If you havent seen the movie about game stop called "Dumb Money" please watch it.
The movie is a reflection on what took place during the gamestop short squeeze. In a nutshell you had Citadel who managed the order flow for RobinHood and other brokers collude with wall street hedge funds to screw over retail. The hedge funds and citadel were losing billions on their short positions in an attempt to bankrupt Game Stop.
Retailers, led by an anon who goes by Roaring Kitty noticed the large short position on GME and started to squeeze wall street. It led to a massive move in GME which was thought to be the squeeze that would end the short and wall street.
Unfortunately the brokers at the direction of Citadel disabled retail from being allowed to open new positions on GME, killing the squeeze.
Congress even investigated the events and found no wrong doing.
Now fast forward to now. Donald Trump is going to be winning back the office. He also will have a publicly traded company after his initials - $DJT on the nasdaq for Trump Media and Technology company.
Retailers who know absolutely nothing about the stock market but love Trump, will buy this stock in a frenzy just because its tied to the greatest president of our time.
I imagine a lot of shorts who have TDS will be shorting it as well, but we know our movement is greater and those shorts will be trapped. Wall street will see this as another opportunity to steal from retail and short it as well.
End result, we will see another GME with DJT stock. It will be more powerful then GME and do you really think Trump will be siding with wall street who was shorting his company? Dont think so.
Retribution is coming. We will see the real MOASS and it will take out wall street and citadel from the game they have been controlling.
Good write up, I am a long holder of DWAC, and am sure any short players will be destroyed. "Never tired of winning" The SEC will need some Trump house cleaning..
I thought Trump said we would get tired of winning. :D
That was for non-stock holders....
Thanks Fren!
Often overlooked aspect of $DWAC is the extraordinarily low number of shares in the float of 28.89M according to marketwatch.com: https://www.marketwatch.com/investing/stock/dwac?mod=search_symbol
To provide some perspective on this look at the number of Trump voters in 2020 of ~74M. Assuming that 25% of Trump voters actually buy some of $DJT and adding another 25M voters for 2024, we end up with 29M shares/24.75M buyers, or only 1.17 shares per "Trump fan/buyer". There is built in scarcity if "fake share" creation can be minimized or eliminated. (99M * 0.25 = 25M). And yes, I used 24.75 to get a "17"...hehe.
There is some convertible debt and warrants (convertible to shares) that would need to be added in for numbers to be completely accurate here, but there is still significant scarcity here with very large potential demand.