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 ...
DWACU would be one share of the SPAC plus an attached warrant.
DWAC would be one share without the warrant.
DWACW would be the warrant alone.
Warrants typically exercise at a price of $11.50. When a stock/SPAC trades above $11.50 the stock and warrant will move up dollar for dollar. And because warrants are much cheaper to purchase you can end up with astounding returns on your investment. And if you buy them at the wrong time you can also lose astounding amounts.
“I checked this out on Fidelity last night. All the shares were held by Barclays.”
Barclays is probably the management team that sponsored the SPAC.
I hope the Donald makes back the $1.6 billion he lost being president.
I just put in a transfer to my Fidelity account, but funds won’t be in there until tomorrow... F me
wow.. just made another $10,000, that’s $30,000+ I made on this today
Thanks President Trump!
could of made $50,000 or so, but I had cashed out some of my position earlier. But glad I held that last 1,000 shares into close, because this after hours pop earned me some extra big bucks :)
After hours its up to 66$ !
yep, just saw that! missed out on that last 10 dollar pop, walked away with 30K for the day, yeah, it could of been more, but one in the hand is worth 2 in the bush!
We’ve been happy (thrilled) with Vanguard over the last 15 years. Maybe they would be a good contact.
Close to 70$ now
They’re a hell of a lot higher after market hours right now.
Switch brokers then, the apes on the financial subreddits really like Fidelity. They’re opening accounts there, transferring from their current broker to Fidelity, then DRSing their Gamestop shares.
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.
**************
Why would I care one whit who you trust? Why would anyone else on this forum? Who died and made you chief arbiter of trustworthiness? And what would you know of how I feel about Donald Trump?
That’s simply my perspective on the political landscape. Btw, I had Trump for the win when he came down the escalator. How about you? Why so angry?
I was writing on FR that President Trump would do this and end up richer than rich. 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 would say your own words are a giveaway.
Trump has a relationship with the American people not seen in modern American history. You'd have to dial back to the founders to see this kind of relationship between a leader and the people.
And you want Trump to run a website?
C'mon, Trump can do both. He's got more energy than all of your, "Successors" put together.
I got it at 12.74
4000.
You dog.
I just bought a house in May so I was living in violation of my usual 10% cash on-hand rule; I could only afford 150 shares. But, I look at Zillow and I’m not so sad. Even the Assessor agrees the place is worth $160k more than I’ve sunk into it, so... I’m not crying.
I do need to liquidate some of my lower-performing positions, and get a rational amount of capital in the kitty so the next opportunity won’t catch me flat-footed. I’d just rather do it OUTSIDE my IRA where I had better access to the proceeds.
just made another $30,000 again this morning :) bought back in at 71ish, and just sold at 82ish. :)
Congrats ;-)
Do NOT sweat the small stuff, LOL.
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