Spacs to this point have been the easiest money you could make. Beware of 2021 As i feel even the top spacs get some pressure. Stick with good management and companies.

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Current SPAC holdings: PSTH, IPOF, VIH. Recently took profits in CLOV, IPOE, DM, DMYD, STPK.

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Sold half VIH premarket 19.30s

Listen- these type of plays are make the play and move onto the next exciting company. If one feels good to you then sure buy and hold long term.

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Why do you think that will happen?

I believe every SPAC is just running on momentum and the idea that these are easy money. Look at some of the ones that are not highly publicized. After merger is completed they Tend to go down very large.

For example, watch VGAC. Deal complete. Not too exciting and growth projections look strange (down and then up). This will likely bleed sub $10 in near future.

Another is HOL. This has hardly no revenues and is being run up since it is a rocket company and is compared to SPCE movement. These will all come back down to earth.

also, the market doesn’t continue to offer free money like this. Look to the next trend and always stay ahead. This market is opportunistic but you have to be quick.

Do you still see room for quick money in SPACs? What do you see is the next new trend?

That’s all spacs have been is quick easy money. Look at the chamath spacs. These around up 100-500% from his buys. No fundamental changes other than momentum. Those will all cool off. DM is my top pick for a pull back

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Additional Posts in SPACs

I’ll be taking a look at all the recent SPACs that had huge runs. The plan is to watch for momentum to start fading and play some puts at or around merger votes. A lot of these plays are priced to perfection on revenues 5+ years away. Will some make it big? Yes. Will some fail, yes. Also starting to watch the warrant exercise requirements. All of these have huge supply coming to market and I plan to be on the other side of the retail suckers

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Reallocated some of my WPF position to PSFE. They are post SPAC merger but both will be long term holds for me.

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Bought a larger amount of FTOC warrants. 750mm checkbook fintech play with great mgmt.

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

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Which SPACs do people still see upside for?

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Here is difference of thinking. I trimmed a lot of my adds from yesterday and this morning. These things. Ounces too fast too strong. I always sell into strength and buy weakness

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Tax Senior Manager and Bowl Creator have thrown out WPF, SVOK, and AVAN recently. With these all barely above $10 (and SVOK actually temporarily below), what’s the downside to investing in these? Am I missing something? Don’t they offer you the opportunity to sell back the shares at $10 around the merge date? So max loss would be $0.12 per share on WPF (at current pricing) and $0.19 per share on AVAN?

Are there other SPAC plays that people like that seem like no brainers at these levels?

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FTOC rumored Payoneer. My warrants hugeeee

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Where is everyone? Let’s get some ideas flowing.

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

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

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Rumors of IPOF getting Equinox. Thoughts?

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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

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In chamath we trust. This guy prints money. The wave will end eventually but damn it has been good.

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Pretty new to investing. Can someone please explain what a SPAC is? And the difference b/w a SPAC and a VC?

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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

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