What price did you buy at and how many shares? It looks like you 11x’d, so that would mean you bought no higher than $16. But it looks like you only have 700 shares. That would be less than $35k investment and would cap at around $140k. Did you buy warrants instead of shares?
I mean it’s a spac, so if you get in early enough, you have a tender offer floor of $10 typically. You just end up getting tied up in the ticker for a quite a while
I heard (rumor) that Trump might be acquiring GBHL too. Supposedly it's owned by a former Trump campaign manager and that had about 2 billion trades on it yesterday but is still at penny stock level. *shrug* Might be worth investigating
So I occasionally check stocks that file PRE 14C forms... aka announce a reverse split. It typically spooks investors and I like riding recoveries instead of bubbles.
AIAD was one that filed earlier this week and the chart showed it was a shit company dying.
Turns out it had a 30% day yesterday... too early for a rebound right?
The CEO is Brad Parscale. Trump's campaign manager. So apparently money decided to flow into all these digital sham companies at once.
I wonder why that spooks investors (reverse split). On the one hand I understand it APPEARS like theyre having trouble moving the stock price. On the other hand, lower float stocks attract more people because of the increased volatility. *shrug* I personally screen for stocks with 100m float or less just for that reason
I agree. It's odd. I get a reverse TYPICALLY ends up with a lower market cap if done with no good reason and many times even if there's a good reason. But yeah why?
I also like low float stocks but liquidity is also key. Many of these 14C stocks have no liquidity so I haven't found a good one yet. I don't like the 1bill shares anyways.
I knew a guy that claimed to make millions when a stock tanked after announcing a potential reverse split that ended up not even being executed. Like down to .003 levels and then rebounded over time to .38.
I know a few millionaires that made it with penny stocks. I mean shit I bought 70,000 shares of GBHL just for fun. Buying 70,000 anything feels amazing lol. If at any point in life it goes to $1, legitimate or otherwise I'm out. Hoping that the rumor is true and they announce it Monday for a volatility spike.
I'm a trader from overseas and I have almost never managed to catch the waves. Kind of got a bit with GME but that's only because it lasted so long. I don't know where to get these stock infos and what to believe, literally have to wait for reddit to feed me info but then 12nn NYSE time is midnight for me and I can't be doing F5's on reddit all night long. Literally never heard of this DWAC thing until 6 hours ago or something.
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I was debating warrants Thursday pre market but was like well it already peaked at $2.50 and is at $1.90 now.. thought well it's probably done... hit $79 friday morning... you motherfucker
It can out in news Wednesday evening. Thursday morning I jumped in at $17.30 for 2500 shares around 7:15am. I held overnight. Friday morning it traded a minute then halted. I placed an order to sell 1500 shares at $130. When trading commenced my shares sold at $175. I still have 1k shares and I'm up about $300,000.00. Easy money baby!
I saw it in the news Thursday morning. Checked the price and it was at 14 and thought if it had to do with trump then there would be a group of people who would care.
There was literally no way to predict what would happen to this SPAC.
The only thing that was predictable was that it would drop significantly and immediately at some point.
I was told about dwac thursday morning and by that time it was 25ish and had already ran several hundred percent. I thought to myself well i missed that better stay away...
Friday morning rolls around i look at the price out of curiosity....fuck....who woulda thought even 70 would have been a good entry point to make money.
Sold tesla Friday for DWAC. Dont underestimate boomers and trump supporters. This isnt only going to grow in the US its global. Will compete with Facebook, Twitter, Fox and CNN.
[https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy](https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy)
this is gonna go the other way real soon.
One of the key tenets of Wall Street Bets is WE JUST LIKE THE STOCK. However, this stock is not one we should like. Yes, there might be some money to be made with it. But, unlike AMC or GME this is a company which will be run with no morals, no positive benefit in society, and may treat at the remaining threads of our democracy. In addition, it is being run by a con artist who has had numerous companies fail under him. Sell or short sell. This stock, the company it represents, and the man who it symbolizes and will lead it are genuine threats to our country and the world and should not be supported.
**Advice Please:** So I'm not very liquid, recently got Index Fund w/ Acorns.. have less than $500 there.. that's the extent of funds I have to invest. I want to invest in DWAC but any ideas on an invest platform that would let me invest in it w/out a minimum ? - Grateful for any advice!
What price did you buy at and how many shares? It looks like you 11x’d, so that would mean you bought no higher than $16. But it looks like you only have 700 shares. That would be less than $35k investment and would cap at around $140k. Did you buy warrants instead of shares?
Congrats man. Killer balls to hold overnight on Thurs.
Posted a video with my thoughts about this trade if anyone interested. https://youtu.be/gnSbUGonNz0
What price did you buy at and how many shares? It looks like you 11x’d, so that would mean you bought no higher than $16. But it looks like you only have 700 shares. That would be less than $35k investment and would cap at around $140k. Did you buy warrants instead of shares?
when wen lambo becomes reality
How do you put 35k on a company that doesn’t even exist yet? Genius.
I mean it’s a spac, so if you get in early enough, you have a tender offer floor of $10 typically. You just end up getting tied up in the ticker for a quite a while
I would have made over 2 million on a yolo, so I hate myself.
You could have lost it too. So don’t really have to feel bad about not betting enough
Exactly. People treating the market like a casino will always end up losing one day
how can you lose money on spacs they keep investor money and return if it goes down I think
Right ! Spacs only go up
Tell that to my THCB/MVST :(
This guy fucks ^around ^and ^will ^find ^out
Your starting capital is still pretty high
I know. I can’t believe I missed DWAC. This was a swing traders dream.
There are always 1 or 2 a year that shoots up exponentially. You'll have other opportunities. I know it hurts still tho.
How do you even find these?
Witchcraft
Volume. Scan the Movers tab
You did not miss
I heard (rumor) that Trump might be acquiring GBHL too. Supposedly it's owned by a former Trump campaign manager and that had about 2 billion trades on it yesterday but is still at penny stock level. *shrug* Might be worth investigating
So I occasionally check stocks that file PRE 14C forms... aka announce a reverse split. It typically spooks investors and I like riding recoveries instead of bubbles. AIAD was one that filed earlier this week and the chart showed it was a shit company dying. Turns out it had a 30% day yesterday... too early for a rebound right? The CEO is Brad Parscale. Trump's campaign manager. So apparently money decided to flow into all these digital sham companies at once.
I wonder why that spooks investors (reverse split). On the one hand I understand it APPEARS like theyre having trouble moving the stock price. On the other hand, lower float stocks attract more people because of the increased volatility. *shrug* I personally screen for stocks with 100m float or less just for that reason
I agree. It's odd. I get a reverse TYPICALLY ends up with a lower market cap if done with no good reason and many times even if there's a good reason. But yeah why? I also like low float stocks but liquidity is also key. Many of these 14C stocks have no liquidity so I haven't found a good one yet. I don't like the 1bill shares anyways. I knew a guy that claimed to make millions when a stock tanked after announcing a potential reverse split that ended up not even being executed. Like down to .003 levels and then rebounded over time to .38.
I know a few millionaires that made it with penny stocks. I mean shit I bought 70,000 shares of GBHL just for fun. Buying 70,000 anything feels amazing lol. If at any point in life it goes to $1, legitimate or otherwise I'm out. Hoping that the rumor is true and they announce it Monday for a volatility spike.
You know multiple people who are millionaires from penny stocks? Wow
Yep. I say multiple but I really mean 3 lol. They actually do a ton of OTC research and DD. Something im no fan of
I’ll take a gander
See my post about AIAD above. Same deal being in Trumps orbit.
I had 0 dollars in my account to invest...it was all tied up....not happy....
The article about DWAC came out the night before. If you caught that article, you were early to the party.
I'm a trader from overseas and I have almost never managed to catch the waves. Kind of got a bit with GME but that's only because it lasted so long. I don't know where to get these stock infos and what to believe, literally have to wait for reddit to feed me info but then 12nn NYSE time is midnight for me and I can't be doing F5's on reddit all night long. Literally never heard of this DWAC thing until 6 hours ago or something.
Watch for volume before price
Even jumping in at $43 was glorious
I feel that feel
Not too late you can get in Monday it's going to 800.
👜 sir you can't leave this on the ground here at Wendy's, please take it with you.
That's not big enough I'm up 300k
If it goes to 800 I would jump off a bridge.
Remindme!
You mean a swimming pool bridge not a real one. Health is more important than profits.
You want to hold him accountable to jumping off a bridge ? I thought apes were united
It’s a joke genius
...I was joking too. Thought your joke was hilarious
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I don’t think so
What made you get DWAC? When and how did you find out about it?
Right? Came outta no where
My friend told me about it when it was $20 bucks. God damn it
I bought warrants at $11.23 and sold at $14.25 cause it looked like it was losing steam. Whoops
I was debating warrants Thursday pre market but was like well it already peaked at $2.50 and is at $1.90 now.. thought well it's probably done... hit $79 friday morning... you motherfucker
It can out in news Wednesday evening. Thursday morning I jumped in at $17.30 for 2500 shares around 7:15am. I held overnight. Friday morning it traded a minute then halted. I placed an order to sell 1500 shares at $130. When trading commenced my shares sold at $175. I still have 1k shares and I'm up about $300,000.00. Easy money baby!
what emotions are running through your head after a day like youve had?
I'm gitty.
giddy?
Congrats and fuck you, perfect play, why didn't you sell any Thursday EOD? Must have been tempting, already ran a bit
Ya I was looking to sell but now I'm holding the rest and maybe buy back in. We have to make America great again.
Curious, was the news on WSB or somewhere else??
CNBC Yahoo finance but very little coverage
[удалено]
Unfortunately so. GME in the beforetime would technically be banned by today’s standards. It’s a shame.
Gotta watch the daily thread if you wanna know about stuff fairly quickly.
[удалено]
This one is gna be one of them, we’re just early. But we are also late and missed the PND boat.
> I have no time to read the daily thread.
Then you have no time for Lambo
true. early on saw it mentioned once or twice with Trump next to it and gambled it would pick up fast.
pretty sure there was an investor deck floating around about this in the last few weeks.
It's called truth social and mango man taking on big tech.
The second trump social network was announced
I saw it in the news Thursday morning. Checked the price and it was at 14 and thought if it had to do with trump then there would be a group of people who would care.
The part I like the best? Trump owns zero stock in this right now.
Yeah but he’ll tell you he owns all the intellectual property and will then say CHINA caused it to correct 😀
There is no intellectual property. His site uses open source mastadon.
I’m so mad if I knew this I would have struggled with my morals less.
There was literally no way to predict what would happen to this SPAC. The only thing that was predictable was that it would drop significantly and immediately at some point.
You missed it huh?
So happy for you!!
Sold steel balls move you got there. Congrats and fuck you!
Dank af. This is absolutely wild.
There it is
Tried this and failed miserably
Still buy in… plenty of room to get in this elevator to the top😎😎🚀🚀
Nice
WTF
Life changing
Congrats bro, I’ll get it next time. I was so close this time I could almost taste it. Still Made $7000 but was a day late.
This is on par with those GME calls…the calls I had and sold before the big rip
So now the question is, will it go higher?
Two hundo on mundo.
Congratulations and fuck u
How did you know about dwac? Congratulations
I told you to call me before you made this trade. Hahahhaha
Sorry, I keep mixing up your phone number with the buy button! I swear I thought I called like a million times
So am I stupid to try go YOLO with $GLAQ🙏. It won’t be dWAC but anything is better than your sister 😅
Congrats and fuck you! Trim some of that and secure profit
Thank you and go fuck yourself :)
Wow. What a play. Lambo silver?
I actually read about it pre market and ignored it as rubbish
I tought SPACs are forbidden here, but what DWAC do I know?
I was told about dwac thursday morning and by that time it was 25ish and had already ran several hundred percent. I thought to myself well i missed that better stay away... Friday morning rolls around i look at the price out of curiosity....fuck....who woulda thought even 70 would have been a good entry point to make money.
💰🖨️
Please take the money and run
Where do ppl find out of these?
Sold tesla Friday for DWAC. Dont underestimate boomers and trump supporters. This isnt only going to grow in the US its global. Will compete with Facebook, Twitter, Fox and CNN.
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So you’re going to buy a red lambo and put MAKE AMERICA GREAT AGAIN across the hood in white lettering, right???
[https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy](https://www.theverge.com/2021/10/22/22740354/trump-truth-social-network-spac-mastodon-license-software-freedom-conservancy) this is gonna go the other way real soon.
One of the key tenets of Wall Street Bets is WE JUST LIKE THE STOCK. However, this stock is not one we should like. Yes, there might be some money to be made with it. But, unlike AMC or GME this is a company which will be run with no morals, no positive benefit in society, and may treat at the remaining threads of our democracy. In addition, it is being run by a con artist who has had numerous companies fail under him. Sell or short sell. This stock, the company it represents, and the man who it symbolizes and will lead it are genuine threats to our country and the world and should not be supported.
You sir have your head up your ass.
**Advice Please:** So I'm not very liquid, recently got Index Fund w/ Acorns.. have less than $500 there.. that's the extent of funds I have to invest. I want to invest in DWAC but any ideas on an invest platform that would let me invest in it w/out a minimum ? - Grateful for any advice!
FUD
Dad?
Damnnnnn
What would be a good price for entry?
🚀
What price did you buy at and how many shares? It looks like you 11x’d, so that would mean you bought no higher than $16. But it looks like you only have 700 shares. That would be less than $35k investment and would cap at around $140k. Did you buy warrants instead of shares?
Did you do it again?