DWAC announced a financing round and is getting ready to run into year end. Good support has established in the $40's. There should still be a chance for a good entry this week. Daily
"Former President Donald Trump’s new social media venture, Trump Media & Technology Group, and Digital World Acquisition said they have entered into subscription agreements to raise about $1 billion from a group of investors.
DWAC said it will provide up to $293 million to the partnership with Trump’s media venture, taking the total proceeds to about $1.25 billion. Trump Media and Digital World did not respond to requests for comment on the identities of the investors behind the $1 billion raise."
This is funny---they receive a monies for the SPAC trying to build a business --less than Two hours into the trading day! They launch an investigation--He is hated! that is pure hatred!
The other social media companies are a mess. Facebook has rebranded to "Meta". Dorsey has left Twitter. There's a real void in social media. DWAC is the real deal. It's going to be a big success.
I read that many investors shy away from Trump deal DWAC because it is associated with Trump.
However, I feel this is a good reason to own the stock because as the divide dissappears between Republicans and Democrats more investors become open to owning it. This gives further upside.
I like the DWAC--but for SEC to do that --they will kill the Spac --just because his association--Very Volatile at this moment--under 40 --I feel safe--Biden speaks at 2 pm--I have a feeling we will visit ---fridays lows again--
NYC to Impose Vaccine Mandate on Businesses as Cases Rise
SPX what I believe is this is the start of a multi month downturn. 4,305 SPX at the 200 day average is a good target, but doesn't mean it's going there now. Using moving averages is good for price targets but not timing.
SPX I think can see all the way up to test the high at 4,750 before it drops.
$1 Billion Financing
ReplyDelete"Former President Donald Trump’s new social media venture, Trump Media & Technology Group, and Digital World Acquisition said they have entered into subscription agreements to raise about $1 billion from a group of investors.
ReplyDeleteDWAC said it will provide up to $293 million to the partnership with Trump’s media venture, taking the total proceeds to about $1.25 billion. Trump Media and Digital World did not respond to requests for comment on the identities of the investors behind the $1 billion raise."
Some markets already look to have reached a low. Oil looks good. SPX this week. Give it another week for Biotech.
ReplyDeleteBought DWAC $46.70.
ReplyDeleteLabu 32
ReplyDeleteTiming for LABU and XBI December 15th or 16th look best for a low.
Deletesc,
ReplyDeletevolatile week --best entry on Dwac is 43-to 44
the uvxy --21 to 22 for the week should hit 30 late on Wednessday
"Trump SPAC investigated by federal regulators including SEC"
ReplyDeleteDWAC getting a lot of press! Publicity is good, more awareness of the stock.
Deletesc,
ReplyDeletebad news on dwac???
Do you sell?
I plan to add more today and tomorrow.
DeleteFor UVXY I'll wait for virus to spread before I get into it again
ReplyDeletesold---wait for 38 to 39 ---
ReplyDeleteCould see it tomorrow I think
Deletesc,
ReplyDeleteThis is funny---they receive a monies for the SPAC trying to build a business --less than Two hours into the trading day!
They launch an investigation--He is hated!
that is pure hatred!
Yes they try but it won't stop.
DeleteThe other social media companies are a mess. Facebook has rebranded to "Meta". Dorsey has left Twitter. There's a real void in social media. DWAC is the real deal. It's going to be a big success.
ReplyDeleteSc,
ReplyDeleteI bought at 45.50---5 minutes later --sold at 44
Your probably right ---but Under 40 is better is entry point.
There should be a good entry this week I agree.
DeleteI read that many investors shy away from Trump deal DWAC because it is associated with Trump.
ReplyDeleteHowever, I feel this is a good reason to own the stock because as the divide dissappears between Republicans and Democrats more investors become open to owning it. This gives further upside.
sc,
ReplyDeleteI like the DWAC--but for SEC to do that --they will kill the Spac --just because his association--Very Volatile at this moment--under 40 --I feel safe--Biden speaks at 2 pm--I have a feeling we will visit ---fridays lows again--
NYC to Impose Vaccine Mandate on Businesses as Cases Rise
Too many MORONs
More restrictions also coming into effect.
Delete"New requirements for all inbound U.S. travelers to show negative Covid test results the day before departure take effect Monday."
1 day now. Before it was 3 days.
Deletesc,
ReplyDeleteall this is telling me to get into UVXY--for the ride to 50!
I know but it's just a matter of timing.
Deletesc,
ReplyDeleteJust for the my own peace of mind--where are you looking to buy the VIX again below --????
15- 20 - 25----?
ReplyDeleteSPX what I believe is this is the start of a multi month downturn. 4,305 SPX at the 200 day average is a good target, but doesn't mean it's going there now. Using moving averages is good for price targets but not timing.
ReplyDeleteSPX I think can see all the way up to test the high at 4,750 before it drops.
VIX 15 is possible.
sc,
ReplyDeletegot you thoughts ---are you still expecting a test of the lows this week???
SPX could string together another up day and have some bad days after that to test the lows.
DeleteVery common 2 days up and 3 days down in this situation.
DeleteAll the bears have to work with is a few cases of a mild virus. Let the virus spread, then the bears have the numbers to work with later.
ReplyDeleteEspecially coming into Christmas. Not a good time to short.
sc,
ReplyDeleteall I want is a re-test of the lows!
sc,
ReplyDeletethere are a lot of analysts looking for break of Spy 450 on Wednesday ----all depends on the close today?
New chart posted!
ReplyDeleteGood post about market analysis
ReplyDeleteThanks for sharing
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