Is this a time to buy? Or is something wrong? Idk what to think. I saw someone post here recently that Truth Social might not take off because of massive bug and execs from the company are leaving. However I have no problem of buying this dip of its going to go to the moon!
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It may go a little lower, and remember this is always going to be a volatile ride.
Yeah Imma buying dips, not just yet on this one I think but you do you. Don't bet the farm on this just yet..
Institutional investors are always going to run DWAC down when it gets up too high, it is how 'they' make money. DWAC got up high enough for them to take profits again, real profits and not just return of Capital.
Plus there are controls in the various agreements behind it, again institutional investors have it structured that they can claim a discount price if market value is below a certain point, so they seek to rig that schedule as it applies too.
But then it will rise, because the same millionaires and billionaires who wanted it low to buy will want it high to sell.
So, here's 'my' model: I sold enough a few weeks ago when it was 90 plus to cover my investment and kept the rest invested. Now I'm buying dips with their money, in the expectation that it will go to 90 plus again and even higher. Each time I do this I will add to my investment using their money.
Bet only what you are willing to play with, but this is a volatile stock so you WILL have ups and downs, yeah.
Good luck.