SPACs are going out of style. Many of them are worse than junk bonds in the 1980's were. Regulators and the IRS have moved in and declared their warrants to be liabilities, not assets, which of course radically changes their alleged book values.
There are now many hundreds of these joke stock companies running around looking for something to buy.lol even if they find one they're going to be grossly over-valued from the competing bids from the other 500 SPAC's.
Vegas is opening back up, so why not gamble at games with better odds and you get the results immediately?
All you have to do is learn how to pick the good ones.
It is easier than you think
To make generalization and say all SPACs are bad is just foolish...
Whenever the crowd goes one way, I go the other and that is one way to achieve super performance.
I am confident in my picks.
I didn't say 'all of them are bad, I'm sure some degenerate gambler somewhere will make a killing of a few, but like most gamblers they will just lose it down the road.
" NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to 408.85.
It was the biggest single-day gain for a blue line since 1994.
"Even if you extend the blue line's big white box back many vertical lines, you won't find a comparably large jump," said Milton Vogel, a senior analyst with Merrill Lynch. "That line just kept going up, up, up."
The blue line, which had been sluggish ever since the red line started pointing down in April, began its rebound with an impressively pointy 7 percent rise Friday. By noon Monday, it had crossed the second horizontal line from the top for the first time since December.
....
"Typically, the blue line rises or falls no more than 10 in a day," said Beverly Hills plastic surgeon Dr. Jeffrey Gruber. "But Monday, it went up an astonishing 41–and during a time when we have a big red slice showing on our pie charts, no less. We live in a truly remarkable time."
NEW YORK–Excitement swept the financial world Monday, when a blue line jumped more than 11 percent, passing four black horizontal lines as it rose from 367.22 to 408.85.
www.theonion.com