Boiler Room: The Official Stock Market Discussion

[Kal El]

for those who are in IPOE. Do you hold this stock until the merger and then sell it after it has merged? This is the strategy I keep seeing online when it comes to SPACs. Or is IPOE/SOFI a long term hold. Can y'all provide clarification?

I've been swing trading SPACs for the past 6 months. Most of the time you want to take profits pre-merger, as there tends to be a sell off post-merger (though not always).

But unlike most of these speculative SPACs, IPOE/SoFi is one I'll be holding some shares long term.

 

[Notley]

for those who are in IPOE. Do you hold this stock until the merger and then sell it after it has merged? This is the strategy I keep seeing online when it comes to SPACs. Or is IPOE/SOFI a long term hold. Can y'all provide clarification?

Great question. My short answer is that this is a medium-term hold. I will probably hold for a month or two post merger.

My longer answer starts with an analysis of all of the SPACs that announced a merger after the March drop. I conducted this study at the end of the year so the numbers might be a bit off.

As @Eric Brooks has mentioned, in the short-term, most SPACs reach their high right before the merger.

I identified six SPACs that had significant jumps in price post merger (I am using closing price highs).

NKLA's pre-merger high was $34. It got up to $93 post merger.

MP went from $15 to $39
LAZR went from $18 to $41
QS went from $37 to $131
XL went from $17 to $32

All of these are EV and/or autonomous driving related.

Heretofore, DKNG is the only non-car related SPAC to make a similar run: from $19 to $63 post merger.

Despite this data, I think IPOE has decent shot to get to $100 in a month or two after the merger. There are a number of Big Money firms that are forbidden to buy SPACs pre merger. I think a number of them will jump in post merger, especially given that Affirm hit $120 this week with its IPO.

 

[old pig]

Heretofore

rep just for using “heretofore”...it’s just as glorious a word as “henceforth”

 

[Saysumthinfunnymike]

Id compare SoFi to DKNG in that yes there would likely be some selling post-merger but then big investors will come in

If you are looking for a quick flip then the strategy is pre-merger

 

[winb83]

for those who are in IPOE. Do you hold this stock until the merger and then sell it after it has merged? This is the strategy I keep seeing online when it comes to SPACs. Or is IPOE/SOFI a long term hold. Can y'all provide clarification?

I'm hoping to get a few hundred more shares before merger target is maybe 300. If it goes up like crazy I'll sell 50-100 shares and hold the rest. I plan to hold the bulk of them at least 5 years.

 

[Deafheaven]

Great question. My short answer is that this is a medium-term hold. I will probably hold for a month or two post merger.

My longer answer starts with an analysis of all of the SPACs that announced a merger after the March drop. I conducted this study at the end of the year so the numbers might be a bit off.

As @Eric Brooks has mentioned, in the short-term, most SPACs reach their high right before the merger.

I identified six SPACs that had significant jumps in price post merger (I am using closing price highs).

NKLA's pre-merger high was $34. It got up to $93 post merger.

MP went from $15 to $39
LAZR went from $18 to $41
QS went from $37 to $131
XL went from $17 to $32

All of these are EV and/or autonomous driving related.

Heretofore, DKNG is the only non-car related SPAC to make a similar run: from $19 to $63 post merger.

Despite this data, I think IPOE has decent shot to get to $100 in a month or two after the merger. There are a number of Big Money firms that are forbidden to buy SPACs pre merger. I think a number of them will jump in post merger, especially given that Affirm hit $120 this week with its IPO.

This sounds like gospel. I'm def copping more next week. Just dont know how much now could jus roll the entirety of my bngo profits into it would end up with 200 plus shares.

 

[winb83]

Great question. My short answer is that this is a medium-term hold. I will probably hold for a month or two post merger.

My longer answer starts with an analysis of all of the SPACs that announced a merger after the March drop. I conducted this study at the end of the year so the numbers might be a bit off.

As @Eric Brooks has mentioned, in the short-term, most SPACs reach their high right before the merger.

I identified six SPACs that had significant jumps in price post merger (I am using closing price highs).

NKLA's pre-merger high was $34. It got up to $93 post merger.

MP went from $15 to $39
LAZR went from $18 to $41
QS went from $37 to $131
XL went from $17 to $32

All of these are EV and/or autonomous driving related.

Heretofore, DKNG is the only non-car related SPAC to make a similar run: from $19 to $63 post merger.

Despite this data, I think IPOE has decent shot to get to $100 in a month or two after the merger. There are a number of Big Money firms that are forbidden to buy SPACs pre merger. I think a number of them will jump in post merger, especially given that Affirm hit $120 this week with its IPO.

Square IPO price was $9. It's like $227 now.
Facebook IPO was $38 and it's $250 or so.

If you think you're getting on the ground floor of a special company it shouldn't be treated like just a SPAC is should be threated like a great opportunity. I get that it's not a traditional IPO and is a SPAC but several years from now when people see the ticker they're not gonna care what it started as.

 

[dora_da_destroyer]

SoFi I’m holding. Got 350 right now and 50 warrants - might sell the warrants depending on how they move

Got 235 of CCIV, want to buy more but I also want confirmation lol

 

[funkee]

i'm not selling ipoe/sofi pre or post unless it has a massive jump, then i'll cut some. same for ipoe/clov --> haven't sold 1 share and have just been adding on dips. went from 1000 shares which i thought i would cap at to 2800 now. i see $25-30+ a share the next few months and i'm willing to wait.

 

[GetRichOrDieTryin]

So I have about $800 to invest, which stock should i dump into?

I already 25 of CCIV after reading this thread.

 

[humminbird]

Weed stocks last week were

 

[the cac mamba]

So I have about $800 to invest, which stock should i dump into?

I already 25 of CCIV after reading this thread.

cant go wrong with some apple. if you just wanna gamble it, throw it at one of these pennies

 

[FabTrey]

So I have about $800 to invest, which stock should i dump into?

I already 25 of CCIV after reading this thread.

I would ride RIOT or MARA

And I'll hold till I 2x.

 

[winb83]

cant go wrong with some apple. if you just wanna gamble it, throw it at one of these pennies

Yeah depends on how important that $800 is to you. Apple is stable and will grow at a dependable rate over time. Throw it at a penny stock and it could double but you also run the risk of losing some if not much of it. The higher the risk the greater the reward.

 

[L68]

Great question. My short answer is that this is a medium-term hold. I will probably hold for a month or two post merger.

My longer answer starts with an analysis of all of the SPACs that announced a merger after the March drop. I conducted this study at the end of the year so the numbers might be a bit off.

As @Eric Brooks has mentioned, in the short-term, most SPACs reach their high right before the merger.

I identified six SPACs that had significant jumps in price post merger (I am using closing price highs).

NKLA's pre-merger high was $34. It got up to $93 post merger.

MP went from $15 to $39
LAZR went from $18 to $41
QS went from $37 to $131
XL went from $17 to $32

All of these are EV and/or autonomous driving related.

Heretofore, DKNG is the only non-car related SPAC to make a similar run: from $19 to $63 post merger.

Despite this data, I think IPOE has decent shot to get to $100 in a month or two after the merger. There are a number of Big Money firms that are forbidden to buy SPACs pre merger. I think a number of them will jump in post merger, especially given that Affirm hit $120 this week with its IPO.

Whats your opinion on gnog/lca?