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.
I would like to direct register my shares but still be able to daytrade them. Is this possible?
Usually not. DRs make them more illiquid.
Shares in a regular broker are essentially IOU’s - easily exchangeable - but not in your name or true ownership. These shares can be used by hedgefunds to supress the price.
Directly registered, they are safer and in your name. Selling is easy, but buying takes 3-5 days, because you’re getting the real thing delivered. These shares are untouchable by anyone other than yourself. These hit the market and raise the price.
I don't believe you can do dat trading if you DRS. It might be a good idea to set aside atleast a portion of your shares for long term HODL and DRS those, while you day trade with the rest.
I am still checking to see when DRS will be possible for this. I am guessing once the merge happens, lets see.