This post is about Social Capital Hedosophia IV and maybe a bit of chat about SPACs in general.
So IPOD is the 4th Social Capital/Hedosophia partnership (they are two different firms combined)
Let's look at the first 3 to understand why I am invested in this one.
IPOA - Virgin Galactic now SPCE +430% - Oct 2019
IPOB - Opendoor Technologies +134% 2020
IPOC - Clover Health basically 0%
IPOD, IPOE and IPOF still to confirm targets
I don't even think I need to go into this too much, I have invested in IPOD and in that you are trusting that Chamath is going to land a big fish and when he does the stock will go up.
I bought on a dip last week so I am up 10% already and my target would be 50%. If and when that happens I will exit the stock and hold about 10% of original investment for long. I will possibly go straight from this into IPOF if that has not found a target at that stage.
This is a self-fulfilling prophecy, companies (esp tech) who want to go public want money and publicity. By having Social Capital Hedosphia on your side you are getting both. They have raised about 400m to put into a company and you get the massive amount of advertising and expectation that comes with being part of the Chamath family of companies.
It is hard to see a downside to this, if you can buy on a dip then this is a good stock to own.
Happy trading and if you think this is professional advice then you need your head checked. DD yourself.
So IPOD is the 4th Social Capital/Hedosophia partnership (they are two different firms combined)
Let's look at the first 3 to understand why I am invested in this one.
IPOA - Virgin Galactic now SPCE +430% - Oct 2019
IPOB - Opendoor Technologies +134% 2020
IPOC - Clover Health basically 0%
IPOD, IPOE and IPOF still to confirm targets
I don't even think I need to go into this too much, I have invested in IPOD and in that you are trusting that Chamath is going to land a big fish and when he does the stock will go up.
I bought on a dip last week so I am up 10% already and my target would be 50%. If and when that happens I will exit the stock and hold about 10% of original investment for long. I will possibly go straight from this into IPOF if that has not found a target at that stage.
This is a self-fulfilling prophecy, companies (esp tech) who want to go public want money and publicity. By having Social Capital Hedosphia on your side you are getting both. They have raised about 400m to put into a company and you get the massive amount of advertising and expectation that comes with being part of the Chamath family of companies.
It is hard to see a downside to this, if you can buy on a dip then this is a good stock to own.
Happy trading and if you think this is professional advice then you need your head checked. DD yourself.