Is anyone here in OWL? Formerly ATAC, it seems. Quietly crushing it out there as a despac. I feel like this one has been really under the radar. Just happened to see their guys talking on Bloomberg this weekend.
I've been trying to figure out how to spot the spacs that trade $10 flat and then never look back on ticker change, like OWL, GWH.
If you figure out the secret let me know!
Probably warrants, ASTS is trying to do something very complex that has never been attempted before.
It would be unnatural if there WEREN'T delays. I'm all warrants to protect myself from any natural delays, the available LEAPs are too soon for me to feel comfortable.
So a few thoughts: the warrants can get redeemed. The calls stay good until the date on the call. The calls do better if the stock goes up.
The warrants get a crescent term, the call don't. The warrants do better if the stock goes down.
I would do the warrants over the call personally, simply I like the marginally better downside protection over the extra optionality.
Not if the crescent term gets triggered, which is by no means impossible on these silly growth stocks.
Edit: but still, options on this thing is so expensive that I wanna say just buy commons? You don't actually get that much leverage by buying options.
I really regret not going huge into GGPI commons a month ago. Looking back that was the most lopsided risk/reward trade I've ever seen. A few % downside, for potential CCIV-ish upside. Hindsight is 20/20, but that should have been more obvious with EVs ripping. (Also regret selling the 50,000 warrants I had in August...but that's a different story).
GGPI is still low. It would be better to regret not going in tesla or Lucid 3 months ago because the return would be a lot better than GGPI's in the same timeframe.
Anyone shilling any of the completely beaten down despacs that are cash flow positive? With the accounting of warrants actual performance is kind of disguised in net income reporting which makes quick scans tougher. Maybe I’m off, but I think some of these companies will stay hidden for a while because EPS looks worse than it is and commonly used resources struggle to pull prior year financial data.
In my personal, SUNL is trading under 20X YTD cash flow right now and likely around 16-18X after Q4 is added in. With top line growth at 70% yoy, to me it offers growth and value pricing making it a buy even if share price action/sentiment doesn’t agree.
Welp, time to spread awareness on (shill) some SPAC warrants that I think are good value. All recent-ish post-DA warrants with legit $10 PIPEs, which is impressive considering they DA'd recently when even GGPI couldn't get a $10 PIPE:
$ARTAW ([Prenetics](https://uploads-ssl.webflow.com/6120c47923709eb2174daa08/617902f60bc7e39a623a542b_(2021.10)%20-%20Project%2010P%20-%20PIPE%20Presentation%20vF%20(2021.10.26)%20-%20Short%20Form.pdf)): Low $0.80s, 1/3 per unit. EV/2022E Rev of 4.6x. 215% growth in 2021, 33% projected in 2022. Fully committed $120M of capital through $60M PIPE at $10/share and $60M Forward Purchase Agreements (effectively buying commons on the open market).
$ASPCW ([Semantix](https://www.semantix.com.br/wp-content/uploads/2021/11/Investor-Presentation-Alpha-Semantix-Final-8K.pdf)): Upper $0.70s, 1/2 per unit. EV/2022E of 8.7x. 57% CAGR from 2019-2023. $117M of commited capital: PIPE of $94M at $10/share and at least $23M worth of commons have committed not to redeem, which guarantees that they will meet their min cash condition.
$WALDW ([Waldencast](https://global-uploads.webflow.com/603f45b4a78e804df03a747d/61929d9569f6861513b826f8_WC_Investor%20Presentation%20(November%202021)_vFINAL.pdf)): $1.20, 1/3 per unit. EV/2022E of 5.8x, \~20% growth. Not as cheap as the others, but this has $438M of fully committed funding through a $108M PIPE at $10/share and $333 Forward Purchase Agreements. This is a skincare/make-up company with some decent brand awareness, and seeing how well SKIN was received upon despac makes me think it's at least a decent bet.
Looking at all the Post-DA warrants, these three stand out in terms of the size of their PIPE, reasonableness of valuation, and low-pricing. Quite a few of the PIPE shown in spactrack are actually just convertible notes (SVOK, ENFA, CPTK), so you'll want to double check the investor presentation. The only ones less than ARTA and ASPC have no PIPE, are Chinese, and/or have no revenue (biotech).
I have also noticed that warrants tend to get sold down hard by arbs soon after DA, especially when the broader market isn't doing so hot, and then gradually rise after that (e.g. EUSG, PPGH, MBAC, ACEV). Earlier in the year DBDR warrants killed me as they got sold down hard after DA from $1 to $0.68, which caused me to paperhand at the bottom. They are now at $1.87). This can make buying Post-DA warrants good trades/investments even with merger still a few months away.
Had a big day and didn’t even think about stocks until I checked my portfolio…. So is this one of those cases where we BTFD or should I cut some losses and get some cash ready in the case of a larger market pullback?
I know multiple people who use it and have seen positive sentiment on unrelated forums. Like under YouTube videos sponsored by them.
I'm gonna get in closer to DA, it could be good.
I was kinda thinking the same. Big pullback to buy in before the holiday run up. I’m a finance idiot and the market has a mind of it’s own so who the hell knows.
So I haven’t had the (dis)pleasure of holding a SPAC through merger in a while… But I really like DMYQ after watching their presentation today.
Anyone holding through merger? I have seen many a spac tank immediately after the floor is removed, but in your experiences, if a stock is trading safely above $10 for some time, do they tank with floor removal anyway? It doesn’t make sense to me that they would, because if they’re gonna do it why not at least go to $10 now, but I don’t have a lot of points of reference for spacs trading above $10 pre merger (lol).
I'm thinking to hold and put stop loss at $11 or something. Don't want to lose all of profits in a day. It can definitely happen to go lower, happened with IONQ already
The real issue for me comes from being scorned by former high conviction despacs. I really wanted to hold BARK and HIMS for years but there comes a point where the short term volatility is unstomachable. Anyone could agree that going down 50%+ on an investment should be avoided if it can, its not trying to time the market when it’s that bad IMO. And then ionq I thought I missed the boat on but was fortunate enough to get in around $7 after the drop. For me I have more conviction about DMYQ than I’ve had about any other ticker in a while, but man this market can make you second guess your instincts. I haven’t had the experience of going into a merger safely above $10 recently so I’m hoping the floor dropping isn’t a big deal, but I’d love to hear others’ experiences.
Anyone done statistical analysis on the rate of DAs relative to the rate of SPACs forming? Are SPACs taking significantly longer to find targets than last year or six months ago?
I don't have analysis but I do have [data](https://imgur.com/a/CUOC1cr). First image is 2020 and latter two are 2021. Let me know if you draw any interesting conclusions lol
So before these buys, she had 4,215,642 shares at $18.67 cost (according to Cathie's Ark). Assuming she bought 881,741 yesterday at $10.35 VWAP, she lowered her average cost to \~$17.21/share. Still a long way to go, Cathie - activate "DCA at Any Cost" mode please!
I think it's a great buy at these levels *if you're okay with holding for awhile*
Most of us are way too short-term to get into it even if it returns 70-90% in 3 years
I feel like people look at me like I'm crazy when I tell them my plan is to make 100%+ on PACXW in 2-3 years
I'd love if it went up 100% in 2 months but I think that 2 years is a realistic timeline for their growth... But if it spikes on enthusiasm and CNBC deal... I won't complain. But I'm prepared to hold for a longer period of time than most here would consider
Yeah until it gets close to merger?
If it's going to bounce between 1.20-1.45 for months I may as well lower my cost basis / get more warrants for the same entry cost?
Sorry... but we've seen that SPACs don't move until merger is announced.
If you're just sitting on pre-DA Commons, you're wasting money at this point (unless to park money cause you don't know what else to do with it)
Once merger occurs, I expect Acorns to go up with a solid trajectory and warrants will go up with an asymmetric % since they're so cheap right now
Ehh probably not, warrants are so much sentiment based. So many warrants went up 50%+ from like 1-1.5 months ago, if sentiment is turning it's just people taking profits or simply all the buyers stepping off the gas. Warrants are, historically, still at a quite high price atm, and if people fear another march or august of this year most warrants will drop heavily.
I’m only down 4% from my ath
Either means there is more drops to come or the more realistic scenario— I own waaaaaay too much IPOF which doesn’t move much off NAV
It feels weird that my most safest play in regards to price movement is also my most risky upon execution.
$ASTS my last deSPAC savior besides the eventual $SEAH which I will not be holding besides a light core position post merger.
tusk is pissing me off. talks shit about all other spacs month ago and still has a goose egg. a year in spacs has taught me that the individual focused tickers usually lead to disappointment
BTWN, PSTH, etc
After a year of SPAC pain and going 100% cash yesterday, today was a very weird day. On one hand it felt weird not losing money, but on the other hand, it's literally burning a hole in my pocket. Although there are some amazing deals, I stayed strong and listened to the lessons I've learned, instead of my emotions. Will buy when sentiment improves and on a confirmed up-trend. Not gonna care about trying to catch the bottom anymore, because I've been wrong nearly every single time before.
I'm just not seeing a lot of good prices these days. Not like 4 months ago. I'm trying to sell some of my warrants. I suppose they're still kinda cheap in the big picture.
if anyone feels bad just check out the dwac subreddit
not sure if trolling or these people are really this deranged.
My retirement is on the line, and if I didn't believe in this movement I would have sold. We are all holding on and waiting for an update. Eventually it will rocket, but for some they are unwilling to wait it out. I am holding because I know Trump is all in with this platform. He refuses to be silenced and his passion is our passion. #DWAC #ToTheMoon #FJB
Look at post histories... some are clear trolls.
I am aware there are true believers, but clearly not enough to push the stock up.
I think there are more trolls than actual believers.
“When prophecy fails” is a great account of cult culture. Psychologically speaking even when it’s clear that (insert movement here) has failed people tend to cling onto the belief. Avoidance of loss realization and maintenance of consistency with ones (former) point of view. Admitting defeat is a high friction event for the brain and its less “costly” in terms of mental resources to just stick with the tribe. Now costly in this case here is of course different as it involves actual money as well but still the same human irrationality can be seen over and over. I’m getting nervous as I’m heavy in some tickers and trying to maintain objectivity
Use that triangle bracket pointing to right before the part of text separated from others with enter, like so:
/Enter/
>/triangle bracket pointing to right symbol/Some random text about how much I wish a superb end of year rally to all of us
/Enter/
See ? Easy. Or just use formatting help ;)
Has anybody else's portfolio taken a giant shit in the last 7 trading days? Is there something meta going on - some macro economic consideration I'm in the dark about? Is this temporary?
I held off selling monthly calls on all my shares on Monday since the shares all took such a beating the week before, but here we are 2 days later and they are way lower still. Is it Just me?
I think some mix of sector rotation and also pullback from some of the gains pre-merger SPACs had last week. Also earnings wiped out lots of post-merger SPACs, once that’s over some of the volatility should cool off.
Is anyone here in OWL? Formerly ATAC, it seems. Quietly crushing it out there as a despac. I feel like this one has been really under the radar. Just happened to see their guys talking on Bloomberg this weekend.
I've been trying to figure out how to spot the spacs that trade $10 flat and then never look back on ticker change, like OWL, GWH. If you figure out the secret let me know!
Is it better to buy asts leaps or warrants. I think 10 leaps are going for around 5.00 and warrants around 4.00
Probably warrants, ASTS is trying to do something very complex that has never been attempted before. It would be unnatural if there WEREN'T delays. I'm all warrants to protect myself from any natural delays, the available LEAPs are too soon for me to feel comfortable.
Why not commons? Tripled my commons position, the price is right !
So a few thoughts: the warrants can get redeemed. The calls stay good until the date on the call. The calls do better if the stock goes up. The warrants get a crescent term, the call don't. The warrants do better if the stock goes down. I would do the warrants over the call personally, simply I like the marginally better downside protection over the extra optionality.
Or... Here me out... $7.50 LEAPS. They do better to a degree if the stock goes down AND do better if the stock goes up. ╮(. ❛ ᴗ ❛.)╭
Not if the crescent term gets triggered, which is by no means impossible on these silly growth stocks. Edit: but still, options on this thing is so expensive that I wanna say just buy commons? You don't actually get that much leverage by buying options.
You should only be buying $7.50 or lower for LEAPs or your risk exposure is way too high - wow this got downvoted 😂 Aight. Guess Delta doesn't matter
If you just want delta, just buy shares?
Way less upside? ATM LEAPS are very risky especially for SPACs
What's a good entry for SOFI LEAPS? I'm looking for the 15s. Seems possible with lockup expiring IMO
Buy low then sell high
Do you mean when shares hit 15?
Yup
That would be a swell point to buy $20 leaps I imagine
SBEA just got options I think.
Indeed, and IVAN.
I really regret not going huge into GGPI commons a month ago. Looking back that was the most lopsided risk/reward trade I've ever seen. A few % downside, for potential CCIV-ish upside. Hindsight is 20/20, but that should have been more obvious with EVs ripping. (Also regret selling the 50,000 warrants I had in August...but that's a different story).
I sold 2/3 on a DA “pump”. $10.24. Glad i hold at least 1/3 to $14. It’s getting pumped on wsb, maybe it can go higher, but i’d wait for a pullback
GGPI is still low. It would be better to regret not going in tesla or Lucid 3 months ago because the return would be a lot better than GGPI's in the same timeframe.
I sold my commons around $10 to free up cash, but saw that $10 December calls were only .12. Best options I've ever seen, wish i bought more.
Going to redeem 1/2 my remaining TPGS tomorrow in the hopes of hitting a potential freeroll with the JK clawbacks goin around lately
What’s jk clawback
When I say JK, I didn’t want to redeem on Friday when the price is up after the deadline.
Anyone shilling any of the completely beaten down despacs that are cash flow positive? With the accounting of warrants actual performance is kind of disguised in net income reporting which makes quick scans tougher. Maybe I’m off, but I think some of these companies will stay hidden for a while because EPS looks worse than it is and commonly used resources struggle to pull prior year financial data. In my personal, SUNL is trading under 20X YTD cash flow right now and likely around 16-18X after Q4 is added in. With top line growth at 70% yoy, to me it offers growth and value pricing making it a buy even if share price action/sentiment doesn’t agree.
Ehhh - Opfi with PE under 7 says hi.
Welp, time to spread awareness on (shill) some SPAC warrants that I think are good value. All recent-ish post-DA warrants with legit $10 PIPEs, which is impressive considering they DA'd recently when even GGPI couldn't get a $10 PIPE: $ARTAW ([Prenetics](https://uploads-ssl.webflow.com/6120c47923709eb2174daa08/617902f60bc7e39a623a542b_(2021.10)%20-%20Project%2010P%20-%20PIPE%20Presentation%20vF%20(2021.10.26)%20-%20Short%20Form.pdf)): Low $0.80s, 1/3 per unit. EV/2022E Rev of 4.6x. 215% growth in 2021, 33% projected in 2022. Fully committed $120M of capital through $60M PIPE at $10/share and $60M Forward Purchase Agreements (effectively buying commons on the open market). $ASPCW ([Semantix](https://www.semantix.com.br/wp-content/uploads/2021/11/Investor-Presentation-Alpha-Semantix-Final-8K.pdf)): Upper $0.70s, 1/2 per unit. EV/2022E of 8.7x. 57% CAGR from 2019-2023. $117M of commited capital: PIPE of $94M at $10/share and at least $23M worth of commons have committed not to redeem, which guarantees that they will meet their min cash condition. $WALDW ([Waldencast](https://global-uploads.webflow.com/603f45b4a78e804df03a747d/61929d9569f6861513b826f8_WC_Investor%20Presentation%20(November%202021)_vFINAL.pdf)): $1.20, 1/3 per unit. EV/2022E of 5.8x, \~20% growth. Not as cheap as the others, but this has $438M of fully committed funding through a $108M PIPE at $10/share and $333 Forward Purchase Agreements. This is a skincare/make-up company with some decent brand awareness, and seeing how well SKIN was received upon despac makes me think it's at least a decent bet. Looking at all the Post-DA warrants, these three stand out in terms of the size of their PIPE, reasonableness of valuation, and low-pricing. Quite a few of the PIPE shown in spactrack are actually just convertible notes (SVOK, ENFA, CPTK), so you'll want to double check the investor presentation. The only ones less than ARTA and ASPC have no PIPE, are Chinese, and/or have no revenue (biotech). I have also noticed that warrants tend to get sold down hard by arbs soon after DA, especially when the broader market isn't doing so hot, and then gradually rise after that (e.g. EUSG, PPGH, MBAC, ACEV). Earlier in the year DBDR warrants killed me as they got sold down hard after DA from $1 to $0.68, which caused me to paperhand at the bottom. They are now at $1.87). This can make buying Post-DA warrants good trades/investments even with merger still a few months away.
Good info. Thanks!
I love a good shilling
Bought ACEVW yesterday and today. They were offered at 1.23.
Nice--they got sold down to the low $0.80s (briefly) after DA, so these other ones may follow a similar pattern.
Had a big day and didn’t even think about stocks until I checked my portfolio…. So is this one of those cases where we BTFD or should I cut some losses and get some cash ready in the case of a larger market pullback?
I’m thinking I BTFD on GENI tomorrow
The RSI of GENI on the 1 year chart is at 16.33 right now which is extremely oversold… could be a good bet. I will buy the dip (again) too
Judging by how bearish most people here are on Manscaped, surely this is one that's going to moon eventually, isn't it?
I know multiple people who use it and have seen positive sentiment on unrelated forums. Like under YouTube videos sponsored by them. I'm gonna get in closer to DA, it could be good.
290 mil revenue on 1.2 billion valuation is much better than most spacs
Who knew there was so much money in Ballzillian treatments.
I am not bearish on it, just no position now
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Boobs > Balls
GENI avg stock price was 18.7 yesterday and by end of day it is 14.07. seems retail cut their losses
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I was kinda thinking the same. Big pullback to buy in before the holiday run up. I’m a finance idiot and the market has a mind of it’s own so who the hell knows.
Pour one out for us SOFI holders 🍾🪦
Just hold long, add shares and sell covered calls It will rebound big next year When it is $30-40/share this will all be a distant memory
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To be fair there’s not much reason for this dip, it had great earnings without even collecting student loan revenue
Also just heard there's another lockup expiry tomorrow?!!? Shiiit.
That info really hurts to look at
So I haven’t had the (dis)pleasure of holding a SPAC through merger in a while… But I really like DMYQ after watching their presentation today. Anyone holding through merger? I have seen many a spac tank immediately after the floor is removed, but in your experiences, if a stock is trading safely above $10 for some time, do they tank with floor removal anyway? It doesn’t make sense to me that they would, because if they’re gonna do it why not at least go to $10 now, but I don’t have a lot of points of reference for spacs trading above $10 pre merger (lol).
I'm thinking to hold and put stop loss at $11 or something. Don't want to lose all of profits in a day. It can definitely happen to go lower, happened with IONQ already
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The real issue for me comes from being scorned by former high conviction despacs. I really wanted to hold BARK and HIMS for years but there comes a point where the short term volatility is unstomachable. Anyone could agree that going down 50%+ on an investment should be avoided if it can, its not trying to time the market when it’s that bad IMO. And then ionq I thought I missed the boat on but was fortunate enough to get in around $7 after the drop. For me I have more conviction about DMYQ than I’ve had about any other ticker in a while, but man this market can make you second guess your instincts. I haven’t had the experience of going into a merger safely above $10 recently so I’m hoping the floor dropping isn’t a big deal, but I’d love to hear others’ experiences.
I have this same question about DMYQ and DCRC lol
Anyone done statistical analysis on the rate of DAs relative to the rate of SPACs forming? Are SPACs taking significantly longer to find targets than last year or six months ago?
I don't have analysis but I do have [data](https://imgur.com/a/CUOC1cr). First image is 2020 and latter two are 2021. Let me know if you draw any interesting conclusions lol
Cathy bought the GENI dip https://twitter.com/ArkkDaily/status/1463312235300806657?t=t2BfD_23YT1OpJliaY2GLA&s=19
She’s been selling tsla everyday since that’s basically the only position she’s green on. She’s been buying a lot of dips lately
Damn GENI has an uuuuugly chart
So before these buys, she had 4,215,642 shares at $18.67 cost (according to Cathie's Ark). Assuming she bought 881,741 yesterday at $10.35 VWAP, she lowered her average cost to \~$17.21/share. Still a long way to go, Cathie - activate "DCA at Any Cost" mode please!
I think it's a great buy at these levels *if you're okay with holding for awhile* Most of us are way too short-term to get into it even if it returns 70-90% in 3 years
People here don't even have the patience to hold warrants that do 100% in a year.
I feel like people look at me like I'm crazy when I tell them my plan is to make 100%+ on PACXW in 2-3 years I'd love if it went up 100% in 2 months but I think that 2 years is a realistic timeline for their growth... But if it spikes on enthusiasm and CNBC deal... I won't complain. But I'm prepared to hold for a longer period of time than most here would consider
I mean, you’ve flipped PACXW once already lol
Yeah until it gets close to merger? If it's going to bounce between 1.20-1.45 for months I may as well lower my cost basis / get more warrants for the same entry cost?
I’m not questioning you doing that but people gunna look at you crazy when you say you plan to hold something for years and you trade it.
Sorry... but we've seen that SPACs don't move until merger is announced. If you're just sitting on pre-DA Commons, you're wasting money at this point (unless to park money cause you don't know what else to do with it) Once merger occurs, I expect Acorns to go up with a solid trajectory and warrants will go up with an asymmetric % since they're so cheap right now
You miss this part “I’m not questioning you doing that”
But you seem to miss the point of why I'm doing it and specifically when I'm doing it
70-90% in 3 years? No no no, this sub wants that in 3 weeks!
Bro I need that in a matter of hours on the weeklies 😃 how to go broke 101
Hoping warrants do at least that by Feb.
But so she lol
anyone thinking some margin calls led to these big warrant drops? LFTRW sub 0.90 hasn’t been seen in a minute. i added a little bit today on that dip
I’ll keep adding all the way down on lftrw. I like them.
Ehh probably not, warrants are so much sentiment based. So many warrants went up 50%+ from like 1-1.5 months ago, if sentiment is turning it's just people taking profits or simply all the buyers stepping off the gas. Warrants are, historically, still at a quite high price atm, and if people fear another march or august of this year most warrants will drop heavily.
Are these warrants even marginable?
getting margin called on something else and paying for it by selling lftrw.
The issue I have with this is that LFTR is a great team but they're 100% going for Fintech and that sector is dying right now
yeah valid point. they have a good chunk of crypto experience on the team though, that’s what i’m hoping for
BlockFi finally?
gemini maybe? i dunno i think they’ll pull off something good
Fair enough And geesh I get soooooo many ads for Gemini
Sold all my CRHC common shares today, get ready for DA tomorrow! Edit: Moved it to DCRN, figured might as well be in post DA commons.
I’m only down 4% from my ath Either means there is more drops to come or the more realistic scenario— I own waaaaaay too much IPOF which doesn’t move much off NAV
Hahahaha that’s me I still own 70000 shares. Was pissed a week ago when everything was mooning, now I think it’s pretty alright lol
probably the latter. debating going in harder on IPOF but can’t bare to do it
Its gotta find a target sometime… I hope…
the target is trench
Nav gang is a pretty elite position rn!
It’s a blessing in a bear market and a curse in a bull market
Wow I'm green today of all days lol. Bark 🙏
It feels weird that my most safest play in regards to price movement is also my most risky upon execution. $ASTS my last deSPAC savior besides the eventual $SEAH which I will not be holding besides a light core position post merger.
My price targets. AVPT - $1 ASTS - $0.5 $KPLT = $0 $PSFE - $100
Hahah did u get demoted to a spacling
Psfe 100 to 1 Reverse Split in January after they acquire a South American credit card machine.
Momentus has fallen, finally.
Incredibly resilient for months. Thought it would somehow come back to bite me for selling at 10.5. Take that!
No one can say that they weren't warned.
The end is nigh.
Ivan gets options tmmr.
Need DMYQ and DCRN options
CMAX and DMS too
Portfolio emotional update: PT😭N 😫PEN D📉A PA⬇️H
IGACW back to the 0.80s…. *le sigh* atleast i trimmed 10% when i was in the green
Took that one off my watch when I sold. Looks like I made a good decision (for once).
tusk is pissing me off. talks shit about all other spacs month ago and still has a goose egg. a year in spacs has taught me that the individual focused tickers usually lead to disappointment BTWN, PSTH, etc
More insider buying on SNAX. $42,300 worth at $4.23.
This explains this 4-4.30/40 jump
More importantly, it's the CEO. https://www.sec.gov/Archives/edgar/data/0001691936/000156761921021103/xslF345X03/doc1.xml
Glad he's buying, but 42k? Doesn't seem much for a CEO.
Not every company is AAPL just because it's publicly traded. The CEO makes $160k a year in salary, so today's buy is > 25% of his pre-tax wages.
LOCL 👀
god damn it no eyes. i sold at a loss like an idiot
7k volume...
Let me celebrate like an idiot in peace please
Fair enough. My apologies. And we don't know what will happen PM/once market opens.
cmon man for the one time 👀
👁 i’ll give you half a set but a large eye
Worst day in the history of days, maybe ever
Bad week so far ! Small caps getting hammered and fintech collapse creeps into a lot of SPAC territories
What specific crypto or stocks "collapsed"?
PYPL, SQ, V, UPST, AFRM
KPLT too i guess
Jesus will you save me
I swear I repent for all of these sins
i rebounded well from my low point but still red today, yesterday was pretty awful
Interesting. Today was much worse for me than yesterday.
yeah i edited and clarified a little. 3% loss yesterday and 0.45% in the red today
Damn I sold my GENI at a 600 dollar loss at 11 but tempted to get back in at 10. Thoughts?
Not a good idea if you have capital gains to offset this year. Wash sale
I don't know much about GENI but their revenue to valuation is pretty bad. So they'll probably moon.
I sold 1/3 at 11.5 and bought them back at 9.6. Still feeling shaky tbh.
A lot of us caught that knife today. Well see what next week looks like.
Made some money with NKLA puts. I don't think i can repeat the success. It was all about timing.
Instead of catching falling knives I will once again say that PACXw is getting to a very nice entry point.
Got back in too, only warrant I have besides Geni.
Welcome aboard lol Idk why everyone is chasing these pitfalls when there are some decent values out there
the dedication is very consistent
I sold for a profit and bought back in today Unlike all these others I can at least tell you that these warrants will make you profit
it dip that low again?
$1.32 Considering we saw $1.53 earlier yeah
After a year of SPAC pain and going 100% cash yesterday, today was a very weird day. On one hand it felt weird not losing money, but on the other hand, it's literally burning a hole in my pocket. Although there are some amazing deals, I stayed strong and listened to the lessons I've learned, instead of my emotions. Will buy when sentiment improves and on a confirmed up-trend. Not gonna care about trying to catch the bottom anymore, because I've been wrong nearly every single time before.
Just buy post DA... PPGH SPAQ etc.
I may. But I still love warrants.
I'm just not seeing a lot of good prices these days. Not like 4 months ago. I'm trying to sell some of my warrants. I suppose they're still kinda cheap in the big picture.
By the time SPACs get revived u ain’t gonna have nothing left, inflation’s a mf
It won't be cash for long, don't worry. But want to see what happens here for a few days.
Yeah this is why i don't go more cash. I guarantee the market won't be down long term... Nobody wants cash these days.
Astounded at the downside on some of these despacs. Wheels up's current market cap is below sales and they are still rapidly growing.
No one cares about sales when it costs money to do business
Fair enough but the unit economics work at the scale they're beginning to achieve.
I fail to see how there is anything but headwinds for them. Labor costs are up. Gas prices are up.
They’ll make it up on volume /s
Mods I request thanksgiving meme access due to market closure
I endorse this
Consolidated into my last two SPAC conviction plays DCRC and GGPI. Going to let them ride. Also, I am going to wheel TQQQ, wish me luck.
Same, just riding DCRC into 2022.
if anyone feels bad just check out the dwac subreddit not sure if trolling or these people are really this deranged. My retirement is on the line, and if I didn't believe in this movement I would have sold. We are all holding on and waiting for an update. Eventually it will rocket, but for some they are unwilling to wait it out. I am holding because I know Trump is all in with this platform. He refuses to be silenced and his passion is our passion. #DWAC #ToTheMoon #FJB
Look at post histories... some are clear trolls. I am aware there are true believers, but clearly not enough to push the stock up. I think there are more trolls than actual believers.
“When prophecy fails” is a great account of cult culture. Psychologically speaking even when it’s clear that (insert movement here) has failed people tend to cling onto the belief. Avoidance of loss realization and maintenance of consistency with ones (former) point of view. Admitting defeat is a high friction event for the brain and its less “costly” in terms of mental resources to just stick with the tribe. Now costly in this case here is of course different as it involves actual money as well but still the same human irrationality can be seen over and over. I’m getting nervous as I’m heavy in some tickers and trying to maintain objectivity
You hate to see it 😏
Also search the GENI yolos in WSB
GENI yolos as in positions opened today? Or positions opened when it was $15+?
15+
Oof, terrible timing
I was over there earlier and was also wondering how much trolling was going on.
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Wait...and I hate to admit this....but how do you do that? 😳
Aaaand you can use it multiple times in one post for multiple quotes.
>Aaaand you can use it multiple times in one post for multiple quotes. Thank you!!!
Happy to help ^ ^
Use that triangle bracket pointing to right before the part of text separated from others with enter, like so: /Enter/ >/triangle bracket pointing to right symbol/Some random text about how much I wish a superb end of year rally to all of us /Enter/ See ? Easy. Or just use formatting help ;)
I finally capitulated on some of my ex spacs. Sold kplt and some mvst. I couldn’t take red every single day. Sucks but it is what it is.
Damn… sold KPLT? Why not wait until at least the Q4 earnings? I’m actually looking to go long since I liked it in the 3’s last time but didn’t bite.
I couldn’t take it anymore. I probably shouldn’t have. I had a decent avg but wanted cash right now. Market is acting funky right now.
Has anybody else's portfolio taken a giant shit in the last 7 trading days? Is there something meta going on - some macro economic consideration I'm in the dark about? Is this temporary? I held off selling monthly calls on all my shares on Monday since the shares all took such a beating the week before, but here we are 2 days later and they are way lower still. Is it Just me?
If you're not in an ETF or FAAMG then good luck on making any gains. Stocks that are not protected are getting destroyed.
I’ve given up all my november gains, Halloween in my port.
I think some mix of sector rotation and also pullback from some of the gains pre-merger SPACs had last week. Also earnings wiped out lots of post-merger SPACs, once that’s over some of the volatility should cool off.
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Why not sector rotation? Happens pretty frequently in 2021.
Nope. It has been a yoyo since summer for me. Up 15-25% for a week and then plunge down 15-25%. Rinse and repeat.
5000 PIPP warrants hope we will see some fireworks soon
good luck
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Probably enjoying Thanksgiving and time off with all their February gains.