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Started By
Message
re: DWAC
Posted on 10/22/21 at 7:09 am to slackster
Posted on 10/22/21 at 7:09 am to slackster
I’d agree with you on this point, but you have to consider there are people trading this stock that know nothing about valuations or when to sell, they are digging in and holding long term because it’s Trump.
This post was edited on 10/22/21 at 7:10 am
2
Posted on 10/22/21 at 7:12 am to bass
with 13.5m volume in PM i think we are in for another wild day here
Posted on 10/22/21 at 7:15 am to bass
quote:
I’d agree with you on this point, but you have to consider there are people trading this stock that know nothing about valuations or when to sell, they are digging in and holding long term because it’s Trump.
Yeah that’s the point I’ve been making - it’s all hype and FOMO and has zilch to do with the underlying business or Trump wouldn’t have sold the ownership stake so cheaply.
Eventually it will trade like “normal” but in the interim anything is possible.
Eta- I’m sure DaTruth will say I’m butt hurt for simply pointing this out.
This post was edited on 10/22/21 at 7:18 am
Posted on 10/22/21 at 7:15 am to Pezzo
It's just crazy there are still enough buyers to support a price right now above $80 given all the massive profit taking that has to be going on from those that bought yesterday. The people buying today are going to be lambs led to the slaughter over a long enough time horizon. Fascinating to watch....
Posted on 10/22/21 at 7:16 am to slackster
Trump sold his stake already? He missed the big run yesterday?
Posted on 10/22/21 at 7:17 am to GeneralLee
i was just thinking, who is buying at these prices?
Posted on 10/22/21 at 7:17 am to GeneralLee
How many stocks are available for purchase? How many people are putting their stocks up for sale? Good luck short sellers
This post was edited on 10/22/21 at 7:18 am
Posted on 10/22/21 at 7:19 am to Pezzo
quote:
was just thinking, who is buying at these prices?
I was thinking the same thing yesterday. and now its up another 90%. I am having to fight my FOMO and that means it will probably moon today
Posted on 10/22/21 at 7:20 am to GREENHEAD22
quote:
Trump sold his stake already? He missed the big run yesterday?
Whatever ownership stake he gave up to DWAC shareholders missed out on the gains.
Posted on 10/22/21 at 7:22 am to bass
quote:
How many stocks are available for purchase? How many people are putting their stocks up for sale?
Based on the nearly 500 million shares that traded yesterday, a lot. There is a lot of liquidity.
Posted on 10/22/21 at 7:26 am to slackster
Hence the 400% gain
Posted on 10/22/21 at 7:28 am to bass
quote:
Hence the 400% gain
Yeah of course, but there are a lot of people trying to flip it.
Posted on 10/22/21 at 7:32 am to bass
Wow, woke up to see this thing is up another 84%! 
Looks like we see $100 fairly quickly this morning!
Looks like we see $100 fairly quickly this morning!
Posted on 10/22/21 at 7:34 am to Pezzo
Holding for open. Should be another wild ride today. Good luck gents.
Posted on 10/22/21 at 7:42 am to CajunTiger78
i got in late yesterday but i am in!
LFG!!!!!!!!
LFG!!!!!!!!
Posted on 10/22/21 at 7:44 am to Fat Bastard
Did anyone else see the big swings 5 minutes ago? from $79 to $72 then to $69.69 and back to $79. It happened about ten times. I am looking at Robinhood so it may just be their app that was messing up.
Posted on 10/22/21 at 7:45 am to Large Farva
Saw the same. Weird
Posted on 10/22/21 at 7:51 am to Large Farva
Saw it too, was thinking short sellers were trying to drop it off a cliff but got shut down
Posted on 10/22/21 at 7:56 am to bass
83 pre market now
Posted on 10/22/21 at 8:02 am to Fat Bastard
Had trouble with 90, let's see if it can break it.
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