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!
DWACW is on fire sale right now if you plan on holding long-term.
I don’t understand the difference. Why is DWACW better for long term? I plan on buying some tomorrow but don’t know which to buy.
Why it's better for long term - If you want to buy and hold a stock long term, it's because you believe in it's long term growth potential. So, DWACW is better suited for a couple of reasons: 1) While you can trade them like a regular share up until the point that the merger goes through, once that happens, you'll have to wait until the waiting period ends in order to buy the actual shares of the new company. 2) The price per share is roughly half that of a regular share at current price once you add the $11.50 back into the price you paid for the warrant - this is a concrpt I like to call "Buy low, Sell high",
Hmm ok. Thanks! I'll go buy some now!
What platform do you use, I have only used RH (I know), they don't have dwacw
Does we'll? I understand an account with tem I used for a free stock and never did anything with.
Fidelity I tried opening 2 years ago and an error occurred and I gave up.
E-Trade
Holy shit I have $1000 buying power on webull I must have funded the account when I opened it back in 2020 and completely dropped the app.
Looks like I'm getting DWACW tomorrow! Someone had explained to me what warrants are but I forgot. They're super cheap, do they turn I to shares after a set amount of time?
Not really - they are more like an option to buy that you have to pay for. They can be exercised 30 days after the merger (I believe it's 30, someone correct me if wrong). For every one warrant you have, you can purchase one share of the new company for $11.50. Example, if your bought DWACW at today's price of $12.21, 30 days post merger, you can use that plus $11.50 to purchase a share of the new company. It would be the same as purchasing one share of DWAC for $23.71. I'm new to SPACs so some of my details may be a little off - anyone more knowledgeable, please chime in.