We are the proud owners of DWAC and <1 share of GME (traded for my measly Dollar General starter stock). It's all down so much. Will we see a bounce back? I'd really like for this to pay off! I invest with a set amount of money when I can. Could this be one of those stocks that people wished they'd bought into and kick themselves for not doing so?
I am still learning and it's taking awhile for it to click in my noggin.
I have posted on here before that both stocks are going down. Some people were pissed. Understanable, but it is what it is.
Someone here posted a cheerleader type post when DWAC hit $100. I said it was going down. It is now $23.
I said GME will see $40 before it sees $400 again. It is down at $120, and heading lower.
The first thing to understand is that this is a bear market. That means everything will be going down, sooner or later, until the bear market is over.
DWAC is a unique situation. It would already be near $0 if it weren't for the Trump angle. Because of that, it could do the unexpected. Not saying it will, but there could be a surprise. Just remember it is a SPAC with nothing going for it besides its relationship to Trump (which might or might not eventually prove fruitful). It is a gamble. Take your shot, if you want, but don't bet the farm.
GME is a shit show, IMO. Bad company with bad business model and very questionable actions by managment. Plus, there are obvious pump and dump "boiler room" type touts trying to convince everyone that it is "going to the Moon, Alice!" Except, it isn't.
A bad stock of a bad company in a bad market. You do the math.
DWAC has a unique story that MIGHT make it different, but so far, it has not.
Just wait until there is a valid reason to be in ... AND the stock price starts heading up (for a change) ... if you want to take a shot.
"Buy and hold" is a fool's game in this situation.
I will, of course, get down voted for this, but not because I am wrong. Only because emotions are stronger than logic when it comes to the stock market.
I have done MY research, but I doubt that you have done YOUR research.
Your link is a laughable mishmash of nothing. It is not research.
What is the book value? What is the burn rate? What is current ratio? What is the short ratio?
You don't know. I do.
You are relying on someone ELSE to tell you things -- things that are not even true.
Good luck.
Anyone who clicks on the link you provided will realize who is the one embarrassing himself.
Neither of these two items can be assessed using old paradigms. Each one has unique reasons why the stock has value to plus/minus half of us yet each still has that support.
Are institutional investors 'gaming' both? Yes, and we Hold the Line, same as with other things we have placed our Faith in. Will we buy more at these 'dips'? Youbetcha.
Of course with GME it's all about a thumb in the eye of the banksters and hedge fund manipulators....
With DWAC it is about Faith in Freedom. Neither has any correlation to traditional measurement tools for stocks, haz to do with Tendies!
Institutions move the market. But they don't all agree. That's why the market doesn't just go straight up or straight down. Sure, they game the market in many ways, but they are also trying to out-do each other, and that means they move the market, but they don't really control it.
Yes, and that is my point. The Superstonk guys are, IMO, lying to people who want to have faith. It is all based on faith, and not logic.
There is nothing stopping someone from having some fun with it. But please, don't push the narrative that it is a sure thing, like so many people do. Because it is far from it.
If the price is going to the Moon, why not wait until it is at least off the launching pad? Why wait through the phase where the engines are still malfunctioning? Maybe they will fix the engines and it will take off. But maybe not.
Never heard of your 'superstonk' guys so there's that I reckon.
No one is lying to 'us', we cannot be lied to. It is why we see 'you' trying to rain on our parades just as easily as we see 'them' trying to get us to let up off of GME.
It's a catch-phrase, to the moon Alice! It's same as a logo or hat, a high five to strangers in the crowd who we recognize as resembling us - it is a form of MAGA in that we celebrate our common desire to thwart the institutional banksters and Big Houses and all the Enemy forces who would manipulate us.
It cannot fail because we ain't selling, even tho you seem to want us to sell...
It's ok, we forgive you but your attempts to kill our buzz is noted. Faith IS Logic, the very definition of logic from our perspectives. When that statement makes sense to you you'll also understand why we willingly hold and buy the dips on Faith.
Referenced by someone else upthread, not me. For those who don't know, it is the Reddit touts pushing the narrative about these stocks.
KEK
Like I said upthread ... emotion, rather than logic, when it comes to the stock market.
What, you think I don't know that? I used a metaphor about the metaphor. Went over your head, I guess ... maybe to the Moon?
KEK
Yeah, I can get on board with that concept, but I am pointing out that the touts pushing these stocks are running some shit up the flagpole on everyone who believes it.
It is the Superstonk touts who are manipulating you -- in addition to the Wall Street criminals.
My original response was to the OP, not to you, the permabull who will hold on all the way down. I know you are convinced. Have fun with it, but newcomers should look at both sides of the situation, and you are not doing anything to convince them they should buy.
If you can't convince newbies to buy, then there is no reason for it to go up.
Logic.
Pointing out facts kills your buzz? OK. That's on you, not me.
No, faith is faith, and logic is logic.
Yes, I know you continue to say that. Not sure how you define a "dip" (especially when a stock is not in an uptrend, which is the entire basis for "buying the dip"), but have fun with it.