koolgal
03-26

🌟🌟🌟Shares of $Digital World Acquisition Corp(DWAC)$ jumped 35% today and in the past 5 days have risen 42% after news broke that DWAC has completed its merger with Trump Media & Technology Group (TMTG).  TMTG owns social media platform Truth Social and is backed by former US President Donald Trump. 

To me DWAC is the ultimate Trump stock.  It is just a SPAC or Special Purpose Acquisition Company and is often referred to as a Blank Cheque company.  It does not have any earnings or any revenue at all. 

DWAC is a meme stock, high risk and high reward.  Even though Donald Trump has secured the Republican Nomination for President, it is still too early to tell  whether he will win the US Presidential Elections on November 5 2024. 

As such I would prefer to give it a miss as I prefer to invest in quality stocks with solid fundamentals of profitability, rock solid balance sheet and an excellent management team. 

There is also a lot of uncertainty surrounding his legal cases.  When I am in doubt about a stock such as DWAC, I normally stay clear. 

@TigerStars  

How Low Can DJT Stock Go?
DJT lost 35% last week and closed at $37 on Monday trading. This stock is largely dependent on a single individual, Donald Trump, who is undergoing a litany of legal cases. These cases will force him to loan or sell shares of $DJT, which would likely sink the share price. ------------------ What's your target price for DJT? How low can DJT stock go? If Trump loses again what value does he have?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • mster
    03-26
    mster
    Yeah. Stay far away,
  • icycrystal
    03-26
    icycrystal
    thanks for sharing
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