I didn't have "insider information" to make $300k on Gamestop. The evidence was in the open.
Right now I'm thinking that you might be able to connect the dots between SPAC owners / founders, their investment prospectus, and similar business they've dealt with.
I wonder if anyone's already done this research and found correlations.
> I didn't have "insider information" to make $300k on Gamestop. The evidence was in the open.
What evidence? You followed a trend, and the more people followed that trend, the higher the price, the more it was talked about in wider circles, the more people got in it etc.
It's just a legal version of a ponzi scheme.
This has nothing to do with predicting a hard fact such as which two entities will merge in the future.
Just like how everyone assumed that Virgin Acquisition was going to buy Virgin Orbital (both owned by Branson)...but instead will acquire 23andme instead?
As it turns out, you really can't connect the dots between SPAC owners and the company the SPAC will acquire.
I didn't have "insider information" to make $300k on Gamestop. The evidence was in the open.
Right now I'm thinking that you might be able to connect the dots between SPAC owners / founders, their investment prospectus, and similar business they've dealt with.
I wonder if anyone's already done this research and found correlations.