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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (163863)	10/18/2020 4:02:52 PM
From: sense	Respond to of 217795

SPAC.... Special Purpose Acquisition Company. A list here on SI that follows them... Still leaving one to wonder... what's the purpose... and what's so "special" about it ? What's "special" is... the guys with the money get to make the rules to benefit themselves. Private equity, driving the bus, has been the rage for some time now... often depriving the public markets of any means of participation in new ventures based on new ideas... as those ideas worthy of public support are held out of the public markets, where their prices are more easily suppressed... inversely, where their costs of capital are elevated... to enable private equity focused financiers in taking "more"... for less. But, at some point... amplification of profits depends on less being made into more... that occurring mostly at the point that the financiers no longer value the upside enough to hold on to that old thing themselves... So, the benefit in "voting with the smart money"... suggests, first, not volunteering to be their bagholder... Aramco IPO shares, anyone ? Anyone ? Otherwise, they make for a good probability of some predictable trading opportunities... as long as the focus is short term, based in knowing how the markets work... so, trading the charts... and not holding in "long term investments" bought, almost by definition, at something of a forced peak in valuation. Buy high and hold for higher can work... of course. Its just still not ever likely to be as usefully leveraged an approach to investing for the long term... as trades in which you buy low... JMHO