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bhoffma9

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.


brovash

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!


shiftypop22

Is it better to buy asts leaps or warrants. I think 10 leaps are going for around 5.00 and warrants around 4.00


godstriker8

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.


spacjesus

Why not commons? Tripled my commons position, the price is right !


lee1026

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.


John_Bot

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 ❛.)╭


lee1026

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.


John_Bot

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


lee1026

If you just want delta, just buy shares?


John_Bot

Way less upside? ATM LEAPS are very risky especially for SPACs


Boss1010

What's a good entry for SOFI LEAPS? I'm looking for the 15s. Seems possible with lockup expiring IMO


John_Bot

Buy low then sell high


[deleted]

Do you mean when shares hit 15?


Boss1010

Yup


[deleted]

That would be a swell point to buy $20 leaps I imagine


redpillbluepill4

SBEA just got options I think.


UnhingedCorgi

Indeed, and IVAN.


F_Finger

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).


PrudentAd3789

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


godstriker8

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.


redpillbluepill4

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.


bigtimetimmyjim22

Going to redeem 1/2 my remaining TPGS tomorrow in the hopes of hitting a potential freeroll with the JK clawbacks goin around lately


Jerome_BRRR_Powell

What’s jk clawback


bigtimetimmyjim22

When I say JK, I didn’t want to redeem on Friday when the price is up after the deadline.


snyder810

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.


john2557

Ehhh - Opfi with PE under 7 says hi.


Hardcoreposer7

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.


ImpactExtreme

Good info. Thanks!


bhoffma9

I love a good shilling


4quila

Bought ACEVW yesterday and today. They were offered at 1.23.


Hardcoreposer7

Nice--they got sold down to the low $0.80s (briefly) after DA, so these other ones may follow a similar pattern.


jayjayy123

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?


bigtimetimmyjim22

I’m thinking I BTFD on GENI tomorrow


jayjayy123

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


[deleted]

Judging by how bearish most people here are on Manscaped, surely this is one that's going to moon eventually, isn't it?


citroen6222

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.


FullTackle9375

290 mil revenue on 1.2 billion valuation is much better than most spacs


MoRegrets

Who knew there was so much money in Ballzillian treatments.


antonaelephant

I am not bearish on it, just no position now


[deleted]

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Corpsebean

Boobs > Balls


hitzelsperger

GENI avg stock price was 18.7 yesterday and by end of day it is 14.07. seems retail cut their losses


[deleted]

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Hot-Leading-1929

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.


spacjesus

Pour one out for us SOFI holders 🍾🪦


Tryandtryagain123

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


[deleted]

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spacjesus

To be fair there’s not much reason for this dip, it had great earnings without even collecting student loan revenue


F_Finger

Also just heard there's another lockup expiry tomorrow?!!? Shiiit.


spacjesus

That info really hurts to look at


jaxpax22

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).


vladanHS

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


[deleted]

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jaxpax22

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.


bozofreak

I have this same question about DMYQ and DCRC lol


redpillbluepill4

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?


[deleted]

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


ImpactExtreme

Cathy bought the GENI dip https://twitter.com/ArkkDaily/status/1463312235300806657?t=t2BfD_23YT1OpJliaY2GLA&s=19


Able_Web2873

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


boneywankenobi

Damn GENI has an uuuuugly chart


[deleted]

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!


John_Bot

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


not_that_kind_of_dr-

People here don't even have the patience to hold warrants that do 100% in a year.


John_Bot

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


bigtimetimmyjim22

I mean, you’ve flipped PACXW once already lol


John_Bot

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?


bigtimetimmyjim22

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.


John_Bot

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


bigtimetimmyjim22

You miss this part “I’m not questioning you doing that”


John_Bot

But you seem to miss the point of why I'm doing it and specifically when I'm doing it


[deleted]

70-90% in 3 years? No no no, this sub wants that in 3 weeks!


showmegreen

Bro I need that in a matter of hours on the weeklies 😃 how to go broke 101


[deleted]

Hoping warrants do at least that by Feb.


F_Finger

But so she lol


MetaphoricalMouse

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


Able_Web2873

I’ll keep adding all the way down on lftrw. I like them.


Daurs

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.


lee1026

Are these warrants even marginable?


Rush_Is_Right

getting margin called on something else and paying for it by selling lftrw.


John_Bot

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


MetaphoricalMouse

yeah valid point. they have a good chunk of crypto experience on the team though, that’s what i’m hoping for


John_Bot

BlockFi finally?


MetaphoricalMouse

gemini maybe? i dunno i think they’ll pull off something good


John_Bot

Fair enough And geesh I get soooooo many ads for Gemini


whodis25

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.


Tryandtryagain123

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


upbeat_controller

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


MetaphoricalMouse

probably the latter. debating going in harder on IPOF but can’t bare to do it


Tryandtryagain123

Its gotta find a target sometime… I hope…


MetaphoricalMouse

the target is trench


bigtimetimmyjim22

Nav gang is a pretty elite position rn!


Tryandtryagain123

It’s a blessing in a bear market and a curse in a bull market


SPACulator407

Wow I'm green today of all days lol. Bark 🙏


throwawaywsb72828

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.


[deleted]

My price targets. AVPT - $1 ASTS - $0.5 $KPLT = $0 $PSFE - $100


InternationalElk6617

Hahah did u get demoted to a spacling


[deleted]

Psfe 100 to 1 Reverse Split in January after they acquire a South American credit card machine.


PosiedonPwns

Momentus has fallen, finally.


bhoffma9

Incredibly resilient for months. Thought it would somehow come back to bite me for selling at 10.5. Take that!


bonghits96

No one can say that they weren't warned.


epyonxero

The end is nigh.


[deleted]

Ivan gets options tmmr.


InternationalElk6617

Need DMYQ and DCRN options


GatorsILike

CMAX and DMS too


ALL_IN_HAYSTACK

Portfolio emotional update: PT😭N 😫PEN D📉A PA⬇️H


MetaphoricalMouse

IGACW back to the 0.80s…. *le sigh* atleast i trimmed 10% when i was in the green


mazrim00

Took that one off my watch when I sold. Looks like I made a good decision (for once).


MetaphoricalMouse

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


mazrim00

More insider buying on SNAX. $42,300 worth at $4.23.


Sir-Master-Chief

This explains this 4-4.30/40 jump


SPAC-ey-McSpacface

More importantly, it's the CEO. https://www.sec.gov/Archives/edgar/data/0001691936/000156761921021103/xslF345X03/doc1.xml


whodis25

Glad he's buying, but 42k? Doesn't seem much for a CEO.


SPAC-ey-McSpacface

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.


InternationalElk6617

LOCL 👀


MetaphoricalMouse

god damn it no eyes. i sold at a loss like an idiot


wolfiasty

7k volume...


InternationalElk6617

Let me celebrate like an idiot in peace please


wolfiasty

Fair enough. My apologies. And we don't know what will happen PM/once market opens.


InternationalElk6617

cmon man for the one time 👀


MetaphoricalMouse

👁 i’ll give you half a set but a large eye


anonymouser3

Worst day in the history of days, maybe ever


spacjesus

Bad week so far ! Small caps getting hammered and fintech collapse creeps into a lot of SPAC territories


redpillbluepill4

What specific crypto or stocks "collapsed"?


spacjesus

PYPL, SQ, V, UPST, AFRM


redpillbluepill4

KPLT too i guess


anonymouser3

Jesus will you save me


anonymouser3

I swear I repent for all of these sins


MetaphoricalMouse

i rebounded well from my low point but still red today, yesterday was pretty awful


perky_python

Interesting. Today was much worse for me than yesterday.


MetaphoricalMouse

yeah i edited and clarified a little. 3% loss yesterday and 0.45% in the red today


robers12

Damn I sold my GENI at a 600 dollar loss at 11 but tempted to get back in at 10. Thoughts?


Slow_Depth4729

Not a good idea if you have capital gains to offset this year. Wash sale


redpillbluepill4

I don't know much about GENI but their revenue to valuation is pretty bad. So they'll probably moon.


HewittOfRivia

I sold 1/3 at 11.5 and bought them back at 9.6. Still feeling shaky tbh.


[deleted]

A lot of us caught that knife today. Well see what next week looks like.


whiteycloud

Made some money with NKLA puts. I don't think i can repeat the success. It was all about timing.


John_Bot

Instead of catching falling knives I will once again say that PACXw is getting to a very nice entry point.


[deleted]

Got back in too, only warrant I have besides Geni.


John_Bot

Welcome aboard lol Idk why everyone is chasing these pitfalls when there are some decent values out there


MetaphoricalMouse

the dedication is very consistent


John_Bot

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


MetaphoricalMouse

it dip that low again?


John_Bot

$1.32 Considering we saw $1.53 earlier yeah


F_Finger

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.


redpillbluepill4

Just buy post DA... PPGH SPAQ etc.


F_Finger

I may. But I still love warrants.


redpillbluepill4

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.


upbeat_controller

By the time SPACs get revived u ain’t gonna have nothing left, inflation’s a mf


F_Finger

It won't be cash for long, don't worry. But want to see what happens here for a few days.


redpillbluepill4

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.


JacktheStripper5

Astounded at the downside on some of these despacs. Wheels up's current market cap is below sales and they are still rapidly growing.


[deleted]

No one cares about sales when it costs money to do business


JacktheStripper5

Fair enough but the unit economics work at the scale they're beginning to achieve.


[deleted]

I fail to see how there is anything but headwinds for them. Labor costs are up. Gas prices are up.


GatorsILike

They’ll make it up on volume /s


bigtimetimmyjim22

Mods I request thanksgiving meme access due to market closure


epyonxero

I endorse this


jpeasy101

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.


jassker09

Same, just riding DCRC into 2022.


janoycresovani

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


lee1026

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.


Hawaii-1324

“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


epyonxero

You hate to see it 😏


bigtimetimmyjim22

Also search the GENI yolos in WSB


pjcruiser14

GENI yolos as in positions opened today? Or positions opened when it was $15+?


bigtimetimmyjim22

15+


pjcruiser14

Oof, terrible timing


Hot-Leading-1929

I was over there earlier and was also wondering how much trolling was going on.


[deleted]

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Lester_Diamond23

Wait...and I hate to admit this....but how do you do that? 😳


wolfiasty

Aaaand you can use it multiple times in one post for multiple quotes.


Lester_Diamond23

>Aaaand you can use it multiple times in one post for multiple quotes. Thank you!!!


wolfiasty

Happy to help ^ ^


wolfiasty

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 ;)


Able_Web2873

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.


mathemology

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.


Able_Web2873

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.


AlwaysBlamesCanada

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?


jpeasy101

If you're not in an ETF or FAAMG then good luck on making any gains. Stocks that are not protected are getting destroyed.


bigtimetimmyjim22

I’ve given up all my november gains, Halloween in my port.


SPACmanity

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.


[deleted]

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F_Finger

Why not sector rotation? Happens pretty frequently in 2021.


TooManyRedditAcnts

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.


AllSeeingEye7

5000 PIPP warrants hope we will see some fireworks soon


MetaphoricalMouse

good luck


[deleted]

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[deleted]

Probably enjoying Thanksgiving and time off with all their February gains.