Another hot week in the SPAC space. We took profits in LAZR (which tripled for us in two weeks) and partial in FEAC (+60% in a month). We added a new SPAC name on Friday. Our intention is to hold it for multiple months but if it doubles quickly, we will take the profits and run.
We are reliving a smaller version of the Internet mania of the late 90s via the SPACs. Crazy price action in anything related to electric and autonomous vehicles. 3D printing and online games are also hot industries in the SPAC space. Who knows what will be next? There is no tell when the mania will stop. The only thing that is certain is the explosion in volatility. I have a feeling there’s still a long way to go, so we dance while the music is playing while prudently taking partial profits along the way, so we have something to show at the end of the journey.
Here are just a few of the ideas and comments I shared with subscribers last week: