All of my tickers showed red excepts for DWAC & DWACW this AM. May have been a result of post & premarket. Unless it was just all tech stocks in the red.
DWAC is a long haul not a day trade. It's going to go up and down for a while but it will get legs after Trumps Truth Social launches and they go one an acquisition offensive. If you got it HOLD IT! It's going to go off and when it does I hope for 2:1 split soon after.
Someone here recommended Computershare as a broker, but I tried and they didn't seem to list DWAC. Yet searching for "how to buy DWAC" brings up several, including Robinhood. What's up with that? The only stock I ever owned was inherited.
Computershare isn’t a broker, it’s a transfer agent specifically. A really simple way to look at it is they manage the issuing of a company’s shares to the DTCC. The DTCC then “manages” them on the market. When buying a share through a broker (fidelity, TD, Merrill, etc.) they use the DTCC and essentially write you an “IOU”. Your name actually never gets associated with any shares, instead “Cede&Co” are the owners and you just have beneficial rights.
With ComputerShare, your name specifically is associated with ownership of the company and you are written to the company ledger as an investor.
Based on my research DWAC does not use ComputerShare as their transfer agent and I’m not really able to confirm who is their transfer agent yet. Happy to get additional info here!
You can buy it using any broker. I have been using TDAmeritrade and Webull but want to leave both for SpeedTrader. Others recommend Fidelity or Etrade. If you aren't trading full time, one of them should work. I want an American company that I can trade early pre-market (4AM) and that doesn't screw people.
No problem- I was half asleep when I typed that earlier comment. To be more clear: there are 3 "retail trader" platforms that offer trades for no fees. They are Robinhood, WeBull, and Etrade. I think Etrade trades are free anyway, I never used them. Robinhood stabbed their customers in the back BIG TIME over GameStop and have been accused of ripping their customers off by their speed of transactions and routing. WeBull, which I have really liked, is apparently (I just learned this) owned by a Chinese Company.
The next medium level platforms are probably TDAmeritrade (now Charles Schwab) which I had a huge problem with previously (I won't get into it but I need to get off of their platfrom asap) and Fidelity. Maybe Computershare falls here too, but most people are recommending them because you can get certificates of ownership for stocks from them, whereas other companies it is all pie-in-the-sky virtual shares. A lot has been written on that and it is mostly part of the GME saga as well. The fees for trades on these vary.
Finally there are platforms for professional traders that you pay more fees for, but you have custom and direct routing that can make a difference when speed really matters. If you aren't trading multiple times a day, these platforms are not necessary.
Good luck! DWAC dipped some today. I'm excited to see where we'll be when it launches. Edit: I may have stated that Computershare thing incorrectly as I don't know if they are called certificates or something else, but you get the point.
there are 3 "retail trader" platforms that offer trades for no fees.
There are more than that. Most of them are doing the "zero commission" thing now.
You realize there is no free lunch, right? They are not doing it out of the kindness of their hearts (which they probably don't have -- kek).
They either front run your order, or act as the market maker to buy/sell it to you at a markup for them. You pay more for the share price, in exchange for "zero commission."
Just an FYI for those around here who don't know this.
Computershare is for Directly Registering; if you wanted to do that you would do it through ContinentalStock.com.
If you want to own in a brokerage, my recommendation is Vanguard, as they take less risks. It will take a few days to transfer money in but then the Ticker DWAC is the class A. Just snag some and don't touch it for a few years. Already it's doing crazy things, probably a lot of turbulence to come, but truly it is doing this craziness with the full force of the TDS people against it.
I do not recommend WeBull, TDAmeritrade, Etrade, Robinhood, Point72.
Also, this stock is VERY risky at this point. Zero revenues. People should be aware that this stock is NOT a business, yet. Maybe it will become one, maybe it won't.
It is a SPAC (Special Purpose Acquisition Company) with NO functioning business. It MIGHT become a business related to Trump's social media platform.
MIGHT.
We do NOT know (yet) if the hype will become reality.
Why not wait until that actually happens? If it does, there will be plenty of time to jump on board. And if it never does, well you can guess what these shares will become worth.
Currently, their last quarter showed $160,000 in expenses. If that rate continues, that would be $640,000 per year. Not enough to run a real public company, but plenty for a nice CEO salary, a small rented office, an assistant, and some money for marketing (to see if they can make something happen). Nothing else.
Strategy-long term hold, this will fly once it gets its wings!
Yes, the market ended in red but DWAC was still standing green!!!
Let's Go!!!!!
Market ended in the red???
Which market are you talking about? Zimbabwe?
The US market indexes were all UP yesterday.
All of my tickers showed red excepts for DWAC & DWACW this AM. May have been a result of post & premarket. Unless it was just all tech stocks in the red.
OP said yesterday. And YOU said "ended."
Yesterday means yesterday, not this AM.
Yesterday, ALL of the US market indexes (i.e. "the market") ended UP at the closing bell.
This morning is mixed.
DWAC is a long haul not a day trade. It's going to go up and down for a while but it will get legs after Trumps Truth Social launches and they go one an acquisition offensive. If you got it HOLD IT! It's going to go off and when it does I hope for 2:1 split soon after.
Someone here recommended Computershare as a broker, but I tried and they didn't seem to list DWAC. Yet searching for "how to buy DWAC" brings up several, including Robinhood. What's up with that? The only stock I ever owned was inherited.
Computershare isn’t a broker, it’s a transfer agent specifically. A really simple way to look at it is they manage the issuing of a company’s shares to the DTCC. The DTCC then “manages” them on the market. When buying a share through a broker (fidelity, TD, Merrill, etc.) they use the DTCC and essentially write you an “IOU”. Your name actually never gets associated with any shares, instead “Cede&Co” are the owners and you just have beneficial rights.
With ComputerShare, your name specifically is associated with ownership of the company and you are written to the company ledger as an investor.
Based on my research DWAC does not use ComputerShare as their transfer agent and I’m not really able to confirm who is their transfer agent yet. Happy to get additional info here!
Fidelity is preferred on superstonk
Ty
You can buy it using any broker. I have been using TDAmeritrade and Webull but want to leave both for SpeedTrader. Others recommend Fidelity or Etrade. If you aren't trading full time, one of them should work. I want an American company that I can trade early pre-market (4AM) and that doesn't screw people.
ty
No problem- I was half asleep when I typed that earlier comment. To be more clear: there are 3 "retail trader" platforms that offer trades for no fees. They are Robinhood, WeBull, and Etrade. I think Etrade trades are free anyway, I never used them. Robinhood stabbed their customers in the back BIG TIME over GameStop and have been accused of ripping their customers off by their speed of transactions and routing. WeBull, which I have really liked, is apparently (I just learned this) owned by a Chinese Company.
The next medium level platforms are probably TDAmeritrade (now Charles Schwab) which I had a huge problem with previously (I won't get into it but I need to get off of their platfrom asap) and Fidelity. Maybe Computershare falls here too, but most people are recommending them because you can get certificates of ownership for stocks from them, whereas other companies it is all pie-in-the-sky virtual shares. A lot has been written on that and it is mostly part of the GME saga as well. The fees for trades on these vary.
Finally there are platforms for professional traders that you pay more fees for, but you have custom and direct routing that can make a difference when speed really matters. If you aren't trading multiple times a day, these platforms are not necessary.
Good luck! DWAC dipped some today. I'm excited to see where we'll be when it launches. Edit: I may have stated that Computershare thing incorrectly as I don't know if they are called certificates or something else, but you get the point.
There are more than that. Most of them are doing the "zero commission" thing now.
You realize there is no free lunch, right? They are not doing it out of the kindness of their hearts (which they probably don't have -- kek).
They either front run your order, or act as the market maker to buy/sell it to you at a markup for them. You pay more for the share price, in exchange for "zero commission."
Just an FYI for those around here who don't know this.
Thanks for the details!
Computershare is for Directly Registering; if you wanted to do that you would do it through ContinentalStock.com.
If you want to own in a brokerage, my recommendation is Vanguard, as they take less risks. It will take a few days to transfer money in but then the Ticker DWAC is the class A. Just snag some and don't touch it for a few years. Already it's doing crazy things, probably a lot of turbulence to come, but truly it is doing this craziness with the full force of the TDS people against it.
I do not recommend WeBull, TDAmeritrade, Etrade, Robinhood, Point72.
ty
If someone wants to hold for a few years and "not touch it" the best way would be to get the physical share certificates.
https://www.sec.gov/reportspubs/investor-publications/investorpubsholdsechtm.html
Also, this stock is VERY risky at this point. Zero revenues. People should be aware that this stock is NOT a business, yet. Maybe it will become one, maybe it won't.
https://finance.yahoo.com/quote/DWAC/financials?p=DWAC
https://www.dwacspac.com/
It is a SPAC (Special Purpose Acquisition Company) with NO functioning business. It MIGHT become a business related to Trump's social media platform.
MIGHT.
We do NOT know (yet) if the hype will become reality.
Why not wait until that actually happens? If it does, there will be plenty of time to jump on board. And if it never does, well you can guess what these shares will become worth.
Currently, their last quarter showed $160,000 in expenses. If that rate continues, that would be $640,000 per year. Not enough to run a real public company, but plenty for a nice CEO salary, a small rented office, an assistant, and some money for marketing (to see if they can make something happen). Nothing else.
Caveat Emptor.
To each their own.
The SPAC will merge with TMTG and it absolutely will become a business.
It's going to be Netflix/youtube/facebook/twitter/radio/podcasting/news networks all under the TMTG umbrella.
There is nothing risky about it
I don’t think CS is the transfer agent for DWAC, so wouldn’t be able to direct register with computershare.
ty