DWAC upon merger will be converted to ticker $DJT
🏆 - WINNING - 🏆
Yes!
The originally thought of ticker of TMTG is actually going to be DJT. Cant wait to have the greatest ticker of all time added into my portfolio.
Liberals are going to have to see DJT as the hottest and best performing asset in 2024.
We have to go through a market crash first, which I hope brings down DWAC really low so we can load up moar. We know that nothing will stop this stock.
A market crash will most likely not affect all stocks the same. It could very well be that MOASS occurs at the exact same time (causally linked events).
To elaborate a little. Most of the depression of what are called "the meme stocks" is not due to actual sale of the stock, but to short sale of the stock. In other words, the stock hasn't actually been sold, there has just been the creation of stock out of the aether, which is then sold at a depressed price to be covered by "real" stock at some future time (or as they do it, creation of new stock out of the aether to cover their previous aether derived stock).
A real stock market crash is done by actual sales of stock, which is to say, someone sells their stock, driving the bid down. This causes everyone to jump on that bandwagon, putting lower and lower bids, driving the bid down further. Someone is buying up that stock, but the people who hold the stock are only selling to the bid. No one is buying from the ask, thus the price goes down further and further.
In the case of stocks that have substantial short sales, people are just holding, thus the price won't go down near as much, if at all by the "sell to the bid" method of stock price fall.
If it happens that this sale of other stock from the larger market coincides with covering shorts (without rehypothecation), it could also be that this liquidation of other assets making up the greater stock market causes prices to skyrocket on these artificially depressed stocks.
^Crackup BOOM Theory. Mechanics would be that assets currently being used as leverage (i.e. margin) by hedge funds to create and naked short "fake shares" of companies they want to suppress would not only no longer be available to use as "marginable assets", but price drops of those leveraged assets would be so severe as to create a "liquidity sinkhole of cascading margin calls" requiring hedge funds to either carefully select which assets they want to attempt to continue to price suppress or it would cease all at once. And then all stocks with short % at 10-30% of the float (at reported by Marketwatch, i.e. $RUM now at 27% short) would GO TO THE MOON.
It sat in the $12-$17 range for over a year. That was the time to load
Tell me about it. $2.5 warrants. I'm kicking myself.
Could be coming in March when congress fails on spending bill.