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

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I picked up some WPF in low 10s today, added to my VIH in the low 15s. And sold to open PSTH $25 puts and VIH $15 puts. Added to my IPOF for a short term play

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Looks like SPACs are starting to come back based the price action of RICE and a few others. RICE looks crappy too.

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FRX is my top one. It’s a PTON competitor. PTON has a little over 2x the revenue but is trading 13x higher than FRX🤯. Are you fooking kidding me?! I’m in! FRX also has celeb investors and the former Tik Tok ceo as a backer

FRX 2020 revenue - $875 million
PTON 2020 revenue - $1.8 billion

FRX market cap - $2.9 billion
PTON market cap - $40.7 billion

Looks like free money to me. I’m also drunk

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Thanks UIpath. I was thinking of going to into shares on this tomorrow morning

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I still have psth, ipof, and VIH currently. Have March $50 covered calls written against psth at 2.9 haha. Fools out there. I really like VIH long term here and will add on pull backs. Institutional Bitcoin ownership will come through this company. Playing the trading angle rather than the underlying Bitcoin volatility. I’ll add open and more to ipof on pull backs too

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IPOF on sale today!

What are the upcoming spacs that are going to be hot? Admittedly I've been busy so haven't been able to research and keep up with the markets.

On lucid deal CCIV is down 25%. Shooting fish in a barrel with retail chasers. Hoping this never ends

Anyone know anything of FMAC? I keep hearing discord could go public through this.

Check out AVAN and SVOK

Any ideas on a merger target for AVAN?

Any thoughts on SRNGU?

WPF is going to be a good one

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Working as Investment Banking Associate(15 months)
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Additional Posts in SPACs

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

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FTOC rumored Payoneer. My warrants hugeeee

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

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Which SPACs do people still see upside for?

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

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I’m out all of my ipoe shares here from $11. Still have some ipof in play too

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Any thoughts on VOSO and CND?

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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Is anyone still following/bullish on GIK? Wondering whether to keep holding or sell

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Increased position on WPF at 10.12. This is a .10 free stop on merger. Can elect to take $10 nav plus interest

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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.

likesmart

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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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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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

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IPOB is up 133% on the year. Would you buy IPOC right now as it’s only up 5%?

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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

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