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re: DWAC

Posted on 10/22/21 at 10:28 am to
Posted by Pezzo
Member since Aug 2020
2075 posts
Posted on 10/22/21 at 10:28 am to
let it ride all the way up as well as down. let the fight happen at $250 where it belongs
Posted by slackster
Houston
Member since Mar 2009
87038 posts
Posted on 10/22/21 at 10:33 am to
quote:

let it ride all the way up as well as down. let the fight happen at $250 where it belongs


I can guarantee the ride down would be far worse as stop losses get triggered. I know you don’t like them, but the halts are a net positive for longs.
Posted by FMtTXtiger
Member since Oct 2018
3970 posts
Posted on 10/22/21 at 10:36 am to
tried to get back in 75 damn.
Posted by Pezzo
Member since Aug 2020
2075 posts
Posted on 10/22/21 at 10:37 am to
how so? because right now longs are getting fricked. volume isnt even close to what it was yesterday at this time so you cant say increase in volume is causing halts. if the system handled it sop well yesterday then why isnt it handling it today?

Posted by TigeRoots
Member since Oct 2008
8514 posts
Posted on 10/22/21 at 10:37 am to
Got in at $83. Market Cap of $2bln, I'll nibble a little bit.
Posted by DaTruth7
Member since Apr 2020
3817 posts
Posted on 10/22/21 at 10:37 am to
Back in at 86
Posted by Black n Gold
Member since Feb 2009
15477 posts
Posted on 10/22/21 at 10:38 am to
This will be back over $100 by end of day.

I told the wife to splurge and buy the 5L Franzier for tonight.
Posted by Lgrnwd
Member since Jan 2018
5675 posts
Posted on 10/22/21 at 10:39 am to
Another run up to the upper end of todays trading range?
Posted by deltaland
Member since Mar 2011
92678 posts
Posted on 10/22/21 at 10:39 am to
People like the emotional ups and downs because it’s basically gambling.

But you’re correct, the stop losses prevent panic selling, and also allow for investors to buy the dip. Stops prevent irrational emotional decisions
Posted by Lgrnwd
Member since Jan 2018
5675 posts
Posted on 10/22/21 at 10:41 am to
I agree. If it wasn’t for the halting, I wouldn’t even think of touching this thing
Posted by slackster
Houston
Member since Mar 2009
87038 posts
Posted on 10/22/21 at 10:42 am to
quote:

how so? because right now longs are getting fricked. volume isnt even close to what it was yesterday at this time so you cant say increase in volume is causing halts. if the system handled it sop well yesterday then why isnt it handling it today?


The halts are automatic triggers based on a set of rules on the Nasdaq. If the prices moves too far too fast, both up or down, the stock gets halted. They’re not just whimsically deciding to halt it.
Posted by TigeRoots
Member since Oct 2008
8514 posts
Posted on 10/22/21 at 10:42 am to
Trump is worth at least a $10 bln market cap
Posted by slackster
Houston
Member since Mar 2009
87038 posts
Posted on 10/22/21 at 10:43 am to
quote:

Trump is worth at least a $10 bln market cap


Considering the fact DWAC will not even be the majority owner, he’s already got it.
Posted by deltaland
Member since Mar 2011
92678 posts
Posted on 10/22/21 at 10:45 am to
I do worry because this is Trumps thing that the powers that be will do all they can to ensure it crashes and burns. However it could backfire as people will fight it by buying more and holding it as a form of protest.

I’m in for the long haul. That’s why I didn’t invest a whole lot, if I lose it then it won’t hurt me. If I make a few thousand then great. I’m here for the ride just to see how the battle goes
Posted by slackster
Houston
Member since Mar 2009
87038 posts
Posted on 10/22/21 at 10:49 am to
I’d be an investor in a Trump platform, but not at simply any price. Essentially 11 figures for his name and an idea seems a little steep.
Posted by Ted2010
Member since Oct 2010
38958 posts
Posted on 10/22/21 at 10:50 am to
My order went through when the market opened this morning. It’s a roller coaster today but I’m riding it
Posted by Who_Dat_Tiger
Member since Nov 2015
19076 posts
Posted on 10/22/21 at 10:51 am to
Why was I not on MT board yesterday
Posted by Ted2010
Member since Oct 2010
38958 posts
Posted on 10/22/21 at 10:53 am to
quote:

That’s why I didn’t invest a whole lot, if I lose it then it won’t hurt me. If I make a few thousand then great.


Same here. I bought with an amount that won’t hurt me to lose. But the upside is being able to walk away up a couple or so thousand...hopefully
Posted by jimbeam
University of LSU
Member since Oct 2011
75703 posts
Posted on 10/22/21 at 10:55 am to
Good thing I made $50 on DWACW so I can eat lunch today!! No thanks to any lithium companies!!
Posted by deltaland
Member since Mar 2011
92678 posts
Posted on 10/22/21 at 10:55 am to
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
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