Something is coming to Truth Social and it scares them. Shills everywhere here talking about selling DWAC, Musk attempting to rebrand Twatter, and now WaPo hit piece on how Truth Social is failing and Trump may go to GETTR. And its just Tuesday. I’m comfy AF.
(media.greatawakening.win)
🧠 These people are stupid!
Gonna keep holding Dwac and dwacw. Yes, it’s down, I suspect it will go up after merger. Remember, it’s not a loss if you don’t sell.
100% correct. Every shareholder needs to repeat this.
Everybody's Selling - BUY BUY BUY!!!! Everybody's Buying - SELL SELL SELL!!!!
I did exactly the same as you for exactly the same reasons. Unless someone got in DWAC at initial offer price, warrants are the better deal at current prices.
I did sell a ton at the highs and have rebought in xxx DWAC and hold only 10 @$12.25 now, am holding double in DWACW and I keep buying both on dips u/#mikeyep
I have 300 shares of DWAC. Should I sell and buy DWACW instead?
Read my post in wsbets I'll link it after editing.
Edit:
https://scored.co/c/WSBets/p/15HIY8YEml/
Anyway you can't go wring with dwac but dwacw has far greater potential even with tax implications.
I have about 300 also. Everything I touch turns to shit. I get my first SS check this month so that means social security is getting ready to go belly up.
I did not invest more than I could afford to lose though, so I am going to hold on until it goes to a penny. Then it will be worth about the same a the green back.
Class A you never have to worry about again; up to you, I have both. Class A is the one that is impossible to borrow currently, and will be the only voteable shares for the merge.
🦍 with 💎 🙌
No cell, no sell.
2 shares of DWAC, almost 20 GME, 5 of them locked up with DRS.
This might be a dumb question. I haven't been following stocks. I keep up with a lot of political conspiracy but not the financial.
What is the significance of GME?
Hedges shorted it (borrowed many shares, sold them expecting them to tank because brick and mortar game shops in this day and age would hemorrhage money)
They were really fucking with it and making all sorta of derivatives, so people realized if they bought enough shares, when hedges had to return the shares they borrowed, there'd be nowhere near enough available and price would skyrocket.
They've been manipulating the market since, including disabling a "buy" option and only allowing people to sell their shares so prices would drop and hedge funds could cover their shorts.
But people kept holding and buying whenever possible. Hedges had to take loans/extensions/dump other assets to cover (I suspect many of the crypto sell offs were for this reason).
By holding and buying up more, users are creating a ton of pressure and the market tricks can only go so far. The idea is that when it all gives, true price discovery will finally show.
Much like how the metals markets are manipulated. Silver and gold are far below what they should be due to COMEX tricks and the selling of the same metals in unallocated vaults to multiple buyers who never demand delivery.
The same 1000 oz bar of silver may have 100 owners and no odd ever demands delivery so the metals banks and exchanges keep reselling it to keep prices down.
Now, many MANY people have been demanding delivery and the banks are losing the metals that they love to play tricks with.
This is a VERY oversimplified explanation.
Also, beyond the shorts that haven't yet been covered (and never will because they sold more stock shares than exist), GME is rumored to be doing a lot of work behind the scenes with blockchain based off Ethereum tech. Rumors are they are going to be offering a market not just for games(licenses) and NFTs to be openly traded but even other cryptos and a blockchain alternative to the NYSE/NASDAQ markets.
Their management changed last year when they got a new chairman who basically got rid of much of the executive staff and board of directors.
Great, succinct explanation. It's easy to get lost in the terminology weeds like I did at first. There's tons of good DD on r/Superstonk for anyone wanting to take a deep dive. My question is, why would any market maker or prime broker ever have a margin call when it's sure to bankrupt them and everyone up the chain from them? Seems to me that, while there's only one outcome if we buy, hold, DRS, this will drag out until the float is locked.
I'll try to sum it up, I'm nowhere near as smart as the apes on the subreddits.
Hedge funds tried to do to Gamestop, what they did to companies like Toys 'R' Us, Sears, etc. Someone realized it, because the financial institutions naked short shares, which is supposed to be illegal. They never covered or closed their short positions last year, and MOASS, mother of all short squeezes, is just getting worse for them. They'll end up getting margin called, and have to scramble to get real shares, because naked shorting is creating shares out of nothing. It's estimated that in the US alone, we own multiple times the float.
r/GME and r/Superstonk are great places to read to get better information.
Ask White Square Capital and Melvin Capital what the significance of GME is...
It's only a loss if you don't buy the dips!
I was lucky enough to get in DWAC at $15 and sold enough to cover my initial investment at $175. I sold the rest at $98 and change recently before the sell off. I put about half of my profit back in DWACW because it seems like a better play if you plan on holding long term, IMHO.