09-09-2021, 10:24 AM
Most of the SPACs are going to end in a pile of smoldering stock ashes within a year or two. It's mostly just venture capitalists end running the IPO process and dumping topical tickers for the speculators while heavy gambling is in style. There are some future winners in the bunch but most of them have flakey things going on in the financials. Doesn't stop them from getting hyped on social media. I just play a few bottom bounces and don't stay too long. PLTR is one with a chance, but they do have some employee stock compensation programs that raise eyebrows. Really do need a rough market to get them all priced properly. Until then you could lose half your money in a week after you bought what appears to be a good dip. This is one part of the market that very much looks like 1999.