Today is President's Day.
Traditionally, the Market is closed today.
https://fortune.com/2022/02/21/open-closed-presidents-day-2022-mail-banks-stock-market/
That means today's gains on DWAC and tomorrow's gains on DWAC are going to come in at the same time tomorrow.
Everything going on today is speculation, which means controlled by their algorithms and the international appeal. The US Market is not entirely reflected in the current numbers.
Since they are naked-shorting the stock, a "day off" means they cannot anticipate just how much of a splash it is going to make.
That's why Truth Social announced a delay to mid/late March and then span around and did it on the 21st like they said they would anyway. It was an easy opportunity to feint the market.
I expect some hedge funds are biting their nails right now. Tomorrow is gonna be explosive. Expect censorship and hush-hush on some people taking the window exit tomorrow in New York.
Good, I own some, I think it’s up, like 54% since I bought it.
Don't expect a return.
Treat DWAC as a campaign contribution.
Your "candidate" might not win, and sometimes that's planned.
Trump might be using the stock to torpedo the market, knowing they can't resist shorting such appetizing bait.
I have no doubt it will bounce back and be a real company/stock.
But don't rule out the possibility that the entire scheme was meant to strike at the heart of the foe with wild abandon.
Edit: In other words, HODL
FB stock plunged -20% this month. This is just one vacuum DWAC will fill. Censorship and fake news is a bad business model.
FB ala Meta tanked because for the first time, ever, the company lost DAU. So analysts and huge investors (not small tadpoles like us) don’t see the growth in the coming years … add the silly Metaverse (aka rebranding) they did, massive loss on the younger generation, the Fed idiotic monetary policy AND the constant scare of Russia-Ukraine…FB is a dying company.
The entire market tanked. FB tanked far more. I hope the company shrivels up.
Holding for 5 years minimum, I might be taking a chance, but, I think this will explode, you know that there is expecting to be a tv network too. If there is, I’m in on the ground floor. Just wish I had bought it a bit earlier, when it was super cheap.
I think the stock will do well. As traditional media companies crash due to their false reporting, DWAC will swallow them up.
Got some already!
Ok here's an honest question...how would someone who knows absolutely nothing about the market go about buying some shares?
Go to e-trade or fidelity and open an account, link your bank acc or wire transfer money. Very simple.
Buy a share or two of GME as well
HODL
Why GME?
While I know market theory, I've not engaged with it myself.
The reason being? There are too many sharks waiting to dupe you into the "official" way to trade.
Basically, in order to trade stocks you need a stock-broker on location in Wallstreet, or whatever your regional hub is, buying and selling shares as all the machines are whirling in front of him.
These guys buy up shares in bulk, and then their team down the street moves them to the proper holding groups.
Those holding groups have several shell companies which sell the shares to the end-holder, which would be you and I.
When you buy stock, it necessarily has to go through several hands of ownership before you can lay claim to it.
And depending on what company you are moving your stocks in, depends on whether or not you simply have a stake in ownership (that is a claim to what the broker group owns) or whether or not you actually have the ownership certificate in your possession.
So, you have to pick your poison. Which group do you give your bank account information to own your stocks which you simply lay claim to?
https://www.google.com/search?client=firefox-b-1-d&q=online+stock+broker
Robinhood, as an example is one of them. You have all your stocks wrapped up in Robinhood, but you don't technically own them. You just have a stake in them. Robinhood's corporate overlords own the stock, and have the capacity to cash you out by force if they don't want to deal with you anymore.
That's how they got away with shutting off the ability for people to buy DWAC when it came out. Because you don't own the stock, you just own the stakes and the money you gave them. They are the ones buying the stock, not you. You simply provide the capital.
https://www.investopedia.com/terms/c/capital.asp
But you can purchase the stocks and then computer share them so that it is the same as having the paper copies. Not sure if direct computer sharing is a option with Robinhood though
Yes, in this day and age … it’s all IOUs, gone are the paper certificates :)
“Treat DWAC as a campaign contribution” … that Sir, is VERY good advice.
Most people have zero, ZERO idea how the equities market work, company valuations, finance inflows, etc etc, so the investment is purely based on emotion on top of extreme speculation.
I had been putting it off, but finally bought some on Friday. Glad I did.
Darn I wanted to buy some Fri but didn't get around to it. Too late now?
Honestly think it will destroy Facebook and Twitter in the long run. On the other hand, I think the entire market will collapse, and wouldn't be too surprised if DWAC, or Truth Social at any rate, gets bought by the new Old Republic to become a government utility like the post office. Watch and buy the dips!
No. Judging by the German markets today will be a big drop and opportunity to buy at a discount tomorrow. But I’d bet it quickly rallies by end of day. Sit back in the morning and watch everything tank and pick your buy in time wisely when you see the trend turn upward and regain about 10% of the loss then feet first and take a deep breath.
Wow!
i got 76 shares and im HODLING. Why? Because fuck em thats why.
That’s the exact same amount that I own.
hell ya fren! we can do symbolism too assholes.
Definitely. I am not one tiny bit worried about short term. I'm holding lots of DWACW, and a tiny amount of DWAC.
I just wish I had more to throw at it, especially in the early days.
We are still in the early days. $10 a share was a tiny window but the potential market cap is huge.
Holding for 5 years minimum. Thanks.
Buy and sell a stock in an acquisition company before they’ve acquired anything. Lol. I did a little dump when it hit 175.00, but I’m balls deep for the long haul. DWAC gonna buy me a new boat.
Boats are expensive.