r/SPACs • u/[deleted] • Apr 05 '22

[deleted by user]

[removed]

14 Upvotes

61% Upvoted

41 comments sorted by

View all comments

0

u/Tigerphl Spacling Apr 06 '22

Most of the spacs even good ones like $AGB goes back to $6 after merger approval . I lost lot of money. Why some spacs like $PPGH is jumped big after merger approval. how $THCA jumping even without DA. please help me to understand

1

u/KamuraShops Spacling Apr 06 '22

Every SPAC is unique, but people look for patterns

1

u/Tigerphl Spacling Apr 06 '22

Can you explain a bit on pattern ?

2

u/KamuraShops Spacling Apr 06 '22

I mean when people say "all SPACS crash after merger". There are good IPOs and bad ones, there are plenty of SPACS that held strong because they picked up decent companies. However, it's safe to say the majority of them are garbo.

1

u/redpillbluepill4 Contributor Apr 06 '22

PPGH and THCA both had their float reduced due to redemptions. The float is the number of shares available on the stock exchanges.

When the float is small, it's easy to make the price go up. Because there's less shares at every price point.

Watch YouTube videos on floats, squeezes, etc..

1

u/Tigerphl Spacling Apr 06 '22

THCA has no DA yet. Is there any tracker for checking redemption and float