What I Am Buying Today.

[bankerboy]

(11-05-2021, 04:06 PM)fenders53 Wrote:

(11-05-2021, 02:49 PM)crimsonghost747 Wrote:

(11-05-2021, 01:57 PM)fenders53 Wrote: The SPACs annoy me more.  Most of them had no other purpose than to enrich early investors.  They need to excel for years to make today's price work.  They can still run if the market stays bubbly.  Mostly they get bought up because they crashed 50% so they must be a good deal now.  Maybe so until the market gets critical when they dilute again in a bearish market. A few will excel and most will trade for three bucks in a few years

Yeah in general these have been absolutely awful deals. 
Black rifle coffee is also going public through a SPAC. I would definitely be interested in owning it. But the SPAC looks to me (there is very little info right now) that it's just basically an instrument for pouring all the money into the pocket of those who already own shares.

I highly recommend anyone who buys to keep it light until they listen to a few conference calls or deep dive reports.  I've owned like four of them briefly and something shady sounding is normal.  Some very creative dilution is normal.  You are wondering when the thing might turn a profit and they are gifting a million shares to a favorite attorney for undisclosed reasons.  Some of these are going to blow up really bad.  They knew 2020 was the time.  A dirty investment banker would be scared to launch a real IPO.

Agree, Spacs are garbage IMO. Too many folks get sucked into them and spit out poorer.


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