On Thursday trading halted because limits were hit. They were automatic halts. Friday seemed completely different to me.
The trading halts happened for what appeared to be no reason. It is very possible I missed something.
Assuming I didn't for a minute. What was the result of the trading halts.
The result was price started dropping. Now we know the price shot up like a rocket. You have to expect a pullback from something like that. It just seems a little too convenient. Almost like someone planned to pause the market repeatedly so that everybody could get board to work together and short.
Who knows what will happen tomorrow. On the one hand I want to see price go through the roof. On the other hand I want price to drop so I can buy more.
I know the black hats cannot allow this venture to work. So they are in a bind. If it works they will lose the narrative completely. They lose the narrative = they lose everything.
They have the same problem they had with the election. They were overwhelmed.
Did they short to a point that they are shorting shares that do not exist?
From what I understand there are less than 30 million shares of DWAC. About 1/2 billion shares traded hands on Thursday.
That means on average each share traded about 17 times on that day.
For sure many shares were day traded but what if shorts just keep shorting not expecting the massive volume and now they are trapped?
If so I would expect the price to drop tomorrow and stay low for a little while. They have to go all in or they are completely screwed.
Of course I could be completely wrong but my gut is telling me when this blows it will make all other short squeezes look like kindergarten games.
I think we might need to watch what happens with Evergrande in China. I have heard that Blackrock (which owns just about everything) and some other really big names are in trouble if Evergrande goes down. Upwards of 30 trillion in trouble. If that blows up they will not be able to hold shorts in DWAC. (My guess of course is they are knee deep in this)
The CCP in China is in trouble. If Evergrande goes down so do they. So does the power people behind the curtain in China
We are watching a real war being played out right in front of us. This war is all or nothing.
I really do not think DWAC is going up this week. At the same time I think the more it stays down the more fuel is added to what is coming.
We don't know the short interest so we have no idea. No matter what happens over the next few weeks. When it is all said and done this has been planned out for a long time. I really believe Facebook, Twitter, and the rest are not going to be what they are right now and DWAC (or whatever the name and symbol will be) will be the new king.
I would like to buy more but I am not going to chase the price. If they want to continue to force the price down awesome I will buy more.
So Evergrande did make their payment yesterday. Kind of surprised me. Next one due 10/29
I don't think those payment are the problem. China will not allow everything to collapse over a $84million dollar payment. It is what is going on out of view of the public. The whole thing is collapsing. I suspect all those ships not being unloaded is part of this. China is being squeezed. Maybe not China but the people in power that are using China are being squeezed. Their cash flow has stopped and they are looking at something like 30 trillion when this is all tied together not the 30 billion we are being told is the problem
Think about it for a minute. Congress is trying to push through a massive 3.5 trillion dollar package. Do you think China and or the US will allow a 30 billion dollar default to destroy everything?
They can fix 30 billion. They can't fix 30 trillion.
yes, you're right. What kind of world do we live in when 84 million sounds like chump change? I think the ships are a very big part of this. EO 13848 ... boom!
Bought @ 14 a bunch so I can diamond hands this. Some out there who are conflating putting money into raising stock price to 'this will destroy the deep state / hedge funds / etc' is so problematic... it's the silver / gold spammers / anything Alex Jones sells on steroids X 10.
I also bought in the $14 range. I am holding that. Who knows, price may come back to that. People are sick and tired of "woke" tv, and woke everything else. There is just no place else to go.
Forget the short squeeze. This by itself has a very real potential to replace Facebook, twitter and more. In fact I fully expect that to happen. A short squeeze is just a bonus.
Chasing the price can be dangerous. I just hope people here are careful.
Just because I fully expect this to take out Facebook and others does not mean I am going to go full retard and buy at any price.
I bought fairly high in phun and dwac. I also bought more when price dropped. I'm holding. I didnt put money in that I expect to lose. But, if I do, I am prepared. I will HOLD
17 times? Kek.
There will be a battle like weve never seen. This hits them in so many ways. And the 2 HF scum that dumped their shares Im sure was part of the opposition. Hahah and it was bc it conflicted with their values lol ok conflicted enough to wait till the bad name of DT and his massive number of supporters had that stock taking off.
They are terrified and going down. This is a beautiful move of offense a gut punch which reminds me of what I learned from boxing years when my trainer would say hit the body enough the head will fall.
If we hold and keep buying, the shorts will be wiped out!
They can scare you. That is what they will try to do