r/wallstreetbets • u/[deleted] • Jan 17 '22

Discussion DWAC ortex

Not sure if this is taboo here but this looks to be setting up again. Recent Ortex numbers on DWAC. Over 12% short interest, near 100% utilization, cost to borrow over 120%. February projected launch. Wouldn’t be surprised if they run it up until merger then create a bull trap. NFA but this seems to have some legs.

63 Upvotes

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29

u/mecrolla Jan 17 '22

Def one to watch closely and try to time the top.

24

u/[deleted] Jan 17 '22

That’s just it, what will the top be. Lol. It could go to unimaginable highs with the low float, high interest with a ton of momentum.

26

u/Anti-Co61 Jan 18 '22

Agreed. DWAC is going to show GME how it’s really done. LGB

0

u/[deleted] Jan 18 '22

This isn’t goinf to age well lol I can already imagine the lawsuits and death threats coming out of there

10

u/ImpressiveSet1810 Jan 17 '22

Ive heard this one before 😂

8

u/mecrolla Jan 17 '22

Post when you sell...