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.
At some point, the gap made at 45 (lol) is going to have to be filled (the irony is not lost on me lol). Manipulated or not, the market makers and traders don’t like open gaps like that. So, I would expect the price to go down anyway to fill in that gap. Then the price can go back up from there, hopefully with some nice levels of consolidation on the way up. Volatility is not really good. Remember that the market goes in waves— always up and down. This is not actually like GME (aside from the fact that market makers are generally criminals). Watch most IPOs and they are pretty volatile like this in the beginning as price finding occurs. And because of strong public interest, that makes DWAC even more volatile at the start. Best is not to chase a big run up. Wait for your entry when it comes back down. Learning to read the indicators like MACD, KDJ, Stochastic RSI, EWO, etc. That’s what I’ve been learning while waiting and watching the crime going on with GME.
Would you mind sharing some links/resources regarding these?
Generally, this resource is good: https://www.investopedia.com/terms/m/macd.asp
That’s for the MACD. You can look up the others, and likely any other things that come up. It’s pretty comprehensive.
The Webull app has a good paper trading and simulated trading function. So you can trade with play money as you learn. I basically watch the patterns to see how things happen and when. The indicators are lagging so they can’t reach predict, but I think they give good info about momentum and sentiment and which way things might go. Of course hedge fund crime can throw in a wrench. If you observe the same stocks regularly, you can figure out the patterns of the traders (day traders— usually biggest impact in the morning and at closing). And you can see the patterns of the market makers and traders algorithms when volume is light. I’m no expert at all, but I have learned a ton since jumping into GME. I wish I had time to learn more. I’d really love to learn options, but that will have to wait.
Webull also has some little training coursed in their app. I think I did one a while back. It’s worth looking into.