DWAC and shorting Trump
Discussion
Dumb and Dumber the stock listing.
The SPAC, Digital World Acquisition Corp looks like it might be merging with the SPAC Donald Trump. It actually may go ahead. It's like SPAC squared, a double 'tard.
It's a genuinely interesting moment for meme stocks as this could be an amazing gladiatorial event that pitches the dumbest truck drivers against the dumbest EV drivers.
The genuinely interesting part is going to be the shorting aspect. The short side is going to have more buying power and potentially really driven to short so you might actually get to see just how powerful or weak shorting really is. Long gamblers have argued for years that the only reason their life savings which they have chosen to convert from real money into Le stages dog turd hasn't gone to da moon is specifically because of some dude in some lefty, Commie State short selling. They might possibly even be an immigrant.
If this buyout does go ahead we would potentially get to witness the first electorate dispute to play out overtly on the stock exchange.
On one side you have limited short capacity that means they will run out of lend and then get squeezed. But on the other side you have people who would never buy exchange traded instruments as it would instantly reveal their identity and location to the CIA.
I suspect it won't happen but if it were to then it could transpire to be a genuinely interesting bit of history.
The SPAC, Digital World Acquisition Corp looks like it might be merging with the SPAC Donald Trump. It actually may go ahead. It's like SPAC squared, a double 'tard.
It's a genuinely interesting moment for meme stocks as this could be an amazing gladiatorial event that pitches the dumbest truck drivers against the dumbest EV drivers.
The genuinely interesting part is going to be the shorting aspect. The short side is going to have more buying power and potentially really driven to short so you might actually get to see just how powerful or weak shorting really is. Long gamblers have argued for years that the only reason their life savings which they have chosen to convert from real money into Le stages dog turd hasn't gone to da moon is specifically because of some dude in some lefty, Commie State short selling. They might possibly even be an immigrant.
If this buyout does go ahead we would potentially get to witness the first electorate dispute to play out overtly on the stock exchange.
On one side you have limited short capacity that means they will run out of lend and then get squeezed. But on the other side you have people who would never buy exchange traded instruments as it would instantly reveal their identity and location to the CIA.
I suspect it won't happen but if it were to then it could transpire to be a genuinely interesting bit of history.
Quite a few on r/wallstreetbets went in on DWAC and it’s been fun watching what happened after the merger was approved.
The main event will be the new ticker, DJT. I’m expecting a pump & dump extraordinaire!
Don needs to raise his $400b so either needs this to hold high for long enough to secure funding against his stake or run it high and sell-off.
Trump doesn’t need Truth Social any more. He and Elon have become buddies and his voice is back on X. So this could be the ultimate mene stock to take “donations” from his many Acolytes and cash out quick.
The lawsuits suggest the main DWAC Shareholders know this and are trying to ensure they will be taken care of too.
Gonna be interesting.
The main event will be the new ticker, DJT. I’m expecting a pump & dump extraordinaire!
Don needs to raise his $400b so either needs this to hold high for long enough to secure funding against his stake or run it high and sell-off.
Trump doesn’t need Truth Social any more. He and Elon have become buddies and his voice is back on X. So this could be the ultimate mene stock to take “donations” from his many Acolytes and cash out quick.
The lawsuits suggest the main DWAC Shareholders know this and are trying to ensure they will be taken care of too.
Gonna be interesting.
Well.
Enjoyed yesterday as Trumps vehicle for raising his Bond became DJT and went to the moon!
Thank you to the Orange Man for the £9k I personally made in the day. Many made a whole lot more though!
The rug pull at the end will no doubt have included Trump Family & Friends cashing in to help him secure the $175m he needs. It’ll likely continue until raised.
The ultimate Meme Stock.
Trump the ultimate grifter. Anyone who thinks he’s done for and can’t raise his debts using his Cult Base is deluded. He’ll secure what he needs given he can show billions of newly created collateral thanks to DJT.
He can raise the stock with a single tweet as and when he wants to.
No fan of the man but I’ll happily join in the gravy train he creates.
Enjoyed yesterday as Trumps vehicle for raising his Bond became DJT and went to the moon!
Thank you to the Orange Man for the £9k I personally made in the day. Many made a whole lot more though!
The rug pull at the end will no doubt have included Trump Family & Friends cashing in to help him secure the $175m he needs. It’ll likely continue until raised.
The ultimate Meme Stock.
Trump the ultimate grifter. Anyone who thinks he’s done for and can’t raise his debts using his Cult Base is deluded. He’ll secure what he needs given he can show billions of newly created collateral thanks to DJT.
He can raise the stock with a single tweet as and when he wants to.
No fan of the man but I’ll happily join in the gravy train he creates.
YorkshireStu said:
Well.
Enjoyed yesterday as Trumps vehicle for raising his Bond became DJT and went to the moon!
Thank you to the Orange Man for the £9k I personally made in the day. Many made a whole lot more though!
The rug pull at the end will no doubt have included Trump Family & Friends cashing in to help him secure the $175m he needs. It’ll likely continue until raised.
The ultimate Meme Stock.
Trump the ultimate grifter. Anyone who thinks he’s done for and can’t raise his debts using his Cult Base is deluded. He’ll secure what he needs given he can show billions of newly created collateral thanks to DJT.
He can raise the stock with a single tweet as and when he wants to.
No fan of the man but I’ll happily join in the gravy train he creates.
Good luck to you but a £20,000 exposure to make £9,000 is not something most people could or should be doing especially on a regular basis or over the longer term. I write this not as a downer but in case others reading might think all these things are easy guaranteed money. This was a coin flip as it could have slid 30% on the day particularly if I believe all the Trump hating "experts" CNN have ruled out to rubbish the thing. Enjoyed yesterday as Trumps vehicle for raising his Bond became DJT and went to the moon!
Thank you to the Orange Man for the £9k I personally made in the day. Many made a whole lot more though!
The rug pull at the end will no doubt have included Trump Family & Friends cashing in to help him secure the $175m he needs. It’ll likely continue until raised.
The ultimate Meme Stock.
Trump the ultimate grifter. Anyone who thinks he’s done for and can’t raise his debts using his Cult Base is deluded. He’ll secure what he needs given he can show billions of newly created collateral thanks to DJT.
He can raise the stock with a single tweet as and when he wants to.
No fan of the man but I’ll happily join in the gravy train he creates.
Yup. Some massive losses being seen at the end of the day. The selling was just gamblers cashing out as it didn't leap as far as it thought it could. Interesting that it came off with the underlying market. Could have been coincidence.
Going to be interesting to see what firepower Trump loons can muster and whether there is enough lend for others.
Going to be interesting to see what firepower Trump loons can muster and whether there is enough lend for others.
I cashed out at 73 early on in the initial spike. The day was hugely volatile and entertaining. That rug pull at the end was epic.
There’s room for more pump & dumps though, Trump will milk his Cultists dry.
It’s up over 9% in pre-market but at this point I’m only a spectator, happy with my win - less of a gamble at ticker change for a quick in and out as it was always going to go up initially.
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
There’s room for more pump & dumps though, Trump will milk his Cultists dry.
It’s up over 9% in pre-market but at this point I’m only a spectator, happy with my win - less of a gamble at ticker change for a quick in and out as it was always going to go up initially.
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
Edited by YorkshireStu on Wednesday 27th March 08:28
Yup. Stagging works best when you cash out in the initial flurry and then promise not to return.
What wipes gamblers out after the first error of going in too large is they then stay in too long or try and go back for more. They then just turn themselves into the sad wretches that are long and wrong and spending all day posting on social media self help loser groups wishing for the price to go up. They then start borrowing money so as to average down.
Will be some snap opportunities going forward if the next few days don't reveal that the dumbest Trump supporters have no money or won't convert their savings from Armageddon milk bottle tops back into actual money or reveal their true identity to the Feds.
What wipes gamblers out after the first error of going in too large is they then stay in too long or try and go back for more. They then just turn themselves into the sad wretches that are long and wrong and spending all day posting on social media self help loser groups wishing for the price to go up. They then start borrowing money so as to average down.
Will be some snap opportunities going forward if the next few days don't reveal that the dumbest Trump supporters have no money or won't convert their savings from Armageddon milk bottle tops back into actual money or reveal their true identity to the Feds.
I meant no disrespect or didn't want to appear curmudgeonly and I am honestly delighted for you to have bagged a nice quick turn. I only commented in case someone took what you did as easy or without risk.
I'll ask you something that I wish I'd been asked years ago, say things had been different and you hadn't been able to get out with a profit or worse down 80%, how would you feel today, because if you don't consider things like this, the bets will get bigger and higher risk and eventually based on a balance of probabilities you will blow up your account.
That is a statistical proven fact and you won't see it coming ( ask me how I know). The problem is 99 out of 100 and I include myself in that will read this and say it won't happen to me.
It's something to ponder and truly understand how risk is managed and "felt"
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
[/quote]
I'll ask you something that I wish I'd been asked years ago, say things had been different and you hadn't been able to get out with a profit or worse down 80%, how would you feel today, because if you don't consider things like this, the bets will get bigger and higher risk and eventually based on a balance of probabilities you will blow up your account.
That is a statistical proven fact and you won't see it coming ( ask me how I know). The problem is 99 out of 100 and I include myself in that will read this and say it won't happen to me.
It's something to ponder and truly understand how risk is managed and "felt"
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
Edited by YorkshireStu on Wednesday 27th March 08:28
[/quote]
DaveA8 said:
I meant no disrespect or didn't want to appear curmudgeonly and I am honestly delighted for you to have bagged a nice quick turn. I only commented in case someone took what you did as easy or without risk.
I'll ask you something that I wish I'd been asked years ago, say things had been different and you hadn't been able to get out with a profit or worse down 80%, how would you feel today, because if you don't consider things like this, the bets will get bigger and higher risk and eventually based on a balance of probabilities you will blow up your account.
That is a statistical proven fact and you won't see it coming ( ask me how I know). The problem is 99 out of 100 and I include myself in that will read this and say it won't happen to me.
It's something to ponder and truly understand how risk is managed and "felt"
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
I'll ask you something that I wish I'd been asked years ago, say things had been different and you hadn't been able to get out with a profit or worse down 80%, how would you feel today, because if you don't consider things like this, the bets will get bigger and higher risk and eventually based on a balance of probabilities you will blow up your account.
That is a statistical proven fact and you won't see it coming ( ask me how I know). The problem is 99 out of 100 and I include myself in that will read this and say it won't happen to me.
It's something to ponder and truly understand how risk is managed and "felt"
Edit to add: I may be a ridiculous noob at trading compared to all the experienced Pro’s and only got a year behind me but I love this game! 5-6 hrs a day! Every afternoon.
My life is simple: morning cycling, afternoons and evenings researching and trading. Win some, lose some, make good decisions, bad decisions…but luck is on my side overall thus far.
Edited by YorkshireStu on Wednesday 27th March 08:28
DA describes my strategy well, in, out, leave at that. I hate to linger on plays like this one and I can accept loss, by bad decision or strategic.
I prefer longer trades. Simple buys and hold until I feel I want to cash out: days, months etc
In your scenario, I have dropped 30% once and cut my losses, closed my Portfolio and reinvested the remaining and not looked back. It sucks to lose but I don’t panic. A loss is a loss. Move on.
I currently hold 8 stocks, was 11 yesterday and most was 21. It varies.
I do get sage advice from Family who have done this for many years, one professionally, so not blind to risk and loss.
I only use money I can afford to lose. This is fundamental. It’s my bonus holiday, luxuries income machine. If it works, great, if not…c’est la vie.
DaveA8 said:
Good luck to you but a £20,000 exposure to make £9,000 is not something most people could or should be doing especially on a regular basis or over the longer term. I write this not as a downer but in case others reading might think all these things are easy guaranteed money. This was a coin flip as it could have slid 30% on the day particularly if I believe all the Trump hating "experts" CNN have ruled out to rubbish the thing.
Yup. What's important is that it's a punt so shouldn't be risking much more than a percent or two of the portfolio. Risk was probably 50% of the nominal so whatever that amount was shouldn't be much more than 1%. Interesting that this is all looking a bit of a damp squib and just trailing off on dwindling volume. It looks to have already reached the point where news flow on deals is what pumps a spiv stock up but I think what has surprised me is the absence of any meaningful shorting and the right lend. But I expected this to be more volatile and be presenting multiple punting windows.
DJT is indeed a damp squib after the opening flurry but as I understand it, it has been set up such that shorting is very expensive and relatively few shares available.
I don’t believe DJT is meant to be a serious investment vehicle by Mr Mango, only a tool to use as short-term leverage to raise capital for his immediate needs.
The Ultimate Grifter doesn’t want to use any of his established assets to pay for his Court issues or Election campaigning so he sets up things like this to get his adoring fan club to pay.
Despite Truth Social being a loss leader, DJT is still worth billions! It can fall some way yet and still bail him out comfortably.
I don’t believe DJT is meant to be a serious investment vehicle by Mr Mango, only a tool to use as short-term leverage to raise capital for his immediate needs.
The Ultimate Grifter doesn’t want to use any of his established assets to pay for his Court issues or Election campaigning so he sets up things like this to get his adoring fan club to pay.
Despite Truth Social being a loss leader, DJT is still worth billions! It can fall some way yet and still bail him out comfortably.
YorkshireStu said:
DJT is indeed a damp squib after the opening flurry but as I understand it, it has been set up such that shorting is very expensive and relatively few shares available.
I don’t believe DJT is meant to be a serious investment vehicle by Mr Mango, only a tool to use as short-term leverage to raise capital for his immediate needs.
The Ultimate Grifter doesn’t want to use any of his established assets to pay for his Court issues or Election campaigning so he sets up things like this to get his adoring fan club to pay.
Despite Truth Social being a loss leader, DJT is still worth billions! It can fall some way yet and still bail him out comfortably.
It's the lack of lend which is turning out to be the interesting part now. With no mechanism to assist true worth it looks to just be tracking down to it slowly. I don’t believe DJT is meant to be a serious investment vehicle by Mr Mango, only a tool to use as short-term leverage to raise capital for his immediate needs.
The Ultimate Grifter doesn’t want to use any of his established assets to pay for his Court issues or Election campaigning so he sets up things like this to get his adoring fan club to pay.
Despite Truth Social being a loss leader, DJT is still worth billions! It can fall some way yet and still bail him out comfortably.
b
hstewie said:
hstewie said: Is anyone really going to go near this for sound investing reasons?
Or is it all about the GameStop crowd and the fools who think MAGA is the basis of a good investment?
Loads of holders are losers from the first pump and dump after the initial Sep21 IPO. The usual dive ins who then devoutly believe the story so don't sell back out and then get stuck with a worthless share cert and the blind hope that something gets pulled out of someone's arse that makes their shares go back up. Or is it all about the GameStop crowd and the fools who think MAGA is the basis of a good investment?
Then you'll have a bit of smart money which views a shell company that is ticking along the bottom on zero volume as this did for 18 months as an option play. Just pick up a line of stock and sit on it. Some go to zero but others spike hard. It's just something to do with spare risk capital and has no holding or rollover costs as a zero maintenance punt.
Then you have the religious loons who just devoutly believe. It doesn't matter what it is they simply exist to devoutly believe in something. It might be a celebrity, a product, a plan, an idea, or anything. Whatever you are or have there will be people out there who will devoutly form a religion around you or it and be prepared to kill or die for you. If enough of these raving lunatics can be hauled together to make an army instead of two blokes in a caravan site or 12 unemployed dudes then you can use them to move a market.
In amongst the loons you have the traitors. The evil people who say they believe in the one true god but are actually just in it for the free buffet. You spot them after the peak as they just walk away having previously been by the loons side chanting and cheering it all on.
Finally you have satan's foot soldiers. These are the spawn of the devil sent to do direct harm to not just the god that is being worshipped but the god's acolytes. They want to rob the believers of their homes, their pensions, their wives, children, everything. They do this by shorting truly great companies. Companies that have sensible multiples, suitable gearing, sound revenues, legitimate board members all core values that the acolytes have created a raft of miraculous stories to underpin and explain the deviations from reality and why reality is wrong.
On paper this shell should have been driven to silly heights as it is the financial embodiment of a true god whose acolytes are potentially 50% of the population of the wealthiest nation. In reality what looks to be the case is that it is the wrong type of god. The god really needs to be a tech-bro the type of pathological liar and allround scumbag that uses a different dictionary for their made up words than trump uses. You also have zero overseas buying support as European and Asian punters don't see trump as a god but as a ginger t
t to be mocked, a comedy dude putting the SPAC into SPAC. So among the local religious nuggets you have a lack of income and wealth. Not only can they not buy in big but they can't reload and reload using debt as the brokers won't be lending to punters who haven't got things to hand over. On top of that you have a very large number of acolytes who can't open a broking account due to KYC equivalent failures and more than a few who won't because it means revealing their geo location and vital data to 'the man' which would lead to more late night anal probing by aliens who disguise themselves as Gary who lives down the road.
So what we appear to be seeing is the slow exit from the Sep21 cohort where some are now beginning to think this was that opportunity for riches they had spend 18 months reading bulletin boards and hoping for so they've begun cashing in their one tenth of one share. The investors who snapped up lines of dormant equity are starting to think we've probably seen the peak and it's not worth holding the whole position on the hopes of some news flow so they're slowly exiting, adding to that daily flow. The traitors who forgot they were supposed to exit a while back will be selling out although more than some will find religion and become converts as that mental breakdown is usually triggered by unrealised losses that exceed the person's ability to cope rationally so they have to find a god to worship instead.
What's missing is satan's hoard. It's interesting that there are few, if any institutional holders lending their stock out. Even Tesla had a huge lend being supplied by Elon Musk back when Elon was shouting at his mug acolytes about how evil shorters were. He must have been setting himself with laughter knowing it was his stock that was being lent to them.
It looks like the daily lend is around 50,000 which implies its being sourced from retail brokers in crappy scraps, hence the huge premium.
Has Trump raised debt against his equity? Will be interesting to see because that would be a very bullish loan to be making without it being collateralised against real things that can be taken from him. It would also mean trump would be up for major margin calls but then maybe the genius is that the stock acts as a buffer and that margin calls can be met out of revenues from toupe sales and rubber horse vaginas?
I really thought this would spike higher and then present a few weeks of volatile opportunity but it really looks like without the tech-bro global religious order to supply the insane buy side and without the ability to poke, rile and goad them via shorting what we're left with is a bunch of followers with little cash, not much stock market access etc?
theaxe said:
Any thoughts on the theory that DJT will be propped up by Russia et al as a way to funnel 'clean' money to Trump?
How would this work?If they buy shares on the open market then that money won't necessarily go to Trump.
Could they buy his shares from him directly @$100m per share? Would that be a clean and legal way for Putin to fund Trump?
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