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
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.
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