Shifty Pony posted:

I hadn't thought of them that way, I always thought of them as prime evidence that we have a "too much money" problem. people just parking money for a place in line not even knowing what is going to be at the end of the line but they don't care because they are mainly hoping they can sell their spot in line.

Euphoriaphone posted:

SPACs are the craziest thing ever. They're literally lootboxes for stock. I give it another year until some newspaper puts out a report about how blatantly obvious it is that insiders trade SPAC shares before the acquisition target is announced, at which point the SEC will announce an investigation that will go nowhere. SPACs will probably fall out of favor if there are ever any rumblings of increased scrutiny, but I doubt they'll ever be rightfully banned.

The fact that any financial regulator lets a SPAC publicly sell shares in an entity that has no actual operations is insane.

Euphoriaphone posted:

SPACs are the craziest thing ever. They're literally lootboxes for stock. I give it another year until some newspaper puts out a report about how blatantly obvious it is that insiders trade SPAC shares before the acquisition target is announced, at which point the SEC will announce an investigation that will go nowhere. SPACs will probably fall out of favor if there are ever any rumblings of increased scrutiny, but I doubt they'll ever be rightfully banned.

The fact that any financial regulator lets a SPAC publicly sell shares in an entity that has no actual operations is insane.

Gazpacho posted:

there's too many SPACs to choose from. why can't i just give money to someone and trust them to pick the best SPAC?

Palladium posted:

And here I am thinking paying anything near 4 figures for a gaming chair full of plastic and fake leather is stupid

Chad Sexington posted:

It's even dumber than that. Inside investors and bankers get access to the PIPE, which essentially lets them buy in at the price floor (usually $10). If you have shares in a SPAC, you can opt to take a payout instead of taking shares in their acquisition target. So PIPE investors are guaranteed to get their money back with free unlimited upside. Once a merger happens with a target, they also get the ability to exit their positions before commercial investors even see the new shares hit their accounts.

The new thing in the SPAC community has been short squeezing post-merger companies because of the low float. (Small number of shares in circulation + many investors are opting to take the $10 payout instead of shares in these poo poo companies, meaning even fewer shares available.)

Source: I am an idiot who made a lot of money on SPACs last year on the advice of goons and then gave some of it back this spring because... I am an idiot, as I say. I still have shares in one SPAC company which is down to $7 after I was briefly deluded by a short squeeze.

Fellatio del Toro posted:

SPACAC

Shifty Pony posted:

I mean it is, if only because the Steelcase Gesture is $900ish and is utterly fantastic

net work error posted:

Chad Sexington posted:

It's even dumber than that. Inside investors and bankers get access to the PIPE, which essentially lets them buy in at the price floor (usually $10). If you have shares in a SPAC, you can opt to take a payout instead of taking shares in their acquisition target. So PIPE investors are guaranteed to get their money back with free unlimited upside. Once a merger happens with a target, they also get the ability to exit their positions before commercial investors even see the new shares hit their accounts.

The new thing in the SPAC community has been short squeezing post-merger companies because of the low float. (Small number of shares in circulation + many investors are opting to take the $10 payout instead of shares in these poo poo companies, meaning even fewer shares available.)

Source: I am an idiot who made a lot of money on SPACs last year on the advice of goons and then gave some of it back this spring because... I am an idiot, as I say. I still have shares in one SPAC company which is down to $7 after I was briefly deluded by a short squeeze.

Pittsburgh Fentanyl Cloud posted:

absolutely loving shocked that the leader of the Chinese Communist Party is a Maoist. Completely unexpected

Gazpacho posted:

there's too many SPACs to choose from. why can't i just give money to someone and trust them to pick the best SPAC?

Wraith of J.O.I. posted:

net work error posted:

How do I find an estate sale

Shifty Pony posted:

just in awe at the stupidity of this land

Nice and hot piss posted:

I was going through a bunch of stuff after I moved and realized i stole maybe 50 pens from my last job.

Chad Sexington posted:

It's even dumber than that. Inside investors and bankers get access to the PIPE, which essentially lets them buy in at the price floor (usually $10). If you have shares in a SPAC, you can opt to take a payout instead of taking shares in their acquisition target

nomad2020 posted:

Anyone who didn't buy bargain basement office furniture spring-summer of 2020 really missed out on some good stuff IMO.

Stereotype posted:

every time anyone explains complicated financial industry stuff involving stock trading the only thing i can ever think is "wow what a stupid waste of time, why can you make money on this incredibly pointless thing?"

Hubbert posted:

https://www.youtube.com/watch?v=lBdxeeolWng

bizonacci is back

pro-click, please watch until end

Palladium posted:

thats too many words to spell greed

Hubbert posted:

https://www.youtube.com/watch?v=lBdxeeolWng

bizonacci is back

pro-click, please watch until end

Paladin posted:

Here at Rockwell Finance's, world headquarters, research has been proceeding to develop a line of cryptocurrency products that establishes new standards for quality, technological leadership, and operating excellence. With investor success as our primary focus, work has been proceeding on the crudely conceived idea of a financial instrument that would not only provide inverse reactive dividends, for use in unilateral quarterly deductions, but would also be capable of automatically synchronizing blockchain grammeters. Such a financial instrument comprised of Doge-based ratings, Reliance Electrum price monitors, Allen-Bradley tranche controls, and all monitored by Rockwell Software is Rockwell finance’s "Crypto-Encabulator".

Now, basically the only new principle involved is that instead of value being generated by the relative motion of market inputs, it’s produced by the modial interaction of bond yield-reluctance and capacitive diractance. The original financial instrument had a base commodity of prefabulated amulite, surmounted by a malleable logarithmic database dual-copy bookkeeping in such a way that the two spurving ratings were in a direct line with the panametric price-index.

The software consisted simply of six hydrocoptic marzelvanes, so tethered to the ambifacient lunar wanestock that price-fumbling was effectively prevented. The main pricing was of the normal lotus o-deltoid curve placed in panendermic semiboloid slots of the state assessor, with every seventh quarter being connected by a non-reversible tremie loan to the differential girdlespring on the ‘up’ yields of the dollar-grammeters. Moreover, whenever accountescence score motion is required, it may also be employed in conjunction with a drawn reciprocation dingle curve to reduce sinusoidal demonetization.

The Crypto-Encabulator has now reached a high level of development, and it’s being successfully used in the operation of milford portfolios. It’s available soon; wherever Rockwell Finance assets are sold.

Thorn Wishes Talon posted:

tesla stock going up is good

it's part of S&P 500 so the harder it crashes the harder it'll bring down the whole index

Stereotype posted:

every time anyone explains complicated financial industry stuff involving stock trading the only thing i can ever think is "wow what a stupid waste of time, why can you make money on this incredibly pointless thing?"