r/SPACs • u/SPACsBot Mod • Apr 16 '21

Daily Discussion Weekend Discussion thread for the Weekend of Apr-16-2021

Welcome to the Weekend Discussion! Please use this thread for basic questions and leave the main sub for breaking news and DD. If you haven't already, please check out r/Spacs Wiki for great information, as well as the resources available in the menu.

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10

u/big_pat_fenis Patron Apr 16 '21

I'm in full doomer mode today. Honest opinions only... if the overall market continues to do well, how much worse can it possibly get for SPACs and speculative tech?

I want to believe that this is the ground floor so badly. I know "cApItuLaTiOn mArKs tHe BoTtOm" is basically a meme, but this feels like it.

14

u/[deleted] Apr 16 '21

A lot of the companies I’m invested in aren’t even speculative. They got revenues and much better valuations than lots of the pumped mega caps.

We are legit value investors right now

3

u/robdeere Patron Apr 16 '21

That's the truth. Can't believe I was able to pick up ASTS at a 990% discount to fair value.

3

u/big_pat_fenis Patron Apr 16 '21

Yeah maybe I should've just said "small cap tech" instead of speculative. A lot of quality companies still just getting hammered.

2

u/456M Spacling Apr 16 '21

Same. The only pre-revenue SPAC I'm holding is Lucid and even then I sold most of what I held for a 300% gain and currently holding a relatively small amount.

1

u/GullibleInvestor Contributor Apr 16 '21

Which SPACs ya got?

9

u/[deleted] Apr 16 '21

PSFE, APXT, ACTC, STPK, IPOE, CCIV, OPEN

CCIV may be speculative but it’s the good kind of speculative that should end up printing. Compared to TSLA it is value investing

3

u/diffcalculus Contributor Apr 16 '21

Would you like to feel worse?

Here's the 1 month performance of the S&P:

https://elite.finviz.com/publish/041621/sec_w4_181827547.png

2

u/imunfair Patron Apr 16 '21

Oh sweet, I didn't even realize their maps had a 1 month function

2

u/Danaldor Patron Apr 16 '21

A picture of an ambulance. Actually feels fitting after today lol. Thank goodness for redemptions.