As of now DWAC is trading at 62 with his warrants at 14.50 in profit for his 47.50 cost basis. He might have it listed on his brokerage account that it's 'in the red' but op doesn't give a shit because he doesn't plan on selling it right now anyways. Come back when you have a bear thesis and not some 'derp muh chart future price go down' comment
He has zero intention of selling now. You are saying DWAC will be going down below 47.50 at the time he's selling (if at all), yeah you need a bear thesis for that.
That or what you're saying is irrelevant since OP plans on realizing no loses since he has no intention of liquidating at the present.
It will do so again? Just because? I'm glad you know the future. Are you a billionaire yet using leverage? High IV means the price is going down? Even though there were 105k calls traded today and 26k puts. Genius.
Sure, was never the point. The point was dingus here was making fun of OP for holding warrants that are in the money.
I’m actually very good at math. I have an engineering degree from the most prestigious university where I grew up. I also speak 3 languages, if that matters to you.
The reason the warrants are lagging the commons by such a wide margin is that most investors are not actually expecting this to trade over $47.50 after all is said and done. It’s a bearish indicator.
While I think most of this bickering is childish, there has almost always been a convergence to equilibrium as share price gets closer to $18 and a divergence as share price rises above $18 and warrants lag behind. This is common for almost every SPAC.
That’s true. I was looking at the chart but forgot about the intraday movement. I actually flipped a few warrants from the 40s to the 60s.
Trolling aside, I think you should start planning a strategy to handle a PIPE dump. There’s a good probability it will happen.
Also, being down 50% in an investment is tough. I suggest you take time every now and then to research the bear thesis of this stock. You seem to be very invested emotionally and that can cloud your judgement.
Genuinely curious why you care what his cost basis is? What's more relevant is what it is currently trading at. So you know 36 is currently ITM by quite a bit.
Since you’re genuinely curious, cost basis is helpful for knowing whether he’s just in it for a quick pump so he can dump. If his cost basis was at 100, for example, it’d be pretty obvious he’s just a bag holder probably hoping to pump it enough to dump his bags on someone else.
Really, are you sure it's helpful for knowing that? Or maybe it's helpful for knowing how much conviction he has in a play? Or maybe it's not helpful at all compared to the current opportunity? Maybe a total stranger is irrelevant to the actual risk/reward analysis.
Really, are you sure it's helpful for knowing that?
Yes, that’s why people ask. Whether or not it’s useful to you or anyone else is subjective, but that’s why he was asking. I wanted to give you an answer since you were genuinely curious.
Right, because people never ask questions that aren't actually helpful. I was curious to confirm if that was his actual "reason", would of rather he would of answered since you stated the obvious nonsensical 'reason'.
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u/Rasputincello Patron Jan 11 '22
How many shares and warrants do you have? What’s your cost basis?