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:
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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.
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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.
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.
Yup
I agree, yet still use it. It was simple when I was learning and ..ya
Im not really into stonks to get rich. Just to hurt the system/establishment. Only reason i was holding AMC
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?
No. They were wrong. DRS is just you taking custodianship of your own shares. They were referring to rehypothication. which is where your broker can borrow your owned shares. At Fidelity, specifically, you have to give them explicit consent for this to happen.
Haha, no they have all been known to lie, especially when it came to GME. Infact by not doing DRS, you are allowing them to short the stock, so their response is telling.
That’s a straight up lie lol. Like so bad of a lie I’m calling it malicious, they scared.
At vanguard eight days ago, they had so many DRS requests for GME, they streamlined the process. Got a confirmation of request, waiting for computershare snail mail account number.
The shares are linked to your ss# so they come out of the pool.
I guess I’ll do the same w DWAC...
Even a big euro CEO let this strategy slip during an interview (on CNBC?) earlier this year...let me look for a link
please post proof...this is criminal
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.
I would say for now just HODL both shares. For GME you might want to do DRS, its been explained on r/SuperStonks in detail. As for DWAC, right now the name is a clue, but as more things happen it will be clear what our role is in this.
DWAC is not listed on computershare for DRS - how do we DRS or deposit/withdraw @ custodian the DWAC security?
You need to find out who holds the shares for the company owners of DWAC. Gamestop goes through Computershare.
I think we may need to now DWAC our shares and not DRS
https://www.reddit.com/r/GME/comments/qcuxt1/whats_the_difference_dwac/hhipx8y/
spread the word
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.
I agree DRS is simpler, I think the naming is more of a clue to whats coming rather than actual call to action.
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.
Amen
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
time to hold all 3 and find out
It's a lot of money for a spac with no target.
Gamestop itself isn't going to crash.