What did DWAC just do?
(media.greatawakening.win)
Comments (17)
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Probably something to do w this: https://greatawakening.win/p/16amYjdRxh/zero-day-grand-jury-votes-to-ind/c/
Trump indicted shorts covering. The stock market doesn't work the way you probably think.
The way most people think it works, that when you buy a stock it goes up, when in reality its all controlled with derivatives
Look man, I'm not here to argue with you. If you didn't think that, just be quiet. Theres no need to be a snarky ninny about it. I make my living trading and own thousands of shares of this ticker and thousands of warrants. Have a nice day
🍺🍺🍺
I do not have knowledge of DWAC. Do you mind giving me a quick synopsis of how Trump's indictment could cause people to cover their short? What are the investors expecting?
Did they think DWAC would climb, and now, because of the indictment, they think it will fail?
What is DWSC?
Thanks!
Dwac is supposed to have merged to form trump media technology group. It has been held up by Gary gensler who was hillary Clinton's chief financial advisor and who funded the Russian dossier. The people holding it up under gensler are, iirc, Peter strzoks wife. The merger has been held up longer than any spac merger in history for no good reason. They've used this time to short the stock down and do a retracement back to pretty much what it started at, day 1 of merger announcement hundreds of days ago. You cover your shorts at the bottom of the retracement if you're a hedge fund and you don't want to get caught up in another wave of trump supporters buying his stock out of anger to support him
That makes great sense. Thanks so much!
https://www.washingtonpost.com/business/economy/gensler-corzine-relationship-complicates-cftc-probe-of-mf-global/2011/11/04/gIQATRMlnM_story.html
Gensler was a felon quite central to all the financial crimes leading to the 2008 meltdown and collapse of MF Global, AIG and others. It should come as no surprise that thieves and criminals will rally to any deepstate banner whether its hold by the clintons, strzok or any of the usual suspects.
I'm well aware lol. How this guy isn't in prison is beyond me.
I gotchu, just figure that the other people here could use some expanded context around who this reptile is, and who owns his allegiances.
Oh for sure. Its so blatant to us who follow finances but most people are told finances are beyond their understanding even though it really isnt. Most people can understand what it's like to be blatantly robbed but the jargon disguising simple concepts keeps them from ever looking
I bought pretty much at the top and have shrugged and hodled all this time. We’ll see!