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?
I sold 20 shares (10%) at $175 (lucky sell order triggered during a 13 second window between halts) to cover my initial investment. Sold 20 more at $150 and bought back 40 at $70. If there is a spike tomorrow I may pounce and buy the next dip.