March 26 2024 - DWAC to DJT discussion thread
🗣️ DISCUSSION 💬
https://finance.yahoo.com/quote/DWAC
Has become:
https://finance.yahoo.com/quote/DJT
As per:
https://www.pressviewer.com/ViewEmail.asp?b=2660&id=299448&p=2316105&I=1319694-h7U6m5R6j4
To keep posts to a minimum here's where we can discuss
Warrants are $45 less than shares currently. They should be $11.50 less, because that’s the cost to exercise them. So warrants are a steal right now.
I think the common person, Trump supporter, that’s trying to jump on board right now doesn’t know about the warrants.
What are these?
A warrant (DJTWW) gives the right to upgrade (exercise) that warrant to a share for $11.50 and that begins in 30 days.
So you would pay $27 now and another $11.50 later to obtain a share, which are currently trading above $70.
just remember that you are betting the stock will remain high after 30 days.
Or hold on to em and pick up some warrants!
Sounds like a good move. How would you do this in a day trading app? I use Schwab.
Just buy DJTWW (a lot of us bought it previously under the old ticker DWACW) and the window to exercise it begins in 30 days.
EDIT: I just looked at my Schwab app and it’s not showing DJTWW for some reason. It still shows the old ticker DWACW, but at an incorrect price. Not sure what’s going on with Schwab.