Posted on 10/21/2021 10:32:02 AM PDT by Presbyterian Reporter
New York Stock Exchange-listed shares of Digital World Acquisition Corp. — the special purpose acquisition company that announced Wednesday evening it will merge with former President Donald Trump’s new social media firm — soared more than 200 percent Thursday.
DWAC’s stock price began trading Thursday at $12.73 per share and reached as high as $33.44, up more than 200 percent, by 1:00 p.m. ET.
Shares of the company were halted for volatility at noon, with the stock up more than 134 percent. Shares were last seen trading at $31.55, up more than 210 percent.
Trump’s newly formed company, Trump Media & Technology Group, announced Wednesday evening that it plans to merge with DWAC and take its place on the public markets.
TMTG said it will roll out a new social network, dubbed TRUTH Social, which is set to launch in beta for “invited guests” next month and come online nationwide in the first three months of 2022.
(Excerpt) Read more at nypost.com ...
Hope so. That always backfires on them.
$65,000+ now, getting lucky buying the dips. Out again at the moment.
in and out again just now, over $80,000 gain :)
total since yesterday
i’ve gotten super lucky on timing so far, only once did it go down after I bought in and that was earlier when I bought back in around 80 and it continued down to around 70 before shooting back up.
Had an old co-worker buy in the morning and dump the next day. Made $6K.
Day trading is too risky for my taste!
yeah, true, I am just playing around with retirement funds I don’t need for ages. I put 20-30 into my IRA 20+ years ago investing in Amazon, Tesla, Netflix and other tech stocks of that nature. That small amount of initial money has grown to 100’s of thousands over the years, that I don’t honestly need, and never planned on making that much to begin with, so I am willing to take more risk than otherwise.
Nice.
Working constrained inside my IRA at Schwab, I’m not sure I could sell and buy back in that quickly. The Sell Order would transact right away, but I’m not sure the funds would release to my Cash holding soon enough to transact a Buy Order an hour or two later.
I will sit back and let things settle. Then I will invest in my son’s name. I won’t live long enough to see what it becomes. (I’m too old).
you are correct, unless you set it up to allow margin transactions. It will be limited margin unlike a normal trading account, but it will allow you to buy back immediately.
To the moon!
Let’s hope the lesson was learned from Parlor. Even if you already had the app AWS (Amazon Web Services) was able to kill it.
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