/bill-fo ... esday.html
Online payments company Paysafe going public in SPAC merger Tuesday, Bill Foley says
BFT is 35% of my TFSA account . Long term holding!!
- AlexPete [OP]
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You should say it did not tanked compared to 90% of spacs which went down by 20-50 %...lol
At current levels, pick any solid spacs that has revenues for past few years and you should be good
Bft, actc, apxt, iPoe, ftoc, cmlf, nga, ftcv, frx, stpk, iPoe, spfr..to name a few.
- PaddyM77101
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Sold AJAX for a 1% loss - I don’t like the look of that deal
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Nothing is as important as we think it is while we are thinking about it
- spike1128
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Still got time to get in then.cooltoronto wrote: ↑ Ackman's Pershing Square said it will not be able to announce a deal for SPAC Pershing Square Tontine Holdings, Ltd. (PSTH) this quarter
- JustMike
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QELL (finally) has a deal with Lilium.
- Sunway
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My first SPAC merge PSFE Live today
- vivibaby
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We probably need to forget what SPAC did earlier this year and have a phase 2 approach. I look at PSFE as a longer term investment and still got in @ $12.XX. All the price target back in February or earlier will not apply now. It may change again for the future SPAC but who know.
- vivibaby
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Sad. Did it drop 12.XX today on switch? I think I buy yesterday morning 15.6X something.
I think SPAC should price on what its worth anyway. Like we learn from QS not to overvalue but no reason why THCB drop 50% back to original level.
Speaking of THCB, anyone recieve corporate action message? I thought vote is done in mail but this case need to call TD.
- AcidBomber
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vivibaby wrote: ↑ Sad. Did it drop 12.XX today on switch? I think I buy yesterday morning 15.6X something.
I think SPAC should price on what its worth anyway. Like we learn from QS not to overvalue but no reason why THCB drop 50% back to original level.
Speaking of THCB, anyone recieve corporate action message? I thought vote is done in mail but this case need to call TD.
Came across this earlier. Very normal price action for BFT (PSFE). Hang in there vivibaby! You should consider averaging down on THCB if it drops lower since It will bounce back before merger. Look at SBE/CHPT and how it went up bigly today.
- drwxr010
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BFT - PAYSAFE down 10% after merger
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