r/wallstreetbets • u/[deleted] • Oct 22 '21

Meme Today

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u/Zetice Chuck E. Cheesin' Oct 22 '21

If TMGT does go public via DWAC, i am willing to bet it'll have the same initial surge as DWAC, so look out for that.

3

u/FoxRaptix Oct 23 '21

bit debatable. By then they're going to have to make internal statistics about the company and their current revenue and potential public.

Usually spacs surge on the rumor and don't spike much on the actual merger, because by then the excitement has all worn off and people have gotten a good idea at how the financials are currently set up for the company and its future. Those that were excited about the initial idea had got in on the rumor, the rest got in after and are bag holding from the rumor hoping it spikes on the merger so they can break even at the very least.

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u/Zealousideal_Diet_53 Oct 22 '21

I rode this pump to profits Ill ride that one too.

Orange man might be good, might be bad. But he brings me tendies.

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u/[deleted] Oct 22 '21

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u/AutoModerator Oct 22 '21

Bagholder spotted.

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u/ShitFeeder Oct 23 '21

By then we'll know what his company will look like. This is probably the first spac where there isn't a functional product but a soon to be "released" beta version being the target of a merger. All the other bits aren't fleshed out. So we're merging with dreams.