If you havent seen the movie about game stop called "Dumb Money" please watch it.
The movie is a reflection on what took place during the gamestop short squeeze. In a nutshell you had Citadel who managed the order flow for RobinHood and other brokers collude with wall street hedge funds to screw over retail. The hedge funds and citadel were losing billions on their short positions in an attempt to bankrupt Game Stop.
Retailers, led by an anon who goes by Roaring Kitty noticed the large short position on GME and started to squeeze wall street. It led to a massive move in GME which was thought to be the squeeze that would end the short and wall street.
Unfortunately the brokers at the direction of Citadel disabled retail from being allowed to open new positions on GME, killing the squeeze.
Congress even investigated the events and found no wrong doing.
Now fast forward to now. Donald Trump is going to be winning back the office. He also will have a publicly traded company after his initials - $DJT on the nasdaq for Trump Media and Technology company.
Retailers who know absolutely nothing about the stock market but love Trump, will buy this stock in a frenzy just because its tied to the greatest president of our time.
I imagine a lot of shorts who have TDS will be shorting it as well, but we know our movement is greater and those shorts will be trapped. Wall street will see this as another opportunity to steal from retail and short it as well.
End result, we will see another GME with DJT stock. It will be more powerful then GME and do you really think Trump will be siding with wall street who was shorting his company? Dont think so.
Retribution is coming. We will see the real MOASS and it will take out wall street and citadel from the game they have been controlling.
If you haven’t seen the movie dumb money
Please don’t watch it. It’s bad. Portrays investors and all characters as dumb asses. Makes Keith gills brother out to be a drug addict lowlife. Makes the entire saga out to be by “chance”
OP is delusional. Also borderline a terrible buying point on dwac. Probably going to drop back down, there is a gap to fill on the chart.
Although yes, long term dwac is going to melt faces. It seems that it’ll go down to me near term
While I appreciate some of the points you have made, and somewhat agree with them, I think you could have made your case much more diplomatically. I mean, you do you. Be as much of an ass as you want. I am certainly not above such behavior myself. But if you want to communicate to people it helps to not include personal attacks ("OP is delusional"), or absolutes and statements pretending to be facts when they are opinions ("don't watch it. It's bad").
As for "a terrible buying point on dwac" I don't really agree. Buy when it's below it's intrinsic value. Period. Will it go down again? Most likely. I think it will, but there is no way to know for sure, and it's current value is far below it's almost certain eventual value (assuming we destroy the current control structure of the market).
I mean, yes. It may go down to $15/share again, but even if it does, it's real market value right now is probably in the $200/share range. That will most likely only go up. So even at $45/share, it's still more than a 400% undervalued stock. Sounds like a good buy to me.
Of course there are a lot of assumptions in there, but I'm betting on a victory for We The People. I think that's a safe bet, not because I don't have my doubts, but because I lose nothing if We The People lose, since I'll be dead.
It's a private company. Have they made any public disclosures of their financial statements (I don't follow the story, other than what I see here on GAW)?
If so, where can they be found?
How do you arrive at $200/share?
Those are good questions, but I don't remember exactly where I got that number. There have been several valuations along the way, both "official" (from the people involved) and unofficial (napkin math by anons). $200/share was a conservative estimate iirc.
What do you base this estimate on?
Here's some speculative numbers using P/E ratio model valuation method:
https://en.wikipedia.org/wiki/Price%E2%80%93earnings_ratio
$200 per share stock price with a P/E ratio of ~15 would be ~$13.3 per share earnings. There are 30M shares (not fully diluted) so that means total yearly earnings would need to be ~$400M for those numbers and if you assume a ~35% profit margin off revenue of $1.14B, then $200/share may be reasonable or not far off after a couple years of good revenue growth (i.e. around 2026 after initial demand for shares settles down).
Compared to Facebook and Youtube revenue, yearly number of $1.14B in revenue seems very low, and profit margins are likely higher than 35%, imo. You can compare to other social media companies to get a more precise number.
I don’t think the assessment that your opinion on a subject being delusional is an insult. It’s a civilized opinion. You can call someone delusional on a subject and not say it as a form of slander or insult.
Fair. I will remove.