bennycx

I wonder if Feds don’t want to be seen as bursting the bubble and therefore they are afraid to come down hard on Tesla, alt coins etc, but go after banks which are safe targets.

Imagine if he took a large position on Tesla ;D

So pretty much buy at $10.5 and risk 5% or so (since it’s quite hard to find priced at below $10 these days) and try to sell on any hype..?

Just thinking out loud: would long options be a nice strategy for spac? When it trades at $10, volatility is low and option premium should be cheap. But a surprise deal can get you a nice windfall. Any thoughts on this?

Can you give an example, both successful and failed, of how this works? I am curious to know more. Im lazy on this evening, but briefly, follow a bunch of SPACs, pre deal, pre announcement. As close to their IPO as possible, ideally. There's places that list and track them. Right now theres about 400 out there. $10 is your IPO price for the units. You are guaranteed redemption at $10 plus interest over the course of 18m or whatever. Real example. CFIIU. IPO was August. Traded for a few weeks in 9.90s. I bought it. After 50 days or so the warrants can separate as thus typically rise in value. Unit is stock + % warrant. Between IPO and warrant separation you almost always get at least 2-3%, even before the mania. CFIIU I sold a couple months later at ~10.40 and then the rest on deal announcement. You need to know nothing about the spac, $10 per share of cash, thats it. Then time and deal excitement give you an opportunity to take your %. Even if you are getting in at 10.3 or 10.4, you know where you floor is(10) and can sell higher and add lower pretty effortlessly. CAPAU and FLACU are two I'd watch as they're not as out of hand as many of the others which are now trading near $11. You've realistically had some of these, pre deal close do 5x. So if you want low risk, asymmetric, risk 2-5% and make 3-x00% sounds pretty good to me. RBACU was another. Hung around 10.1-10.3 for a long time after IPO. Traded up to 10.5, then deal talk, $11+. Failed I dont really have an example. I get some IPO at $10 and I also buy in the market. Ive never had one not make money, lowest return would probably be .25% on some of the trade. I guess if you're in at 10.3 and it goes to 10.2 and you find a real investment you take your loss; Ive done that before...but if you arent in a hurry you pretty much always make something. Thanks very much for your reply. So basically you try to buy as close as possible to $10 and sell out pre-deal benefitting from the warrant value and deal excitement. Is it possible that an unfavoured deal cause the price to dip below $10 significantly? Ie pre-announcement trading at $10, announcement of a bad deal price drops to $5

Can you give an example, both successful and failed, of how this works? I am curious to know more.

Would be interesting to see where Ant valuation is estimated at now with more and more Fintech going into scope of banking regulations globally. This would trigger US regulators to start regulating fintechs.

Exactly what I expected. It does not sound good

BABA splitting up into multiple companies is the last thing that will happen - that’s a very American way of thinking. Most likely BABA and Jack Ma will be very heavily regulated and profitability will drop severely. I think the drop in share price is warranted.

Is there a way to get into these shares at near ipo prices without subscribing to the ipo shares?

Wonder why Buffett hasn’t disclosed the “secret” stock? Is he accumulating for such a long time?

Some talks that it could be Enbridge

From my experience with the French, they do not believe in the equality of outcomes. Quite the opposite in fact.

That’s what makes a market! You could disagree with them

Could buybacks be a way of “leveraging” up his portfolio - both investment and operating - without facing many restrictions (bank holdings as an example, wholly owned companies which he wants more but can’t own more than “100%”)?