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re: Special Purpose Acquisition Company (SPAC) Discussion

Posted on 6/29/20 at 10:16 pm to
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 6/29/20 at 10:16 pm to
quote:

Anybody riding the LCA-Golden Nugget online betting train?


I loaded up on shares at 13. People will start calling it the next DKNG
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 6/29/20 at 10:24 pm to
quote:

Also i seem to keep reading about the downside limit.


Interesting read
Posted by Lance1
Member since Jun 2020
1 post
Posted on 6/30/20 at 6:43 am to
Same train along with about 12 others. Think I’ll run out of money to invest before long with so many I’m trying to invest in. Don’t think I have bear where you have mentioning buying ackmans when it comes out with 100k. Good for you! Don’t want to get off topic with your last post so I’ll cut it short but joined this site because of your posts and would love to chat. I’m on discord spac group also. If have dm or way to chat I have solid questions I’d like to pick your brain. Thanks!
Posted by The Mick
Member since Oct 2010
43152 posts
Posted on 6/30/20 at 7:38 am to
Today ARYA, OPES looking like possible breakout
(in my humble worthless opinion)
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 6/30/20 at 8:29 am to
quote:

OPES looking like possible breakout


My largest position by far. Been in since day 1. Been waiting on the definitive agreement news that we just got this morning. Probably will sell a good chunk today to lock in profits and possibly buy back down the road if it dips premerger.
Posted by TheChosenOne
Member since Dec 2005
18521 posts
Posted on 6/30/20 at 9:02 am to
How much higher do you think OPES could go short term? Seems like 15-20 for a burger chain is pretty fair value coming out of merger. Shake Shack's IPO was around 20, IIRC.



Posted by Turftoe
Denver
Member since Mar 2016
3908 posts
Posted on 7/1/20 at 5:10 pm to
Bought some FMCI today. I’ll be building a position over the next few weeks.

Averaged up on SHLL this morning.

GPAQ is going off in AH. Ticker change coming up tomorrow morning.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 7/2/20 at 8:28 am to
Graf/Graf +

Confirmed.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 7/2/20 at 8:31 am to
quote:

Lance1


Discord handle?
Posted by Turftoe
Denver
Member since Mar 2016
3908 posts
Posted on 7/2/20 at 1:11 pm to
Nice call on GRAF! great run today.
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 7/9/20 at 12:33 pm to
SPAQ just jumped!
Posted by TheChosenOne
Member since Dec 2005
18521 posts
Posted on 7/9/20 at 1:16 pm to
That's an interesting rumor. I didn't realize Fisker was still around.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 7/9/20 at 3:49 pm to
Too easy. Made over 35k on it today. I've been accumulating spaq warrants under $1 just for today's news. I sold some just now at $4.15.

It's a cycle: rumors cause spike and hype, then drifts down, then confirms and spikes again lol. It doesn't even matter the acquisition at this point. ORNS announced some crappy company/news last week and it jumped over 200%. I sold all immediately.

ANDAW, FTACW, CFFAW on my near term watch list along with many others. Rinse and repeat.
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 7/9/20 at 4:58 pm to
So you mentioned a while back about buying stock if its a company you like being acquired. If they confirm Fisker would that be a good one to buy stock in?

Also, where do you go to research about all the SPACs?
Posted by BLM
ATL
Member since Oct 2011
746 posts
Posted on 7/9/20 at 6:35 pm to
What’s the lag time between warrants running up and then the common shares? Is there enough delay to use the warrants as an indicator to buy common shares?

I e had a difficult time keeping any $ in these spacs while the tech companies are cruising up.
Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 7/9/20 at 10:02 pm to
Nice jump AH. Robintrack shows over 11k added today.

quote:

So you mentioned a while back about buying stock if its a company you like being acquired. If they confirm Fisker would that be a good one to buy stock in?


I'm still holding quit a bit of warrants, will sell off more gradually. More info eventually will be revealed on Fisker and may pick up share for longer hold if there's definite confirmation, investor presentation and financials look good.


quote:

where do you go to research about all the SPACs?


SPACtraq

WT

smmba

Edgar, spacinsider, spacresearch, spacinvesting, spacalpha, spacanalytics etc. and of course ole fashion Google to check out management team, history and acquisitions.


Posted by LSUregit
Member since Dec 2013
1620 posts
Posted on 7/9/20 at 10:32 pm to
Too many variables on warrants and common lag times. WSB, RH, ST and twitter P/D trying to get into the action now making it way more volatile. Just have to stay ahead of the game and understand how it is evolving weekly.

quote:

I e had a difficult time keeping any $ in these spacs while the tech companies are cruising up.


I hear ya. I'm very tech heavy on my regular accounts. I started a speculative account hoping to make a few extra cash to funnel back to my other accounts. Thanks to VTIQ, I made out like a bandit, and ended up with a SPAC obsession (holding over 40 now ) and made over 400k in approx 10 wks.
Posted by BLM
ATL
Member since Oct 2011
746 posts
Posted on 7/10/20 at 12:08 am to
Wow, that’s outstanding. Great work! Appreciate your feedback on the board.

I’m really enjoying learning. It’s funny to me now to read a post from someone looking for advice on where to put x amount of dollars to get the “best return possible”. I didn’t do that, but definitely had the thought in the back of my mind. But, it’s like anything else in life. You gotta get some skin in the game to learn the lessons...good and bad.

Keep on killing it!
Posted by BallsEleven
Member since Mar 2019
6163 posts
Posted on 7/13/20 at 7:54 am to
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