Posted on 10/20/2021 5:44:28 PM PDT by BusterDog
Lucky! My hubby couldn’t find it this morning when I told him about it, so he just got in at a bit over $40. So you’re already making a profit!
It “may” — in the present moment — not be 100% conforming.
This “news” means there are at least two people who need to review the situation and align work to plan, which — as I read it — probably involves publicly posting the modified Mastodon source code.
All of which means somebody has to upload a file.
THAT’LL stop the world, I’m sure. /SARC
“ Silicon Valley probably laughing at him.”
Why?
He’s kept every promise he’s made to us
I don’t expect anything different now
He’s seen Frank, Rumble, Parler , etc, not deliver. As with the rest of his life, he takes over when others can’t do the job
For once I’d like the best of these alttech sites to start working together rather than every tom dick and harry rushing off to create their own platform.
Yikes! But ya gotta admire their quickness. LOL!
Well, look at it like this: there’s already the merger announcement out there with TMTG, which I think will be the stock-in-trade afterward, so there’ll be a share transaction there, and it’ll need to be a plus for investors to express good faith and maintain investor confidence.
So, I wouldn’t fret about getting in at $40, I think there’s a “floor” at $40 that’s been tested pretty well, today, and market sentiment seems to be that there’s solid support at that price. So I think downside risk is minimal at $40 while the market goes in search of solid support at higher levels... $45, then maybe $50.
I’d say take the long “buy-and-hold” view of the matter.
Close your web tab to your Schwab account, go have dinner, enjoy the “woo-hoo” of a new thing, today.
There’s people who do day trading, and try to capture a big move here, and another there — get in, grab the upswing, then get out — it’s just not for everyone as it requires very deep market knowledge, a vast network of “feelers” and a level of risk tolerance that would induce alcoholism in most people.
I’m “most people.”
I built my portfolio mostly through 401k contributions and employee stock offerings with different companies, so I have an IRA, a couple of Brokerage Accounts, and a couple of other company retirement savings accounts.
I can trade inside my IRA, which is where I made today’s move, but if you can trade outside of a retirement account with post-tax dollars, DO it.
Either way, when opportunity knocks, do what you can,
I’d rather have made today’s buy with cash in a Brokerage Account, but I just bought real estate in May, so the piggy bank is tired. But I look at Zillow, and I can’t be too sad about that, either. Take your gains where you can get them.
My biggest financial advice is:
- ONLY contribute enough to your 401k to capture 100% of whatever your employer offers to match.
- Do 100% of your other market investing OUTSIDE of government-created retirement account structures using Brokerage Accounts (E*Trade, Charles Schwab, etc) to trade with after tax money, and stick to a long-term, buy-and-hold strategy.
- Get aggressive mutual funds in your company 401k (downside risk minimized by company matching).
- Get other mutual funds, stocks and EFT’s in your Brokerage Accounts. (S&P Index and S&P Small Cap funds have done well),
- Target to have no one security be more than 2% of your overall holdings.
- Keep 10% cash reserves. (I’m breaking this rule, at the moment & need to sell off a little of something).
- Make your real estate work for you. If ever you can re fi and take equity on this house as down payment on another house, and be able to lease out this house for 120% or more of the post-re fi mortgage payment...
Congratulations, you’re landlords.
Live long and prosper.
Thanks for the great advice. We did make money on it today...which is a good thing, because I rarely ever interfere with my husband’s stock account. But THIS was important, and more important, it was first day, which is historic. We are retired, so we’re very cautious, but he studied it for a bit and decided the trend was up and so he jumped in. I’m so curious what will happen tomorrow!
Oh....and WOOHOO! :)
It’s well up over $50 in after-hours trading.
I’m quite comfortable that this was a good move.
“I’m so curious what will happen tomorrow!”
So. This is something like an Initial Public Offering, in a way. Expect ups and downs early.
The security is trading well above $60 in after hours action; you can look at a live “ticker” here:
https://markets.businessinsider.com/stocks/dwac-stock?op=1
Depending on overnight performance, expect an Open in the $55-ish realm tomorrow morning.
But, be ready, because the broader market may not feel that valuation is supportable, so we may see it fall in early trading. ALSO, because of this ZOOM upward dynamic, fully expect there to be profit-taking later in the day, with short-term traders exiting their positions to lock in the gains from today and overnight.
Since there was a pretty strong exhibition, today, that value was solid at $40, I wouldn’t expect tomorrow’s close to fall below that, though it could confound today’s showing and do so in a rash of profit-taking.
All the same, hold fast, and understand that the commits on the table — the coming merger and all that follows — substantially support future profitability against your entry point. How much is as yet unknown; Twitter (TWTR) is trading in the mid $60’s, for comparison.
My husband, who is the trader in our family, agrees with your assessment. I hope he now thinks I’m a genius and will again tomorrow. LOL! Thanks for your explanation of things. They make total sense.
“Will AT&T and Comcast try to stop President Trump from using their cable infrastructure?”
Cable TV is all but dead. They are hemorrhaging customers at an unsustainable rate and are desperate to keep them.
How desperate? Here is my experience with DirecTV. I took their introductory offer in Jan of 2019, the triple play for $139.00 for 24 months. This included the NFL Sunday Ticket included because I trsfrd service from a previous location.
After the 24 months ended my monthly bill jumped to $179.00. I called them and said the monthly cost was too high for me and said I would be cancelling service. They immediately offered me a $75.00 reduction in the bill to $104 per month and that included the NFL Sunday Ticket which they gave me at no charge just before the start of the 2020 season because according to them I was a “valued customer”.
Yesterday I called them again and said I was going to cancel because based on my having Prime and the availability of so many other streaming services their plan was no longer competitive. Again the lowered my monthly bill to $74.00 without any change in the service.
Next I received an offer in the mail from Comporium another local cable/internet provider for internet only service for 24 months at just 39.94 total including taxes. This was almost exactly half what I was paying my current provider Spectrum.
This brings my total savings to date for cable and internet to $140 per month plus the value of the NFL Sunday Ticket which is worth about $350 per year.
When I called Spectrum to cancel they asked why I was cancelling and I told them the truth. They immediately offered to match the price if I would stay but since I had already committed to Comporium I refused.
I advise all of you to do as I did and simply ask for a lower monthly rate (insist on keeping all services you already have). You will be pleasantly surprised at the result.
I’d come develop software for you, if you were the leader.
Great idea, Laz!
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.