They actually did it. They completed the merger with Trump's company.
Starts trading tomorrow under the symbol "DJT."
I have not had any position, but I will consider buying it, depending on how the price action unfolds.
So, congrats to the holders who stayed with it.
GME also looks like it might be a company finally turning around, and will post their earnings tomorrow after the close.
Anyway ...
Congrats to those of you who held on. No idea what happens from here, and I don't think the current valuation will be justified, but it's Trump, and anything can happen when Trump is involved.
I bought the warrents last summer at 3.50-5.00
It's a very nice win.
Ditto but have not seen/heard anything on when they can be exercised? Wondering if that will be allowed once the new ticker is live or ?
The prospectus of dwac says one year after the issuing of the spac or 30 days after merger.
Best thing to do is call your broker and find out. I'm in no hurry to convert them.
Funny thing is, I called my broker, and they had no clue, I was giving them information that they didn’t know about last week. Everything about this whole SPAC has been suppressed in mainstream investing. I even tried to update my watchlist this morning and couldn’t find the ticker by searching by name. I had to navigate to my holdings in order to add the ticker to my watchlist.
Why hold warrants? The exercise price is fixed, correct? What would be a benefit of holding over exercising it into the class A stock?
Warrents give you twice or three times the leverage. Last summer I bought at 3- 5 dollers so I bought 3 warrents vs. 1 share.
My benefit of holding is I don't have to come up with 16k right now.
But pay now or pay later it’s still the same amount now that the merger is complete.
True but you can still buy twice the warrents today, they are very undervalued.
I took out a personal loan and bought 1100 shares at 15 -16 per share lol
Very good move, congratulations....
I bought it at $100. I never sell my shares for loss, so I didn't have a choice but to keep it.
I bought at $79.94. I pick stocks like Cramer. But this one may still make me some money.
I got you beat like a rented mule, son
My corpse will be huggin' those shares in my coffin
LMAO!
My first round of shares was at $64, next round at $50, next at $45, next at $21, and the last I jumped bigger at $14.
My average is $33.75.
It has been a long road since I started, but I'm on the winning side, and I never intended to sell. I knew when I started buying I was looking at a long term investment. Besides you do best if you hold a year, and get to claim the profit as capital gains instead of regular income.
I doubt I'll sell even when I have been holding a year. This thing could have wings enough to make me another whole retirement, and I believe there is a chance, maybe a long shot, that the demise of the Federal Reserve will be accompanied by a demise of the federal income tax. Then income tax was illegal since it's inception.
Funny but I did just about the same and 50 warrants. Betterhalf now wants to go all in but at this price am a little leery
Yep, I'm holding but not adding at this point.
At one point I was down over 40K, and it feels great to be back in the black. I'll be content to ride the wave for a while.
I've been eyeing Rumble and wondering if the rumors of them being a possible future acquisition might be true. The price is attractive and they got a little bump today along with DWAC.
I had 40 RUM and it has been a ride but better last 2 weeks.so I added 60 to make even 100. DJT killing it this morning
Gentle reminder to anybody holding either, or any security you like for that matter, to direct register shares in your name through the company's transfer agent for direct ownership vs beneficial ownership. The latter is still owned by the DTC.
GME is way up today,think they are in a basket toghether?
Well can't discount it, but DWAC spiked on news.
What's hilarious is if you look at the daily, GME spiked a few minutes before BTC started running lol "liquidity"
It's been years since I've seen a gme spike like that.
It's to much of a coincidence for me.
Gme earnings tomorrow
Yes, today is the day they usually smash the price down.
Perhaps, shorts may be panicking and buying before it takes off? Guess we’ll see…
Is there a way for smoothbrains to do this in IRA’s?
No. It's a big ass hassle. You gotta make your own LLC or some shit. If you have a wrinkly brain yes you can do it.
Remember , you can't win a corrupt game...they just keep moving the goal posts
Up 30% so far today! 400 shares to da moon!
This could be the 1-2 punch on the shorts! Dwac jumped today and may jump more tomorrow. GME went up a little today. I’m praying that Dwac starts the dominos and the GME earnings announcement will just finally do them in.
Big W for a lot of anons on here. Awesome news!
I only have 26 at an average cost of 18.00/Share. It was a loooooong road.
When should I buy MOAR?! Now or will it dip again? HALP ME FRENS!
The time to buy was today before the ticker change.
I'd put in a buy order for whatever it opens at - there's almost no way it doesn't run up tomorrow after it becomes DJT
Is it still possible to buy warrants?
Yes but they will be DJT warrants tomorrow.
DJTW ticker
Thank you for the info.
One last thing I'm reading about a dilution of shares which could bring the price per share down after the merge?
One particular post from the DWAC subreddit with the numbers. "the company currently has 37 million outstanding shares which is going to become 130 million after the merger"
However in generally I'm seeing this posted from people who clearly hate the stock and Trump so disregard?
Again thank you. I feel like a crayon eating retard when it comes to stocks. :(
My understanding is any DWAC shares you own become DJT shares at a 1 to 1 conversion. Maybe the stock could take a slight hit from dilution but the hype around the stock will easily erase that
GREEN ON THE SCREEN!
u/#correct
Holding on to all of it. I trust Trump and I trust his people.