07Jan3:11 pmEST

Oh My God, it Even Has a Watermark

Part of hedge fund titan Bill Ackman's appeal, for fans and foes alike, is that he combines old school Wall Street cunning ways dressed up as a polished, modern, hedge fund alpha--You might say he a wolf in designer wolf's clothing, with of course a watermark on his business card, to boot. 

With that in mind, his SPAC, Pershing Square Tontine Holdings, below on its daily chart, may very well pick up Bloomberg or Stripe within due time. We know Ackman is on record saying he is looking for "mature unicorns," with the implication there that he looking to make a splash in a big name rather than speculating on massive grand slam returns from a name out of left field. 

Stripe, a wonderful company, seems like the most viable name Ackman will team up with for the IPO. And I suspect PSTH will respond in kind, as it bases along tightly seemingly waiting for the good news any day now. 

2021 may or may not be the year of the SPACs. But Ackman's PSTH not having a big say in a major IPO before this bull market is over seems unlikely. 

These Shorts May Fall Before... Capable of Anything


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