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re: DWAC

Posted on 10/22/21 at 9:34 am to
Posted by GREENHEAD22
Member since Nov 2009
20486 posts
Posted on 10/22/21 at 9:34 am to
So you upgrading to a BlackJack now?
Posted by deltaland
Member since Mar 2011
99890 posts
Posted on 10/22/21 at 9:34 am to
Went ahead bought more at 83. Let’s hope that was the low point now back up to 98
Posted by PlaylikeJeter
Member since Oct 2013
779 posts
Posted on 10/22/21 at 9:35 am to
Just sold. Made 123,650 off of 8,000!!!!!!
Posted by ksayetiger
Centenary Gents
Member since Jul 2007
70129 posts
Posted on 10/22/21 at 9:36 am to
quote:

Crashing like Trumps lead overnight


Does robinhood do mail in stock options?
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/22/21 at 9:37 am to
It’s much safer that way
Posted by deltaland
Member since Mar 2011
99890 posts
Posted on 10/22/21 at 9:37 am to
quote:

Same here

But I sold 10 shares at 140 to almost triple my initial

I'll let the rest ride out


I missed DWAC to get it that cheap I got it at 69. Still ahead but not enough to sell. I got in at PHUN this morning at 7 and cashed out what I bought in for already, letting the rest ride
Posted by ItNeverRains
Offugeaux
Member since Oct 2007
28166 posts
Posted on 10/22/21 at 9:39 am to
Got stopped out at 98, still holding 100 shares, 30 K in profits in less than 24 hours. Not a bad play.
This post was edited on 10/22/21 at 9:40 am
Posted by Rebel80
Member since Sep 2016
262 posts
Posted on 10/22/21 at 9:41 am to
$115 ..let’s go!
Posted by Black n Gold
Member since Feb 2009
15783 posts
Posted on 10/22/21 at 9:41 am to
It's climbing again.
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 10/22/21 at 9:42 am to
climbing back up!
Posted by deltaland
Member since Mar 2011
99890 posts
Posted on 10/22/21 at 9:43 am to
PHUN just bombed out to 9 dollars
Posted by CajunTiger78
Member since Aug 2017
2879 posts
Posted on 10/22/21 at 9:44 am to
And now PHUN is back up to 11
Posted by DaTruth7
Member since Apr 2020
4043 posts
Posted on 10/22/21 at 9:45 am to
All the halts are causing havoc. Damn cheaters.
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 10/22/21 at 9:46 am to
My guess is it ends the day around $70 and slowly bleeds back down to $40-50 over the next few weeks. Still a crazy high valuation but they'll be enough people holding it as a message to the establishment, kinda like AMC and GME, that'll it'll hold a ridiculous valuation long-term even.

Pissed I missed out on life changing gains here, but it is what it is. Main lesson I learned is to look out for a SPAC that could have a similar type run like this. Most people don't know that the floor on a SPAC pre merger is ~$10, so those buying at $12 pre-market yesterday only had 20% max downside before the merger took place. That kind of downside protection is very rare in a spec play like this. Those buying in at current prices now have ~90%+ downside...
Posted by bass
Member since Oct 2016
4650 posts
Posted on 10/22/21 at 9:46 am to
Still holding. Money is like dirt, a little comes in, a little goes out.
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 10/22/21 at 9:47 am to
Bro you should be taking gains here on 100% of your shares. This is crazy money to be making and you should be thanking your lucky stars and cashing out.
Posted by bass
Member since Oct 2016
4650 posts
Posted on 10/22/21 at 9:49 am to
I’m not really concerned with the swings, I want to know the merger details before I sell.
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 10/22/21 at 9:50 am to
What details do you need? LOL this is trading at 12X the valuation that the SPAC investors agreed to buy in at. Only other SPAC that has had this high a spike was NKLA, that went up to $90 but is now back around $10, where this one will eventually end up as well.
Posted by Civildawg
Member since May 2012
10148 posts
Posted on 10/22/21 at 9:50 am to
So you just ignoring that GME has been around 180 per share still after all this time when before it was like 10?
Posted by GeneralLee
Member since Aug 2004
13945 posts
Posted on 10/22/21 at 9:52 am to
GME wasn't a SPAC. There are forces at play with a SPAC that will like 99+% odds make this crash back to $10 after the merger happens.
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