Originally Posted by
Trip7
I know SPACs have been all the rave in this thread but just a fair warning on the dangers of speculative investing. I believe WKHS was talked about openly on here and I think one poster even said they toured the factory. Turns out they didn't get the USPS contract and the stock was taken to the woodshed.
Looks like a permanent loss of capital for investors and even deeper wound if leverage was used. Be careful out there folks. Stocks rapidly rising without fundamentals to justify the rise will eventually meet gravity, and the fall will be even swifter than the climb!
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For a good primer on SPACs, and why they're probably a very, very bad idea, head on over to Matt Tiabbi's substack and read this.
https://taibbi.substack.com/p/financ...ictionary-spac