DWAC had it's HIGHEST closing price ever yesterday. Today may quietly break that record AGAIN!
LET'S GOOoOo
TRUTH SOCIAL is slowly and methodically rolling out. Almost as if under the radar with all the things going on in the world. But on a big down day in the markets yesterday, DWAC closed at a NEW all time high closing price. Sure it hit 175 mid-day on 10/22/21. But the closing price on 10/22/21 was 94.20. Yesterday's close was 95.10. Today may even be higher?!?!?!????? HOLD THE LINE!!!
All my stocks red except for DWAC.
Hope it goes to moon.
FWIW - I think DWACW is the best deal going right now. These are warrants for the stock which basically give you a 5 year option to buy the stock at 11.50 per share, The warrant can be sold right now but not exercised until around Sept 2022. They are trading at a huge discount right now and as soon as I get some more $ I am buying more!!! So please DON'T spread the news about this just yet! LOL!!!!!
Where would you recommend someone begin reading/learning about warrants? They are a little daunting to someone with no experience in this area; I'm worried that if I get some dwacw I won't be able to exercise them properly or at the proper time, I just don't know much about them at all. Ive got 13 shares of DWAC that im holding on to, but would love to throw some DWACW in there
Search "SPAC warrants" for a lot of info about warrants in general. They are all very similar. I think there are some good videos on youtube about DWAC warrants as well.
How / When do you exercise warrants? Do you just call your broker? Can it be done online? I thought the time limit was a month after the merger happened.
Time limit to exercise is 5 years. The exercise happens either 30 days after merger or 1 year after announcement (whichever is later). That is why I believe people have said around Sept 2022. You do not have to immediately exercise your warrant (you have 5 years). But when you want to exercise it, contact your broker on how to do it and they will guide you.
Not taxable if held in an IRA.
6k to 7k per YEAR. If invested that adds up over even just 10 years. Then put it all in DWAC and you will end up with a ROTH like Peter Thiel! LOL!
Let’s say you don’t have 11,500 dollars. Can you sell them?
The warrants were up to $33 at one point in premarket but now back down to $27. I am continuing to hold both.
Wow! They were 50 cents opening day! Tried to by some but weeble wouldn’t sell it.
Damn. 5,000 to almost a mil…..nice.
Serious. Good problem to have
Wow. Reminds me of the time I had 100 dollars of Bitcoin in my cart and decided not to buy. It was 3 dollars per coin the .
NO! They are like CHEAP deep in the money options
BINGO! (except conversion is only 30 days after merger or 1 year from DWAC starting which is Sept 2022 sometime - whichever is later. But I can wait. The MATH still applies!!!)
NO need to hold cash to exercise. Simply SELL the warrants needed to raise cash THEN exercise.
DWAC will break $1000 mark my words
Pre-market at 96.50 right now.
Before DWACW, the only thing I knew about a Warrant was an arrest or Cherry Pie.
More seriously, can someone share what the downside is, if there is one, to DWACW? It seems too good to be true that it's trading at such a discount. Is there a reason?
What's odd too is there's no such discrepancy between CFVI and CFVIW.
The biggest downside is that you might look back in 6 months and say: "WTH was I thinking. I should have loaded the wagon!!!" LOL! Also, see my word of caution in the discussion thread above or below.
If things go sour and TS doesn't work out as planned, I won't be able to afford gas for my wagon.
Thanks for the thoughtful reply. On paper, it's hard to find fault with DWACW.
Optimistically, devolution kicks in, Trump returns, and the IRS is shut down on April 15, 2023.
The downside to warrants in general is that if the merger doesn't go thru your warrants are worthless and there goes whatever money you spent. Most people try making money off warrants by buying them right away and selling right before a merger, when theyre usually selling at the highest. For dwacw the only downside for me will probably be not buying as much as I should have at first.
Holding 💎🤲🏻
Don't play in the casino but my son does. Got his ass handed to him with ARK. I suggested DWAC when it dumped low $40s. Now I'm wishing I took my own advice.
It's never too late. Buy some warrants and hold. They are on sale. They are trading at 26.50 (add 11.50 exercise price) that is like buying DWAC at $38. If you are willing to HOLD this is a great option.
Thanks, I have a /HODL mindset anyway. I need to learn more about this.
$95.15 closing, and after hours $95.65!!
The charts are looking great for DWAC. RSI is near 70 and everything else is positive. Could be a nice break-out and solid for long-term.
$97.25 closing, $97.50 extended hours!!
YOLO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Actually a word of caution: Never invest in any one stock more than you are willing or able to loose. Here are some considerations: What if the deep state wins long term? What if the SEC shuts TS down? What if apple or google stop cooperating? What if Warren Buffet shorts it into oblivion?(LOL) What if glitches and technical problems overwhelm the platform? What if Trump passes away or goes to jail? What if war breaks out on USA soil??? LOT's of risk and unknowns to consider. But regardless I still have almost 20% of my IRA in DWACW. And that is more than I have ever put in any one stock. I believe in it and I am WAY more bullish on TMTG than I am on SPY. If we don't get freedom of speech back then the whole American experiment is toast IMHO. YOLO, but still, proceed with caution!
We just broke 100 right after the market opened. If you got in at 170+ HANG ON. We are coming for you!!!
I love DWAC, but I sold a covered call at 110 for Friday, so I'm rooting for it to go up, but not that high until next week! Haha.
Probably a good move. I'm not looking for a rocket ship either! We saw how that works out on the 2nd day of trading DWAC. Steady wins the RACE!
Even with the market shitting all over it's self DWAC marches on.
My 2 year leap has already doubled.
Check into the warrants. If you are willing to hold it is like a 5 year leap.
I'll have 100 warrants before the merger. I hadn't thought about them like a leap, but I'll strategize on that now.
Dwac made it to $175 before close at one point.
YES. But on that day it CLOSED at 94.20. See OP above.
I guess i glossed over that. Work fagging right now.
Closed at NEW HIGH again today 95.15. It was a roller coaster as low as 92.41 and as high as 101.87. A small gain at close but going in the right direction. When TS opens fully in the next month or so - get ready for rocket launch!
With all the illegal shorting going on in the market today, how is DWAC not being shorted?
It is shorted Yuge! I think 10% of float is short. And borrow cost are HIGH for someone to short. This is another catalyst for the stock to MOON when shorts try to cover.