SPACs or Special Purpose Acquisition Companies have recently gotten pretty popular. It is a way for a company to go public. Some of the more traditional ways are the regular IPO, Direct Listing (think Slack, Spotify) and an Acquisition (think Postmates acquired by Uber, Instagram acquired by Facebook).
Here I will share my thought process, emotions and exit points of 5 trades I made during the unfortunate coronavirus pandemic. With a little bit of luck, patience, and emotional resilience, I was able to make huge profits from these trades.
In this post, I will list out my opinions on why I think Uber is a great investment, and why you should buy the stock as it gets beaten down.
Here are some metrics you should be familiar when looking at an early stage Software-as-service company.