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 ...
Yeah, well hopefully the investors buying stock also think about these things before they invest their own money. Trump never invests his own money. He forms a corporation to own it, and he has shares in the corporation.
From Trump's own press release:
Trump Media & Technology Group’s growth plans initially will be funded by DWAC’s cash in trust of $293 Million (assuming no redemptions).
didn’t expect to find stock trading advice here today :) woot! love it!
if you cant afford to love it, don’t invest it, is my motto.
Trump is slamming the hood down on the heads of the deep state’s media communications division.
This is not going to sit well with these controlling misfits.
lose it I mean. Otherwise you panic at exactly the wrong time usually.
At noon I was going to buy at 17, but decided to wait until it came down :)
That’s all why I jumped in and I’m not selling
I read only 19.8 million shares in float on Investor’s Business Daily - total shares is 26 million, so ownership is holding 6 million shares I assume
need to it go up another 10 and I can buy my kid that car they wanted :)
Some treasury stock in there.
Ha! Back in February I was writing on FR that President Trump would do this and end up richer than rich. When all is said and done, this has more upside for him than running for a second term (though teasing the latter is very much in his interest).
The Republican presidential talent pool is at least four deep, all worthy successors. I actually think that the country and world will also do better if President Trump hands off the political baton and takes up the challenge of creating a global platform to rival Facebook/Google/Twitter/Netflix/... I do not see who besides Donald Trump could pull off the latter, and I think the upside is simply massive.
I trust most Republican as much as I do leftist posers. You're going to be very disappointed when Trump wins for a 3rd win.
You still have plenty of time. If you have the money somewhere else, throw $30k at it.
I hope President Trump makes billions of dollars from his Trump Media & Technology Group over the next few years.
It would piss off millions of liberals to no end, and it would put a smile on the face of every MAGA supporter as a result.
That's ridicules, as Trump can easily do both and win in '24 to boot. The perfect storm bearing down on the Communist.
Bump
If you missed this boat under 30, I would wait. The media is going to ASSAULT this stock over the rest of the week, the China connection, Trump University, Jan 6, fake news, etc, in order to drive it down. It won’t last. This is a YUGE opportunity. If it gets back to 25-30 I would buy a ton and put it away and wait.
No doubt and I agree.
My thought on this as of this time is that a lot of the money that Trump lost through this made up pandemic (his hotel holdings, etc) has been recouped.
You need a brokerage account. Fidelity, E*TRADE, Robinhood. You can start that today, but it won’t get approved for a day or so. Then you must fund the account. Then you can buy this.
It will be high then. Or it will have crashed.
I know I’m in for a roller coaster ride on this. I tried to buy at $18 this AM when it was trading at like $18.15 (I could really kick myself that I didn’t just drop a market order in). Missed it of course, so then bit the bullet and picked up 2500 shares at $27. It hasn’t even come close to dipping near that again so it may retain the bulk of the increase but who knows what the next few weeks/months hold.
But, if the market determines this to be a viable option AGAINST FB, Twit, etc., this thing will soar.
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