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Low float and with a lack of news and perceived delay getting people into the app, it was an easy take down for shorts.
That said, they still have to cover.
They’re betting on the pipe investors dumping shares right away but the pipe agreement could take a new shape and who knows what that timeline looks like.
All of these articles under estimate the demand for a conservative option to liberal big tech censorship.
They also under estimate the investment support DWAC will enjoy.
There will certainly be big swings and those who will short because they want to see this fail.
My bet is on free speech.
We’ve got patience and we own the float, at least for a period of time.
This was never going to be an easy fight, this ticker has cult following for or against Trump.
Truth Social does need to execute the rollout better to avoid giving shorts an opportunity to have fun.
Trump, approve my account! :)
Warrants just went green, load em up and hold on like hell.
Shorts starting to jump over each other to cover….
Looks like we’ll go green today.
Some of these shorts will do fine but others will be our push above $100 when it’s cover time.
We should welcome them with open arms :)
Shorts on control at the moment but….
Orlando referenced last night during his interview the low float here at DWAC.
We’ve seen increased short numbers, sure bet it’s higher after the past few days. They will have to cover, hold your shares tight. We’ll need news or a positive update to force cover.
Diamond hands here, playing the long game myself.
Looks like deep pockets are taking advantage of lower volume after the partial launch run up.
Lmao, you can’t be serious.
There is no concern exhibited anywhere.
Where do you get this stuff?
Watched last night, he was very careful not to disclose non public information, frequently referring the question to previous disclosures.
Also, interesting when he discussed the S4, alluded to a non public filing within the first year. My take is this has already been completed and we are waiting for the public S4 to be shared.
Brutal day today, still holding strong as I await arrival to the promised land.
Nothing has changed other than you get to add at a lower pps. Enjoy
Might be improbable today but wouldn’t be shocked if we close green.
We’ve been seeing early day shorting bringing us down all day with an EOD spike to green with some of those shorts covering.
Ugly start, good buying opportunity.
Holding my shares tight, these games are only temporary. Lots of open shorts….
Warrants are a lot easier to manipulate if you want people to believe the stock is heading down.
I’m expecting a nice bounce on warrants soon, not many we’re paying attention for a while. Too cheap to pass up.
Update I received today-
Hey Fellow Truthsayer!
Thank you for signing up for TRUTH Social! We appreciate your eagerness to join our fight against Big Tech censorship and want to provide you with a quick update.
We are steadily welcoming new users from our temporary waitlist onto TRUTH Social for iOS. This phased rollout allows us to identify and remedy errors in real time as we onboard new users.
We are building a platform to take on Big Tech, but in a fraction of the time. Consequently, we need to ensure the platform remains stable and provides users with the best experience possible.
Our mission is to reclaim the digital public square for free expression. Rest assured, the entire TRUTH team is working around the clock to allow everyone to join us as quickly as possible. There are great things to come. Thank you!
And we close green again!
Favorite stock ever right here.
Enjoy your weekends and get ready to march on next week.
Added another 200 warrants just now, will continue to add if it drops.
Holding all of my common.
Thanks, read through the rules last night. Must have been tired, there was language that was a bit confusing to me.
Am I reading the warrants correctly when I see it’s 2 warrants converted to 1 share?
That changes the math a bit, still cheap compared to common but not as cheap as it might look.
Down to $24 today when you’d expect them to increase, at least move closely with common.
It could be people have long term concerns or may simply be an amazing buying opportunity.
I started a position in warrants yesterday and will add until I have a factual reason to think otherwise.
Good but time, it will get attention at some point. It can’t trade at a 75% discount to common forever.
I just keep buying and averaging up, there is a clear lack of shares available here.
Only a matter of time before we see giant green candles.
Tilly still getting hammered, when I’m done looking for Waldo I’ll start looking for bottom.
I sense desperation from those who have taken a short position believing these points are something more than another nothing burger.
They’re not important, they’re just more nothing burgers.
If someone is short, now looks like as good of time as any to cover. We hold all the shares and we’re not selling.
They couldn’t keep it down EOD even though they tried.
DWAC continuing to march upwards, I bought more DWAC & started a position in DWACW.
PPS is much higher than where it started but has plenty of room to run from here.
$100 will look cheap in not very long!
We’ll wait, don’t worry about us.
This is too important, days or weeks will be a small blip longer term.
We all want it up and running but our frustration will not stop us from using Truth Social when it’s fully up and running.
I’ve been loading stock but just picked up a couple hundred warrants to see how things go.
Shorty coming at us, get your buy orders in place :)
Expecting an afternoon spike, this is like playing cards with your opponent playing face up.
DWAC looking to build its next level of support over $100.
That’s great, I wasn’t aware of that option but I’ll check it out.
Can’t wait to check it out, I wish my spot in the line was improving :)
Looks like she wants to go!!
Let’s rip a little DWAC today!
This thing really sh:t the bed.
No love for Exela
Hard to do with raising the PPS more, those of us holding are not letting go.
I might disagree, the more people who hear Biden speak is good. His handlers are very careful not to let him speak in public, it exposes him.
I plan to watch for entertainment purposes.
I’m still waiting to get in, I certainly share in the excitement of Truth Social and I’m anxiously awaiting my approval but I understand how big of a release this is.
Unprecedented release with over a million users week 1 even though it’s only available on Apple.
I’m going to reserve judgement at this time, they told us end of Q1.
It is incredible how many people want this up and running, shows you the potential!!
When you see Green on a quiet board, usually a good sign that folks are loading.
Big candle EOD, guessing it’s short cover.
They’ll want to close them out now that we’ve found a higher bottom.
Quiet board on a nice, green, day.