There isn’t any downside to buying SPACs between $10 and $14. The whole point of these assclowns existing is to boost the value of the stock price. Why the fuck else would XYZ reverse merge into these shells? This is the current craze now and I’m seeing 10 added to the market every single day.
Naturally, this will eventually cause a magnificent crash, as the totality of the SPAC space encroaches on $100b in market cap. They’re all dicking around in the dirt for the next EV or AI or gene editing play. They’re all wholly intent on acquiring a company for MAXIMUM SHARE PRICE EXPLOSION.
Today I traded in and out of a half dozen, maybe more. I’m also just buying them now without any due diligence or even thought. I simply glance at one and accept its existence and then I buy it. I expect to sell all of my purchases for a minimum of 10% higher.
Today’s big winners were STPK and HCCH. But they’ll be plenty more. Literally nothing can stop it and I hope you’re all paying attention to the GREAT SPAC ATTACK OF 2020.
For the week, I was +7.1%.
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