Here is the rebuttal...also worth reading

https://bitcoinmagazine.com/articles...omsday-machine

I marveled over how risky SPACs were after some enlightening on this forum. I can now tell crypto has no place for my investing stomach either. Thanks for the articles.

I marveled over how risky SPACs were after some enlightening on this forum. I can now tell crypto has no place for my investing stomach either. Thanks for the article.[/QUOTE]

one reply big risk on SPACs is if you buy warrants that have been stripped prior to bringing the SPAC to market. If the SPAC cant bring a company to market...the money is returned to investors. If you bought the warrants ( usually a 5 year option to buy the stock at around 11.5) and the spac doesn't debut...u lose it all

Additionally on the warrants(more leverage,less money) there is usually a call provision. If the dpac comes to market and trades above 18 for 20 out of 30 days(nominally) the can be called.

I have 5 spacs that I gambled on 5 days ago...cumulative they are up 20%...risky ...yes..
rewarding...possibly

DYODD

Buyer beware to those on the ARKK train to the "Moon". Personally I would take some(probably most) gains here and diversify into more reasonably valued assets like Emerging Markets.

*Not Investment Advice DYODD


Cathie Wood Has Wall Street’s Hottest Hand. Maybe Too Hot. https://www.wsj.com/articles/cathie-...ot-11612544044

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If you have faith in a company stock buy it. Designer ETFs always loose steam at the point the "industry/peer group" has one apple turn bad.

See below...

MLG Capital
 

Curious if anyone here knows anything about MLG Capital? They’ve got a new offering going (Fund V) and are looking for investors. I heard about them from a couple of money websites I follow, Passive Inc MD and Physician on Fire Yeah, we all know about doctors and flying but there are some good doc blogs about money 😁 Here is PIMD on MLG Capital Fund III offering, Part 1 and Part 2 Here’s PoF also investing in MLG. Curious if anyone here has experience or thoughts on whether or not this looks like a good opportunity.

Anybody shorting RMO? Seeing it nearing the $11.50 warrant bound and analyst target of $12. Wondering how low anyone thinks this goes.

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! https://uploads.tapatalk-cdn.com/202...c6b33a07ed.jpg

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if you were dumb enough to sell it right now, yes.