$DWAC - Trump Social Media is DoomedUPDATE 3/5/2022: DAILY DRAGONFLY DOJI
The hits keep on coming for Donald Trump's signature social media application "Truth Social".
According to The Daily Beast , "In recent weeks, sources have heard the former president on the phone swearing gratuitously and asking things like, “What the fuck is going on” with Truth Social. He’s repeatedly groused about the negative press and the less-than-stellar optics of the rollout, these sources said. And he’s demanded to know why more people aren’t using it—why the app isn’t swiftly dominating the competition."
Dan Primack of Axios wrote a piece a few days back, "Trump's Truth Social bomb" . This rollout has been a disaster. Most people are still on the waiting list to join. Trump has barely posted. The app is full of bugs. It's stopped to 37th on the Apple Store as of yesterday. Primack wrote, "Trump hasn't posted a single time since the launch, despite an international crisis that has captivated the country. Instead, he's given his comments to radio and TV hosts — including one this morning with Dominion conspiracy theorist Maria Bartiromo — plus via his CPAC speech".
Back to the Daily Beast article released earlier today. There have been some indications through actual concrete analysis that the application is an overall failure.
"But if the preliminary traffic numbers are of any indication, the former president and current wannabe social-media mogul has a point. The Daily Beast reviewed analyses of visits to Truth Social’s performed by SimilarWeb, which tracks website traffic from public and private sources. The company’s figures for the MAGA social network—while only an estimate based on incomplete data—are nonetheless anemic. Trump’s own social media platform is doing either worse or the same as other MAGA social sites like Gab—another pro-Trump competitor website that’s especially beloved by, well, Nazis—and Gettr, a platform fronted by one of Trump’s former top political aides, Jason Miller.
SimilarWeb’s estimates show a sharp spike of around 2 million daily visits to the site when it first debuted, before traffic dipped to an average of approximately 300,000 visits each day, putting the site on par with Gettr. Meanwhile, the far-right Gab has averaged around 650,000 daily average visits in the same time period. As of Friday, Truth Social was the 72nd most popular free app in Apple’s AppStore, a far cry from Facebook (5th) and his formerly beloved Twitter (22), both of which booted the ex-president after the Jan. 6 Capitol riot.
The relatively light traffic could be explained in part by Truth Social’s waitlist—MAGA fans who want to join the platform have now racked up a million-strong backlog of users looking to join during the app’s soft launch. The app is also only available on Apple devices, denying access to owners of Android phones. The extreme-right Gab, however, has managed to rack up twice the web traffic as Truth Social, despite its mobile apps being banned from both Apple and Google’s app stores."
This is all adding up to disaster here for the Trump Media SPAC.
What is the plan here? According to Seeking Alpha , "At a current market cap of over $15 billion as a pre-revenue company". They go on to add, "Thirty days post-merger, this total is expected to increase to over 170 million shares, excluding warrants."
This wasn't the only piece of bad coverage the new app received since my last update.
Politico's Ruby Cramer penned an article titled, "The Emptiness Inside Donald Trump’s New Social Media Platform".
"The site promises a safe space for “free expression,” encouraging of “all viewpoints,” according to the welcome email, “as we do not discriminate against political ideology.” But inside the app, digital tumbleweeds blew through my feed. The site is a bit slow, and a bit empty. Its stalled roll-out, led by Devin Nunes, the Trump supporter and former Republican congressman from California, has become a source of frustration and confusion in MAGA-world, according to my colleague Meridith McGraw. Republican lawmakers like Marjorie Taylor Greene and Matt Gaetz and Kevin McCarthy already have accounts and appear to be posting similar or identical content to both Truth Social and Twitter, along with right-leaning platforms like Gettr and Parler. (Apparently, no one is quite ready to turn their backs on an actual audience yet.) But when they do finally get their welcome emails, the thousands of regular Trump fans still waiting in line, eager for their chance to search for truth, will find a Twitter knock-off with no immediately discernible improvement on the original — a vanity project that has yet to prove its utility."
So we have a failed rollout with bugs, Trump barely posting, and share dilution coming to boot. I haven't even mentioned the biggest wildcard.
Trump's legal woes.
Last night, news broke that Trump could be facing criminal charges if the Attorney General wishes to proceed: "Jan. 6 Committee Lays Out Potential Criminal Charges Against Trump".
In a court filing, the panel said there was enough evidence to suggest that the former president might have engaged in a criminal conspiracy as he fought to remain in office.
So 1. Dilution 2. Sell the News with Planned Q1 Merger 3. Failed and Buggy Rollout 4. Potential Criminal Charges. 5. Data shows the app rollout is an absolute failure.
This is stock is heading down back to the single digits. Short this play next week before you regret missing out. There is no legitimate bull thesis for $DWAC- no matter where your politics stand.
Trump2020
Stocks Reeling from Election UncertaintyThe S&P has whipsawed to the extreme even for this product. It has spanned 100 points in the course of several hours which is a degree of volatility on par with oil. The lack of a clear winner in the US elections is clearly to blame here, but it still seems as though the markets are betting on a Trump victory. We have miles of recounting and lawsuits, as neither side will let this one go easily. I'd stay out of the markets until this resolves. However, as we recommended before, buying at lower levels is a great idea especially if you are adding to a long term portfolio. The levels 3329 and 3343 stand out recently, but if troubles persist, we could feel out the bottom of the range at 3241. It would be very unwise to fomo into a trade at this point.
I KNOW WE POSTED A LONG BUT!!!I know we posted a long. On here. Free channel milked the long then took a short. Closed for Friday NFP.
Looking now we have potentially a short position coming up.
Trump got covid, but shared he is doing well, so reduces the chance of uncertainty which then some fundamentals point towards gold going down just like the charts.
Remember just because we post something here. Does not mean we are taking the trade. The market can change very quickly. So we can be long 1 min then short the next. x
Spx500 wave analysis shortHello traders and analysts,
Here is our take on the Elliot wave 5 wave, now a larger 3 wave correction needed to take place? .
Technicals?
We have completed the the downward impulse of the wave pattern 1-5, with all waves forming without breaking the structure.
we are now in the minor wave 2 structure. and next up is the 5 wave corrective structure and looking to complete wave on the trendline.
From an imbalance method, we have a good double top retest which is showing profit and greed taking.
Price has seen a bounce back to 'normal priced of demand' however this is not really how halted economies can return so fast. it is artificial.
Divergence - we did not use this but looking at the pattern, we have a huge distinguishing gap.
Fundamentals:
US election rallies before taking place at the end of the year with campaigning.
We have NFP numbers showing millions return to work.. but also high unemployment
Trade war with China, Hong Kong unfolding with US responding
High figures in multiple states which are concerns for large communities.
Fiscal intervention in July, August for stimulus.. constant printing money is not good for the economy.
US tech stocks have seen the highest returns and zero confirmation by Dow30 and S&P following suit.
Dow 30 is in a fragile state and desperate to keep pushing higher but limited upside will cause a steep decline - refer to Dow chart.. around 27,000 is a good point for a previous monthly high.
Why follow us?
Updates on our pairs as and when we can.
Swing trade out looks
10 years combined experience in capital markets
simple breakdowns for beginners to advanced .
KISS - keep it simple stupid.
we trade purely from naked charts, less indicators - remove the noise.
If you like our work, please leave a like or comment. To all our followers, we appreciate the follow and likes.
Thanks,
Team Lupa
WE CRUSHED IT AGAIN! VIRUS CURE SHIPPED! - GOLD CRASHES! - READFOLKS, EVERYONE, WELL MOST, POSTED NEGATIVE COMMENTS WHEN WE SAID GOLD WAS A BUBBLE RUNNING ON HYPE, FEAR, PANIC AND MOST OF ALL, "FAKE NEWS"
WELL...GOLD DROPPED LIKE A ROCK FROM ITS HIGH TODAY LIKE WE SAID WAS GOING TO HAPPEN
WE MADE ALMOST $20 FROM TODAY'S HIGH SHORTING GOLD WHEN IT HIT $1688.66..!!!
AFTER HOURS ITS STILL SINKING AND VERY ACTIVE AS TRADERS RUSH TO GET OUT
TODAY'S 1000 POINT DROP IN THE STOCK MARKET WAS ABSOLUTELY OUTRAGEOUS AND COMPUTER GENERATED
YES, "FAKE NEWS" PLAYED A MAJOR ROLL TOO
CHINA VIRUS CURE SHIPPED - WE SAID THIS WAS GOING TO HAPPEN SEVERAL HOURS AGO BEFORE THE JOURNAL REPORTED IT...NOBODY BELIEVED US..?
WALL STREET JURNALAL - 2 HOURS AGO
www.wsj.com
THE SELL OFF WAS CAUSED BY "FAKE NEWS" AND WAS EXTREME ESPECIALLY GIVEN THE FACT THAT COKE ALREADY SAID THE CHINA VIRUS "WILL NOT" HURT EARNINGS. "MIGHT" CAUSE 0.01 TO 0.02 CENT CHANGE, THAT'S IT.!!
WE ARE BUYERS OF QUALITY STOCKS AT CURRENT LEVELS
BEST OF LUCK WITH YOUR TRADES!!
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ETC pump?! WWG1WGA baby!SHOUT OUT! -- FIRST OFF! -- Thank you to all the FOLLOWERS! and Likes! That means a lot, REALLY it does. I hope you are learning and increasing your odds as a market speculator... because THAT IS WHAT YOU ARE! you are a SPECULATOR. Maybe a lot of you know that already, maybe you need to hear it again from a friendly person and not from getting your pee pee slapped because you got to confident! anyways, that's my pep talk, stay humble, all ways be reforming!
-thank you to followers, I need more. I'm looking for hand outs HONK HONK but seriously, share this shit!
TWITTER @90dayJeff - I'll take requests for analysis - ping me on Twitter
NOT financial ADVICE - ever notice how every speculator wants must CYA by saying "Not Financial Advice"? That's because the doesn't want regular people talking about money with authority, because whatever controls the money, controls the people. Just ask the Apostle Paul . I'm not trying to preach here, but I'm sure you feel me anyways! -Soli Deo Gloria -WWG1WGA
ETC H&S yields GREAT SCALPPING opportunity - SHOUT OUT! -- FIRST OFF! -- Thank you to all the FOLLOWERS! and Likes! That means a lot, REALLY it does. I hope you are learning and increasing your odds as a market speculator... because THAT IS WHAT YOU ARE! you are a SPECULATOR. Maybe a lot of you know that already, maybe you need to hear it again from a friendly person and not from getting your pee pee slapped because you got to confident! anyways, that's my pep talk, stay humble, all ways be reforming!
-thank you to followers, I need more. I'm looking for hand outs HONK HONK but seriously, share this shit!
TWITTER @90dayJeff - I'll take requests for analysis - ping me on Twitter
NOT financial ADVICE - ever notice how every speculator wants must CYA by saying "Not Financial Advice"? That's because the doesn't want regular people talking about money with authority, because whatever controls the money, controls the people. Just ask the Apostle Paul . I'm not trying to preach here, but I'm sure you feel me anyways! -Soli Deo Gloria -WWG1WGA
WWG1WGA - BTC $30M, WHAT?! - Applying Universal GovernanceSHOUT OUT! -- FIRST OFF! -- Thank you to all the FOLLOWERS! and Likes! That means a lot, REALLY it does. I hope you are learning and increasing your odds as a market speculator... because THAT IS WHAT YOU ARE! you are a SPECULATOR. Maybe a lot of you know that already, maybe you need to hear it again from a friendly person and not from getting your pee pee slapped because you got to confident! anyways, that's my pep talk, stay humble, all ways be reforming!
-thank you to followers, I need more. I'm looking for hand outs HONK HONK but seriously, share this shit!
TWITTER @90dayJeff - I'll take requests for analysis - ping me on Twitter
NOT financial ADVICE - ever notice how every speculator wants must CYA by saying "Not Financial Advice"? That's because the doesn't want regular people talking about money with authority, because whatever controls the money, controls the people. Just ask the Apostle Paul . I'm not trying to preach here, but I'm sure you feel me anyways! -Soli Deo Gloria -WWG1WGA