LCA SPAC merger play

OODA Process
Observe
+ Market is bullish after a few days of pull back.
+ Stimulus talk back on the table with EOY deadline
+ SPAC has been hot
+ SPACs pulled back in recent days
+ Online gambling is going to grow and there are a few big players around it: DKNG PENN GAN, etc.

- some doubts about the merger not happening
- Founder has other capital risks in restaurants that are under COVID pressure

Orient
Short term Bullish

Decide
add shares as close to $20 or lower.
Hold through merger vote.
if gains > 100%, Sell 50% of shares then let it run "on the house"
if gains < 100% by EOY, sell 25% and sell the rest at first sight of weakness in this name or the market pull back.

Act
Setting limit buys for tomorrow