By - karmalizing
We're due for like 10 DA's Monday.
NGCAW with a Lil dippage, got a small order filled
why is AGC running - I sold my position a while ago b/c dead money
I do like GRAB but merger date has not been announced
AGC up to 11,55 AH? 😩
SGAM 🚀 today as people rotate from DWAC...Change my mind...
1.5 million share float people...
Give it time
I bought 8 more Dec AUS 7.5c at 2.5
Omg i left 115k on the table
seems legit. Wish I had more money on IBKR to double down at 10.5.
I left my car keys on the table once. Luckily still there when I went back.
quite an experience for you
Trump = Trevor Milton at this point
Please consider how it will feel to tell your spouse you bought DWAC warrants at 19 tomorrow,109 hours before the Donald pulled the deal, with their entire Roth, and in 9 years to inform them that you sold their 100% ASTS Roth to do it.
I think what's gonna happen tomorrow aka fomo friday:
1)DWAC pumps/hold into openning
2)immediately fall off a cliff after 15 minutes
3)Keeps dipping the entire morning + but starts creeping back up earliy afternoon
4)Pumps into the close potentailly going back up to $60
Obviously nobody knows what's gonna happen but that to me is the most likely scenario.
Hedgies control the price
If it pumps it’s going at least 100% into close imo.
How many halts in power hour?
At most 12 😉
Just want to mention that just because we aren't removing every obnoxious comment per se doesn't mean we aren't banning plenty of people today for incivility, name-calling, etc.
Lots of 30-day and permanent bans being handed out, depending on egregiousness of the comments and previous quality of contribution here... and I'm sure it will continue for a few weeks, so please bear with us.
Jeeze thank you. Didn’t know how crazy it was getting.
Thanks for all your hard work! I’m sure if the ticker is banned at the other sub, we’ll be seeing a huge inflow of new posters.
I’d much rather keep the daily on other SPAC news. I know it’s exciting, but nobody wants this sub to be one note (like the CCIV mania).
Appreciate all your efforts!
One of the best days here
I mentioned psth once today.. please don’t ban me papa
Once again I propose our one true queen u/Fuck_CCIV be first of all modded, well deserved btw, and offered full amnesty and granted the ability to custom flair all members of r/spacs.
I truly believe such an appointment would bring about an incredibly entertaining time, the best reading on the internet, maybe of all literary history.
We allready got that
I think 80% chance DWAC goes over $100 tomorrow. People are looking at GME as a model and are much less willing to sell out early. Also, this is arguably getting more attention, just look at the volume: the absolute peak GME volume was 200M shares traded, whereas DWAC hit 500M shares traded today on just Day 1.
Not trying to pump (obviously 20 people viewing this comment isn't going to move this)
Would you go so far as to say 100 ..or bust?
Here comes the $100 pts… I’m getting cciv flashbacks
C'mon, you're kidding yourself by comparing this to CCIV. It's definitely transcended beyond that and is coming for GME, which is still at $180.
The craziest thing is that TMTG isn't even a real company. At least GME and CCIV/Lucid are actual businesses.
Does it matter? Dogecoin...
I think this year has proved nothing actually matters
I agree w you, but just curious where you got 80% from?
Lol just a % to express a high degree of confidence
Trump's SPAC goes parabolic & Alec Baldwin kills someone.
Today's been a \*&$\^[email protected]< weird day.
What the hell, yeah it looks like Alec Baldwin was filming a scene and they gave him a live gun instead of a stunt gun?
I have to say though (this is terrible but funny), when I heard Alec Baldwin killed someone I was more surprised that it was accidental given his well-known insane anger management issues.
What a weird situation. And how did he manage to shoot 2 people?
You're smarter than me
We live in a simulation
So, anyone who understands CBOE rules, when does trading for DWAC options start?
Can't wait for the popcorn.
Needs to be enough demand from institutions. No way to know really.
+1. I'd like to know as well.
I think it’s time for Gores to take back the SPAC king crown from this new upstart fella. GIIX and GSEV DAs tomorrow!
Is there an AGC merge date?
Not yet, should be announced any day now. I’m loading up more every day, you can find it below $10.30 if you’re patient on a low volume day
did anyone buy DWAC warrants yesterday or this past week - looks like they were around 50 cents
so for $500 in warrants yesterday, you could have made $26,000 (includes AHs) in profit
I’m asking myself the same question.
I dreamt about it last night.
Meanwhile, MNTS still above fucking 10!!!!!
For all the DWAC people who arrived today...
Play just DWAC, don't look into other SPACs to find the next lottery ticket.
Trust me, I've been stuck here ever since I got hooked in with CCIV 🤡
Once you spac you don’t go DWAC- I mean BWAC- I mean back
[Today I found some nuts to store for the winter](https://i.imgur.com/c4J4teV.jpg)
I guess we have a winner.
Casual $1.2M gain. Oh man ...
Squirrely but have nuts of steel
It was you handing out golds like candy earlier, wasn't it?
nope, not me.
Did DWACW set any kind of record today? If you count AH, it went up about 4000%
This is why I'm in pre-DA warrants. I didn't get this one, but hopefully I'll get the 'next' one.
Isn’t there like 100+ pre-DAs? And if you only choose the quality teams then you would’ve misses this one. That’s why I’m not interested in pre-DA. It’s not possible to guess which will hit it big and there’s just too many to buy
There are 300+ (some with rumor, some no warrants). I have 30+. So that is a 10% chance for any single DA. I've had plenty of hits, it's a decent strategy that requires a lot of patience and a fair amount of luck.
Doesn't pay as well as it used to 8 months ago, but it's still pretty good.
does it beat s&p returns though?
I'm not sure if you can do it on DA pops alone anymore. I'm also holding quite a few post-DA. If in 5 years they double, that's above market returns. Mix in a few huge wins like CCIVW, SOFIW, IPOBW, PCTTW, ASTSW (all of which I had pre-DA) and that more than pays for the ones that will (eventually) be worthless or a big loss.
Yeah is hopeful and discouraging at the same time
I hear ya. I think quite a few regulars use that strat. Unfortunately I don’t know how to evaluate management and don’t really have the patience either.
If DWAC brings new blood and attention to SPACs as a whole, maybe things will start moving again
The other thing to add is I'm not just in it for the pops like this. I'm also holding quite a few post-DA. If in 5 years they double, that's above market returns. Mix in a few huge wins like CCIVW, SOFIW, IPOBW, PCTTW, ASTSW (all of which I had pre-DA) and that more than pays for the ones that will (eventually) be worthless or a big loss.
Casual 40 bagger… if you had 10k in it it would be 400k 😰
I don’t even know of a penny stock that went up that much in a day.
Trying really hard not to think about it. Reaaaaally hard
SPAC chatter is coming back and there is hopium.. too soon to talk about PSTH?
let’s never talk about PSTH ever again
Or Bill Ackman
yes, the con artist well. no mentions of BA
scorned former psth holder
Celebrity SPACs are truly something. If Elon created a company that would use proceeds from a SPAC's cash in trust to invest in Dogecoins, I'm pretty sure it would go to $30+
Not the Shaq SPAC tho lol…but I guess it did have a few good runs
I emailed NVSA investor relations a month ago and got no response. I’m down 13% with only 100 shares in. I don’t think they’re actually looking for a target and Dennis Muilenberg wanted to ride the spac wave. Should I sell it and put it in IPOF? I already have 150 shares of IPOF and would think Chamath is actually looking for a target. Thoughts?
Do you watch Chamath's podcast? On the latest episode he talked about how the impending inflationary concerns spelled very bad times ahead for him and his friends who are very risk-on, growth company investors.
I would hazard a guess that this would mean Chamath would have a hard time securing PIPEs without big sweeteners, ergo harder time nailing DAs.
Hmmmm. Maybe I’ll just sell out of NVSA and put it in VTI instead.
The opportunity that was present today is going to haunt me for a while, like not selling cciv at 65 haunt.
I’m retrospect it was so obvious, all this loss in dumbass spacs has made me so timid.
I made 3k today on it but wow what a fat missed opportunity. Basically a 2nd chance at CCIV 😔
Now I have this not so strange itch to yolo way too hard into net puts
U said that you made 15k earlier 🤡
Ya I bought back in and sold at a loss lol
Don’t stress on it, $3k is better than nothing. I wasn’t gonna invest because I hate Trump. But from an outside perspective it was a pretty damn safe upside bet anywhere up to $14 to scale in fat enough to make life changing money. $14 to $20 it was still upside but if it yanked back to NAV it would be a big sting to the portfolio. Anything after $20 is pretty damn wild and honestly playing with fire. It’s not sustainable.
If you would have woken up at 6:30 for opening bells it probably would have been an easier call for you
I saw it at 12.50 in pm and thought the risk wasn't worth the reward so I set a bit for 10.05. obviously that never hit.
Not just CCIV, but GME. Sorry that probably doesn't make you feel better though.
I had 25k in GME at like an avg of 23… think I sold it all to get into GIK 🤡
I had AMC at $6 & ran to my computer to sell when I woke up in the morning & saw it was at $15. (West coast)
Moved that to FUSE/ML warrants at 2.75. lol
Seeing the ticker GIK just gave me PTSD
Folks, I can't wait for this weekend's batch of SPAC memes!
The Trump meme fest awaits!
Assume options open soon, think puts are actually a good idea with the high likelihood of IV crush?
they will be out of this world expensive. no
surely we all have 1000% gains from YOLOing on DWACW to cover a measly price of a put
yes, we all played it perfectly. It's also about just wasting your money, unless you're buying it for insurance in which case that could make some sense.
Really depends on how crazy the IV is. I would probably buy deep ITM if I can afford it… lol
Short volume is 166,000,000 or 5x the entire float.
I don't get the point of this metric, so 8% more executed on the bid instead of the ask, it just tells me this stock was traded a lot?
Short volume is total number of shares shorted today.
As you can see from it being 5x the float it bears no relation to short *interest* which is the important metric.
Short volume does matter. It creates artificial supply.
Short interest is based on 1970 regulation and the brokers etc don't have to report all kinds of modern day stuff associated with shorting. Its old and archaic metric thats not accurate.
Not really. It doesn’t tell you how many already covered…
Its not about short squeezes. When there is more supply than demand that is bad for longs (eventually).
Short volume means nothing.
On the contrary. In this case it means a lot.
1/3 of volume were shorts, that's 180M shares shorted. Big question now is how much of that was covering, and how big is current SI. Worst case scenario for shorty if 0% was covered current SI might be over 500% dwarfing GME. If 80% was covered it can be 100% SI.
Someone with Ortex access should check that because this might get so much more wild...
i’m going to drown my sorrows in another game. metroid dread or ori?
Starbound is pretty underrated, if you haven't seen it before.
Things are stirring hard with AGC, that stock is waiting to pop off.
Got into AGC yesterday.
I hope some peace and calm returns to the daily once DWAC settles down at NAV or at 100 and we can return to discussing boring old spacs
WE'RE GONNA BUILD A BIG, BEAUTIFUL SPAC TRUST!!!
AND WHO'S GONNA PAY FOR IT???
Welcome back, but the Taliban is obviously funding this deal. They were prominently featured in the presentation.
What are the chances SGAM becomes the AMC to DWAC's GME?
AH price action pretty bad, but hoping that it's just conservative profit-taking before the big DWAC move
Agreed, but I do think it has some room to run
oh yeah maybe a day or two but implying it will be like amc is implying it will stay inflated
I think SGAM is poorly understood--most people discard it without even looking into the financials or the digital/streaming areas they are successfully investing in. At $10, it's trading at a P/E of 2.5 based on 2019 or 2022 financials. 2020 and 2021 saw dramatic declines in new movie releases and the revenue dropped accordingly, and yet, they still manage to have a P/E of 10.
All that said, I wouldn't use the word "inflated" for this one.
Just tell me if me buying warrants at $1.50 was smart or dumb
I'm pretty sure you'll be able to sell for a profit, but then you're faced with a tough decision to go 💎 or 🧻
Quite sad that this board will now be non stop Trump talk from both his supporters and haters for months now. Hope the culture doesn’t change.
I visit this board multiple times a day to read the great posts.
I think this board has been surprisingly constrained in terms of not turning it political. Most of the times people just talk about the price action and only occasionally link it to actual political issues.
ehh this sub also gets shit pretty quick, i would be shocked if we talked about anything more than 3 days
Make some posts that don’t do that then instead of hanging on the sidelines.
Guessing if the comments continue like today it might get its own thread
Just report posts that are shilling politics, it’s against the subreddits rules and is divisive.
Fuck even just a measly 30k in it would be so little downside at 11 or 12
Abd would've been worth a shit ton by now
Fuckkk I feel horrible.
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So many novice trader Trump supporters are going to lose so, so much money after buying in with their life savings tomorrow.
So many smug liberals will be scoffing while this keeps running for a week.
That's what they said about GME as well 😆
Isn't this what was said last night
DWAC is the craziest and most absurd thing I've ever seen in the stock market.
I didn't think anything could Trump GME
Retail/investors might screw thenselves over on this if price holds. Like with CCIV, pushing the valuation up. I wouldn’t be shocked or blame him if they renegotiate. Though, valuation may not mean much on this one..
This one had a valuation?
Isn’t it weirdly written but basically $1.5 billion?
If Trump n his team are genuine about building what they set out, they need a much bigger trust and a PIPE imo.
Trumpsters have arrived... rip /r/spacs
Someone ban that guy, look at his comments.
"stupid Marxists" pack it up boys sub is dead
Just report him, can’t shill politics he’ll get axed. I got a stern warning earlier for anti trump stuff, and the mods were right. Mixing politics in this sub will ruin it
I'm considering starting a new sub for a different breed of SPAC people. The idea would be something along the following lines:
>A place for people who got involved in SPACs not with hopes of buying the the next SPCE but the next SKIN. For people who got into SPACs not to 'ride a wave' but because of the unmatched risk-adjusted returns they've offered. People not looking for momentum but looking for value.
I don't have a real bone to pick with the momentum or meme crowds, it's just not in my blood *at all.* And I think it would be constructive to have a little place where people of my ilk can share thoughts and ideas, as well as make critiques and question assumptions.
If anyone is interested, let me know and we can make this a reality.
I love this idea. I miss the days of super solid DD everyday, break downs of teams and who they could possibly target (granted there are way to many now) and folks jazzed on companies that actually make money today. u/Peanutbuttarari would be about it I'm guessing.
Thanks for taking me man. I’m super down for this.
What if I'm a part-time opportunistic SPAC gambler but also a part-time fundamental SPAC investor - woukld your sub be open to such people who have "dual" interests?
Absolutely! I'm guilty of that myself for sure.
Lol then I think you're on the right track opening your sub. I would probably like to visit it for deep/critical discussions, while I'll visit this sub to post memes and random comments on swing trades 😅
Sounds good! And yeah plenty of great stuff to be found here; I'm sticking around for sure. Just want to spend more of my time on Reddit with people who share my approach for the most part and can offer more helpful insights, analysis and criticism.
I would if I meet the standards lol
LOL no standards per se, but if there were I'm sure you'd meet them.
Just imagine the internal drama we would create with 6-24 month bag holders digging in. Cancel that HBO subscription and buy another share every month. The entertainment is free.
I'd check it out.
This other one always has all the relevant news. Not sure what it would take for a daily/weekly thread over there but that'd be nice.
Problem is I'd still have to come here for Impactextreme and the occasional warrant at atl comments.
For sure, I could not go without u/Impactextreme.
It'd just be a small sub with more curated, in-depth discussion and much less overall volume of content.
I'll get working on it.
holy crap we got a mega thread going on a ticker again. it’s been a while.
all i have to say is…..
lol damn missed that chance
I ran a hell of a work conference from 7am-9am and all it cost me was *everything*
Will never financially recover from this.
I guess in hindsight I am an idiot for not jumping on DWAC on premarket. Trump = meme status and spacanpanman tweeted saying he got warrants at 1.87. All signs pointed to massive pump. Oh well, another one missed
Also it's a vaporware company with no Financials. Those always run the most
Nikola and Lordstown muttering to themselves "we could have done this without financials?"
So...basically your best bet is to be a meme+momentum trader and hit it big.
And if you lose all your money you just try again.
And if you keep making the wrong bets and losing then you're *really* fucked, but ehh, at least you tried.
Worried how you're gonna survive in retirement? Don't, just become a professional gambler! It's like Squid Game, except you don't have to die so quickly!
Or going massive on conviction plays. +40% returns on stocks like SoFi in last few months when it was so obviously not gonna hang around $13/14
I think it’s bad habits to chase the meme. May see some wins but ultimately your losing fundamentals that are important for long term financial success
I've seen too many "conviction" plays turn out poorly. Sure, it works out for some, but I just don't feel like this entire YOLO environment is good for the majority of the people. It's a symptom of problems and it's probably exacerbating them.
This was always the case with spacs.
You think ride went to $30-40 on fundamentals? Lmao
Realistically, you could enter moonshots like this and set a 10-15% stop loss, and it wouldn't really matter as long as you managed risk / position size; you'd still profit even if you had an abysmal win ratio.
New strategy for me, I think. Why even bother with financials when things like this happen.
This is what I’m realizing. You either have to get lucky with a company you did DD on (LOL!!) or just play momentum and pump and dumps for a day or two.
I'm like 90% index funds and 10% YOLOs on random meme stocks. It's working out for me so far.
You know, I get bummed seeing this crazy price action and sitting on the side lines. But then I know deep down that I would have never had the balls to hold warrants until $20+ lol. I would have sold that shit at $3
Same for me, I’d take on all that downside risk and pull the ripcord at like 45% gain lol
I specifically remember seeing it at $1.90 premarket and saying “damn nice DA pop, that’ll sell off at market open” boyyyyyyy was I wrong lmao
I bought warrants on a drop at 6.53. Went down about 20% promptly after lol. I was happy to sell at $8… just before it shot to $10+ lol
Hey at least you got in on the action a bit! Congrats!
is SGAM floor gone?
Yes, but very small float after 89% redemptions
Isn’t this backstopped for up to 3.5m shares? Just on my phone but looks like that would leave around 1.5m shares. Plus full backstop, so 5m? Or does the backstop not go into the public float?
The backstop just pegs the minimum share count at 25% float, however it appears that the 14% backstopped shares are locked up for a year, so it's still 11% float even with the backstop.
Oh thx for the explanation. I had just read that in an article and didn’t know the details.
Sorry don’t know if this was posted already but Solid Power CTO is going on a conference to talk how all-solid-state batteries will influence energy storage solutions in the coming years. For myself I thought they were just focussed on Battery Tech. Pretty Bullish is they go into ESS as well.
They stay very busy!
Hopefully this hold pays off. I don’t really have any doubts in the company just the market.
Dwac underwriter is actually a con artist.
DWAC target is also a con artist.
And sponsor.... probably all golf buddys
If the ceo of DWAC is smart, he rushes the BENE DA to take advantage of the current sentiment.
Plz god just bought warrants friday
I posted this BEFORE BENE exploded. Zero chance a DA makes the stock go up now. ECombustible is sketchy at best. With an actual DA, people would have something to assign a valuation to and I don’t think it would be favorable to BENEW.
Yea im betting on dwac hype to pump bene, i missed gme but got in on amc same scenerio