Social Capital Hedosophia Holdings Corp. II Class A (IPOB)

29.50
NASDAQ
Prev Close 29.44
Day Low/High 28.13 / 30.60
52 Wk Low/High 10.55 / 29.48
Exchange NASDAQ
Shares Outstanding 51.75B
Market Cap 1.52B
Div & Yield N.A. (N.A)

Thus far I've learned not to bet against Chamath Palihapitiya.

I view the trading action as opportunistic rather than problematic.

Let's look at the trading opportunities offered by special purpose acquisition companies -- or SPACs.

'Experts' can talk about how the current SPAC wave is unhealthy or broken, but the system has been broken for a long time.

I'm looking at using these vehicles as potential upside with limited downside when the market could get rocky.

The question we'll need answered is: will taking a stake in an already traded large company offer a premium return? The answer: it depends.