For DWAC to be a short-squeeze that means more shares must be issued than are currently held. That major investment groups bet against DWAC in massive, massive plays on the impending collapse of the share price. And then retail investors and institutions that stand behind DWAC hodl to squeeze the short sales when they are margin called or are forced to liquidate at rapidly inflating share prices due to their miscalculated undervaluation.
While I agree that DWAC could have a massive ceiling and increase in value by many hundred percent - there is simply no comparison here to GME.
GME is truly the MOASS. DRS float-locking + NFT + Margin call are 3 potential catalysts to unlock potentially 8 figures-per-share values.
I highly doubt the volume of shorts for DWAC is even in the same stratosphere as GME was a year+ ago; nor is there a surge of investors following DWAC to trap those shorts.
Could a squeeze occur? Absolutely!
Could a major increase in share prices occur organically? Fo sho.
Could both of these together net amazing stock prices? Yep.
Will all of the above come close to GME's moonshot MOASS? I highly doubt the ceiling for DWAC could even crack $500 per share with a squeeze in the near-term. But a 10x increase in share price would be nice! And I hope I am undervaluing this guesstimate.
For DWAC to be a short-squeeze that means more shares must be issued than are currently held. That major investment groups bet against DWAC in massive, massive plays on the impending collapse of the share price. And then retail investors and institutions that stand behind DWAC hodl to squeeze the short sales when they are margin called or are forced to liquidate at rapidly inflating share prices due to their miscalculated undervaluation.
While I agree that DWAC could have a massive ceiling and increase in value by many hundred percent - there is simply no comparison here to GME.
GME is truly the MOASS. DRS float-locking + NFT + Margin call are 3 potential catalysts to unlock potentially 8 figures-per-share values.
I highly doubt the volume of shorts for DWAC is even in the same stratosphere as GME was a year+ ago; nor is there a surge of investors following DWAC to trap those shorts.
Could a squeeze occur? Absolutely! Could a major increase in share prices occur organically? Fo sho. Could both of these together net amazing stock prices? Yep.
Will all of the above come close to GME's moonshot MOASS? I highly doubt the ceiling for DWAC could even crack $500 per share with a squeeze in the near-term. But a 10x increase in share price would be nice! And I hope I am undervaluing this guesstimate.