There seems to be many contradicting ideologies in this site regarding the DWAC stock and that being the case, shilling and sliding and manipulation is going to be a piece of cake for hedge funds and other groups with nefarious purposes.
As a disclaimer, none of this is financial advice, do your own research, and WWG1WGA. You are free to make whatever decision you want.
One of the most jarring contradictions I see is people claiming to selling high and buying back in at a lower price. And it appears a good majority here agrees with this sentiment and probably doing it themselves. I have been with the GME saga from the start and I can tell you that this strategy benefits no one but yourself (in a very short term sense) and the hedge funds who are shorting the stock.
The outstanding shares of this company is only a 1/3 of what Gamestop is. With the volume we are seeing with this stock, we should have secured the outstanding shares by now. But instead, the vast majority are seeing this as a day trading opportunity and moving on once the excitement dies down. Yes we can blame the hedge funds all we want for using dark pools to hide buy orders, and short selling to drive down the price, but a good deal of this can be blamed on retail investors as well.
There is a reason why GME apes' mantra is BUY AND HODL. No where does it mention any selling and buying back into the stock to raise your share amount. Hedge funds are currently shorting the shit out of DWAC. You selling your shares are giving them the ability to repeat this process and cycle over and over again.
Hold your damn shares. Get some diamond hands. Allow them to continue shorting and creating synthetics to put themselves into a hole.
We need to be more coherent with our message around here.
Do you want to support this company and see it rise to new heights? Or do you want to make a quick buck and call it a day? If you believe this is more than just a pump and dump, that you are actually investing in something that can change our country for the better, that this is something you know the world needs, then you know what to do. BUY AND HODL. Very simple message. Instead of selling when the price is high and buying more when it drops, hold and buy more when the price drops. In that way, we are effectively locking up the float and restricting the hedge fund's ability to further manipulate the stock.
But of course it's not just as simple as that. Buying and holding is not a foolproof way to prevent manipulation. But it does allow the hedge funds to further dig themselves into a hole and allows the short interest to grow. Stock brokers can lend out your shares and contrary to this ongoing belief in this site that setting high sell limits will restrict them from doing so, is false. They can lend out your shares regardless of the status of your shares, as long as it is in your account, have no doubt, they are lending them out.
The only way to prevent them from lending out your shares is through registering the stock through DWAC (Deposit/Withdrawal At Custodian) https://www.investopedia.com/terms/d/dwac.asp Computershare is not the transfer agent for DWAC so you will not be able to register your shares with them.
DRS is the electronic version for Deposit/Withdraw At Custodian. https://continentalstock.com is the Transfer Agent for DWAC.
Last note I wanted to end on that expounds on a point mentioned prior.
This is not just an investment opportunity. This is for your children. This is for your family. The censorship, the manipulation of information, the corrupt media that is costing lives in this country can be brought to an end.
Take care everyone and I am excited for the future and what it will bring.
BUY AND HODL.
WWG1WGA.
NCSWIC.
I really don't think any investment firm is going to lose their ass over the new stock. They may have fucked up with gamestop but why would they do that again? Besides, I don't see anything going belly up. I don't really understand how we are saving the world by buying Trump stock and holding. I guess that part needs to be spelled out a little more for me.
One thing I've learned is that these people exploiting and gaming the stock market are no different than the types who finds exploits in online multiplayer games lol
In my many years of playing games, whenever you smoked one these people out of their exploit...they went right the hell back and doubled down. In fact they wouldn't even try to do anything else except vehemently try to get back to exploiting.
This is a little different. Short hedge funds are the cheaters who don’t get banned because they know the developers. They don’t play by the same rules you do. Their tactics are not honest exploits of a happen-stance loophole, they were built in and programmed for the exact purpose of them using it as an advantage over others.
Look at Citadel bitching and crying to the SEC this week in court over retail beating them at their own game by following the rules. They literally argue that they have every right to not play by the same rules as us! It’s fucking crazy.
So when you beat them, they don’t change, they go tell on you to daddy. They are far below how you portray them. Complete sorry losers.
I listened to that weasel Citadel lawyer for a bit from a live link on superstonk daily thread. He didn't impress the judge any! Fast talking twit was too clever by half!
Never underestimate TDS.
They will jump onto any stock that has fresh new retail sentiment as there is money and manipulation to be made. They are not margin called or bankrupt yet. They will use crypto and stocks to continue to try to stack chips to counter the onslaught that is fast approaching them.
Hi McFartington, I really want to buy and I have been trying but I do not know how. I have never done this. At least $100 because I am not rich. Please make it easy to me. Just simple steps. Btw do brokers charge a lot of money? If I get a Fidelity account Do I have to have money? Thank you for all you do.
Brokers do not charge any fees anymore because they sell you the stock at fractionally higher prices. On Fidelity, you have to deposit funds by linking your bank account. Also, they do not sell fractional shares so you have to buy them whole. For example, the price currently is $55. You would have to pay $110 to buy two of them, or you can only buy one with your budget. And no, there is no minimum with Fidelity. You can start off with $100.
i bought fractional shares on fidelity.
You told something about invest and hold? How is that? Will you guide me? If I open the account Can it be with the $100.00 I will invest?
What is so hard to understand? Trump Media has the potential to take down main stream media, Twitter and FB. Twitter and FB censorship keeps the American people stupid to the truth. The main stream media can lie without being exposed because counter arguments are deleted in social media when it does not conform to the main stream narrative. Trump's new social site will expose the truth, zero censorship. If Trump is going to expand his multi media complex he needs revenue to do it. If people are selling to make a quick buck, they are taking away funds from the only tool offered currently to destroy the deep state. Its simple.