Explosion of Trump Media & Technology Group: Madness in the Market
Just when you thought you’d seen it all this year, President Donald Trump’s new media company, Trump Media & Technology Group (TMTG), is merging with Digital World Acquisition Corp. (DWAC). The company will be branching off in several directions and intends to challenge popular social media platforms and streaming services like Twitter, Amazon, Netflix, and Disney.
The new social media platform will be called Truth Social. DWAC skyrocketed well over 1000% in the last few days on news of this merger. It’s gone from $10/share on Wednesday to $175 on Friday. Trading was halted several times due to the volatility! It reminded us all of the GameStop explosion earlier this year!
After several halts in trading on Friday, I was finally able to trade DWAC, and with a small size I booked a very nice profit. Please watch the recap Brian, Jarad, and I posted here.
I hope everyone has had a great trading day. We appreciate you joining us in the community and following us on social media. If you have not joined us yet as an Elite member, please take advantage of the 40% discount we are currently offering on our Elite annual memberships. We will also give you a credit on your last monthly payment.
To your success,
PS: Have you had a look at our new web-based free market replay tool? If not, please take a few minutes to check it out here and ensure you enter your email address so we may send you free weekly tips and trade ideas.