|Day Low/High||28.13 / 30.60|
|52 Wk Low/High||10.55 / 29.48|
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.