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 ...
There were a bunch of threads about it last night. PS: There is no way you could have gotten in at $12.
Why are you talking to a broker? Do they still have real live people there?
or there’s a bunch of naked shorts
Anyone here know how to invest in this I called my broker AND he is an IDIOT!! Said never heard of it and if new can’t invest now!! What the hell I want to invest while it is NEW!! What a frigging MORON!!
Thank you just asked this question on a post!! By the time a robs hood account gets approved I won’t be able to afford the stock!! I will try and see what happens!!
Thank you will do that now!!
this post made me a quick $20,000 :) thank you
Long story short, did not have time to set up an account and get money transferred this morn to another option. Doing that as we speak now.
Those are all questions that Trump’s team will need to address successfully because war will be waged against them at every level.
You have a clear view of your broker.
Is his name Carl?
Certainly a possibility.
The good thing with Robinhood is you can buy “partial” shares. So…it’s never “too expensive.”
Buy a little at a time.
I started buying $25 of Bitcoin every week for my granddaughter, starting when she was born. She is 2 today…and it’s worth $8k.
Dollar averaging is the longer term way to invest in anything.
Someone who knows how to get in on this, please tell this old woman how I can.
open an account at Charles Schwab. Once your account is funded you can go on line in your account and buy shares. If you already have money in a stock trading bank like TD, Edward Jones, etc., you can do it through there or call a representative there and tell them you want to buy DWAC.
DWAC opened at 12.75, went up to 16 and then back down to 12.70 in the first 3 minutes of trading, before settling in at 13.29. Very tradeable below 20 for 2.5 hours. I did not see a news report until 12:30 on CNBC. Twitter never had a trending topic, for obvious reasons, and the media is ignoring it. Not even mentioned at all on CNN.com. I wish I had notice this last night, I would have put $20k in it at the open. I am in for much less than that around 30.
“As a person who has never bought stock before”
Probably not the best choice for getting your feet wet. This SPAC is extremely volatile and it’s certainly going to have downswings just as dramatic as today’s explosion on the upside.
If you do decide to buy it just use “play money” and not your savings. Wait for a big selloff to make your buy. Use a limit order and not a market order.
This is actually a SPAC that at some point will become a stock if the shareholders vote to approve a merger. And SPACs often sell off dramatically after the mergers are completed. This one may not follow that pattern because it’s going to be a political play toy for a lot of people with big money.
For those who wanted in but were too late, don’t despair. the price will tumble after a few days. These big IPO’s always soar on the public opening, the guys who got in early pre-IPO will cash in and the price will return to earth.
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