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re: DWAC

Posted on 10/21/21 at 9:35 pm to
Posted by GeneralLee
Member since Aug 2004
13879 posts
Posted on 10/21/21 at 9:35 pm to
Sure it can go up more short term (wouldn’t be shocked to see $80-100 tomorrow), but long term it will go sub $10 after the SPAC merges and the PIPE can sell off. Easy money was the money made today…. Tomorrow and beyond is Russian roulette type money.
Posted by JDPndahizzy
JDP
Member since Nov 2013
6841 posts
Posted on 10/21/21 at 9:36 pm to
It seems I’m always a day late lol
Posted by spacbuckeye
Member since Jan 2021
56 posts
Posted on 10/21/21 at 9:37 pm to
Don't think there is any pipe
Posted by GeneralLee
Member since Aug 2004
13879 posts
Posted on 10/21/21 at 9:39 pm to
Even if there isn’t any PIPE, it’s still a SPAC and will go back towards $10 post merger or after this buying frenzy subsides.
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/21/21 at 9:42 pm to
Someone needs to tell me these 10x stonks before they go 10x
Posted by supadave3
Houston, TX
Member since Dec 2005
31184 posts
Posted on 10/21/21 at 9:43 pm to
quote:

Well, I bought 6 shares @ $69.50 ea AH. Immediately feeling buyer's remorse.

Might not be much money to some people, but it is to me. Really hope it goes up a bit to get a safe exit.


You’re on your own on this one. I wish I would have magically had some $10 shares but no way I’m touching this one now.
Posted by Upperdecker
St. George, LA
Member since Nov 2014
31876 posts
Posted on 10/21/21 at 9:48 pm to
Fun day. I put some money in at $13.50, sold 80% at $51, kept some to see if it gaps up tomorrow. Thinking tomorrow sees $100
Posted by Large Farva
New Orleans
Member since Jan 2013
8595 posts
Posted on 10/21/21 at 9:53 pm to
I had a sign from the money gods to keep holding. I had a stop loss at $40. It went to $40.01 then bounced. After hours was as high as $74. That’s insane.
Posted by supadave3
Houston, TX
Member since Dec 2005
31184 posts
Posted on 10/21/21 at 9:53 pm to
quote:

Someone needs to tell me these 10x stonks before they go 10x


Yeah, all these bragging post, would have been nice to have known this yesterday or at 9:00 a.m while staring aimlessly at my phone with $1k to burn….yeah, that would have been nice. Ha
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 10/21/21 at 9:53 pm to
quote:

Sure it can go up more short term (wouldn’t be shocked to see $80-100 tomorrow), but long term it will go sub $10 after the SPAC merges and the PIPE can sell off. Easy money was the money made today…. Tomorrow and beyond is Russian roulette type money.


I get that people don’t want to hear it, but Trump valued this idea at $875 million or $1.7B fully diluted. The market has valued it 4x or so higher. You’re either in day trader land or you think Trump completely missed the boat with how much he gave up for a quarter on the dollar.

Like I said, good luck.
Posted by Ross
Member since Oct 2007
47825 posts
Posted on 10/21/21 at 9:55 pm to
I tend to get lucky and get in early on these meme stocks but never have the balls to go in big early
This post was edited on 10/21/21 at 10:23 pm
Posted by bass
Member since Oct 2016
4451 posts
Posted on 10/21/21 at 9:58 pm to
I started buying the stock in the $12 range premarket and continued throughout the day and even into AH. I’m hoping tomorrow sees a big spike early on and there’s no pressure to sell, we shall see.
Posted by slackster
Houston
Member since Mar 2009
90110 posts
Posted on 10/21/21 at 10:00 pm to
quote:

I tend to get lucky and get in early on these meme stocks but never have the balls to go in big early :banghrad:



Don’t beat yourself up. It takes a tremendous amount of confidence in the stupidity of man to make life changing money in these trades. Such is life.
Posted by DaTruth7
Member since Apr 2020
3926 posts
Posted on 10/21/21 at 10:23 pm to
Get your poor arse out of this thread. Go mope elsewhere.
Posted by Pezzo
Member since Aug 2020
2609 posts
Posted on 10/21/21 at 11:22 pm to
If you have buyers remorse then wake up at 4 am and get out asap. It’ll likely hit the 70s again at some point PM
Posted by buckeye_vol
Member since Jul 2014
35359 posts
Posted on 10/21/21 at 11:37 pm to
Well apparently they’re planning to keep with Facebook and Twitter (those are obvious); Disney, Netflix, CNN, and IHeartRadio; and eventually, Amazon, Google, Stripe, and Microsoft. Those non-social media company markets, seem a little optimistic, and if they were they were that optimistic, they should have valued it much higher.

Posted by buckeye_vol
Member since Jul 2014
35359 posts
Posted on 10/21/21 at 11:38 pm to
Now this is a little weird (particularly the Wuhan address):
quote:

Ok - this Trump : $DWAC SPAC is the greatest shite ever.

The DWAC CEO has an address in Wuhan, Hubei! (No joke)

The CFO is a CURRENT congressman in Brazil.

The Trump TRUST Social product doesn’t even exist. Wtf

Can you imagine the insider selling when the lockup expires?

Twitter
Posted by Box Geauxrilla
Member since Jun 2013
19175 posts
Posted on 10/22/21 at 12:37 am to

The one thing they’re missing in this puzzle is adoption.

No democrat will download the Trump social media app, and moderates won’t want their friends knowing they are on a “right-wing social media app”. That’s if Apple even allows it to stay on the App Store.

This will most likely go the way of Parlor.
Posted by bass
Member since Oct 2016
4451 posts
Posted on 10/22/21 at 3:17 am to
It’s 3:15 am and this bad boy is spiking up to $75 now
Posted by DaTruth7
Member since Apr 2020
3926 posts
Posted on 10/22/21 at 4:03 am to
Don't see how it doesn't flirt with 100 today and probably dip after that. But by next Monday who knows where this would be. Could be 150, or could be 50.
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