Sell your DWAC, keep your DWACW (if you really must)
Trump Media & Technology Group is combining with a SPAC to take on Facebook $Facebook(FB.US$ and $Twitter (Delisted)(TWTR.US$. The company claims a tech monopoly uses censorship to threaten free speech, citing examples of $Amazon(AMZN.US$, $Apple(AAPL.US$, $Netflix(NFLX.US$ and $Alphabet-C(GOOG.US$. TMTG has huge plans to take them all on.
$Digital World Acquisition Corp(DWAC.US$ Today, both equity and warrants are trading with such volatility that they are hard to discuss, but as of this writing, equity costs $95 and warrants cost $41. There's no reason whatsoever to own the equity at $95. Sell it. Today. If you - and this is on you - have a long thesis for this company than replace all of your exposure with warrants. This deal will probably get done, so it's reasonable to expect that they are highly correlated. Sell your DWAC and (again: this part relies on stipulating your demonstrable long thesis) replace that exposure with warrants on a 1:1 ratio. You will be able to free up capital and replace the exposure for a much lower cost.
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Mikey_Vibez : Will DWAC be the next Meme stock?
Rebecca AugustineOP Mikey_Vibez: Isn’t it already?
Adamjk : LOL. Liberals have no idea how tired the people are of Democrat lies and the Democrat media oligopoly. DWAC is likely to be the fastest SPAC ever to $100B MC.
Biotechmaster Adamjk: Republicans and trumpers have no idea how tired the Real American people are of Republican trumper lies and traitorous behavior.
Nick_TradingVersion Biotechmaster: And just who are these Real American people? 72 million voted for Trump. So we have 72 million who aren't real Americans? That is about as ignorantly condescending as it gets.
benchtrio-update Biotechmaster: Ok, you are tired and we are tired, so now is the time to have our MSM!
QuestSolver : I see you bought the whole enemy if the people thing. Hitler told people the same thing. Welcome to your new America where one man will determine reality based on what he says it is. You people are headed for disaster and will not be voting at all soon unless this is stopped now.
RG7083 : Bought $11,000 as a random speculative play in premarket and had $19,000 by the time I sold later in the day. Not a bad day.
Dan Thunderbolt : This could be like Bitcoin; the sky's the limit.
alchemysciviz : In other news a flea attacks an elephant…
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