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.
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.
I'm glad I'm not the only one who took the rookie $175 beating.
I just found out about margin accounts....gme hodler since Jan
Yeah it will if there is no more fuckery. Apparently the stock is like 300% shorted or something according to someone, meaning they will have to really dig in and dig deeper to keep fucking around. But they cant afford to let it rise because it will sink their sorry asses due to all the shorts they already did. Would be fun watching them squirm though.
Thank you all for your tips. I didn't know about market vs limit. I plan to buy more dwac so I'll definitely use this information. God bless you!🙏🇺🇸
Have to really watch on if DWAC is volatile like it was thursday. I missed 6 buy in and sell bulk slots because i didnt guess right within a couple of $ .02, cents.
Always add a couple cents onto your order. Like, instead of $20.50, make it $20.52. Stocks often bounce on easily divisible units (like $x.00, or $x.50 depending on how much the stock is selling for). When they hit those common number buy orders adding those extra two cents helps ensure you'll catch it before it bounces too high.
At least that's my two cents.
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.
Yeah, in my brokerage account the graph never hit 175, but the high showed 175. Dont know if thats fuckery or just honest mistake
Yes, I wasn't watching every second but I only saw it get in the 140s.