DWAC just wow... 11 to 27

[lwlee]

Hit high of $74. I specifically traded entire after hours from 4:30pm to 8pm. High volume movers that end near highs of day will continue in the after hours. Strong setup.

Planning to wake up tomorrow at 4am EST to be ready for DWAC. With a parabolic stock like that, you only need to trade one stock. IB has decent short inventory. Whereas Cobra is strangely trading for it.

62ah. Didn't want to chase it, wish I had, sigh

 

[Overnight]

62ah. Didn't want to chase it, wish I had, sigh

WRONG! You got out with great profit. Never regret getting out before the super uber-duber ultimate high. Because as God is my witness, if the stock had immediately started going down from your exit point, you would not be feeling that way, and may God strike me down were it to be otherwise.

 

[nitrene]

Amazingly its halted at $131.90. Good thing I get my last 40 shares. I bet it hits $150 today.

 

[Scataphagos]

$175 this morning... $122 now.

Fun ride!

 

[tomkat22]

Congrats to those who were able to get shares to short. I know I damn sure wasn't.

 

[KCalhoun]

Too much risk with halts for my taste, congrats to those who made winning trades

 

[nitrene]

A more leveraged play on DWAC is the DWACW. Seems like it moves 2:1 to DWAC at least today. It is the June 30 2028 11.5 Call warrants. It trades at 42 vs 102 but it seems like it should move closer to $90. Of course there is still 7 years left on it.

 

[unconventional wisdom]

A more leveraged play on DWAC is the DWACW. Seems like it moves 2:1 to DWAC at least today. It is the June 30 2028 11.5 Call warrants. It trades at 42 vs 102 but it seems like it should move closer to $90. Of course there is still 7 years left on it.

lol - in case DWAC isn't volatile enough for you (after seeing it halted 10x), here's the warrants!

 

[newwurldmn]

A more leveraged play on DWAC is the DWACW. Seems like it moves 2:1 to DWAC at least today. It is the June 30 2028 11.5 Call warrants. It trades at 42 vs 102 but it seems like it should move closer to $90. Of course there is still 7 years left on it.

I don’t get how that call is so cheap. If you got borrow it was a crazy arbitrage, which is not likely to be the case. So something doesn’t make sense.

 

[nitrene]

Yeah it doesn't make sense. My guess the traders don't believe the DWAC stock will trade at the current levels for long. Its currently about $32 vs $93 -- it should only be a $11.50 difference but its $61.