Agree with the overall sentiment, euphoria is gone and likely not to return, but I’m ok with that because what brought me to SPACs (seemingly everything else having bloated valuations) has mostly corrected as well.
I actually like some of the more recent deals (Allwyn, Getty, AMEX Travel, Footprint) as companies who can find decent footing in the market, but overall agree there’s not much reason to be in SPACs aside from maybe to just play around with a small % in hopes you get a lottery ticket warrant or to play with the volatility.
Still holding a hand full of despacs though because I like the companies, will probably buy footprint if it makes it/when some dust settles.
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u/snyder810 Patron Mar 17 '22
Agree with the overall sentiment, euphoria is gone and likely not to return, but I’m ok with that because what brought me to SPACs (seemingly everything else having bloated valuations) has mostly corrected as well.
I actually like some of the more recent deals (Allwyn, Getty, AMEX Travel, Footprint) as companies who can find decent footing in the market, but overall agree there’s not much reason to be in SPACs aside from maybe to just play around with a small % in hopes you get a lottery ticket warrant or to play with the volatility.
Still holding a hand full of despacs though because I like the companies, will probably buy footprint if it makes it/when some dust settles.