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re: DJT anybody riding the wave?
Posted on 10/15/24 at 9:25 am to UltimaParadox
Posted on 10/15/24 at 9:25 am to UltimaParadox
quote:
Had to Google this one...
Sure
You are melting down over this stock cause Trump
Its kinda sad
1
Posted on 10/15/24 at 9:28 am to SDVTiger
awesome reversal for sure
love to see the buying under 20 get rewarded, I'm in around 23 average or so
love to see the buying under 20 get rewarded, I'm in around 23 average or so
This post was edited on 10/15/24 at 9:29 am
Posted on 10/15/24 at 9:41 am to JohnnyKilroy
quote:
You got IPO shares?
Effectively yes, it was a SPAC and I’ve been in from the beginning, 3 years ago today I believe (at which time it briefly went up to $175 / share).
They merged in March 26, 2024.
90% of my position pre-dated the merger.
https://www.dwacspac.com/
quote:
Digital World Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination target in any business or industry, we intend to focus on combining with a leading tech company.
Also the only insiders who have been selling were associated with the original SPAC and had a fall-out with the new TMTG execs over deal terms and are no longer associated with the company.
This post was edited on 10/15/24 at 9:45 am
Posted on 10/15/24 at 9:59 am to Kjnstkmn
quote:
My personal profit or loss aside, I hope I’m right for the sake of the future of our country. We need to shake off the controls of the fake news and brain-washing Hollywood that controls the narrative of our entire political system, blinds the people and leads them around like sheep toward our own destruction.
And this is why from a trading perspective, it isn't a great idea to short the stock. Besides early insiders dumping at lock-up expiry, people who are buying the stock don't care about price and aren't going to sell. The company's financials don't matter.
Posted on 10/15/24 at 10:27 am to KamaCausey_LSU
Yeah, any shorters who kept at it too long are going to get burned. Have to hand it to them though, they must have made good money these last several months as shorting pushed it down from $60+ to $12, before the rebound with streaming apps coming out now and leading up to the election.
There’s some big money behind hating DJT.
Biggest risk obviously is a successful assassination, but then we will all have bigger problems with things likely getting western in the aftermath.
There’s some big money behind hating DJT.
Biggest risk obviously is a successful assassination, but then we will all have bigger problems with things likely getting western in the aftermath.
This post was edited on 10/15/24 at 10:30 am
Posted on 10/15/24 at 10:58 am to Kjnstkmn
quote:I think the $400 million came from the one time IPO. That was the raise. That's it. Continuing to hold shares if you got in on the IPO and/or buying shares in the secondary market AFTER the IPO has, as I said, literally zero impact on the litany of political issues you listed.
They’re using the proceeds from the stock sales to build out the company and build out its non-censorship, cancel free platforms. Where do you think the $400 million in cash came from?
quote:The actual stockholding of the stockholders is doing literally nothing. No more than you believing you are somehow influencing the design of the next iPhone just because you own AAPL shares.
Not sure what fine point you’re trying to make, but stockholders are definitely supporting the company as it builds out its new functionality which inherently is supporting the 1st amendment vs other platforms that are controlled by ex-CIA employees re Facebook jail, cable networks pulling news channels that arent controlled like OAN etc…
Posted on 10/15/24 at 11:00 am to Kjnstkmn
quote:No, it didn't.
shorting pushed it down from $60+
Posted on 10/15/24 at 11:11 am to Kjnstkmn
quote:
Effectively yes, it was a SPAC and I’ve been in from the beginning, 3 years ago today I believe (at which time it briefly went up to $175 / share). They merged in March 26, 2024. 90% of my position pre-dated the merger.
But did you participate in the initial offering for DWAC?
Posted on 10/15/24 at 11:13 am to Big Scrub TX
There was no one time IPO, it was a SPAC.
Look it up.
Look it up.
Posted on 10/15/24 at 11:17 am to Kjnstkmn
quote:
Biggest risk obviously is a successful assassination, but then we will all have bigger problems with things likely getting western in the aftermath.
Biggest risk is the company going bankrupt due to lack of revenue.
Posted on 10/15/24 at 1:01 pm to Kjnstkmn
quote:Yes, I know, whatever you want to call it mechanically - the fact is that the money was raised at a point in time in the past. You currently owning shares has nothing to do with assisting in any kind of political mission.
There was no one time IPO, it was a SPAC.
Look it up.
Posted on 10/15/24 at 2:28 pm to Kjnstkmn
quote:
They’re using the proceeds from the stock sales to build out the company and build out its non-censorship, cancel free platforms. Where do you think the $400 million in cash came from? Not sure what fine point you’re trying to make, but stockholders are definitely supporting the company as it builds out its new functionality which inherently is supporting the 1st amendment vs other platforms that are controlled by ex-CIA employees re Facebook jail, cable networks pulling news channels that arent controlled like OAN etc…
Current holders aren’t doing any of that, but they may as cash flow burn picks up and DJT unloads its own shares to raise cash, similar to GME and AMC, among others.
There are 990,000,000 shares of DJT common stock authorized, of which only 200,000,000 or so have been issued - Trump owning about 115 million of those issued. That means the company has the ability to sell/use the 790,000,000 shares they hold as they see fit. They will almost certainly sell shares and dilute current shareholders as they ramp up investments.
In an indirect way, keeping the stock price up helps the company sell more shares and raise capital down the road.
Posted on 10/15/24 at 2:31 pm to Kjnstkmn
quote:
There was no one time IPO, it was a SPAC.
Look it up.
Where did you purchase your shares of DWAC?
Posted on 10/15/24 at 8:16 pm to JohnnyKilroy
E*Trade
Made a killing on oilfield stocks buying in for 20K right after Covid hit and oil was -$30 a barrel, 5X profits. Reinvested 75% of that back into DWACW warrants with an average share price of like $4 something and then kept buying over and over.
Made a killing on oilfield stocks buying in for 20K right after Covid hit and oil was -$30 a barrel, 5X profits. Reinvested 75% of that back into DWACW warrants with an average share price of like $4 something and then kept buying over and over.
This post was edited on 10/15/24 at 8:22 pm
Posted on 10/15/24 at 8:27 pm to Kjnstkmn
The CEO and CFO sold about $1.8 million at $~23/share in Augus. I wonder why?
Posted on 10/15/24 at 8:32 pm to slackster
Couldn’t tell you, it’s above that now. Devin might have needed some cash for his winery, lol.
You can follow him @DevinNunes and $DJT stock on Truth.
You can follow him @DevinNunes and $DJT stock on Truth.
This post was edited on 10/15/24 at 8:32 pm
Posted on 10/16/24 at 6:50 am to JohnnyKilroy
quote:
You also have to factor in the fact that Donald Trump will probably be dead sometime in the next 10 or so years. They have his name, but the guy everyone is rallying behind doesn’t exactly have that much time left.
This is an excellent point.
Posted on 10/16/24 at 9:02 am to UltimaParadox
Literally gambling, company is absolutely worthless.. Their platform basically has no users and makes pennies. This whole thing has been founders dumping shares on retail.
Yeah the stock may pop some if he gets elected, but that is the only catalyst. It's not a real company
________
This. I don't invest in companies with fundamentals as bad as DJT.
Yeah the stock may pop some if he gets elected, but that is the only catalyst. It's not a real company
________
This. I don't invest in companies with fundamentals as bad as DJT.
Posted on 10/16/24 at 11:31 am to KennytheTiger
Also, why is Trump winning something that would make DJT more valuable?
When Trump wins, I don't want him spending time focused on building out Truth/streaming/etc. I want him acting as President.
I feel like Trump losing *should* be better for the company than him winning.
A final point, why is DJT attractive now that X exists? It's alreadythe "Free Speech" alternative and has much much more financial backing and a 1000x larger user base than Truth.
When Trump wins, I don't want him spending time focused on building out Truth/streaming/etc. I want him acting as President.
I feel like Trump losing *should* be better for the company than him winning.
A final point, why is DJT attractive now that X exists? It's alreadythe "Free Speech" alternative and has much much more financial backing and a 1000x larger user base than Truth.
Posted on 10/25/24 at 12:28 pm to BarberitosDawg
(11.13%) upswing today with a 47.2 mil volume running.
Just saying Nazi Gold is good!
Just saying Nazi Gold is good!
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