DWAC Should I pull the trigger today or wait?

posted 2 years ago by B1GdickBonanza 2 years ago by B1GdickBonanza +30 / -2

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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– bcfromfl 10 points 2 years ago +10 / -0

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.

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– blacksmith21 2 points 2 years ago +2 / -0

The all time high was 175.00. DWAC is sitting at half that right now.

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– dook 3 points 2 years ago +3 / -0

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?

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– blacksmith21 1 point 2 years ago +1 / -0

Exactly. I'm in it for the long term. But I couldn't let a 15X multiple go by either.

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– dook 1 point 2 years ago +1 / -0

Exactly. I would have sold at 15x, pocketed a little cash and bought back in after the huge dip.

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