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DWAC - Trump backed media SPAC

Posted on 10/24/21 at 6:19 pm
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 10/24/21 at 6:19 pm
Since one thread is anchored and the other one was made by a retard, let’s try again.

Option chains open Monday, shite is going to get nuts in a good way, bad way, or most likely both. I counted 7 halts on Friday, I’m betting 5 halts for tomorrow. Between a Trump pump and short attacks, this may be the most volatile stock of all time.

In 40 at 25, sold half at 120. Buying any dips, selling any rips. Let’s ride
Posted by Wallace Ritchie
Des Moines, Iowa
Member since Oct 2021
492 posts
Posted on 10/24/21 at 6:37 pm to
I’m in. Got some a limit order at $40. Hoping for volatility. Time to punish some shorts.
Posted by bass
Member since Oct 2016
3860 posts
Posted on 10/24/21 at 6:53 pm to
Yeah I’m selling at $180 after the opening, then buying for $80 10 minutes later.
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 10/24/21 at 7:03 pm to
quote:

Yeah I’m selling at $180 after the opening, then buying for $80 10 minutes later.





This would normally be a sarcastic or idiot comment, but it’s more likely happening then staying flat.

The craziest wins in crazy world.
Posted by slackster
Houston
Member since Mar 2009
84893 posts
Posted on 10/24/21 at 7:10 pm to
I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.
Posted by Retrograde
TX
Member since Jul 2014
2900 posts
Posted on 10/24/21 at 7:16 pm to
quote:

I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.


I don’t know. There’s millions of Trump loyalists who will buy it just because his name is on it, but I’m sure there’s 100s or 1000s of liberal hedge fund managers that want to short it just because it’s trump. This will be a political battleground stock and crazy shite is going to happen.
Posted by AmericanPsycho99
Member since Sep 2021
121 posts
Posted on 10/24/21 at 7:18 pm to
quote:

I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.


Interactive Brokers short interest

Have you seen the borrowing fees? 33%. Absolutely insane - although someone has clearly taken out short positions as available shares to short have reduced from around 2.4 million to 350,000.
This post was edited on 10/24/21 at 7:20 pm
Posted by white perch
the bright, happy side of hell
Member since Apr 2012
7136 posts
Posted on 10/24/21 at 9:05 pm to
quote:

although someone has clearly taken out short positions as available shares to short have reduced from around 2.4 million to 350,000.


Time to HODL!!!!!!
Posted by AmericanPsycho99
Member since Sep 2021
121 posts
Posted on 10/24/21 at 10:17 pm to
quote:

I don’t know. There’s millions of Trump loyalists who will buy it just because his name is on it, but I’m sure there’s 100s or 1000s of liberal hedge fund managers that want to short it just because it’s trump. This will be a political battleground stock and crazy shite is going to happen.



How many people do you know who work in Finance? Most financial workers are fairly conservative economically and I'm pretty sure very few fund managers would call themselves liberal. Before Trump, most would have identified as Republican.

And most hedgefund managers don't involve their personal politics in their investments. The reality is DWAC is overhyped and they won't deliver - I would short it but the fees are too high for it to be worth it.
Posted by bass
Member since Oct 2016
3860 posts
Posted on 10/25/21 at 4:19 am to
$100.00 whew
Posted by Pezzo
Member since Aug 2020
1952 posts
Posted on 10/25/21 at 4:36 am to
Volume is no where near what we saw last Friday. Can options be traded PM?
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30555 posts
Posted on 10/25/21 at 4:38 am to
Damn someone mentioned MARK as a sympathy play. +280% PM
Posted by Pezzo
Member since Aug 2020
1952 posts
Posted on 10/25/21 at 4:41 am to
CRTD up 87% too
Posted by Hogwallop
Member since Jul 2021
413 posts
Posted on 10/25/21 at 5:27 am to
quote:

MARK
Posted by Stagliano
Member since Dec 2020
1653 posts
Posted on 10/25/21 at 6:19 am to
Yeah im gonna have to catch a mean arse dip on MARK lol probably missed that one
Posted by SeymourButts
Member since May 2018
53 posts
Posted on 10/25/21 at 6:27 am to
I got caught holding the bag on Crtd, might end up making a nice profit.
Posted by gatorsimz
cafe risque
Member since Feb 2009
8135 posts
Posted on 10/25/21 at 7:22 am to
The premiums on these options are going to be insane.
Posted by Toula
504
Member since Dec 2006
35399 posts
Posted on 10/25/21 at 7:24 am to
I got out PM at $106.
I don’t trust what MM can and will do with options live today.

Feels like theyll feast on retail
Posted by xxTIMMYxx
Member since Aug 2019
17562 posts
Posted on 10/25/21 at 7:24 am to
Wondering if I should say trad dwac today
Posted by SeymourButts
Member since May 2018
53 posts
Posted on 10/25/21 at 7:26 am to
Got a feeling it’s going to run it again today and drop back off similar to Friday
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