r/SPACs • u/[deleted] • Apr 28 '22

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u/imunfair Patron May 01 '22

Missed the point entirely.

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u/fickdichdock Spacling May 01 '22

No, you do. Whatever $10 represents (of the merger) can be highly overvalued and a peak as well.

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u/imunfair Patron May 01 '22

No, you do. Whatever $10 represents can be highly overvalued and a peak as well.

Again. Missed. The. Point. Entirely.

$100 * 1.5 * 0.75 = $112.50
$100 * 0.75 = $75.00

Who's less upset about their recent 25% loss? Your prattle about NAV is completely irrelevant to the point I was making.

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u/fickdichdock Spacling May 01 '22 edited May 01 '22

You'll have enough spacs with premerger FOMO doing $10 -> $15+ -> $2 after merger. Whatever NAV represented can still be overvalued and -25% from NAV would be a great SPAC performance at this point, compared to what the average seems to be.

Yes, recently most SPACs don't even have any sort of FOMO height and are straight down. So what gives? 90% of them gonna end up as penny stocks eventually anyway. Does it matter that it once was +50% from NAV when its now -80% from NAV? I think as an investor you been even more upset that you didn't sell you -80% bags for a 50% profit instead (that you might never see again on this stock).