I'm about to drop ALOT of money into truth social (DWAC) but should I wait? Any pros out there with advice? I don't want to make the wrong move.
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I was a futures trader, not stocks. But your words, "...drop ALOT of money," and, "I don't want to make the wrong move," has red flags all over it. No trader ever goes all-in on anything, or makes an investment without understanding fully what he's doing. With all the warnings about an impending crash, I would wait.
yea im not a pro or anything and am kinda new to stocks, and i know its risky but i am going to pull the trigger with money i can afford to lose, but id rather not make the wrong move.
The all time high was 175.00. DWAC is sitting at half that right now.
I used to work with some traders, and your comment was a common error. It's called "high-side bias." Without going into a lot of analysis that you didn't ask for, let me just point out that DWAC started being a "thing" at $9. That's your risk-side bias, the flip-side of the trade. A trader must always measure risk vs. reward, and not be manipulated by their subconscious desire for potential gain.
Correct. But the all-time high also shows what a security is capable of reaching and reflects the amount of potential headroom left for the stock, even if it's nothing more than a psychological benchmark. I bought a lot of DWAC at 12.75 and somehow managed to sell a nice chunk at 175.00 (my timing is not usually that good). I'm still sitting on a few thousand shares and waiting for the launch.
happened to be on GAW when the post came out about dwac dwacw . i got in on warrants at $3.00 but did not have funds enough in account to buy dwac watched the stocks soar with numerous circuit breakers. since picked up more dwac and holding. Whoever posted with the heads up on early release of the stocks i thank you
That was the first day it launched. From my point of view, I got in @ $62 a share and not doing too bad a month later. DWAC is a long term investment. IF it's successful it's market share is going to be worth more than the current $85 a share or it's all time high of $175. Maybe we can revisit this conversation in 2025?
Exactly. I'm in it for the long term. But I couldn't let a 15X multiple go by either.
Exactly. I would have sold at 15x, pocketed a little cash and bought back in after the huge dip.
Warren Buffett would counter and say you do go heavy on one thing when you know it's going to be good. He said that is more effective than diversifying (I think his words were, any idiot can diversify). I see his point, but to your point, yeah if you don't know what you are doing, going in on one thing could be disastrous.
This is precisely the reason why Buffet's advice is disastrous for small investors. He has the luxury of a massive amount of cash, so, he can afford to wait out a trade that goes against him, or even sell at a loss. This could be enough to completely wipe out someone just getting started. ALSO...he is privy to information that the rest of the investing world doesn't have.
Hold 5 years!
This is the way.
I feel like there will be a dip before the go live, I am no expert but that seems to be the way they like to try and fuck things with theirs algos.
i agree and i am hoping it dips hard today or tomorrow but i hear they pushed back release date until march? but, is there still going to be a massive pump monday?
Yeah I think they pushed back the launch date, so I would think it would be closer to it at the end of March or what not. I don't see a significant dip coming today, but tomorrow one may. Just may not be as low as they will bring it down next month. Just a guess of course.
Dip is relative.
Last month it hit the 70s and dipped in the 60s. Now $60 prices are gone, now we are in the $80s and dipping into the $70s. As we get closer to end of Q1, I believe the $70 prices are going to disappear and we will be in the $90s dipping into the $80s. This is not financial advice.
Also The Feb 21 release date is Apple not TruthSocial. Where they got that date, nobody knows, but Nunes has been in the news both last week and this week saying the launch has always been "end of Q1". I believe Nunes over Apple store.
Good deal, I am not so sure tho 60s or 70s are gone. Again just my opinion but these people hate Trump, i wouldn't be surprised if they mess with it to get it to drop.
I swear in an interview I heard it right out of Trumps mouth 2/21.
The mind can easily fool you. Only apple store listed the app with this date. We all ran with it as gospel.
Yes, I was trying to find where I thought Trump said that and couldn't. Maybe he said it would be available on app. I reserved mine. I will let everyone know if it is downloadable on 2/21.
No one can say for sure, but based on the historical you're buying in near the all time high, which is usually a no-no.
Also, there's indicators the market could tank any time (war, raising interest rates, etc.) DWAC would almost certainly drop with the rest of the market.
You could do an average-in as a safer play. For example, 25% now in case it rips, then save ammo for dips.
The all time high was 175 and it’s at 88
i do plan on holding for at least 6 months, unless theres a huge surge very soon
From what others have said on here, you're better off getting the warrants, DWACW. You can apparently change them over to regular shares by paying a fee, and getting those shares at a lower price.
Warrants are only good if you are going long.
They can only be converted to shares 30 days after the merger or after 9/29/2022 (whichever happens LAST).
If you are buying to sell once the stock explodes, then warrants are going to tie your hands on that. If you want to get your hands on as many shares as possible, and sit on them for years and hope to go through a few stock splits and be sitting on a $1000+ a share years down the road, then warrants should be very attractive. This is not financial advice.
I just bought.
I am not a stock guy. But just watch things.
Unless the company somehow crashes and burns - it is going to go up.
If this is the big thing people are hoping for, and the payback coming to legacy media for the last 5 years (and 100 years) of lies and treason - it is going to go up a LOT.
I told a friend who dabbles in stocks the day of to buy it. It was already doubled from opening, and they were worried it would go back down. Then soon after went to 175....they were not happy they missed out.
It seems like the odds are very low that this crashes and burns. If it does it means bad things all over for a lot of reasons. And if things go well - it seems like it is going to go a lot higher still over the next year or two years at least.
Good question and exactly what I’ve been wondering myself
Don't invest any money in anything remotely volatile that you can't afford to set on fire.
Just a general rule for life.
Even pros make the wrong move. That is why the decision on where to invest needs to be yours alone. No one can predict what will happen with DWAC.
I am no pro, but I view DWAC as a long term hold. Things may change. However, the marketcap it could capture can be huge. TS right now is a twitter like app but they are wanting to get into streaming service (netflix) and other things. I personally think it would make sense to get into payment processing like paypal. Loads of potential and long term returns.
Just think of Apple, in 1980 you could have a handful of shared for $22 each. Today those shared would be worth north of $25,000 each due to all the stock splits over the years.
Should have bought at 9. I got in at 49. IMO im not buying im holding on this one. At least until the peak after site goes full live.