- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: DWAC
Posted on 10/22/21 at 10:58 am to deltaland
Posted on 10/22/21 at 10:58 am to deltaland
quote:
Just saw an article where Lighthouse Investment hedge fund sold all 3.2 million shares they held in DWAC. Assuming that happened this morning that’s likely the cause of the dip. It was 11.3% of the shares
Yeah that would explain the quick down turn.
0
Posted on 10/22/21 at 10:59 am to deltaland
quote:
Just saw an article where Lighthouse Investment hedge fund sold all 3.2 million shares they held in DWAC
If my calculations are correct, they made a YUGE profit.
Posted on 10/22/21 at 11:02 am to Black n Gold
Starting to find its sea legs and steadying. May have to jump back in
Posted on 10/22/21 at 11:07 am to ItNeverRains
Here we go again....
Posted on 10/22/21 at 11:09 am to DaTruth7
107
Posted on 10/22/21 at 11:10 am to Ted2010
Now 99
Posted on 10/22/21 at 11:16 am to Ted2010
I was really hoping this was going to dip into the $50s.
Posted on 10/22/21 at 11:19 am to Black n Gold
It appears if all founders shares are converted (which they will) and warrants are exercised (which is a lock at these prices), then you’re looking at ~54.4 million shares of common stock in DWAC. At $90, it’s about a $4.9B valuation for DWAC. Given the very sparse details of the merger, if we assume the cash in trust is proportional to the ownership stake for DWAC, that gives TMTG a valuation around $15B.
Lots of assumptions in there, so the updated prospectus should be interesting.
Lots of assumptions in there, so the updated prospectus should be interesting.
Posted on 10/22/21 at 11:19 am to Black n Gold
quote:
my calculations are correct, they made a YUGE profit.
And in doing so they get to virtue signal. They claimed they were unaware of the merger and sold due to it, implying they didn’t want to be associated with Trump.
I’m sure it had nothing to do with the hundreds of millions of profit. And I’m sure a large hedge fund owning 11% had no idea the merger was coming, even though most of us regular people knew about it before the stock jumped.
Posted on 10/22/21 at 11:22 am to PlaylikeJeter
quote:
Just sold. Made 123,650 off of 8,000!!!!!!
Sweet. Now put half of that into SLI
Posted on 10/22/21 at 11:25 am to slackster
quote:
warrants are exercised (which is a lock at these prices)
The warrants can be traded at this point, but not redeemed (I know... wrong term) for at least a year, correct?
Posted on 10/22/21 at 11:26 am to ItNeverRains
quote:
Starting to find its sea legs and steadying. May have to jump back in
I really think Lighthouse causing a quick dip caused some panic sell offs/profit taking.
It’s steady creeping up now. The news of this is still getting out I expect it to continue to climb albeit slower
Resist the urge to sell unless you have a large amount invested. I don’t think we have peaked yet
Posted on 10/22/21 at 11:30 am to deltaland
I am not going to consider selling until $125. I might dump half then. On the flip side, if it dips under $80, I'm in for some more.
Posted on 10/22/21 at 11:31 am to Black n Gold
Same, just buying dips at this point.
Posted on 10/22/21 at 11:36 am to ChairmanOfThisBoard
quote:
The warrants can be traded at this point, but not redeemed (I know... wrong term) for at least a year, correct?
Sort of. 30 days after the merger is complete or 12 months from 9/8/21, whichever is later.
Posted on 10/22/21 at 11:37 am to DaTruth7
I’m just staying put, I’m no good at swing trading and I understand this.
Posted on 10/22/21 at 11:41 am to deltaland
quote:
I really think Lighthouse causing a quick dip caused some panic sell offs/profit taking.
It’s hard to argue that 3 million shares caused a dip when the stock traded 35 million shares at the open, but you could be right.
I’d be a little surprised if the stock was able to take out its intraday high of $175 today, but who knows? I’d imagine Trump wants to tread carefully with public comments about the stock, but if he does make a couple comments it could get a little crazy.
Posted on 10/22/21 at 11:44 am to slackster
There is no need for him to speak on this now and he knows that. When he does, expect a swing of $50 or more.
Posted on 10/22/21 at 11:49 am to Black n Gold
quote:
There is no need for him to speak on this now and he knows that. When he does, expect a swing of $50 or more.
He’ll have to be careful regardless given the SEC will be watching.
Posted on 10/22/21 at 11:55 am to slackster
Tripled my initial investment, plan on swing trading in and out of this for a long time. Trump is the gift that keeps giving
Page 23 of 28
Popular
Back to top
Follow TigerDroppings for LSU Football News