If you hold DWAC, set a sell order at something ridiculous like $10,000 per share for the next month. It will prevent shorting. Don't let the liberals make money off other conservatives!
Ignore if you DRSed.
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Stock noob here with a big DWAC position, If I am not DRS'd and I don't have any sell orders in, how would shorting affect my shares?
People can borrow your shares high to sell, then buy back in low, exerting downward pressure on price.
With my broker that is only allowed if you consent to it.
I was seeing a message yesterday telling me I could make money by loaning my shares, but I had to OK the loaning of the shares. Fuck the shorts they won't be getting my permission to screw this stock.
Not true. They lend your shares even if you're not in a margin account. Have we not learned from 2000 and 2008?
I'm in a margin account.
They are asking me to sign off on loaning the shares. If they have to ask me to sign off on it in my opinion that means they cannot loan the shares unless I do. If that were not the case they would not even ask.
Well that's fucking lame, and if I DRS my shares they are "mine" and they are not allowed to do that?
I've heard there are delays in selling with DRS'd shares, if I was trying to sell my whole position the day of the merger quickly would DRS'ing affect this?
It depends on the transfer company. Computershare allows limit orders, several of the other do not. I have all my gme in computershare and all my dwacw with my broker. Make sure it's a good broker and not robbinthehood.