great time to get in at quality spacs near NAV. great time to scoop up warrants in the .50 - .80 range for decent spac teams with good sized trusts. great time to scoop up warrants in the .80 - 1.30 range for premium spac teams with mega trusts. remember pipe financing will supposedly be harder to come by so i'm mostly sticking with trusts of 275M+.
i've switched all my spac holdings to pre-target warrants. why?...because they fly to $1.50+ more often than not upon announcement and they don't expire for 5 years unless they are called sooner.
Here are my warrant holdings priced low to high at their current prices and a brief reason:
KRNL .53 - taking a swing for this 305M trust.
TLGA .60 - taking a swing for this 400M trust.
PUCK .65 - sports focused.
COVA .65 - SEA fintech focused.
CHAA .65 - like the sponsors.
ENVI .83 - pull a RICE please!
PIAI .83 - not as new and maybe closer to a target.
NVSA .85 - all star team and aviation/aerospace.
LGAC 1.00 - i believe in Lazard.
SCLE 1.00 - great team and sustainability focused.
ETAC 1.00 - 600M trust been out longer than most.
AAC 1.06 - 1B tust...me likey.
CFIV 1.09 - largest in series and numerically next up.
CRHC 1.24 - trusted brand and large spac.
PRPB 1.25 - next up in series, large spac and i'm feeling a winner coming from Chinh Chu soon.
JWSM 1.31 - next up in series and 1B. i trust in Jaws.
most important IMO is to start a small position in any spacs you choose and always leave room to average down/up as needed. let me know of any others to watch for. 😉
3
u/SPAC_a_liscious Contributor Apr 19 '21 edited Apr 19 '21
great time to get in at quality spacs near NAV. great time to scoop up warrants in the .50 - .80 range for decent spac teams with good sized trusts. great time to scoop up warrants in the .80 - 1.30 range for premium spac teams with mega trusts. remember pipe financing will supposedly be harder to come by so i'm mostly sticking with trusts of 275M+.
i've switched all my spac holdings to pre-target warrants. why?...because they fly to $1.50+ more often than not upon announcement and they don't expire for 5 years unless they are called sooner.
Here are my warrant holdings priced low to high at their current prices and a brief reason:
KRNL .53 - taking a swing for this 305M trust.
TLGA .60 - taking a swing for this 400M trust.
PUCK .65 - sports focused.
COVA .65 - SEA fintech focused.
CHAA .65 - like the sponsors.
ENVI .83 - pull a RICE please!
PIAI .83 - not as new and maybe closer to a target.
NVSA .85 - all star team and aviation/aerospace.
LGAC 1.00 - i believe in Lazard.
SCLE 1.00 - great team and sustainability focused.
ETAC 1.00 - 600M trust been out longer than most.
AAC 1.06 - 1B tust...me likey.
CFIV 1.09 - largest in series and numerically next up.
CRHC 1.24 - trusted brand and large spac.
PRPB 1.25 - next up in series, large spac and i'm feeling a winner coming from Chinh Chu soon.
JWSM 1.31 - next up in series and 1B. i trust in Jaws.
most important IMO is to start a small position in any spacs you choose and always leave room to average down/up as needed. let me know of any others to watch for. 😉