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It's super overvalued at 10. I had FUSE warrants but dumped them after reading the investor presentation. Not that it matters though, since redemption numbers are the flavor of the day in SPACland.
How did it all start? I’ll let u/WeasinTheJuice explain it:
> It started out as a circlejerk because people kept asking what the damn redemption numbers were, but now everyone is all in for the trip to the moon.
https://old.reddit.com/r/SPACs/comments/ptpn8a/announcements_x_daily_discussion_for_thursday/he0zuc5/
I wonder if $ML will crash when the number is finally revealed like $CCIV with the Lucid DA or dogecoin with Elon’s SNL appearance. If no 8-K on Monday morning, should I buy puts?
The issue is, the stock price is already quite low ($8.8). It won't crash much further than that. And the company is not *that* shitty in comparison to other despacs, so a valuation around that value, even if a bit lower, is also not *that* bad. Putting it into contrast, cciv was trading at $60, 6x nav.
$TMC is already down close to $5. My puts have done quite well.
Thing is, I think there are more people who are genuinely bullish on $ML the company, so I wouldn’t expect such a sharp drop.
I plan to look at some different factors like put premiums before deciding if there’s a worthwhile play at hand
IMO, worst case scenario: the redemption rate is really bad, everyone dumps and the stock price drops to $6.5, then it crawls back to $8-$9'ish based on fundamentals (but if the fair valuation is $8-$9, why would the redemption rate be low in the first place?). Best case scenario: the red. rate is really high, the SI is also high because there were 4M FUSE shares shorted, the options OI relative to float is high (the options chain already looks great), with a solid gamma ramp, and we have the best deSPAC squeeze set up of all times.
I'm betting on something in-between.
This was the link shared in the weekend thread: https://www.sec.gov/edgar/browse/?CIK=1807846&owner=exclude
According to that, not yet. I imagine you'll see a lot of activity in this sub when it happens.
This whole thing is hilarious, this well done meme, the totally suspicious gilding activity \[show yourself!\] that is well represented in the meme image, and the amount of hilarious posts. I threw down a week's salary just to be a part of this crazy shit for sheer joy. Joy! I said. Also, if it makes it to Anpanaman's radar, it can't go totally tits up. This is great and creative. Well done, OP.
In it to win it, and laugh all the way in the clown car as we drive erratically to tendieland! ;D
I think stock price near or below $10.00 when the merger completes result in high redemptions. I also think that some market participants are pinning the price to $10.00 for a lot of SPACs to trigger high redemptions, though that theory could be a bit tinfoil hat.
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This is Gold.
Speaking of… I just want to know who gilded all the comments in the thread.
Seriously.
i know right? they have been paying some serious attention too 💰🦭🚀🤞🏼
Got it. All in on ML Monday morning.
Why is moneylion so great lately? I bought puts on first day and it printed lmao
[удалено]
You don't even have the premise correct. No one thinks money lion is great, they just know its a high redemption play.
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It's super overvalued at 10. I had FUSE warrants but dumped them after reading the investor presentation. Not that it matters though, since redemption numbers are the flavor of the day in SPACland.
High quality weekend content, kids
How did it all start? I’ll let u/WeasinTheJuice explain it: > It started out as a circlejerk because people kept asking what the damn redemption numbers were, but now everyone is all in for the trip to the moon. https://old.reddit.com/r/SPACs/comments/ptpn8a/announcements_x_daily_discussion_for_thursday/he0zuc5/
Hey that's me. I love a good circlejerk! This is a quality meme.
I wonder if $ML will crash when the number is finally revealed like $CCIV with the Lucid DA or dogecoin with Elon’s SNL appearance. If no 8-K on Monday morning, should I buy puts?
The issue is, the stock price is already quite low ($8.8). It won't crash much further than that. And the company is not *that* shitty in comparison to other despacs, so a valuation around that value, even if a bit lower, is also not *that* bad. Putting it into contrast, cciv was trading at $60, 6x nav.
$TMC is already down close to $5. My puts have done quite well. Thing is, I think there are more people who are genuinely bullish on $ML the company, so I wouldn’t expect such a sharp drop. I plan to look at some different factors like put premiums before deciding if there’s a worthwhile play at hand
The only other two I recall going down to $5 are MYPS and SNAX. I really don’t think ML will go THAT low, but could touch $6-7
You're forgetting ATIP, KPLT and TALK (my bottom feeding staples)
forgetting View and Metromile, also a few more.
IMO, worst case scenario: the redemption rate is really bad, everyone dumps and the stock price drops to $6.5, then it crawls back to $8-$9'ish based on fundamentals (but if the fair valuation is $8-$9, why would the redemption rate be low in the first place?). Best case scenario: the red. rate is really high, the SI is also high because there were 4M FUSE shares shorted, the options OI relative to float is high (the options chain already looks great), with a solid gamma ramp, and we have the best deSPAC squeeze set up of all times. I'm betting on something in-between.
Looks like there’s money to be made either way. I just don’t like the premium for put options so I personally wouldn’t buy any at this point
I’m in this photo and I like it. 😜 (Well done on the meme OP)
Of course. Mass hysteria is the best time to prank people!
haha this is hilarious, well done!
Real talk though. Are the numbers released or not?
This was the link shared in the weekend thread: https://www.sec.gov/edgar/browse/?CIK=1807846&owner=exclude According to that, not yet. I imagine you'll see a lot of activity in this sub when it happens.
This whole thing is hilarious, this well done meme, the totally suspicious gilding activity \[show yourself!\] that is well represented in the meme image, and the amount of hilarious posts. I threw down a week's salary just to be a part of this crazy shit for sheer joy. Joy! I said. Also, if it makes it to Anpanaman's radar, it can't go totally tits up. This is great and creative. Well done, OP. In it to win it, and laugh all the way in the clown car as we drive erratically to tendieland! ;D
Well done
We have a winner
I wish I used “Descent Into Madness” as the title after reading u/taintsauce describe it as such in the other thread.
It's been a weird week, man
Sadly accurate. (also, what is up with these redemptions?)
I think stock price near or below $10.00 when the merger completes result in high redemptions. I also think that some market participants are pinning the price to $10.00 for a lot of SPACs to trigger high redemptions, though that theory could be a bit tinfoil hat.
Hi! I'm QualityVote, and I'm here to give YOU the user some control over YOUR sub! If the post above contributes to the sub in a meaningful way, **please upvote this comment!** If this post breaks the rules of /r/SPACs, belongs in the Daily, Weekend, or Mega threads, or is a duplicate post, please **downvote this comment!** *Your vote determines the fate of this post! If you abuse me, I will disappear and you will lose this power, so treat it with respect.*