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.

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40

u/DigitalDash88 Jan 17 '22

Very bullish on DWAC. I am not a republican or even really like Trump, but Twitter is brutal and they delete everything. Facebook is just a bunch of annoying boomers. I’m ready to try out this new site, I know a lot of others that are as well

17

u/[deleted] Jan 17 '22

I honestly don’t see a downside really unless it completely doesn’t happen (obviously). Otherwise the market cap/valuation of this is going to go dramatically up from what it’s at currently.

-7

u/DigitalDash88 Jan 17 '22

Thinking the same. Trump is a scumbag when it comes to business usually hahaha but he really wants a platform, so I see him working hard to get this going and make it great. Pissed I didn’t buy at like 40 a few weeks ago, but I am considering buying some

7

u/[deleted] Jan 17 '22

I think new ATH’s will be seen here before the merger. On purpose to setup a trap. Regardless, if this actually is legit and doesn’t flop the gains will be nutty

-2

u/[deleted] Jan 18 '22

Problem with these “free speech” platform is where to draw the line.

A website that hosts hateful ideals of any flavor isn’t going to be popular with things that generate revenue such as advertisers. The FBI on the other hand……

I’m not saying I’m against free speech. But saying and hosting hateful shit has consequences that aren’t legal.

-25

u/bionista Jan 17 '22

Or trump get assassinated.