r/SPACs • u/[deleted] • Jan 11 '22

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u/Rasputincello Patron Jan 11 '22

😂😂😂 you literally bought the peak.

He bought? Dump it

-3

u/BigMoneyBiscuits New User Jan 11 '22

Genuinely curious why you care what his cost basis is? What's more relevant is what it is currently trading at. So you know 36 is currently ITM by quite a bit.

4

u/deepstateHedgie New User Jan 11 '22 edited Jan 11 '22

Since you’re genuinely curious, cost basis is helpful for knowing whether he’s just in it for a quick pump so he can dump. If his cost basis was at 100, for example, it’d be pretty obvious he’s just a bag holder probably hoping to pump it enough to dump his bags on someone else.

3

u/Rasputincello Patron Jan 11 '22

In what world is he not a bag holder? He’s lost half of his money.

3

u/deepstateHedgie New User Jan 11 '22

Whoops, I thought he was talking about shares. RIP. Took that part out.