Trading week of December 21, 2020

Maverick 01:57 AM - Dec 21 2020

I've got no major updates from my previously posted watchlist - https://stonks.chat/group/1/posts/72

$PIC has its merger vote on Monday.

$NGA continues to be my largest position, I'll be sitting on it for a while though (Feb/March)

$RMG final week of trading before merger vote on December 28.

AJAX came up in research this weekend.

$TPGY - hoping this one comes off a bit. It went crazy on merger announcement of EVBOX. Months before merger though, so there's time for it to cool off.

$SOAC - are you ever going to announce something?

Reminder: US markets are closed half day on Thursday (at 1p EST) and fully closed on Friday.

Mentions: PIC NGA RMG TPGY SOAC

Comments

Maverick - 3 years ago

$RMG and $NGA on absolute fire today. Both popped big.

$XL went insane today, the day after its ticker changed. Loving the post-merger pops lately. Encouraging for SPACs since that was the thing everybody had come to fear about holding.

Maverick - 3 years ago

$RMG new piece of DD I hadn't noticed before - stonks.chat/symbol/RMG/posts/3...

Maverick - 3 years ago

$PIC did good things for SPAC sector today - that's a big move on a merger date. I'm interested to see how it trades over the next 5 trading days. If it dips and then moves higher - this is very encouraging for SPACs.

$RMG ticking along nice, marching up into that Dec 28 merger vote.

$SOAC made a little noise today. Look at that chart on the warrants, it's speaking to us. 👀

SPAC Central

Created By:	Maverick
Created:	Jun 21, 2020
Total Followers:	7
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SPACs ("Special Purpose Acquisition Companies") are blank check companies that have cash in them and are seeing a target to acquire. These can be fun because it's a 🕵️‍♀️ game of who they're going to acquire. It can be profitable if the target company ends up being something in a hot space.

Make sure to do your DD on management behind the SPAC, cash position, and target sector.