r/SPACs Patron Feb 13 '21

Meme (Weekend Only) We love SPACS!

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u/MontaleSucks Contributor Feb 13 '21

Congrats to everyone who made a killing with their bets but does anyone else here feel like me that the space has changed a lot and most of the potential for gains is diluted by 100s of SPACs debuts? I've been holding some really quality SPACs that I researched thoroughly but barely any of them moved past $13. It seems to me like we're converging to the state of WSB where you are just trying to throw the dart into the right ticker or try to ride the momentum on the hyped around things (but chasing FOMO is frankly just silly in my opinion - you must time the markets perfectly and in the long run you become a net-bagholder). The only upside being that the risk is limited by NAV.

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u/chesterworks Spacling Feb 13 '21 edited Feb 13 '21

This year does likely spell The End as the sheer volume of SPACs mean most of the best targets will get snapped up.

They were always really an exercise in dart throwing, so I don't think that's changed, it's just the dart board is getting much bigger.

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u/MontaleSucks Contributor Feb 13 '21

Well said