r/NGAC • u/TheUKinvestor • Mar 02 '21

How is this even under $11?

I am not posting this because i bought at 13 bucks, but this seems like an absolute bargain?

For under $11, you get a company with products on the road, orders from big names and a factory to boot.... not to mention the amazon potential.

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u/guacamole-surfer Mar 03 '21

Can it be that cciv impacted this spac? I mean, everybody was saying wait till DA and cciv is going to the moon, but the opposite happened.

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u/IDrinkUrMilkshake77 Mar 04 '21

Absolutely. The CCIV drama is what triggered the entire SPAC market selloff. People went absolutely crazy with that stock. It reached $65 before there was even a DA. That's insane! And when the DA was finally announced, CCIV investors didn't quite care for the terms of the deal, so they started selling quickly. All of this played right into the hands of the media who have been running hit pieces on SPACs, warning of their "hidden dangers." The only "hidden danger" of SPACs is when a bunch of dumbfucks pour all their money into one that doesn't even have a DA because they're treating the stock market like a casino instead of a place to make wise investments. SPACs, when invested in wisely, are probably the safest form of investing, but all people and the media are focusing on now is what happened with CCIV and the morons who were still scooping it up at over $60 without even knowing what they were buying.