DWAC shorts just got put on notice... interesting.
(media.greatawakening.win)
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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.