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Wednesday, September 21, 2022

DWAC - Converging Towards SPAC Price

DWAC appears to be converging to near the SPAC price of $10. Daily

50 comments:

  1. Trump getting bludgeoned from all angles. FBI raid on his home MaraLago. A $250 Million lawsuit against him and his children.

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  2. As of closing DWAC still up 79% at $17.90 from $10 SPAC price.

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  3. Biden already backing out of his "Pandemic Over" comment:

    “We still have a problem with COVID. We’re still doing a lot of work on it … but the pandemic is over,” Biden told CBS’s “60 Minutes” in a segment that aired Sunday.

    On Tuesday, Biden appeared to reframe those remarks, saying the U.S. is actually in a much better place to fight COVID-19 this time around.

    “It basically is not where it was,” he said of the pandemic, according to Bloomberg.

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  4. “By the way, if you haven’t gotten your boosters, get them,” Biden told them, according to Bloomberg.

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    1. of course. WHO is still pushing testing and boosters. Billions to made, so yes, of course the WHO is doing this.

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  5. sc----are going long this stock--Dwac?

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  6. DWAC is a newly formed social media company. Truth Social. It may have enormous potential like getting in on Amazon early.

    However, this could take time. I think the stock is good but plan for at least 2 years to 2024 election. Looking further 10 years to fully develop.

    It could still go lower, not a short term trade.

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  7. KODK also I'm starting to look at again. Lower $4s.

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  8. sc,

    still waiting for a double bottom!---Spx 3600--end of the month!

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  9. RUM is the only social media company I see that is currently trading well. Chart looks interesting

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  10. RIG oversold on daily. Let's see a pop!

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  11. Replies
    1. gaps on any 3 or 2 x symbols are not reliable compared to underlying index or etf

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    2. Agree with decay but still gives a rough idea of where the support especially when little time has passed.

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  12. OCGN getting oversold on daily! It didn't get oversold in May!

    NVAX plummeting. Seems to be dragging it down.

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    1. NVAX closed a long time day gap today at 24, I would expect it to burn off some more retail and once big boys are loaded they take it up with biotech in genl. 75 XBI is good place to go long Labu

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  13. Stopped out of RIG $2.58 Weekly looks heavy

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    1. Flipped it once for 10 cents. So basically a wash.

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  14. I'm thinking OCGN is the better play. Covid season is starting and it's off to a very bad start...

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  15. Canada's Prime Minister Trudeau was caught on camera (possibly drunkenly) singing Queen’s Bohemian Rhapsody in a hotel bar on Saturday night before the state funeral for Queen Elizabeth II in London on Monday.

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  16. Let's wait for next week. I have a trade idea. An entry next week. May be very profitable.

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  17. This time with them going after his children Trump may take it more seriously. That may be where he draws the line.

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  18. Votes to join Russia are to be held in Kherson, Zaporizhzhia, Donetsk and Luhansk between 23 and 27 September

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  19. Russia will have major victories now

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  20. On Sunday in Italy we vote. The polls show that the center-right is overwhelming with the first party of the coalition made up of 3 parties, the post-fascist one of Giorgia Meloni. Meloni has declared war on Europe against illegal immigration and the subordination of Italy to the wishes of Brussels. This will destabilize Europe and the world. Prepare for the worst. Finance will make its unease felt by hitting the Italian public debt and this will be reflected in all Western markets. Italy is too big to fail.

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  21. If you want my opinion, I tell you that Sp500 will have to return to the lows of March 2020 if not below, from there it could recover with difficulty after many months of laterality. As a timing of the final minimum I give you the end of 2023 and the beginning of 2024.

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  22. It seems clear to me that the false pandemic had nothing to do with viruses: it was a mass exercise at the lockdown - war curfew.
    With all due respect to the globalist communists of the new world order ... Biden and Vonderlayen administration in the first place.
    Ordinary people almost always start from erroneous and unreal premises and intuitions.
    People of genius sometimes start from objective and Real premises and intuitions.
    Many wishes for the continuation, we will need it, word of CASSANDRA.

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  23. https://cmsedit.cbn.com/cbnnews/world/2021/february/migrant-muslims-on-the-prowl-these-men-act-in-groups-and-start-hunting-treating-the-women-like-prey

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  24. L LABU, 6.02 remember New Moon Sunday.
    Rosh Hashannah Sunday.
    Today is the first day of Fall.

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  25. VIX waking and has crested 30, but the market knows that there are no signs Putin has mobilized the 300,000 troops at this time.

    He has announced his intent only.

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  26. XBI certainly holding much stronger than SPX. That is quite telling. Nowhere near it's June low.

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  27. Oil soft. It seems Biden has swamped the market with Oil for now. We'll have to have more patience there while winter absorbs the excess.

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  28. Center-right wins hands down in Italy. The Communists prepare to leave the government and stay in the minority. The Italian people chose Italy and not Brussels.

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  29. Without the support of the Iyalian Communist government, Europe will hardly know how to push forward the political agenda against Putin and the economic and social one. I think the US administration will also have problems. It was time for things to change here. They made Italy North Africa and not Southern Europe, now everyone pays.

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  30. sc-- bought DWAC calls at 15.75---is a gamble ---but may work out!--Have a good!

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  31. Why we were not short the Pound...

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  32. sc-

    sold Dwac option at 17.75--made 50%--not bad----looks down into tomorrow--in cash --lets see if 5 days down hold the low--got to wait and see?

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  33. Volatility starting to perk up a little. Hmmmm

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  34. took small winner in Labu, seems algos are in bearish mood and changing sector valuations to relish the bearishness..
    Dollar hitting the weekly red candles from 2001 topping pattern....
    its controlling everything and blowing up cross currency trades and perhaps cause a crash, I look for some fed talk to ease it down....

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