|Day Low/High||10.26 / 10.50|
|52 Wk Low/High||9.87 / 13.35|
This is one where I would simply buy the stock below a certain level and have all the upside potential.
Plays in these hated special purpose acquisition corporations might seem a bit boring, but will reward strategic players.
It's not the merits of the deal from a long-term perspective I want to trade. It's the beat down of the stock from above $13 to under $11.
One interesting development is the rotational action that is taking place within the smaller caps.
'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.