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re: Special Purpose Acquisition Company (SPAC) Discussion

Posted on 9/29/20 at 8:47 am to
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 9/29/20 at 8:47 am to
DPHC came out of nowhere when they announced Lordstown. I'll ride them out up until merger time.


NOVS announced this morning. I had some funds sitting in my Chase personal account, transferred some to a Chase You Invest account, Bought 2000 NOVS at $9.80 a few wks ago. Popped to $13 this morning. No risk arb. What a time to be alive!!
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/29/20 at 1:37 pm to
When does Qell start trading? Saw the announcement but doesnt say date. Tomorrow?
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 9/29/20 at 2:05 pm to
It should price tonight and start trading tomorrow. I have a lot of "safe money" that I'll let it sit through the election.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/29/20 at 2:12 pm to
quote:

I have a lot of "safe money" that I'll let it sit through the election.



LOL we know you are lighting $100 bills to start the fire in the guest cabin.

I assume the hope/dream is Proterra?
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 9/29/20 at 2:43 pm to


Proterra, Lucid or Rivian would be well received. May be awhile before any announcement though. Hopefully the EV hype continues.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 9/30/20 at 10:56 am to
I'm in QELLU $10.12

Too many to keep up with now. IPOD,IPOE etc coming soon.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/30/20 at 11:35 am to
I assume you are diving into IPOD and IPOE?

I am in QELLU at $10.12 also, but I am sure at a fraction of your stack lol
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4212 posts
Posted on 9/30/20 at 2:42 pm to
Where are you trading QELL? Can't find it on Schwab
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 9/30/20 at 7:15 pm to
I use Merrill - showed up around 10:45
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4212 posts
Posted on 10/1/20 at 5:56 am to
quote:

I use Merrill - showed up around 10:45


Okay, thanks.


Bought a little GHIV and HCAC yesterday. Plan on slowly taking SPAQ profits and dumping it into others in the near future.
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4212 posts
Posted on 10/1/20 at 6:02 am to
quote:

I bought a bunch of CCX today at $11


Are you still in CCX? Seems like a great entry point right now.
Posted by jangalang
Member since Dec 2014
36758 posts
Posted on 10/1/20 at 7:08 am to
MCAC- Playboy.

Pornhub would’ve been better

LINK
This post was edited on 10/1/20 at 7:09 am
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 10/1/20 at 8:14 am to
Yes, holding a boat load of CCX. Averaged down to 10.4 the past months. Will buy more if it drops. Even if not Topgolf, they are due soon to announce something for an initial pop.

quote:

I assume you are diving into IPOD and IPOE?


Yes. Even I'm getting some SPAC fatigue lol. Everyone and their mamma got one diluting the market. Few months ago, all these spacs we have been discussing would have mooned by now.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 10/1/20 at 9:13 am to
Yeah dilution is worrying me (about limiting the moonshots).

I really don't get TRNE. Also, SBE warrants seem low in relation to stock price (no value to optionality or leverage - granted they dont have the NAV put protecting them).

LGC warrants are blowing my mind. Flat out, if you think the deal will close, the warrants are redeemed for $1 value at close if the stock price is $10. More if the stock is higher and less ratably if below $10. I do not get the current discount... but am paranoid as I keep loading them lol
Posted by reds on reds on reds
Birmingham
Member since Sep 2013
4212 posts
Posted on 10/1/20 at 9:41 am to
Any thoughts on GHIV? Bringing United Wholesale Mortgage to market.

LINK
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 10/1/20 at 10:30 am to
I havent done my DD on GHIV yet
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 10/3/20 at 5:11 pm to
quote:

Yes, holding a boat load of CCX. Averaged down to 10.4 the past months. Will buy more if it drops. Even if not Topgolf, they are due soon to announce something for an initial pop.


If we believe bloomberg - online education merger

Skill soft and global knowledge

Thoughts? I will probably liquidate on news when the market opens.... I have a small position just recently bought at $10.65
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 10/3/20 at 10:45 pm to
RMG/Romeo rumored Friday afternoon. Sold all my warrants during the spike but will hang on to commons to see where it settles.


CCX, what a disappointment. Probably my first SPAC that doesn't pop on a rumor/announcement. Poor timing for this rumor to occur at market close during the weekend. Will be a lot of selling come Monday. Glad I'm not holding any warrants (I usually avoid buying over $1.5 pre announcement).



Posted by TigersSEC2010
Warren, Michigan
Member since Jan 2010
37373 posts
Posted on 10/4/20 at 12:28 am to
I got in on RMG right after the news right as it hit $11. I feel as though that's a low-risk play for the potential pop. I don't love RMG and its connection to Nikola, but people go stupid for anything remotely EV.
Posted by igoringa
South Mississippi
Member since Jun 2007
11876 posts
Posted on 10/5/20 at 1:48 pm to
Medic!
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