Two of my best shorts this year were in $DWAC. Both were solid winner. (I wish $TWTR were still with us to short.)
Right now, buying DWAC stock is more akin to gambling than investing. The firm has no earnings history to speak of and its stock price been plunging for months. The fact that Elon Musk, one of the world’s most feted entrepreneurs, has now bought Twitter makes the road ahead for Truth Social even more challenging. It remains miles off highs despite its latest surge on speculation Trump will run for office once again.
In addition, the request for a one-year extension to complete the merger raises further doubts. With an ongoing SEC investigation into the deal, there is still a risk that it could be halted in its tracks. A new federal grand jury investigation further complicates matters. DWAC stock is not a buy at the momentsymbol=DWAC)). The stock got pummeled on the news Tesla (TSLA) CEO Elon Musk had a bid accepted to buy Twitter (TWTR). But DWAC is surging on reports Trump will run for president once again.