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re: Special Purpose Acquisition Company (SPAC) Discussion
Posted on 6/22/20 at 10:55 pm to TheChosenOne
Posted on 6/22/20 at 10:55 pm to TheChosenOne
I currently own warrants in over 20 different SPACs. I bought them very very early before it caught on tho. Many folks are buying and trading warrants just like individual stocks, with zero intention to redeem, and has made them very volatile. If you look at the trend of EVERY SPAC warrant over the past month, they all have trended way up.
I was lucky to be ahead of the game and own most of them near their lows. I knew I couldn't predict which SPAC will announce a target so I bought a basket of them. Including the three just mentioned.
- Once a target is announced, warrants will rocket up then commons follow if it's a decent company.
I was lucky to be ahead of the game and own most of them near their lows. I knew I couldn't predict which SPAC will announce a target so I bought a basket of them. Including the three just mentioned.
- Once a target is announced, warrants will rocket up then commons follow if it's a decent company.
This post was edited on 6/22/20 at 10:58 pm
Posted on 9/14/20 at 4:37 pm to LSUregit
I’ve never bought the warrants but I’ve bought and sold LCA multiple times in the past 3 months.
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