DWAC shorts just got put on notice... interesting.
(media.greatawakening.win)
Comments (50)
sorted by:
What does this mean?
This is absolutely wrong!!!!!!
This means that in order to short it, you need 300% equity. So if DWAC is $100 you need $300 to short that one share. 100% for long positions literally just means you pay what you buy.
That's how I read it. It also says naked calls will be blocked.
Understood, but there’s absolutely no way in hell, anyone with 2 brain cells would drop a hundred million dollars short on a stock with wild publicity and retards jumping on it, within a couple days from launch.
HFT and PFOF benefits institutions, ahem, Citadel, but the way price has so far fluctuated doesn’t point to high-influence manipulation like GME.
Not to mention, GME has been battling cellarboxing/naked shorting for about a decade to the highest degree, and they still couldn’t get it to bankrupt. Let alone a Trump backed SPAC.
This notice came out today after the big run---------- so they were shorting it normally, but no more from here is my understanding.
Thank you for the explanation, I'll look it up.
I disagree with his explanation- see my other comments.
Thanks. I'm basically brand new to this but I'm interested in getting into trading as a side thing! The explanation is appreciated.
Should we get out? I have 5k in dwac.
I'm not the type to give out financial advice, but if I were, I would advise to never bet against Trump.
I dont. Your right. Trump is gonna win.
Ya. Hopefully this is a sting and it's being monitored. What is DRS your holdings mean?
Hello fellow Ape…Buy Hodl DRS!!
Thank you for educating and bringing MANY more patriots into the financial war that we're in.
In the past year, it has been BEAUTIFUL to see the apes wake up. But oddly enough, when I ask the question, "if the MSM have been lying to you about GME, what ELSE would they lie to you about."
Crickets....
Thanks
No one can yell you that, but no one ever lost money taking a profit.
I don't think this guy is correct- see my other comments. Also, it looks like Rumble may be announcing that DWAC is buying it tomorrow........ news+ price increase. I think we'll see another solid green day tomorrow after today's pullback/rest.
Just a rumor, no one really knows. Ppl saying bc Don Jr. retweeted some rumble tweet.
I am not on twitter, but it the Rumble guy tweeted out that their biggest news ever was hitting today, and DJT Jr. retweeted it. Speculation is that they will be acquired by Digital World Acquisition Corp (DWAC).
Was it just Schwab that issued this statement, do you know? I'm holding DWAC with TDA and I didn't get a notification like this.
The fact that Don Jr. retweeted Rumble's post (about big news tomorrow) leads me to think that you might be correct about an acquisition.
I don't know- that screenshot was the only source. I wasn't notified, but I never try to short so I'm not sure who was notified.
Marinara or Pesto. Occasionally Alfredo.
You're VERY saucy
What should we do?
It means if you want to short it you have to have 300% the value of the stock in assets because if it goes up a lot you could end up owing a ton. So if you wanted to short $10,000 worth of the stock, you'd have to have at least $30,000 in assets in your investment account.
This is my 1st investment in stock. What is shorting? I know sounds dumb.
There's additional risk shorting stocks, too, because you have to pay interest on the borrowed shares. So if the price doesn't fall fairly quickly, you can lose a lot of money.
Correct, unless you play with naked shorts, which means there’s nobody expecting that share because it technically doesn’t exist.
Unless, of course, Apes hold the float 😏😏😏
It means betting that the price will go down instead of up. But to do that, you have to borrow (step 1) shares to sell (step 2); then buy them back to close out the transaction (step 3). The "borrowing" step is an extra step compared to just a normal buy low/ sell high aka "long" like what you did. I've been trading over a year and I never short- it's more complicated and risky so I have avoided it. If you want some entertainment, the movie the Big Short is based on a true story of the guy that bet against the housing market before the crash. Here's the best scene. https://www.youtube.com/watch?v=Cxjdj5_5yNM. Edit: The scene is him borrowing the shares to short of mortgage backed securities.
I have no clue.
Well I am no expert, but I believe it means that if someone wants to short $10,000 worth of shares, they have to have $30,000 in their account because the brokerage firm isn't gonna hold their bags this time like they did for GME. That's good news.
We gonna lose all our money?
No- it's good news. The brokerages are requiring shorters to have 3x the amount of any amount they short so they aren't left holding the bags like they were for GME. THat's how I read it anyway.
Only if you paper hand like a little bitch
Very Interesting
https://iborrowdesk.com/report/dwac
The borrow fee is getting quite high....
If the Short positions are at risk, the risk for them is that the price is going to rise.
I think they are telling the shorters they aren't covering their a$$es this time like they had to do for GME... which is why there are saying they have to have triple the cash in their account to short.
No naked calls??? I guess that would create too big of a blowout.