PSTH might come home to roost soon.... still my biggest spac. Just bought $PSFE IN long term portfolio

like
Posting as :
works at
You are currently posting as works at

Well, hope you like music. I don’t like the deal but it will likely perform well over the long term. Likely a lot of sell pressure prior to the close of deal. Remember, tontine warrants are assigned to those who hold before merger

like

Not sexy enough for the mass retail. Institutions are already in from 20

like

I like it. NOT sexy which is why retail is leaving but they’re a solid company. Ackman will put this up for the next two weeks on all the big stations

like

I added more shares at 21.5 Friday. Average around 23. I only have 500 shares. Sold a bunch and covered calls over the last few months. The complexity intrigues me. I like the option to essentially play his next two spacs. I’ll be fine parking 10-20k in here the next few years and not looking back. The foreign shares are the only thing that is giving hesitation

like

You are really going all in... I’ll add more once I find out more about the foreign shares and how we will hold

like

Flipping some into strength this morning at 23.5

like

I am at full position on PSTH. I also have a message into E*TRADE to make sure I can even get the foreign shares

like

Full position turned into more this morning. No looking at it anymore

like

Disappointed is an understatement…

like

Yeah, I get it. Sucks. While everyone was complaining, I was buying everyday to build a position for the LT. I sold some but will be buying back close to $20. The 2/9th warrants are still attached and aren’t priced in

like

50% of my net worth is in PSTH. LFG!!!

You are nuts haha. Good luck.

like

I am. Upped it to 60% on the dip this morning!!!

https://s3.amazonaws.com/assets.empirefinancialresearch.com/static/Complexity+Creates+Opportunity+%E2%80%93+Our+View+on+PSTH.pdf

Good take from a former Sohn Investment winner and current Portfolio Manager.

https://yetanothervalueblog.substack.com/p/further-breaking-down-and-simplifying

Yeah I’m switching to IBKR

Same, planning to sell half and hold the rest.

Now his rant from last March makes sense.

Post Photo

Related Posts

Anyone looking for a job or know someone who is?

like

After 3 years of dealing with the worst firm I've ever had the displeasure of working for, I finally landed my dream gig at a small specialty firm. The people at the new firm are all SMEs featured in and contributors to the most notable business publications in the world, less than 100 employees, better benefits, unlimimted PTO, doubled my pay and landed a senior role.

Keep looking for what you want and deserve. I'm happy to be forging a better path away from what I've had to endure.

likeuplifting

can some one please help with the in hand salary calculator (some colorful table was shared by some member as a screenshot)?

like

Anyone exit strategy consulting recently and join a growing team in Houston? Trying to find a relevant role in industry, don't mind returning to an office.

like

Question for the Biglaw Bowl: How common is it to take a pay cut when being promoted from associate to income partner? I had heard about this happening at some lower ranked V100 firms. But now that I’m more senior and my friends are making partner, it sounds like it’s a lot more common than I thought and happens at firms where I wouldn’t expect it. Does anyone here have any insight into this? How common is it, how much of a pay cut, and how long until your pay catches up to associate pay?

like

Is it common for people to move from management consulting to strategy within Accenture?

like

Anyone know how to get added to the Tech bowl?

like

Can someone please explain health care plans and choosing the right one to me like I am a five year old? I’m joining a new company and they have Cigna, I am a pretty healthy woman with no pre-existing conditions or anticipate any major health change. TIA

like

What is the salary cap for C3A grade at TCS ?

like

I would go crazy without my CW partner. Who else’s partner keeps them sane?

like

Hi Bostonians! Recommendations for date night restaurant (Boston or Cambridge area) that has decent vegetarian options?

like

How do you negotiate an offer the correct way

What does pay at ZS look like from AC -> Principal?

like

I LOVE ACCOUNTING

likefunny
like

Hi,
How frequently WFO is being tracked at JPMC Bengaluru?
Reports are running weekly or monthly?

like

Why does everyone hate Gary Vee? Someone spill the VaynerMedia tea.

IMO I’ve never seen more pharma jobs open. And I keep seeing so many people in non-pharma looking for new jobs... well, we’ve got them. What’s the disconnect? Why do you think people won’t make the switch?

like

Started keto last week and I'm dying to try some keto restaurants. Any good reccos?

Additional Posts in SPACs

Thoughts on the CCIV run up? Do you think it’ll hold post merger announcement?

like

Shopping again today from my sells on Friday. Rinse and repeat

like

Honestly, I am sitting over here in Europe and despite I work in M&A Tax (yes, I know not a real finance thing), I have no idea how to find these awesome SPACs. TELL ME please.

like

Well TSIA already up 100%. I’ll pass on this one

like

I am selling into these pops on psth. 50/50 chance the target disappoints the stripe crew and it dips hard. I’ll be buying a bunch of that is the case. Beware- 2/9th warrants are still attached to these shares so there is some premium in the price

like

SPAC bubbles are popping everywhere. Premiums being pulled out here pre deals. Becareful out there. None are safe. I will be selling puts in psth if it opens below 28

like

Anyone holding $APXT?

like

What is happening with GHIV is it a good time to buy?

like

Who’s not buying BFT?

like

Ev bubble finally bursting. This rout will separate froth from long term plays. What are LT spacs or EV stocks you are doubling down. Hopefully another 15-20% correction in EV will be healthy.

Looking for additional bowl managers. I created the bowl but don’t have enough time. Anybody interested?

like

What SPACs are you riding? I’m in SHLL, GRAF, LCA, SPAQ, OPES, CCXX, CCX, CCIV, and PSTH. Did great in DKNG and UTZ.

like

Up 200% on CCIV warrants and no DA or LOI yet 🥴

like

Help needed to evaluate if IPOE is a good buy here or wait for a pull back. Current market cap of IPOE = 1.6b they are merging with SoFI and the valuation is 8.5b. After the merge what would be the total market cap?

Best pre-announcement SPACs

I like to park my money in some of these. Used to be a major winning strategy, now it seems less consistent but still. Holding on to SOAC, JWS and IPOC. I know PSTH and IPOB seem strong as well, any others you really like, and why?

like

PSTH - keep an eye on this one. Up 50% here from NAV. Not sure ackman will pick a sexy name that drives momentum. Either way, big money behind this one and hoping for a good deal sooner than later

like

Trying to grow this bowl. Not a lot of contributors but huge room for big pays coming. Good luck all. IBM it’s about to get fun

likeuplifting

Trimmed some psth this morning. I don’t like that stripe did a $100b raise without needing ackman. I think this merges with a long term winner but will be able to add back at lower prices before merger and still receive the 2/9 warrants

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal