Anybody Buying Yet? Where’s the Bottom?

So, I bought DWAC a little over a week ago..... Hmmmmm what to do
Just keep in mind that a lot of shareholders are just holding because they think the next guy will pay more. The bigger fool theory. Don’t try to justify holding around fundamentals. There is no business. I hate FB as much as the next guy, but DWAC is not going to solve the problems created by Zuck.
 
Just keep in mind that a lot of shareholders are just holding because they think the next guy will pay more. The bigger fool theory. Don’t try to justify holding around fundamentals. There is no business. I hate FB as much as the next guy, but DWAC is not going to solve the problems created by Zuck.
You don't think if they actually get a platform that is worth a darn that people won't jump ship on FB and twitter?
 
You don't think if they actually get a platform that is worth a darn that people won't jump ship on FB and twitter?
My view…nope. I know plenty of people that voted Trump that ain’t getting off Facebook. Remember that Facebook is mostly boomers and Gen z sharing inspirational memes and cat photos while keeping up with there “contacts”. Network effect in full force. Younger people use instagram but that is a little different medium, with its own problems.

And when I said there was no business, there was literally no business projections in the offering. It’s looks more like a classic con.
 
My view…nope. I know plenty of people that voted Trump that ain’t getting off Facebook. Remember that Facebook is mostly boomers and Gen z sharing inspirational memes and cat photos while keeping up with there “contacts”. Network effect in full force. Younger people use instagram but that is a little different medium, with its own problems.

And when I said there was no business, there was literally no business projections in the offering. It’s looks more like a classic con.
ok... so lets say you bought a week ago , when would you get out?lol
 
ok... so lets say you bought a week ago , when would you get out?lol
No clue. lOL. It’s price seems to be trading at an inverse to the inflation/stock bubble trade. So the assumption looks like (to me at least) the worse the economy does the better chance this SPAC has. Seems reasonable, but I will point out again- THERE ISNT AN ACTUAL BUSINESS HERE. So it trades like a proxy on Trump. Good luck with that. Keep in king that in the negative approval ratings of Biden, there is a sizable percentage that would still vote the same way. People are wired weird. Saying one thing and doing another is a common habit.
 
Thought process seems to be as Biden's approval rate drops, this stock will climb. So you are standing behind that there will be no social media launch Feb 21st? All I am going on is what I read and there is going to be a launch in 31 days> I am going to gamble you are wrong and some product launches. Reason is that if nothing launches Trump will lose his followers faith and we know he ego can't handle that.
 
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Thought process seems to be as Biden's approval rate drops, this stock will climb.
Right. But there is a floor on that…agree?

To be honest, I looked at DWAC when it was around $40 a couple on months ago. I couldn’t pull the trigger because there is literally no business plan. Just an idea, and a way for Trump to collect $$s. Given my political perspective on this forum is widely known, the fact I thought about buying it shows money and politics should never mix. Unless, of course, you have enough money to buy politicians. LOL.
 
Right. But there is a floor on that…agree?

To be honest, I looked at DWAC when it was around $40 a couple on months ago. I couldn’t pull the trigger because there is literally no business plan. Just an idea, and a way for Trump to collect $$s. Given my political perspective on this forum is widely known, the fact I thought about buying it shows money and politics should never mix. Unless, of course, you have enough money to buy politicians. LOL.
I don't think more than a couple Biden voters would ever touch this stock. For the same reason Trump voters will. Trump will not risk losing his followers if he stiffs them, something is going to launch
 
I don't think more than a couple Biden voters would ever touch this stock. For the same reason Trump voters will. Trump will not risk losing his followers if he stiffs them, something is going to launch
To try to stay on this particular investment, here is a link. The author tends to be a bit technical, but he points out the concerns I have. The details of the agreement make little sense. You have to bet there is something coming you can’t see and its going to be GREAT!! So sorry if it looks to me like the Trump grift continues. Now if you want to buy because you think it continues to go up, it’s a free country. Just figure out how much you know and how much you hope is true.

The Trump SPAC Did a PIPE
https://www.bloomberg.com/opinion/articles/2021-12-06/the-trump-spac-did-a-pipe
 
To try to stay on this particular investment, here is a link. The author tends to be a bit technical, but he points out the concerns I have. The details of the agreement make little sense. You have to bet there is something coming you can’t see and its going to be GREAT!! So sorry if it looks to me like the Trump grift continues. Now if you want to buy because you think it continues to go up, it’s a free country. Just figure out how much you know and how much you hope is true.

The Trump SPAC Did a PIPE
https://www.bloomberg.com/opinion/articles/2021-12-06/the-trump-spac-did-a-pipe
So I read and understood about half of that. Since it is an older article I am not going to use it a lot to sway my opinion that Trump is in a position that if he stiffs the stock holders he will lose a ton of support and an egomaniac isn't going to let that happen, at least not intentionally. So is it completely out of reality that this valuation got high enough that they were able to get a crew rounded up that can actually make or merge with an existing platform?
 
So I read and understood about half of that. Since it is an older article I am not going to use it a lot to sway my opinion that Trump is in a position that if he stiffs the stock holders he will lose a ton of support and an egomaniac isn't going to let that happen, at least not intentionally. So is it completely out of reality that this valuation got high enough that they were able to get a crew rounded up that can actually make or merge with an existing platform?
The article is 5wks old, so not sure how new you want it to be. So just ask yourself what does Trump value more $250m or support from his base?
Regarding your last question, it’s a reasonable one if there’s is an actual business. But there isn’t.
 
So I read and understood about half of that. Since it is an older article I am not going to use it a lot to sway my opinion that Trump is in a position that if he stiffs the stock holders he will lose a ton of support and an egomaniac isn't going to let that happen, at least not intentionally. So is it completely out of reality that this valuation got high enough that they were able to get a crew rounded up that can actually make or merge with an existing platform?
Oh, but wait, maybe you both are correct for now! Rationale being that this current market correction allows for further speculative investing (“buy the dip” type apes). But also plausibility for delays in deployment across all social media.
 
Oh, but wait, maybe you both are correct for now! Rationale being that this current market correction allows for further speculative investing (“buy the dip” type apes). But also plausibility for delays in deployment across all social media.
I'm just waiting for Psaki to extoll the greatest evah....no
 
If history has taught us anything, stay away from a "business" with that guy's name on it...

Trump’s failed businesses (to date):

1. Trump Steaks

2. GoTrump

3. Trump Airlines

4. Trump Vodka

5. Trump Mortgage

6. Trump: The Game

7. Trump Magazine

8. Trump University

9. Trump Ice

10. The New Jersey Generals

11. Tour de Trump

12. Trump Network

13. Trumped!



Trump companies that sought bankruptcy protection:

1. Trump Taj Mahal

2. Trump’s Castle

3. Trump Plaza Casinos

4. Trump Plaza Hotel

5. Trump Hotels and Casinos Resorts

6. Trump Entertainment Resorts
 
Question is the same as thread title now, where's the bottom?

if this is the market day we see over all the increased uncertainty/tension around russia (among a dozen of other things, of course), just wait till russia actually does something crazy, if they do.

i've done some buying today though
 
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Man, this is looking like the correction I've been thinking was going to happen some time ago. Question is the same as thread title now, where's the bottom?
I was wondering when this thread was going to get some action today..
 
Question for you guys. My accountant advised me to open SEP-IRA before the end of 2021. I can fund it anytime before April 15. I’ve been waiting because I felt like the market was due a correction. I’m certainly going to wait it out now that we are seeing this sell off. What do you look for when trying to time when to buy in? Any advice on how to structure investments in uncertain times?
 
Question for you guys. My accountant advised me to open SEP-IRA before the end of 2021. I can fund it anytime before April 15. I’ve been waiting because I felt like the market was due a correction. I’m certainly going to wait it out now that we are seeing this sell off. What do you look for when trying to time when to buy in? Any advice on how to structure investments in uncertain times?
Buy monthly up until Apr 15
 
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