A lot of people here know what is DRS - Direct Registry System.
If you have been following the Gamestop saga, you know that brokers and hedgefunds manipulate share prices by short selling and by creating phantom shares based on shares belonging to their retail customers which is held in the broker's name.
DRS is one way to ensure the shares are held in your name and the broker / hedgefunds cannot fuck around with it to manipulate the market. r/SuperStonk is basically dedicated to DRS of GME shares at this point.
What most of you might not realise:
-
Just like GME, the Black Hats most probably pulled the same tricks to drag the DWAC stock price down when the markets opened yesterday. Some Anons who have been following GME have said that what happened yesterday was equivalent to what happened to GME over weeks. A.k.a just like 2020 elections, they had to pull out all stops in fraud to bring Trump's DWAC down.
-
DRS is not the only way to achieve protection against this. There is another way. Its called Deposit/Withdrawal At Custodian. Its called ..... drumrolls please .... DWAC
Is this just one more coincidence? DWAC gets hammered by the bad guys just like they did to GME and just like they have been doing to any company that does not play by their rules. But it also so happens, one of the 2 ways to stop this is by DWAC.
This is no co-incidence! Trump could have picked any suitable name for the SPAC for his Social Media, but he picked Digital World Acquisition Corp which stands for DWAC.
Trump is giving us a YUGE hint. He is saying that DWAC will destroy the Wall Street Big Money evil guys.
Buckle up folks, we are gonna DWAC the shit outta the deep state.
How does the average person (like me) invest in this stock? Help ELI5
First you have to ask yourself how much money you are willing to lose completely for this cause. As long as its at least $100 you have a chance.
Next you need to create an account with a brokerage firm. You can use ETrade, or Fidelity or any number of other brokerages. You can even use Robinhood as a last resort if you cannot open any other account.
Once you are setup and ready to go, fund your account and then you can search for the symbol DWAC and buy it.
For buying it, you should select "limit order" instead of market order, and put in the max price you are willing to buy the shares at. Right now its around $94 but expect it will go up when market opens. So you have to put in a price slightly higher so you have a chance of buying it.
Once you buy it, just hold it (since you are okay losing this money) and hopefully it will go to the moon
I think the citadel/RH collusion is a Moab if pursued... Isn’t there email comms (within RH) coming to light? it is so apparent they stopped the trading on GME to help citadel cover their shorts.
I agree, yet still use it. It was simple when I was learning and ..ya
I use Robinhood but they did bend the knee to the SEC but at least Robinhood CEO came clean a d said the SEC for rd their hand to halt trading and claimed RH had to pay $3B if they wanted to keep allowing GME to be bought
Yes, NEVER invest more than you can afford to lose!
I'll just say for me, I'm no newb to stocks but no stockologist either. I ended up doing market orders on my DWAC/W as I kept missing out on limit orders.
While you may get jacked on a market order, it also ensures you get in once you submit the order, where a limit may get surpassed and you'll have to edit or cancel/re-submit. Here's a good expansion on one vs the other:
https://www.investopedia.com/ask/answers/100314/whats-difference-between-market-order-and-limit-order.asp
I was happy with getting 10 DWAC at $17.765
... Your OP made it sound more involved. What protects you from your broker selling your own shares a la GME?
So with DRS and DWAC the broker transfers the name on the share from their street name to your name as the end result. When they do that, they have to transfer the real share certificate, not the phantom ghost shares, so the share gets accounted for.
Also, the actual process is quite involved, calling up the Brokerage firm is just one step :)
I contacted fidelity too DRS and they told me "you only do that if you are shorting the stock sales". Is that true?
I’m new to this. I got 10 GME, 4 DWAC. I clicked the link regarding DWAC your DWAC. Reading through it slowly and carefully. Hopefully this process is simple as being brand new to this I don’t wanna fuck anything up from user error.
DWAC is not listed on computershare for DRS - how do we DRS or deposit/withdraw @ custodian the DWAC security?
Do we have to have a physical certificate to DWAC? Investopedia says this, “ To deposit your shares to your broker via DWAC, shareholders must provide original stock certificate(s), the DWAC deposit form, and applicable fees.”. Seems DRS is simpler, just a call and request, but not as quick as I’ve heard brokerages drag their feet getting the transfer done.
nothing except DRS/DWAC
Computershare Registered Ownership; https://www.computershare.com/us/becoming-a-registered-shareholder-in-us-listed-companies
Transfer Wizard; https://www-us.computershare.com/TransferWizard/default.aspx?ReturnUrl=%2ftransferwizard
You are a GENIUS u/bubble_bursts!! 👏
I never fully understood what what's been happening with Gamestop until you turned on the lightbulb for me! And, now that I understand about Direct Registry System, I KNOW you are correct about POTUS' DWAC!
No coinkedinks! 💥
Ditto...this explains what I used to experience in the Market with manipulation etc. Was out of it for 5 years before GME & now DWAC got me back involved.
I have learnt more in the last 12 months than the rest of my life put together, and for the first time, I have learnt truth instead of lies. I have also learnt just how ignorant I have been and how much knowledge is out there yet to learn and hopefully one day those doors open for us and we will know everything we need to know about the society we live in. In the meantime I hope Anons can help each other learn and grow everyday.
The same for me in the last 4 years. I thought I was awakened as a child on November 22, 1963 but I knew Nothing then compared to what I have learned in these 4 years since Q shared the largest intel drops in history.
Keep sharing your knowledge and bless you for it!
I pray everyday for the future where anons will held guide and unify each other and I do believe God has ordained POTUS to be His Trumpet.
The future will be biblical. We are here for a reason.
Are you sayinh dwac is going to crash like gme?
its being manipulated like GME and others...they halted the stock to implement some algorithm on it is my best guess.
it might already be nearing AMC/GME levels of shorting. just look at the volume on a stock with only 30 million shares
Gamestop itself isn't going to crash.
You set up an account online with a brokerage. You can take your pick, fidelity, e-trade, ameritrade or others. Then you transfer money from a bank account to your brokerage account. Then while the market is open you put in a buy order for whatever number of shares you want to buy. Make sure it’s a limit order and not a market order. With a limit order you set a maximum price you’ll buy at. With a market order you’re telling them “fill it right now at whatever the market price is” and sometimes you’ll end up paying way too much because the only person selling at that exact moment was selling at some ridiculous price.
now, to get in sometimes, market is required.
It comes down to
Can you lose the money?
Are you willing to wait?
If so, any average pede or anon should take $200, buy what they can, and HODL.
They'll get a nice big screen 8k TV or a downpayment on a good car at the very least in a year or two.
At the very least. not financial advice and I'm just a fren but there's some crazy predictions about what happens to GME and now DWAC in the future
I ended up doing market after a couple limit attempts and got in at $17.765
For first timers is going to be much easier to do market orders, especially with a quickly changing stock.
Noice. My first buy on Thursday was @ $13.17 but I effed it up on Friday with a second buy to wind up with a $19 average.
No, we're getting fuck-you retirement money with one share.
Hedgies can't cover. Hedgies r fukt.
Thank you!!! Do you prefer one of the brokersges?
I use TD Ameritrade for my trading. I started investing with Scottrade a long time ago and then a few years ago TD Ameritrade bought them. So far everything has been smooth with them and I haven’t felt the need to switch.
I firmly believe based on my experience TD doesn’t buy your shares. Instead they take your money, give you an IOU and just use your money to short the fuck out of your investment knowing retail will sell when they start losing money.
Until soon when they change to Schwab.
The following is NOT financial advice. I'm just a normal, God-loving patriot who loves country and family.
I would encourage you to not use TD Ameritrade. While their interface is excellent, things seemed to take a turn for the worse when Charles Schwab entered the picture. I'm sad to say, it appears like they're now one the many "questionable" brokers.
It took a LONG time for TDA to transfer my GME shares to ComputerShare... and this was back in early September. I initiated this request via an "in person" office visit at TDA, and was told three days. It took one month.
Even now, Fidelity is taking only about 3 days to transfer your shares to ComputerShare. It looks like Fidelity (unlike many other brokers) actually "held" your stock, and so they have quick access. The other brokers seem to be "scrambling" to find/buy your stock to fulfill your transfer request. There's no reason it should take them 3 weeks to transfer your shares when Fidelity takes about 3 days.
No matter which broker you use (even Fidelity) - your shares are NOT IN YOUR NAME. And, if the broker were to ever go bankrupt, your shares would "disappear" and I believe the insurance to protect the account holders only pays up to $500,000 (?) per account - even if you had millions.
It is much wiser to Direct Register your shares... and take them out of the hands of the hands of the evil entities who do illegal things with YOUR shares to manipulate the market (to your disadvantage).
Be smart... OWN YOUR STOCKS in YOUR NAME. BE AN ACTIVE PART of THE PLAN! Take steps to fight the evil ones (Central Banks, Federal Reserve, DTCC, SEC, hedge fund crooks, etc.). It's all a big club, and we're not members (George Carlin).
ComputerShare is as solid as it gets. Yes, they are very old fashioned in how they operate, but they've been in business since, 1974?
If you own any of the following stocks, please consider Direct Registering them in YOUR NAME, and take power from the bad players in the financial markets.
You do not have to create an account at ComputerShare first, call your broker and request a "DRS Transfer". They will "open an account for you (using your Social Security Number) and transfer the number of shares you request them to transfer. A few weeks later, you will receive a snail mail letter from ComputerShare, then you create your online account there.
Some of the companies ComputerShare represents are:
GameStop, AMC, Apple, Exxon Mobile, Coca-Cola , Walmart, AT&T, Verizon, Ford Motor Company, IBM, McDonalds, Intel, Abbott, Advanced Auto Parts, Alaska Airlines, Alphabet (Google, etc.), AMC, Amazon, American Express, BMW, Big Lots, Black Rock, BorgWarner, Campbells, Chevron, Costco, Discover, Domino's Pizza, DOW, Dupont, Ebay, Etsy, FedEX, Del Monte, GameStop, Goldman Sachs, Guess, Harley Davidson, Hasbro, HSBC, IBM, Jack in the Box, John Hancock, Johnson & Johnson, KB Home, Kyocera, Lear Corporation, Lowe's, Macy's, Marriott, Mattel, MicroSoft, Nestle, Nokia, Nordstrom, Papa John's Pizza, PayPal, Penske, Pepsico (Pepsi)... and MANY more.
Let's all take an active part in THE PLAN... take down the corrupt players in the financial sector who have been milking our money, destroying businesses for generations.
Is Vanguard considered a brokerage? Or would I have to open a new account at one of the above mentioned?
Webull is easy and fast...but they are Chinese based
Fidelity is great, USA...may charge fees
TDA...they arent to be trusted due to GME saga
Also Webull was one of the brokerages that halted trading on DWAC thursday. I have them and now consdiering fidelity. Its fucked me hard on that open and rocket to 175. Missed major gains because of it. Im a retard stock trader. But so far reading a assload of info Fidelity sounds like the least amount of fuckery for retail investors. As with everyone, this is not financial advice and im a ape but dont eat crayons
Many on fidelity and vanguard are commission free. Competing w those fractional share trading apps I guess
New to this. I have been using AmeriTrade. Do you know if they are friendly towards the Computershare? Trying to navigate this while learning as I go has been a wild ride.
Fidelity
I just started this adventure and didn't understand about the limit order vs. market order and used market order. Yep I took a beating, so now I have to hope it goes up way higher than the opening price yesterday. Live and learn.
I wouldn't worry about, 1. It's a learning curve, 2. It's a new stock, first couple of days is nothing to judge by, 3. Regardless, you're helping the Trump Train locomotive over the DS/CB!
I’d rather use money to buy DWAC than donate it to the RNC or any Rino candidate ever again.
White hot hate for the RNC me haves.
It could also split in the future which would double your number of shares. Of course, I believe the price then goes down but can always go up from there. I'm not a day trader so I'm looking to buy and hold for at least a couple of years.
My brother in law didn't understand market vs limit. Robinhood automatically buys at market unless you go through a bunch of clicks and loopholes. So when the market opened yesterday, instead of him getting what he thought were ~$63 shares, it forced him to buy ~$119 shares. Yesterday I could see that roughly 3% of the shares were bought at that price, and 3% was the highest grouping on the chart...so I'm assuming those were all people who got screwed hard by Robinhood.
Even at $119 its a steal, it could have been far worse. One Anon here had his shares filled at $175. I never use market orders, esp on volatile shares, for this very reason.
True. And that poor Anon.
He didn't understand. I've been teaching him what little I know now. He also didn't understand that he placed an order for market hours instead of after market trading. Robinhood isn't user friendly at all. It just has you put in your total money you want to spend, then does everything else for you. Unless you go click something that says "Dollars" to get the full menu. It's awful.
Thats who bought my shares at 175!!!
I never saw the price actually hit 175, and the trend doesnt reflect that either.
Im buying back in on monday.
How do you know 3% of shares were bought at that price? How do you find that out?
I think that's what it means on WeBull. Is the only way to share a screenshot/picture to create a new post?
Send me a check and I'm on it.
Me too please ELI5
Open an account at stock site like E*TRADE Would be first step Or find a stockbroker you trust
Just an FYI, ETrade put a hold on my funds for 3 business days, so I can't do anything. If you plan to use ETrade you'll have to choose an option, like wiring money, that doesn't put a hold on it.
I've been using WeBull. It allows trading with up to $2,000 uncleared. It also explains stuff well for a noob like me, like Stops and Limits. There were rumors it's owned by China, but I have no idea.
Whatever you do, don't use Robinhood. It's awful.
If you already have your bank account set up with e trade you just hit the top transfer options, click on your bank account and then your trading account and it’s usually there within minutes. No three day waiting.
Yeah, but I didn't have ETrade, so made a new account. Like these anons want to do, so was just warning them there might be a hold.
I linked my bank account, and since the ETrade account is new, it put a 3 day business hold on it. Arg. Oh well. I was wanting to get a few warrants, but not sure if it's worth it. I was able to get some stocks on WeBull.
I use WeBull and Fidelity haven’t had any problems.
Webull halted trading on DWAC for a loooong time Thursday. And DWACW, DWACU cant be bought or traded. The halted fucked me hard but other than that it is pretty easy for noob ape traders like me.
Fidelity shows a 1-2 day wait time to link up with my bank account. If the black hats try to sink it Monday, at least I'll avoid that!