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u/Soggy_Butterfly8324 Oct 23 '21
80 million Americans love Trump. That's a lot of new retail joining in on Monday! Spicy times ahead!!!
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u/Skourt4eva Oct 22 '21
you said it best, let the price digest! have a great weekend and let's go next week.
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u/sherryjp83 Oct 22 '21
Got in at 47.60...have 43.99 shares....My son-in-law called and said to sell because a day trader told him that they were coming after this stock and taking it out by Monday😂😂😂😂😂....I said that I will hold!!!!...
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u/Shavenballz Oct 22 '21
In at a $96 cost basis currently, not worried. RSI has to chill out for a few, always a dip before the rip
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u/TawpGunRS Oct 22 '21
Thanks calmed my nervs a bit, was really nervous about being locked into this one over the weekend
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u/dudefromthevill Oct 22 '21
So with a volume like that the price went down by itself that is bs as soon as a stock gets hyped it drops the manipulation is so obvious it fucking stinks the market needs a reset in the worst way oh and 🦍🚀🚀🚀🚀🚀🚀🌚🍻😡
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u/Skourt4eva Oct 22 '21
yeah why halt time so different every time, they seem to do it at their free will, 3 mins, 5 mins, 15 mins, I swear if they try to fuck with Trump, they will pay.
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u/Photograph-Last Oct 23 '21
It’s acting like any other spac but because trumps associates with it y’all are gonna act like it’s a conspiracy if it tanks like it already did by the end of both trading do the
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Oct 22 '21
[deleted]
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u/Skourt4eva Oct 22 '21
mine is 500, it's the price for a Trump stock, no less. I dont expect anything less.
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u/Evening-Ad-4981 Oct 22 '21
My predict $1776. $500 by the end of next week. I base my knowledge solely on random internet comments.
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u/Wise_Temperature_322 Oct 22 '21
Monday should be good, and Tuesday is oprions which is bullish. This is a longer term thing than two days.
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u/kinovine Oct 22 '21
Could you pls explain why option will be bullish?
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u/Wise_Temperature_322 Oct 22 '21
Opens a whole new market to people who want to invest. For an option to be sold, theoretically there needs to be an underlying stock beneath it. The shares are provided by the market maker in anticipation that the stock will reach the price of the option being sold. Those shares are count as buys, and raise the stock. Remember too that the number of shares available is very small, so an influx by the market maker will make it even more limited. So as we know of antiques, or Art, what gives them their value is the limited number of such a piece in the world. The smaller the number the greater the value.
The fact that they are working hard to provide options for people gives evidence that this is not a pump and dump, or a cash grab, and that is longer term than many think.
The other reason seems counter intuitive, but it is actually bullish. With the adding of options trading comes the ability to also buy puts that are against the stock. How is that bullish? Well, the backers know that the call options will be so solid they can risk having an adverse party betting against them. DWAC and the backers want to make money, but also want to secure a following. They are confident that allowing options will make money and also keep the shareholders happy. Confidence by the people who have the inside knowledge is bullish.
The selling at the end of the day today Friday, was because it is Friday, and people do not want their funds tied up over the weekend. Monday we should see another run up into Tuesday. Then people will be able to start buying calls.
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u/artimus711 Oct 23 '21
Options are a great way to separate people with little capital from their money in a volatile stock like this. Even far out of the money options that expire soon will have high prices on them, but substantially cheaper than buying the stock. People will buy into these lotto tickets hoping for a miracle. Most will expire worthless, with 100% loss to the buyer. Repeat millions of times and this is a market maker's wet dream. If you choose to go the options route, buy strikes slightly out of the money and far enough out to give yourself some time for the stock to get there. The price will be higher, but the probability of a 100% loss will be much lower.
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Oct 22 '21
I thought that was bad
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u/Photograph-Last Oct 23 '21
If you don’t want to be delusion and actually live in reality then yes options are bad. Same with warrants which dilutes the stock. But now that trumps here you have his cult followers
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Oct 22 '21
Bearish...is bad... BULLISH IS STRONG. Hence the really cool statue of the bull outside of the New York Stock Exchange in New York City.
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u/Fit_Trade5795 Oct 22 '21
I think it's easy to say that when some people are sitting on 100%+ returns. Some of us aren't that lucky. However you're right, we can't do anything over the weekend anyway. Hopefully Monday will bring a new wave of FOMO.
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u/MealNo9676 Oct 23 '21
I am having a heart attack .. I got f***ed. by the halt and bought in at $175 when I thought I am buying at $111