Oh my God!
Heard about Digital World Acquisition (DWAC)? If not, just remember it is the Trump stock! And it is doing something truly amazing, a mind-blowing run for the greatest President Trump!!
More officially this special purpose acquisition company ("SPAC"), which soared 357% yesterday. It spiked another 285% earlier today – in total, rising from $10 to $175 at its highs– on news that it was partnering with former President Donald Trump to launch a social media company called "TRUTH Social." More unbelievably, its warrant, DWACW shot up from $0.52 to $80 at its highs today, a 152 bagger in two days!!
Sure TA wise, this is not sustainable at least in the near term and actually it has given up a lot of gains from its highs by closing today. But it doesn't matter. What really matters is the People's will and their voice that can be heard from this epic run: People hate the manipulation of the Left-dominated media out there to try to silence the truth and they want to have a TRUTH media. It is as simple as that!! I bet a huge number of people who love Trump and support his courageous efforts to bring the truth to the People are not necessarily looking for a profit by buying this stock. But rather a mear symbol of supporting President Trump like a donation to him. I'm sure among nearly 80 million voters supporting Trump, a large portion may still don't know it yet and when they do, a lot will come out to buy DWAC! So I think we cannot simply use FA/TA to analyze the stock. It is an emotional stock that will likely go up a lot more in the future as long as Trump is leading the movement.
Here is what I just saw:
In the short term, Trump and his partners are trying to build a social media ecosystem for conservatives. Trump had more than 146 million followers before he was banned from Twitter, Facebook and Instagram. Many of these followers are expected to be early adopters of TMTG's social media platforms. But the company also wants to expand into the realm of "Big Tech" over time.
Conservatives increasingly feel their posts are being censored and "throttled" on the big tech platforms. Like Trump, many conservatives and anti-establishment voices are being "de-platformed,"
It's a fascinating story. Potentially the most popular social media voice in the world, Trump, was banned by all the networks. So now he's starting his own.
TMTG's first focus is to create a Facebook competitor called Truth Social. The company claims it will serve as a platform that supports content from all ideologies and promotes a fully open social conversation. If it actually manages to launch a social platform that people use, the opportunity here is significant.
Buy DWAC/DWACW at its weakness!! Of course only if you are willing to support President Trump in fighting against the radical Left💪🤗 With that, the stock price really means not that much anymore. After all, it is an investment for justice that is priceless and eternal!!!!🏹✌
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