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Originally Posted by IGGYRULES
I was in MPLN. What a disaster but I thought it was a smart play, less risky. Yeah right...
Need to follow the hype. Current sentiment is EV's, Hydrogen, Solar, other clean energy, and fintech. I looked at UWMC and felt it was likely a good play but it's not something that gets people excited. Even the garbage (IMO) like Fisker is up 50% from NAV.
SPACS are really good if retail is excited about it. If not then I agree returns not that great. I think you need to stay within a tight channel in the SPAC space.
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Also, to lump all SPACs together would be like lumping all IPOs together, or even all ETFs together. How a company goes public has little to do with what returns you should expect, SPACs are even worse as you are lumping SPACs that fail to merge, which will drag down the %.
I think the big thing here is market hype, and while I was hoping this was going up right away I was doubtful; though I didn't expect the pullback. I was getting nervous with all these meme stocks lately and WSBs, even on this forum AMCI and other serious investment types just disappeared. There is also a big portion of the retail investors that just lost their life savings on meme stocks.
I also see some issues with the roll out, StockTwits is reporting that not all US brokers have the stock up. E*trade and Fidelity just got it up in the last 5 minutes.
I think we need to wait for two things, ADN to start advertising themselves, and some new green energy talk by Biden.