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Official Spac Thread
Thread: Official Spac Thread
10-08-2021, 09:29 AM
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#3751
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Heaney⏩
Same. BTW- what is your plan for 2021 tax season? Gonna harvest losses to cover costs on CCIV gains? I've got $26,000 thus far to pay for myself. Trying to decide if there are any losses worth moving on from or if I'll wait em out.Bearish on Cathie srs
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10-08-2021, 05:17 PM
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#3752
- Heaney
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- Heaney
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Originally Posted By RobParks2M⏩
Don't have to pay income tax on TFSA gains here so I don't have to worry about it.Same. BTW- what is your plan for 2021 tax season? Gonna harvest losses to cover costs on CCIV gains? I've got $26,000 thus far to pay for myself. Trying to decide if there are any losses worth moving on from or if I'll wait em out.
10-09-2021, 02:29 PM
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#3753
- BBAckman
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- BBAckman
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Originally Posted By Heaney⏩
Just be careful, I remember reading years ago there were a bunch of stories like what this article mentions (moneysense ca/save/investing/cra-tfsa-accounts-court/) where the CRA was coming after people with big gains in their TFSA.Don't have to pay income tax on TFSA gains here so I don't have to worry about it.
10-09-2021, 03:57 PM
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#3754
- Heaney
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- Heaney
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Originally Posted By BBAckman⏩
They were likely flagged as day traders. I wouldn't meet that criteria.Just be careful, I remember reading years ago there were a bunch of stories like what this article mentions (moneysense ca/save/investing/cra-tfsa-accounts-court/) where the CRA was coming after people with big gains in their TFSA.
This is pretty sad though for the state of the economy
"According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more."
10-09-2021, 04:38 PM
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#3755
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Originally Posted By Heaney⏩
Look at all the averages for wealth in any nation..... It's all bad. Except for some smaller 1st-world nations.They were likely flagged as day traders. I wouldn't meet that criteria.
This is pretty sad though for the state of the economy
"According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more."
This is pretty sad though for the state of the economy
"According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more."
People don't save/invest.
But muh home equity!
10-09-2021, 04:46 PM
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#3756
- Heaney
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- Heaney
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Originally Posted By HMFIC_BROWSIN⏩
Yeah I see it all the time on reddit people who are like 40 complaining that they just NOW can't afford a home.....but have zero saved. Like bruh if houses were 100K you still couldn't put a deposit down. People just like to complain I've noticed.Look at all the averages for wealth in any nation..... It's all bad. Except for some smaller 1st-world nations.
People don't save/invest.
But muh home equity!
People don't save/invest.
But muh home equity!
10-09-2021, 05:27 PM
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#3757
- BBAckman
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- BBAckman
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Originally Posted By Heaney⏩
I think the majority of people out here just go to the bank and open a TFSA there and think theyre making a good financial decision making 1% tax free a year.They were likely flagged as day traders. I wouldn't meet that criteria.
This is pretty sad though for the state of the economy
"According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more."
This is pretty sad though for the state of the economy
"According to CRA spokesperson Etienne Biram, as of 2016 roughly 18,000 of the 13.5 million TFSAs had values of $100,000 or more."
10-09-2021, 05:35 PM
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#3758
- Heaney
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- Heaney
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Originally Posted By BBAckman⏩
Even people who I'm friends with who are actually really smart have absolutely no idea. Everyone in high-school should be shown a compounding interest equation of a small lump sum compounding for 30yrs @ SP500 avg return.I think the majority of people out here just go to the bank and open a TFSA there and think theyre making a good financial decision making 1% tax free a year.
10-09-2021, 06:29 PM
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#3759
- HMFIC_BROWSIN
- Buy high, sell higher.
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- HMFIC_BROWSIN
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Originally Posted By Heaney⏩
Compounding calculator is the literal key to lifeEven people who I'm friends with who are actually really smart have absolutely no idea. Everyone in high-school should be shown a compounding interest equation of a small lump sum compounding for 30yrs @ SP500 avg return.
Srs.
Sit with a compounding calculator and have ur mind blown.
10-18-2021, 10:46 PM
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#3760
- RobParks2M
- mad hatter
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- RobParks2M
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Calling out my boy @heaney FRBX might take the company that produced Cocomelon (kids show) public. Any interest in trying to get in before rumor gets big? 1/5 warrants trading at $0.84 right now... Not sure how worth it is though. Commons at $9.80
Fitness connoisseur
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"the personification of greatness"
10-21-2021, 05:13 AM
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#3761
10-21-2021, 09:31 AM
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#3762
10-21-2021, 09:44 AM
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#3763
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Harry362⏩
BCYP merger approved. Trading as SABS fridaySPAC thread make me green
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-21-2021, 12:33 PM
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#3764
- Heaney
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- Heaney
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Originally Posted By TugOfPeace⏩
It just started trading 3 weeks ago, this type of turn around is unheard of.Seems like this ticker is completely under the radar, how was this missed..
10-21-2021, 04:08 PM
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#3765
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
No 9,000 warrants CB 70 cents.Btw Rob, are you in shares at all? I remember that cancer related SPAC mooned to $60 premarket the day of ticker change. BCYP is still cheap enough to get in, I'm debating.
Edit: The SPAC I was referring to is LWAC
Edit: The SPAC I was referring to is LWAC
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-21-2021, 04:30 PM
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#3766
10-21-2021, 04:47 PM
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#3767
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By Heaney⏩
The whole thing looks fkn rotten.Well if spacs were ever going to take the ol regulation dildo up the ****ter nows the time with a Trump spac up 500% on announcement and clear as day insider buys yesterday.
1. SPAC existed for like 3 weeks…. They did the entire deal in 3 weeks?
2. Guy behind the SPAC is from Wuhan China??? Are you for freaking real? And who exactly contributed to this 100 million SPAC??
3. Like you said 4x volume day before announcement. Nothing odd there…
Hopefully they just focus on this one particularly. And I hope speculation in spacs is back. I’d love for some of my positions to get randomly pumped for no reason. Pre-Da need some love!
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-21-2021, 05:20 PM
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#3768
- Heaney
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- Heaney
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Originally Posted By RobParks2M⏩
I just posted my IPOF loss porn on the discord for the first time. It's freeing having looked it dead in the eyes now hahah.The whole thing looks fkn rotten.
1. SPAC existed for like 3 weeks…. They did the entire deal in 3 weeks?
2. Guy behind the SPAC is from Wuhan China??? Are you for freaking real? And who exactly contributed to this 100 million SPAC??
3. Like you said 4x volume day before announcement. Nothing odd there…
Hopefully they just focus on this one particularly. And I hope speculation in spacs is back. I’d love for some of my positions to get randomly pumped for no reason. Pre-Da need some love!
1. SPAC existed for like 3 weeks…. They did the entire deal in 3 weeks?
2. Guy behind the SPAC is from Wuhan China??? Are you for freaking real? And who exactly contributed to this 100 million SPAC??
3. Like you said 4x volume day before announcement. Nothing odd there…
Hopefully they just focus on this one particularly. And I hope speculation in spacs is back. I’d love for some of my positions to get randomly pumped for no reason. Pre-Da need some love!
10-21-2021, 07:23 PM
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#3769
- RoyalRyy
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- RoyalRyy
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Originally Posted By Heaney⏩
Did you finally let em all go?! Wasn't your CB high af (5+)? RIP CCIV gains lol, fuk Chamath.I just posted my IPOF loss porn on the discord for the first time. It's freeing having looked it dead in the eyes now hahah.
Do you guys have a discord link or is it a closed group? Thanks brah
HTC
10-21-2021, 07:37 PM
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#3770
- Heaney
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- Heaney
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Originally Posted By RoyalRyy⏩
No I didn't sell, just my paper losses at the moment. CB is 4.60. PM meDid you finally let em all go?! Wasn't your CB high af (5+)? RIP CCIV gains lol, fuk Chamath.
Do you guys have a discord link or is it a closed group? Thanks brah
Do you guys have a discord link or is it a closed group? Thanks brah
10-21-2021, 08:20 PM
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#3771
- RobParks2M
- mad hatter
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- RobParks2M
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AVANW traded almost 1m volume…. Something coming soon??? I’ve got 3500 warrants on that one.
Payo still gaping me rn.
Payo still gaping me rn.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-21-2021, 08:25 PM
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#3772
- Heaney
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- Heaney
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Originally Posted By RobParks2M⏩
I forgot all about AVAN. I'd be deep red in those sumbucks if I had of kept them tooAVANW traded almost 1m volume…. Something coming soon??? I’ve got 3500 warrants on that one.
Payo still gaping me rn.
Payo still gaping me rn.
10-21-2021, 10:13 PM
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#3773
10-22-2021, 11:51 AM
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#3774
10-22-2021, 10:32 PM
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#3775
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
uhh wut??? It got up to $2.6Shame that BCYPW got up to $1.5 then crashed back down same day. I suppose we won't see it really spike until Phase 3 trials are released
Volume was insane today and again no idea why.
15M shares of commons traded today
3.5M warrants.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-22-2021, 11:15 PM
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#3776
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
hell naw. I'm probably not starting to sell until at least $4. I really think the shares themselves could double if/when their antibodies are approved. You know what that means for warrants. I'm up to 14k warrants. I somehow got 2k of them for $1.01 after hours.oh fuuuuuk I took a nap for the 2-3 hours until close, when it got that high... will it ever get back up there or was that it? seemed like it was just a quick spike to $2.6 anyways
wtf, didn't even realize commons went to $8.xx
did you sell?
wtf, didn't even realize commons went to $8.xx
did you sell?
Hoping ticker change to SABS will generate more buying Monday. Everything is kinda 50/50 till approval for the antibodies.
What is truly crazy to me is that shares doubling brings the cap up to like $700 million... If the company gets bid up to unicorn status that would mean shares trade at $30... food for thought.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-22-2021, 11:25 PM
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#3777
- RobParks2M
- mad hatter
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- RobParks2M
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Originally Posted By TugOfPeace⏩
I thought it was changing today. I think it's monday. I still have no idea why the volume or spike then massive tank. My CB is 0.84That's nuts, 14k.. I may double my position to 3k warrants if I can manage to get them under $1.10. Would bring my C.B. up to $.85-.90 which is still decent.
I think it spiked today because today was supposedly ticker change right? Although on Ameritrade the ticker didn't change, they're somewhat slow with that kind of thing.
I think it spiked today because today was supposedly ticker change right? Although on Ameritrade the ticker didn't change, they're somewhat slow with that kind of thing.
Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-23-2021, 09:14 AM
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#3778
- Heaney
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- Heaney
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Seems like spac sentiment is starting to turn green again. There were some pretty substantial sympathy pumps on Friday from DWAC. Volume across the whole sector has been trending up as well.
10-23-2021, 08:01 PM
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#3779
- RobParks2M
- mad hatter
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- RobParks2M
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Avan may genuinely have a DA incoming holy fuk. I’d be hyped with my 3,500 warrants

Fitness connoisseur
0.4 mg of party's over wake the FK up!
"the personification of greatness"
10-23-2021, 11:46 PM
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#3780
- Heaney
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- Heaney
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Originally Posted By RobParks2M⏩
I had 20,000 at one point during spac mania lol. Hope they reel in a solid target for yaAvan may genuinely have a DA incoming holy fuk. I’d be hyped with my 3,500 warrants

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