SEC about to change the rules for spacs - DWAC attack.
(www.cnbc.com)
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Spot on Fren, I was watching closely today...It looked like it was going to stabilize then the wheels fell off. I figured there would be some healthy profit taking but clearly they are doing their best to drive it down. SEC ruling, no publicity by brokers, coming at us from all angles. We must hold the line
I think most of the folks on the DWAC train knew going in this is a long play. I know I sunk my money with that fact in mind, and if they can push it back hard enough I will add to my holding.
I think most of the patriots that are in have the same mindset. We are not looking at short term gains.
I'm with you on that...definitely going to be a long drawn out fight and we can't give them an inch. 100% in it for the long haul despite the short term pain.