Source
r/SPACs•
Wickerman3

looking for some worthwhile SPACs to get into early on

Ive got about $2k coming in and was looking to make some smart 3-6month plays (warrants, commons, or units if they are worth it) that i can earn ~50-100%. Ive got some prospects ive been eyeing such as : SOACw, PSTHw, SNPR.u, CCXXw. Im not going to lie, im somewhat new to trading but i've been reading and researching nonstop. I've made some bad plays in the past with shares so i want to now minimize my risk with near floor value SPAC's with huge future potential. Ive got about 80x shares of GRAF at ~$30 and 70x SHLL at around $51(going to probably sit on this till merger). I recently invested about 125 in PSTHw and about 200x in SNPR.u

If anyone has suggestions on the best route to go with my funds or new prospects that i have forgotten, i would greatly appreciate it. I'm not asking for a drawn out thorough DD (i enjoy doing that myself). I just need to narrow my choices so i can research tonight before tomorrow's open. Thanks in advance.

Posted Sep 15, 2020, 2:53 AM UTC

123
Parallelism09191989•

SOAC.

9
ICUstunner•

HCAC still pretty cheap

9
MHB380•

Soac is what I am buying

7
isaacmendita•

FMCI

4
Guh_Trader•

FMCI should file DEF14 by end of week. Warrants should pop 10% on that filing.

0
Wickerman3OP•

GRAF did the same today but they dropped 8% : /

3
sirvapedalot•

It’ll go up soon, just people chasing other news in the short term before the merger vote later this month

2
Monsis101•

You need to realise the life of a SPAC - this often happens, as the price climbs and mergers get closer many will grab their profit and run. Just stay in there and ride it out - the price should climb back soon enough.

1
Wickerman3OP•

from the prices im looking at, im likely to see a +4 in the next few days, which makes me think of dumping a bunch in graf warrants; unless theres another red day....if there is another one, i'll try to pull off a limit order at a reasonable price

1
Guh_Trader•

I didn't realize that. Buying more warrants in FMCI today may have been the wrong move. Guh!!

-3
Jay_are9•

$HCAC is still very low in my opinion

I personally bought warrants instead of shares

4
BarmeIo-XanthonySPACulative Investor•

well you bought the top on Graf and Shll, inverse yourself

3
[deleted]•

[deleted]

1
donib11•

😬

0
Captaingrumpytx•

Look into TRNE. Solid management, good tech, and it's sitting at $12 at the moment. I started investing in DPHC when it was in the shadow of SHLL. There wasn't a lot of buzz at the time. It had a slow start, but so far it has been a good run. TRNE reminds me of the same. The key is to get a good entry point, accumulate shares / warrants and plan your exit strategy. Best of luck 👊

3
[deleted]•

[deleted]

2
redshift95•

BMRG, SOAC and HCAC

2
josephviesContributing User•

Smart 3-6 month plays, I like the ccxxw you mentioned a lot. I would also say the TRNE play is probably my favorite for this timeline. I love Graf, fmci and shll as well, warrants are still a good deal with room to grow, but some hype could be potentially dying down by that timeframe it’s hard to say

1
patcarnig•

I'm putting my current profits into SNPRU, FIIIU, CCX and SOAC personally. Might have to wait awhile to see profits but all are good management teams and solid sectors. All are also basically at NAV. PSTH is tempting but I'm also worried that their target of a mature unicorn doesn't leave room for rapid growth like some of these newer younger companies we see going through SPAC's have.

1
xX_noscope_Xx420yoloPatron•

CRSA, FST

1
arcwhy•

MNCL

0
KamuraShops•

DPHC I exited SHLL and went in, already up 60+ percent, it feels faster than SHLL, it will blot out the sun.

0
redshift95•

“Feels faster” what do you mean?

1
KamuraShops•

It pushes hard against any resistance, the steps are shorter, and the climb is steady. SHLL was an emotional roller coaster.

1
gsp20•

Fmci Graf

0