Lot's of hype still with DWAC.
My story: I bought DWACW (the warrants) before the market opened at $1.90 per share. I bought 10,000 for a total price of $19k. I bought through a Roth retirement account. Two days later we are driving to see my grandson and watching the market and DWAC is going crazy. For a brief moment my $19k investment was worth over $650k!!! TODAY the stock is trading at a 70% discount to it's recent high. You might be thinking "I bet you WISH that you had sold at the TOP?" But here are my thoughts: -who says that is the top? This stock has only been trading for 3 days. -The company is only an "idea" but it is a great idea and it has been in the making for a while with one of the greatest business minds in our lifetime. -I believe in the business and I believe in the movement. I believe that this company will be part of the plan for getting our country back. What an awesome time to be alive and have the opportunity to be a part! -I am NOT a trader, I am an Investor! There is a HUGE difference. -I plan to HOLD through the merger, through all the upcoming news cycles, through the ups and downs, and though all the negative fake news and posts. -My regret is not that I didn't sell on the run-up. My regret is that I didn't buy more when I got in - but if it keeps going lower I may add to my position. -Even though it is volatile at the moment I have MORE faith in the future of this company than I have even in the S&P right now. (If we don't get our country back the market is screwed in my opinion!) -My stock value may go to ZERO or it may go to $5M. -SURE I want it to rise, but I will have no regrets for investing into Trump Media if it doesn't. -I have always wanted to get a 100 bagger in the stock market - this might be the one?! -If it does go to $5M maybe then I will take some profit off the table. Until then I am HOLDING!
Any one else doing the same?
This stock will easily swing 25% up and down. It could easily drop 10% take you out and then go right back up. It is like asking why don't you just sell when it's high and buy when it's low. No one knows what the top or the bottom is. As an INVESTOR (not a trader) I don't care about the daily swings. I just care about the company. But for further study: Maybe you could ask Warren Buffet why he doesn't put a limit sell order on his stock. (hint: he's not a trader either) He has done pretty good in the market.