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
hey guys this will be my one "to the moon" comment of the day. But here we go!
🚀🚀🚀🚀🚀🚀🚀🚀
Anyone selling? I'm not.
Do you think it has the earnings to support a 10 billion market cap? I don't see that happening anytime soon.
A great tip from Robert Kiyosaki: be an Indian giver. If you're up a bunch, sell your original dollar amount. So you get your money back and also own some stock that was "free."
Cell?
I'm thinking if it hits the price I bought at, that I might sell. Would rather put same only into Gold or Silver I'm thinking. I think I have 20k worth, but wife says 10K.
I have both Silver/Gold stocks and DJT/DJTWW. Gold and sliver are being pushed down so hard, it is depressing.
Looks like today, that DJT/DJTWW is not. Time will tell
Don’t buy metal stocks unless you’re okay with losing it all. Buy physical and hold it. If you can’t touch it…you don’t own it.
The best metal stock to own physically is lead. It will retain tremendous value, may end up being traded like cash, and of course if all else fails, it can be used for self defense and family protection.
Understand, would never by PM stocks. But sadly any PM that I had was lost along with all my guns in hurricane Ian.
My wife keep telling me I need to convert IRA to a PM IRA, but in my view that will not provide any more protection from confiscation. What is you opinion?
Roll it over into a self directed IRA (I used NTDCO as my custodian) and you can invest that money however you want. I used it to purchase physical precious metals and keep it in a depository. I will be taking delivery on it soon.
nope
https://www.nyse.com/trade-halt
DJT hit a trade halt.
2024-03-26 09:32:32 DJT Trump Media & Technology Group Corp. Common Stock Nasdaq LULD pause
Resumed 2024-03-26 09:37:32
ah, I've seen a few of these over the years with Gamestop, they only do it when we're winning.
The price is moving again.
Son of bitch! I knew it. I thought my ticker had a big gap but other stocks didn't.
That might have contributed to the other Anon's who had sky high account valuations with share prices over $15,000.
Interesting......
That happened to me at market start. 7 figures. It lasted about an hour maybe more.
I want to the sell page and could see the correct value. 😏
Everyone’s HODL right? Right?!? I’m not selling any until I see that $175 or higher again. When can we exercise the warrants? Anyone have that info.
I'm not selling til i see $500 or more.
After 30 days you can begin to exercise warrants.
Time in the market > Timing the market
I'm up 40% but not selling.
Rumor has it this will see anywhere from $3k to Berkshire levels (over half a million a share) and this was back in 2022. A few of us stock nuts read the Q posts and crunched the numbers, and if the magnitude of the media collapse is as big as predicted, this will go nuclear to the point of people with just a few shares will become millionaires over night.
So the rumor goes like this. When all the news media, etc implodes, someone has to be there to pick up the pieces. "DJT" will be the company. We thought it mean Trump with DWAC, but after the merger we see it's actually DJT. You can imagine the looks on our faces when we saw the ticker symbol. It's like watching part of a prophecy come true. All in all the longer this is held the happier holders will be.
That’s what I’m talking about, babyyyy!!!! I will hold to the moon. It closed up yesterday %16.1 16+1= yuup
Oh and to answer your question on warrants, after 30 days we can exercise them.
You can convert your warrants to the stock starting 30 days after the merger. They are good until 2028. You can "Sell" your warrants anytime.
imagine if all 75 million of us just bought 1 share of DJT. Shit would go bonkers
I can only get so erect.
It’s up over $75! Man, I wish I had bought more. But I did what I could. Go DJT!
I hear ya! I'm kicking myself for not buying more last summer when it was much lower in price. I have what I have and I'm happy with it!
logged into Schwab account and it's telling me my DJT is now $15,982.78 per share and I'm a millionaire. I'm going to assume for now that the ticker change broke their system.
I have 14 shares and it’s saying I’m worth $225,000. WTF is going on..
Until today (after Trump’s last company stopped using DJT), DJT became the abbreviation for Dow Jones Transportation average, so Schwab’s app is drawing their price from that instead of formerly DWAC. Threw me for a loop for a second too.
Makes sense but not good. Big mistake. Very disappointing.
I just bought 3 shares at market open and it says I now have $48k but I can't sell anything because it's still showing as $67 and gives sn error that the amount is lower than the previous close of $15k per share. WTFFFF. This is on Schwab too.
Back to normal now @ $70.66 per share now.
I’m a millionaire too!
DJT Warrants are trading at 29.40 PM.
Warrants must have switched to DJTWW
Please advise the frens how to exercise warrants. Thanq you.
Their no hurry. We have years to exercise them.
What’s the expiration on them, and how does one exercise them?
2026 I've heard. And one has to pay 11.50 to exercise them. It's all in the prospective you can google it.
Thanks! So basically if they’re at what, $25 right now, later on someone could pay $11.50 more to convert a warrant to a share?
Or would it be $11.50 + price of stock at time of warrant purchase, making the effective cost $11.50 + warrant cost + share price at time of purchase?
Tried finding the prospective but didn’t see it. Will look again.
You can basicly buy a share now for 36.50, using your numbers, I haven't checked the price.
What happened to DWACU?
30 day hold till we can excersize our warrants right?
Looked at mine and can't tell, post if you learn something please.
My platform (EmPoweer) claimed is a glitch they are working on...I found a way to push through but long story short when pulling up DJT ticker pulled a Japanese stock.
I just wonder how many other platforms might be experiencing something like this. Odd b/c only on the buy side not the selling side.
Sounds like their pulling a Robinhood
They are! I’ve been trying to buy for a week, finally opened it up to trade. Today they shut down my account for “security reasons”.
WTF! I’m gonna DRS everything after this debacle. I’m with Schwab and they really F’d up this morning.
Yup! I opened with TD bc I could buy, they sold to Schwab. All week they told me I couldn’t day trade DWAC bc not enough money deposited weeks ago. Today, got the message it was closed for security reason. When I called, they said they were having an overflow of calls bc of DJT.
I feel bad but if I was going to be a millionaire I was going to sell. I would have bought back in but I am Only Human.
Sorry, was responding to another thread about issue with ticker. As far as I know 30 day hold on the warrants but will do some digging.
Pre- market DJT is at $62.
Is the conversion DWAC -> DJT one to one?
Yes. The ticker changed. That is all.
I believe so. I have the same amount of shares in DJT as i did in DWAC yesterday.
do not quote me, pls
:-)
u/#kek
i meant quote me in any official capacity.. but it looks like you can now - that's what others are reporting too.
Same here.
drops as soon as market opens, seems normal ...
prob wsb day trading it ? or SHFs hammering it down
That is normal. All the people who can’t buy pre-market had orders placed to buy at market open.
Buy? The stock went down when market opened right?
Lots of buys trigger the circuit breaker halt, and the price goes down.
Good start, but a bad end.
What happened? I was looking so good
Can't wait to login into my account and see DJT!
Gold, silver, BTC, & XRP all on the rise too.
Edit: just logged into my E-Trade account, shows 0 shares for DWAC & DWACW and a total loss. Quite a hit on my puny anyway portfolio! Kek kek
Guess I'll have to wait til 9:30
Yep, I sure did, and I sure do! And wow, what a good morning for DJT/DJTWW!!
OMG this makes perfect fucking sense, and would align with Q's suicide weekend post.
How do you make tons of millionaires and billionaires off themselves? You take them from rich to poor overnight.
Trading Places has entered the chat.
This is going to be fun!
i can only see:
<left in suspense>
I don't think it'd be good optics to blame Trump's stock on the market crash. Even though it was SHFs that caused it, they will try to blame Trump and probably take him to court again kek
Don't laugh. CNN actually ran ads with bananas and apples to try and show they only provided "real" news stories. LOL
Not that long ago. It was their response to Trump calling them fake news all the time.
I can't see any of the replies without an account. What they are saying?
So now he has all the institutions that shorted him into bankruptcy, trapped in the new $DJT ticker. He is exacting revenge on those who screwed him in the past. 💥
Is that really the way it works? Seems like when a company goes away, everything would go away. Stocks, shorts, etc.
I'm not positive, but if it has the same cusip and they didn't get out and just rode it to 0, then they're still on the hook.
Did dwac shares switch to DJT?
yea
Thanks. Noticed the answer was in the title as soon as I posted.
Anyone else have DWACU (Units) get converted automatically to DJT stock? I had 100 DWAC stock and 100 DWACU and some warrants. I now have 200 DJT stock and 50 more warrants so they converted🎉
My account had been down Bigly and It’s been a long road waiting for this turnaround!!
The units were 1 full class a share plus 1/2 warrant. Mine converted automatically, but I don't understand is the cost basis now. It isn't showing up in my account yet.
Circuit Breaker !!!
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.
I'm on etrade and my former DWAC is now simply 'DJT'.
Whats the difference between 'DJT' and 'DJTWW' ? Is it better to be in one or the other?
DJT is a share.
DJTWW is warrant.
You can convert (exercise) a warrant into a share beginning next month, for $11.50
For example, if you buy a warrant today for $25 (whatever the current price is) then in the future pay another $11.50 to exercise it, you would end up with a share of DJT for $36.50
So, FOR NOW, that’s cheaper than buying a DJT share at its current price of approx. $70.
Gotcha. Appreciate the insight FN ! Thx!
Thanks Fren, +21 DJTWW
Feels like Schwab is blatantly making this stock difficult to trade. When I tried this morning it was an absolute mess.
My broker did this too. It took them hours to change the ticker symbol.
I just tried to pick up a few shares of DWACW and it said the ticker is invalid.
DWACW is now, as of this morning, DJTWW
The updated ticker isn’t showing up yet on some brokerages. Whether that is intentional, to keep people from buying (like GameStop in 2021) or just glitches in the transition process, remains to be seen.
https://finance.yahoo.com/quote/DJTWW?guccounter=1&guce_referrer=aHR0cHM6Ly9kdWNrZHVja2dvLmNvbS8&guce_referrer_sig=AQAAAB3KHVutn0mBFFy-9o1VTv7hvlfJnf_Y67zksOaAGhK1RMLvEA4I7IjcqYnfuUABLfkPR1vFX5JZ9XD_OfqMkkInM1MvEJP4e31N7ez5k4Imc3OjDPJft1PYgbqChb65lpGOezjMCTXVfHw6GyAB0Z32i7JoluI5aJcbFzqZL8rd
Let the manipulation begin. Went to $79. Slammed down to $65.98. Now its locked on that number. Wtf
Just hit $76
Circuit breaker likely kicked in.
I'm pretty well invested in this. Todays rise is not impressing me. Call me greedy. I dont know. I feel it should have soared higher.
Truthfully about where I expected. We shall see though, def feel forces trying to push it down. Got pretty close to 80...Seems to be stabilizing around 70. I will say this though tracking DWAC/DJT for so long more often than not seemed to follow pattern of out of gates fast, sell off around 10-11 then a late day rebound. Curious if we will see the same today. Def not following that pattern today but wonder if we see a late day rally here.
I wanna see 10k a share in the next 10 years. That's my wishes hahaha
Let’s Gooooooooo!
Schwab has the borrowing rate to short DJT at 184%.
Love seeing that DJT ticker!
I use M1 Finance, and last night I put in $100 into DWAC because quite frankly I’m broke so I don’t want to put any more than that in (I think it was scheduled to auto buy at opening this morning), and now it says my $100 has basically vanished to $0? It says DJT is an inactive security? Basically I made a separate portfolio on the app with only DWAC in it and it says that portfolio is now worth exactly $0 despite putting $100 into it yesterday.
Here’s a screenshot: https://imgur.com/a/jHnF2PL
Is this a glitch? Or did I just get screwed out of $100?
DJT used to belong to Dow Jones Transportation index, and the swap around has screwed with brokerages. Give it some time and it will likely be sorted out.
74 and climbing!
What I want to understand is how much did I miss out, from the average guy perspective?
Not someone who bought 3.00 warrants 18 months ago, nor someone who piled in at 45k and all their savings 3 weeks back. Like, average guy, picked up 5 shares here 10 shares there over time starting a few months ago when things were clear to most that this was going to happen.
I might sound like a moron here, I'm sure I do.
Just want to have an idea of how badly I missed out I s'pose or if I did miss out at all. Depends on one's situation I know, but. Yeah.
That’s basically what I’ve been doing. I had 12 shares at the start of March. I had them for when it went from high teens to 50s over a couple days. Then it had dropped back down under 40 multiple times. I didn’t really have the extra money but each time it dropped I bought a few more shares, I couldn’t resist buying some more because you know it’s going up eventually. Now I have 44 shares. Start of yesterday it was $36-$38 I think, now it’s $64.49. Went from $1600 to $2800. Pretty exciting I’d have to say.
I think I'm average with stocks and all that. I have been putting in a little since it hit the market. I had a lot, like over 110,000 worth, then it went all the way down to 20,000. My husband thought I was crazy. I refused to sell. I kept holding until this joyful day. Back then when it went up to 110,000 it was because it hit 170 per share. I think there is time to get in.
At minimum your husband owes you a spa day.
Lol!
My Schwab account is fixed now.
Garbage! Cant find the ticker on the buy side on my platform! Anyone else seeing this...allowed me to sell but when trying to buy only coming up Dijatusi Jitsut guya or some Japaense company! Typing in old ticker only pulls up DWAC. This is unreal!
It's still under DWAC but also under DJT, so search for DWAC.
I had a glitch on my account where it said it was over 15000 a share. I was a decamillionaire for about 30 seconds. lol.
Or did they suppress the real price hmmm🤔
looks like the hedgy fuckery has begun.
Did you guys see Wall Street bets has crazy fomo over this right now. I only could afford 1 stock, but I bought it so I could vote. I hope you all get rich.
I’m still learning the market. I bought 10 shares, should have bought 20. Think this is going to be a great investment!
We always wish we bought more when it goes up :). It's common.
What happened to DWACU? I can’t find it.
Charles Schwab reporting issues with trading DJT lol
Yabba Dabba Dooooo….!!!
Go go go! HODL, show these wallstreet hedgies what diamond hands looks like.
HODL my friend, they're going to jupiter.
I heard they could go to over a thousand each. That could be way down the line, of course. So, cheers and hold! :)
In the SEC lawsuit, TMTG claimed that it was suppressing over $40B in market value. If that's the case 1000/share is easily achievable, or splits to keep it affordable for the average person.
They're going to go much higher if the whole shorts thing comes to fruition and he has managed to trap wallstreet.
As do I, but rest easy, Fren. I had bought DWAC at $40 before it plunged to $12. Just chill and let it ride for a while.
I also bought COIN at $70 and sold half my shares at $140. No one person knows the right/wrong time for anything.
like this one **Shares of Trump Media Skyrocket Early in First Day of Trading **
https://theconservativetreehouse.com/blog/2024/03/26/shares-of-trump-media-skyrocket-early-in-first-day-of-trading/
If you have that, you should post that as its own post.. this thread was mainly for discussion, but it's welcome here too.