Posted on 10/25/2021 6:31:53 AM PDT by Presbyterian Reporter
RE: Gettr
IMO, TRUMP wanted controlling shares and was unable to make an agreement.
The best way to play SPAC’s is to buy in early and use multiple trailing stops to ladder out as it begins to fall back. Most SPAC’s will bounce around a few times until they settle. Ultimately you want to stop out enough to cover your original outlay+ costs/tax, from there on you’re playing with free money.
I am surprised that none of the conservative bloggers and alternate news sites are writing about DWAC.
Tells us more about those bloggers and sites than it does about DWAC.
Multiple halts on delirious trade volume, when the share price is rocketing, cratering, or crazy volatile, is not uncommon.
Thx for the link!
Trump media SPAC stock doubles, bringing 2-day gains to 800% in retail-trading frenzy
PUBLISHED FRI, OCT 22 20218:27 AM EDT
UPDATED FRI, OCT 22 20214:04 PM EDT
Yun Li
https://www.cnbc.com/2021/10/22/trump-social-media-spac-digital-world-acquisition-corp-surges-another-100percent.html
Trumps app will have 50M users by the end of the first year.
I have made such extrava-zorbitant gains on BitCoin that I need to offset them with some mega-losses. What could I choose to solve this problem? Hmmmm .......
I bought 200 shares at $24 Thursday and watched all the excitement as it rose to $45 at the close. Then on Friday morning it rose as high as $175 but it was halting and failing to update for 20 minutes at a time.
That and the fact that the price kept dropping made me nervous, so I sold it all when it the price hit $100. So, I made a quick $15k profit in several hours.
I love Trump, but I just saw this as an opportunity to make a buck.
I doubt this stock will have another run like it had, or be a winner in the long term - but what do I know.
Most of my investments are in an indexed stock portfolio at Vanguard that tracks the S&P 500.
My only other individual stock is Tesla, which I failed to jump on at the beginning and regretted. After the Covid stock market crash in February of 2000, Tesla dropped back down to $350 after being over $400.
I saw that as an opportunity to get into Tesla at a good price - but arranging a brokerage took longer than I though so didn’t get in until it was just over $700. I bought 33 shares which later split to 200 shares.
I decided to hold onto Tesla through thick and thin just because I think Musk is a winner.
The DWAC stock - I just don’t feel like it was anything worth getting hopes up about in the long term.
I think when you invest in stock you will always be tempted to second guess - if only I had bought it sooner… if only I had sold it when it peaked. If only I had bought Amazon in 1992.. etc…
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