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DWAC

What We Know About Trump’s SPAC DealLast Wednesday, Former US President Donald Trump announced the creation of his Media Company, Trump Media and Technology Group (TMTG) as well as its planned merger with Digital World Acquisition Corp (NASDAQ: DWAC). Within four days, the NASDAQ-listed DWAC stock had grown by 740%. At the close of the Monday trading day (25/10/21), DWAC was trading at US $83.86. After-hours trading sees the stock up by 3.98% to US $87.20. Arguable, DWAC price rise could be indicate it is the latest in a long line of ‘meme’ stocks, with retail traders ploughing into the stock for the sake of entertainment. Although, this might be a too-easy dismissal of Trump’s large popularity among Americans. He is, after all, the presidential candidate that garnered the second largest number of votes in US election history (after President Joe Biden, of course). TMTG and DWAC would represent the only publicly-listed entity tied to Former President Trump (after the bankruptcy of Trump Hotel & Casino (NYSE: DJT)), and thus, demand from his supporters might be in line with DWAC’s price rise. What we know about Trump Media and Technology Group (TMTG) TMTG is planning several launches over the next year. The first and perhaps most grandiose undertaking is a social media platform called TRUTH Social, set to be released at the start of 2022. It is unknown whether the platform will be based on Facebook (NASDAQ: FB), Twitter (NYSE: TWTR), or YouTube, all of which are sharing platforms that have banned the former Presidents profiles. As can be gleaned from Trumps Statements, Truth Social will likely imitate the likes of Twitter, with short, pithy Tweet-like posts referred to as TRUTHS. What we know about Digital World Acquisition Corp (DWAC) Founded in 2020 and based out of a shared WeWork (NYSE: WE) office in Miami, DWAC is a Special Purpose Acquisition Company (SPAC) listed with the goal to merge with a US technology, fintech, or financial services business. DWAC is controlled by the founder of Benessere Investment Group, Patrick F. Orlando, and Luiz Philippe de Orleans e Braganca, a businessman and member of the National Congress of Brazil. Orlando, acting as DWAC’s CEO, is a former derivatives trader at Deutsche Bank (ETR: DBK) and serial SPAC lister. While Orlando has launched four SPACs, raising hundreds of millions of dollars in the process, he has failed to push any of them over the line and complete a merger. With the stock price rally of DWAC, Orlando’s chances of achieving a SPAC merger are looking more probable than ever. DWAC scepticism DWAC has already generated its fair share of criticism for scant financial details and planning. Kristi Marvin, chief executive of SPAC Insider, notes, “We don’t know how they got to the valuation. We have no information … That’s the fundamental problem.”. DWAC merger deal with TMTG values it at US $875 million.
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by BlackBull_Markets
1
DWAC10.24.21 DWAC I have a friend who bought a lot of shares of the stock around $12. I thought I would use this stock to help frame the market and help my friend maximize his return on this speculation. Obviously, if he were going to buy and hold, we would just sit and watch. But my friend wanted me to watch this marketer he would've told me about it and were going to try to help him manage this trade. The reality of this is it my friend has a tremendous amount of unrealized profit, but in two days the market corrected 50% off the high, and he still has hundreds of thousands of dollars of profit at this price. I showed you how you could trade a spike and how this worked out at the end of two trading days. That is one technique to handle this market. Was there a way to have taken profits when the market was at hundred and $80 which was also part of a mathematical pattern? Obviously, if he recognized that pattern and was still in the market, it would've been better for him to take all his prophets in $180. No matter what we do we are damned if we do and damned if we don't... And that's part of trading. So my friends in the market and he's in the money and let's see if we can help him manage his position, and let's assume that he's willing to trade the dynamics of the market and maybe scale in and out in ways that can lock in some money, and at the same time take some money off the table when it's appropriate. It's a lot of fun watching people risk their own money, and it's more work when we are risking our own money.
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by ScottBogatin
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DWAC10.23 DWAC A friend of mine entered this market a couple days ago and is ahead over $300,000. My friend is a very lucky guy, and while I would never enter a trade when he did,, I would like him to maximize his target and make even more money. I did not state this in the video but I would not be surprise to see the market trade a little bit lower to close the gap. The very nature of this market is that it will probably maintain a good degree of volatility, and in a couple of trading days will be able to find a tradable range using the techniques that we use. The reason I chose to talk about this is that I believe there is information about this market that has some significant for some traders, and for other traders will see nothing to bullish price bars. There is a saying that you should trade what you see, but if you can't see the message you can't trade it. This market produced a spike, and for those who recognize a spike, it is likely to be trading differently than for those who do not see what this is. So I will give you my interpretation of the market based on my understanding of spikes, and I will include other points of view based on the way I generally look at a market. I never would have trading this market, but since it has expanded the way I look at expansion, the market is likely to set up to some identifiable range, and from that point will provide trading opportunity with manageable risks. So I will follow through in the next day or so as the market gives us more information and helps us make decisions about the market based on market information. I made some minor mistakes, for example the sellers would have lost more than 70 points not 30 points, and there were some other unclear comments when I listened to the video, but I'll make these clarifications on subsequent videos since this video is good enough for now. My belief is that the market is trading to mathematics and that the market is not random. My belief is that mathematicians may be programming software, but the market trades to the behavior of buyers and sellers, and smart money, and fast money. I believe that we know enough about the market that we can change the odds to favor our trades despite the fact that there will be some losing trades.
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by ScottBogatin
2
Wall Street Bets has changed the plays rules!Before the last flash crash in the Crypto market, WSB tends to play with big names: AAPL, AMD, NVDA, MSFT, PFE, MRNA, and ..etc. But after September 21, 2021, they change their plays o very small companies, and instead of 2-3 weeks, they do daily plays! Today they create this. WSB's mentioned tickers: Rank 1: DWAC Rank 4: PHUN Rank 9: BENE Conclusion: Be careful, you may be on the wrong side of the trade at the end of the day..! If you like to read more about how they play you can read my previous article about it:
DEducation
by Moshkelgosha
2
Trump change the rules of the game..!It seems no matter where he is going or what he does, Donal Trump is the one who defines the rules..! Please do not ask about the price target of this SPAC! It can go anywhere, at the time of writing this analysis its premarket price is 86 while yesterday's close was 45, and 2 days ago it was 10 USD/share. The question is this : What would be the potential future of this social media and network? Donal Trump has at least 74.2 million votes in the past election which could be the minimalistic number of his followers! He has lots of followers in other countries as well, and his social media could provide a voice to those who feel they got censored on other social media like Facebook and Twitter. I believe if his team manages to deliver a good platform they will have more than 200 million users easily in the first few days or weeks. I think Trump needs this platform to unify his base for the 2024 election! We should keep in mind, someone like Robert Mercer is one of the biggest Trump supporters..! Robert Leroy Mercer (born July 11, 1946) is an American hedge fund manager, former principal investor in the now-defunct Cambridge Analytica, and computer scientist. Mercer was an early artificial intelligence researcher and developer and is the former co-CEO of the hedge fund company Renaissance Technologies. I am sure no matter what is happening, Trump will be the one who benefits from this the most..! This story has just begun..! Best, Moshkelgosha
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by Moshkelgosha
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TRUTH Social vs Facebook Vs Twiter Market CapDWAC has a Market Cap of only 1.635B, but let`s put the less upside potential 1.7Bil usd at 10usd valuation, then the value of Trump Media & Technology Group should be 7.7Bil. Twitter has 52Bil mk cap, so still a 6.7Xupside. FB Facebook, Inc. has a Market Cap of 963.91B, so 99X from here. what is your price target for DWAC??? Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement. The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. Truth Social is aiming for a beta launch in November. TRUTH Social will be a competitor to Twitter and Facebook . TMTG+ will compete with Netflix and Disney+. TMTG news will compete with CNN and iHeart Radio. They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal). Could this be the new Twitter / Facebook platform? Can we expect a retracement to January 2021 area because of TRUTH Social gaining momentum and market share? I`m looking forward to read your opinion about it!
DLong
by TopgOptions
11
Tump`s TRUTH Social to compete with Twitter and Facebook Donald Trump announced yesterday the creation of the Trump Media & Technology Group (TMTG) which will develop and launch a new social network! Trump Media & Technology Group and Digital World Acquisition Corp. DWAC have entered into a definitive merger agreement. The transaction values TMTG at an initial enterprise value of $875 Million, with a potential valuation of up to $1.7 Billion depending on the performance of the stock price post-business combination. Truth Social is aiming for a beta launch in November. TRUTH Social will be a competitor to Twitter and Facebook. TMTG+ will compete with Netflix and Disney+. TMTG news will compete with CNN and iHeart Radio. They have also plans for a Tech Stack that includes web hosting (vs Amazon Cloud) and payment processing software (vs PayPal). Could this be the new Twitter/Facebook platform? we know Trump is in war with them! Twitter permanently banned Trump from the platform in January 2021 during the final days of his term. Back then he had over 88.9 million followers. if every one of them buys DWAC, the SPAC with which TMTG will merge, for only 100usd, the mk cap will be 9Bil. now the Market Cap of DWAC is 1.635B. So still a 5.5X upside. The irony is that the same hedge funds that sponsored the campaigns of Hillary and Biden, now invested in Trump`s SPAC. :) Investing right now could be like planting the seeds in Facebook back then. My extremely speculative valuation is half the market cap of Twitter by year`s end, so considering half of Twitter`s mk cap and 1.7Bil valuation for TMTG at 10usd results 150usd price target! We bought DWAC at 12.84usd in our trading group. I look forward to read your opinion about this!
DLong
by TopgOptions
14