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A new SPAC, great potential, risk vs rewardAll SPAC IPO's have seen great gains before they even merge. This one is a company that was founded in 2004 in silicon valley. It supplies field programmable gate arrays, the electronic components used to build reconfigurable digital circuits for use in 5G equipments and cloud computing. Among its competitors are Intel Corp. and Xilinx Inc. It is a great play and the consolidation is almost over as you can see the declining volume. You may enter with a small position and keep an eye on it. There is no guarantee will touch support but if it does you can increase your position there. The upside if patient will pay off. I am not a financial adviser and this is not an advise to buy. Disclosure: The writer has a position open in the company.
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by w0nderw0man
CIIC - Watching for Breakout to New HighsCIIC - Watching for Breakout to New Highs ______________________________________ ENTRY = 27-30 1st Target = 618fib @ 32 2nd Target = 786fib @ 34 HODL Target = 40+ ______________________________________________________________________________________________________________________ This content is for informational, educational and entertainment purposes only. This is not in any way, shape or form financial or trading advice. Good luck, happy trading and stay chill, 2degreez
CLong
by UnknownUnicorn7216011
$CLOV Forming a Falling Wedge Prospects for a Breakout Imminent$CLOV is a health Tech company that is targeting to disrupt the traditional insurance companies. It targets to provide lower health care costs to seniors using medicare plans and provides cheaper coverage and reducing costs by 20%. This is a recent SPAC merger from chamath's famous IPOC (Social Capital Hedosophia Holdings). Its merger was approver & it started trading on Jan 8th 2021. SCH (social capital) has a series of well known SPACs - SPCE (Virgin Galactic), OPEN (Open Door). This is a third popular merger in this list. Since its debut it's been spiraling towards the bottom trying to find support. Looking into the chart patterns the downtrend is forming a falling wedge pattern. Once it breaks out of this falling wedge, then the immediate level of resistance are highlighted in this chart (R1, R2, R3). Once $CLOV is able to clear these levels (which i believe is going to need some catalysts in form of analyst targets & positive news on medicare age reduction) this stock is easily $20+ by Feb.
NASDAQ:CLOV
by OnlyLongs
3
EV Startup Faraday Said in SPAC Merger Talks to Go PublicEV Startup Faraday Said in SPAC Merger Talks to Go Public Faraday & Future Inc., an electric-vehicle startup, is in talks to go public through a merger with Property Solutions Acquisition Corp., a blank-check firm, according to people with knowledge with the matter. The special purpose acquisition company is seeking to raise more than $400 million in equity to support the transaction, which is slated to value the combined entity at around $3 billion, the people said. As with all deals that haven’t been finalized, it’s possible that terms change or talks fall apart. A Faraday spokesman didn’t respond to multiple requests for comment. A Property Solutions representative declined to comment. Los Angeles-based Faraday, led by Chief Executive Officer Carsten Breitfeld, was founded by Jia Yueting, an entrepreneur who in October 2019 filed for bankruptcy in the U.S. after running up billions of dollars in personal debt. His efforts to build a business empire in China spanning interests from streaming to TVs saw him borrowing against pledged shares, leaving him on the hook for $2.3 billion in claims, according to the filing. The ranks of automakers seeking to compete with Tesla Inc. in electric vehicles are heavily populated by Chinese startups. Investors were gripped by a mania for all things related to EVs in 2020, boosting Chinese car company Nio Inc.’s valuation. www.bloomberg.com
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by AlenCiken
1
SKLZ 1hr with moving average and supportOne of my new favorite SPAC plays - SKLZ. Skillz is an online mobile multiplayer competition platform that is integrated into a number of iOS and Android games. Players use it to compete in competitions against other players across the world (Wikipedia). SPACs are all the rage right now so it is important to know which ones are hot and which ones are not. Watch for the moving average crossover on this. Watch for this to hold the bottom support. Volume surge into next week possible. CATALYSTS - Skillz stock increases after Cathie Wood and ARK Invest purchase shares gamingstreet.com
NYSE:SKLZLong
by BradWeber82
SPACS research - 09 January: PIPP and SWBKAs always we will look at team, sector, hype potential and chart then decide on a position size. PIPP This just opened for separate trading as of 07/01/2021. I was recommended this one by SPAC Mikey on Twitter. * Strong financial services team - former Merrill Lynch / Goldman Sachs bigwigs John Thain and Phillip Cooper . * Searching for goverment, defense and aerospace businesses. * Big hype potential on this one due to strong team, sector and an empowered incoming govt. administration * Chart shows massive listing pump, then slow bleed. Consider laddering bids Strong yes, but with the proviso that they're still searching (no Def agreement) so could be a waiting game on this one. I'd be tempted to set a couple of bids and see if I can buy between 10.30 - 11.00, but equally 11.00 could be the new support and we climb to the 12's from here. Buy half a position on spot for 11.00 in accordance with my strategy - buy big in the 10-12 area for SPACs. Timeframe needs to be 6-12mths potentially. Try to buy other half of position via bids into the mid 10's. SWBK I can't trade this one yet, but expect to be hyped when more widely available to retail. * NGP and RPS Permian executives, second SPAC after wildly successful SBE Switchback Energy * Scott McNiel and Mutrie head up the team * Same target again - energy transition or sustainability * Hype potential, but important to remember they're still just searching * Chart's had initial pump/dump now trying to build a base in 11's Verdict: Yes, but buy in increments. Think this one will be a crowded trade. Set bids to get good average quarter position when this hits market if in 10-12 range and then see how chart develops. Additional thoughts You can see newly listed SPACS by going on SEC.REPORT and searching 'acquisition' IPO Scoop and their calendar is a pretty good resource as well although has mix of SPACs / IPOs Biggest problem for SPAC investors is that market is becoming diluted, a good sign we are mid-bubble. So capital allocation is going to become a problem. I either need to A) have many small positions and a few 100 pound gorilla positions, or B) simply be more picky and set a higher threshold of what I buy. Only have a dozen or so in play. For example INAQ Tempted to go with A) and see how that goes over next 8 weeks or so. Position sizing and risk management is everything. One advantage of A) is that it would allow me to buy more nominal asset value $10 SPACs in small pieces, and let those sit for 6 - 12 months until they pop. Nice low-risk low-stress trade.
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by theponzimaster
SoFi to Become Publicly-traded via Merger with IPOESoFi, A Leading Next-Generation Financial Services Platform, to Become Publicly-traded via Merger with Social Capital Hedosophia SoFi’s mission is to help people achieve financial independence by getting their money right, providing access to a comprehensive suite of services in a single app that empowers members to borrow, save, spend, invest and protect their money SoFi’s one-stop shop, multi-product strategy and leading technology platform, Galileo, place the company at the epicenter of the digital revolution in financial services Transaction values SoFi at an equity value of $8.65 billion post-money and is expected to provide up to $2.4 billion in cash proceeds, including a fully committed PIPE of $1.2 billion, and up to $805 million of cash held in the trust account of Social Capital Hedosophia Holdings Corp. V (“SCH”), in addition to a previous anchor investment from funds and accounts advised by T. Rowe Price Associates, Inc. that closed on December 30, 2020 The PIPE is being led by Chamath Palihapitiya, Founder and CEO of SCH, and Hedosophia, who are together contributing $275 million; top-tier institutional investors comprise the remaining $950 million of the PIPE, including funds and accounts managed by BlackRock, Altimeter Capital Management, Baron Capital Group, Coatue Management, Durable Capital Partners LP, and Healthcare of Ontario Pension Plan (HOOPP) SoFi delivered over $200 million in total net revenue in the third quarter of 2020 and is on track to generate approximately $1 billion of estimated adjusted net revenue in 2021, representing year-over-year growth of approximately 60 percent, and full-year adjusted EBITDA profitability. Transaction expected to close in the first quarter of 2021. www.businesswire.com
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by AlenCiken
SPACs research - 8 JanuaryIPOE ripping up is a reminder of how profitable it can be to get into SPACs near enough their nominal asset value (NAV). Let's get after it, find some hidden gems, smash it and secure some profits. I'm absolutely thrilled to be part of this glorious moment in the market. Today I am looking for promising assets that are at, or near, their NAV. I'm looking for: * A solid team * Hype potential - interesting proposition or sector * Near NAV * Ideally - definitive agreement in place Potentials LFTR * Targeting a big fintech product. CEO is former ETrade with a solid team, ex-Coinbase. * Could explode up if they snag a significant online trading site. In Post COVID world this sector can only expand. * Currently at 10.50 - NAV zone. Trading in tight range, building a base, looking primed. * Searching, no def. agreement in place as of yet. Verdict: Yes - full position. I'm bullish on the team and the sector, and it's at NAV. Let's get after it ESSC Weird one that I don't have a lot of information about, other than people saying 'stay away' on the interwebs. Chinese SPAC with limited information. Could be worth a quarter position at NAV, but only if you don't see better options. Verdict: No, unless we lack any better options. Bit odd. ATAC * Team made up of various MDs and entrepreneurs, mostly in finance sector - Board of Directors * A little dull, but could end up doing modestly well. Owl Rock / Dyal Capital merger, date not yet set * Now in NAV zone. Got pumped and dumped (sell the news on definitive agreement?) now between 10.00 - 11.00 * Def. agreement in place and nothing changed here fundamentally Verdict: Maybe. Could do well upon merger date set. Right now, a little obscure and needs a catalyst. Quarter position. VSPR * Team headed up by former Allergan CEO Brent Saunders - the producers of Botox. * Feel like this could get some attention for the FA once it wakes up and a merger date is set * Currently in 10.33 - 11.33 range. Failed resistance to support flip. I can see it slipping back into lower part of range * Def. agreement in place. Rumoured to complete in Feb/March 2021 Verdict: Yes, I like fundamentals. Ladder in to this one in this range - start with quarter position on spot, then set lower bids.
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by theponzimaster
INAQ - Key levels as of 6 JanI see INAQ as quite a simple prospect: * Had an initial range up to high 13's (best place to get in to this instrument) * Second range is between 13.8 - 16.00. Currently flirting towards the bottom part of this range If the pattern repeats we'll see a third range up to the 18-20 mark. Or, it could surge up if there's a suitable catalyst. For now, I've got a 1/3 position as I expect this to do very well end of Q1, but my entry wasn't brilliant and I'm a little late to the party. As per my trading rules, I've bought this close enough to a decent support, and will have a stop in place if this looks to break lower. I would have gone in harder, but that would be bending the rules a little too far. I'm really trying to be disciplined this year! If this does go back into first range it's a major buy and I'd be looking to increase my position (would qualify as being 'early' again I suppose).
NASDAQ:INAQ
by theponzimaster
Switchback Energy Acquisition can go even lower?Switchback plans to close on its merger with ChargePoint in early 2021. ChargePoint is rapidly growing its charging station network in the U.S. and expanding in Europe. It expects sales of its charging ports to grow by seven times through 2026. But investors drove shares up beyond what is reasonable. Even after today's drop, the combined company would be valued at over $9 billion, triple what the equity value was predicted to be when the transaction was announced. (source: fool.com) Please leave me a message if you want to test the buy and sell indicators that i am using.
SShort
by BuySellMarketMaker
8
IPOC - trading plan from 4 Jan to 8 Jan (will be updated)I'm still relatively new to SPACs so take this trading plan with a pinch of salt, and any feedback is welcome. I already have a comfy position in IPOC (see my previous chart which was one of my finest) and banked a 40% + gain so far with very little downside. Now we can see the price potentially finding a rather thin support level and targeting a move upwards. Plan: + Gradually add to position on 4 Jan with a stop loss just under a local support (possibly the level we're seeing today - let's see how we go) + Sell majority of position before the ticker change - 6 to 7 Jan. You can see my sketch of how I think price might move - targeting $25 + Hold a smaller position after the ticket change to see how price reacts, with a fairly tight stop Now what are the risks? Well, this is based on a few things: merger being approved, no market maker front-running or other nonsense, hype staying at current levels. I'm going to keep an eye on the chart and keep adjusting my stop loss. One thing I'm getting much better at is manually adjusting my stops and frequently rethinking them. There could be a market-wide move that hurts this strategy, especially when I am so far from the $10 NAV. I need to keep an eye on the wider market and any catalysts that could hurt me. I might not make as much profit as if I held through the ticker change as there's bullish sentiment on Clover Health. I can live with this - one reason I trade SPACS is the downside protection, and I'm in it for gradual profits and long-term success. I'm new to SPACS so there might be something I am missing here. It's more based on theory than experience. One thing I MUST do is sell in batches, rather than in one go - don't try to time the market. I'll ladder out before the 8th. Let's see how this goes! LETS GET AFTER IT
ILong
by theponzimaster
3
My bullish projection on NOVS(Appharvest)I don't know another company in this space let alone one that is publicly traded with a facility on the ground. They have a facility in KY with future plans for more, they're expecting 60 million in profits by the end of this year. With the need for Freshwater waste reduction in the agricultural space along with a huge potential for growth in the Agtech space I think Appharest has a lot of potential the capture a lacking market. This is my price project for this stock if price action respects the channel vs. if it doesn't. The timing isn't super tight and hype and news (new partnerships, tech, and facilities) will drive the price for a while since they don't expect to make money until the end of the year (commonly not a problem with SPACs lol) but this won't have EV level hype behind it so I don't see a huge crazy spike. I don't have a position in this yet depending on the reaction in the channel. Please fill me in on any gaps I have like competitors or flaws in my idea or the company.
NLong
by TradeBroInc
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