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Which SPACs do people still see upside for?
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Where is everyone? Let’s get some ideas flowing.
Well TSIA already up 100%. I’ll pass on this one
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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
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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.
Why do you think that will happen?
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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.
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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.
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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.
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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?
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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