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.
Question. I've heard over the years that putting in a limit order to sell your shares also locks them up and prevents short sellers from using them. So if you had a stock at 10 you could put in a GTC limit order to sell your shares at 20. I guess the argument is that they are in play to sell no matter how far from the price and can't be taken away for short selling...
You familiar with this?
I have heard of this aas well, and for the longest time I had put in a limit order for my GME at $500, but I cancelled it. First, I dont know when the MOASS happens, and when it happens if my GME gets sold I will cry for the rest of my life. Second, I havent been able to confirm this theory authoritatively.
Also think about it - if the stock you own is a "phantom" share (the brokerage just created it based on the real stocks they are holding for someone else), and when you sell they just get rid of the phantom share, why would this situation change if you put a limit order? At what point will this situation change? Nothing really happens when you place the order, except a few entries in their database.
When you DRS on the other hand, there is a clear process they have to follow that ensures they need to find a real stock for you. So I am inclined to believe this limit order theory is a urban legend. Happy to be proven wrong.