Stock Market/Investing/Day Trading/Speculative Trading Thread

[Faux Sean Callahan]

Thoughts on $DWAC? I bought several months ago and it’s been moving the last few trading days.

I worry since it’s tied to Trump that if it starts moving Robinhood and the media will go out of their way to sink it.

This is what I've said on it....

"No clue.

If you look at it vs the sandbox it will play against....

It has a market cap of 2 bil right now
PINS 29 BIL
TWTR 44 BIL
Snap 87 BIL
FB 917 BIL

So if you think it will reach any of those you can justify right now, but I imagine short term pain will be in your future."

It also had some pretty bullish option activity



This is definitely in my speculative bucket.

They are basically trying to be the fox news of social media.

 

[Faux Sean Callahan]

 

[Faux Sean Callahan]

Thoughts on $DWAC? I bought several months ago and it’s been moving the last few trading days.

I worry since it’s tied to Trump that if it starts moving Robinhood and the media will go out of their way to sink it.

It isn't on the WSB

 

[God is a Husker]

 

[Toe]

Markets haven't opened yet as of this writing, but major index futures are already down around 1%. Just in case you were hoping for a little relief this week.

 

[God is a Husker]

 

[Faux Sean Callahan]

Found this website that allows you to track what politicians are buying and selling... It is a day behind it looks.

Track US politician stock trades - Capitol Trades

Track US politician trades for free with Capitol Trades. Discover which Stocks/Assets/Companies/Issuers politicians are buying or selling.

app.capitoltrades.com

Here are two of the top politicians trading of 2021 and what they have bought/sold recently

 

[Faux Sean Callahan]

Thoughts on $DWAC? I bought several months ago and it’s been moving the last few trading days.

I worry since it’s tied to Trump that if it starts moving Robinhood and the media will go out of their way to sink it.

Not a bad day

 

[kenyanfeline]

Not a bad day

I bought on Robinhood at $60 after hours and it went in at $90 the next morning when it was really volatile. Just about made my money back. How long should I hold?

 

[Faux Sean Callahan]

Not a great sign

 

[Toe]

Hopefully as we get deeper into earnings season, things will settle down a bit.

 

[God is a Husker]

 

[Toe]

@God is a Husker

 

[Faux Sean Callahan]

 

[God is a Husker]

They have so much cash on hand it’s like buying a new printer for the office for a regular company.

 

[LoudHogRider]

They have so much cash on hand it’s like buying a new printer for the office for a regular company.

True. Plus Pelaton stock has been justifiably beat down to the point where Apple is likely eyeing their subscription revenue. The equipment is nothing more than a fancy way to get to the subscription revenue, which all businesses love.

 

[Faux Sean Callahan]

Prayers for Netflix owners...

It seems like that stock gets slaughtered going into earnings. Despite having what looks like a decent quarter.

 

[Faux Sean Callahan]

They have so much cash on hand it’s like buying a new printer for the office for a regular company.

True. Plus Pelaton stock has been justifiably beat down to the point where Apple is likely eyeing their subscription revenue. The equipment is nothing more than a fancy way to get to the subscription revenue, which all businesses love.

I thought Netflix would have been a good company to buy them. Now I don't know how they would do with actually having to produce something, but the content side seemed like a good fit. Also it would help diversify them which has been my criticism of them as a business.

 

[God is a Husker]

I thought Netflix would have been a good company to buy them. Now I don't know how they would do with actually having to produce something, but the content side seemed like a good fit. Also it would help diversify them which has been my criticism of them as a business.

would fit in well with their acquisition of A24

 

[LoudHogRider]

I thought Netflix would have been a good company to buy them. Now I don't know how they would do with actually having to produce something, but the content side seemed like a good fit. Also it would help diversify them which has been my criticism of them as a business.

But AAPL has made a big push with their "Fitness +" subscription, so IMO the hardware makes sense as an integrated piece of that overall strategy.

Plus, Netflix is getting kicked in the junk this morning for missing new subscriber acquisitions last quarter. Apparently, there are only so many folks left who want to watch the Obama biographies. Sad.