Inside the Trump SPAC “DWAC”

Following reports that it would merge with Trump Media & Technology Group, shares of Digital World Acquisition Corp (NASDAQ: DWAC) have been all over the place.

After rising 1,650% last week, the stock is down 57% from it's all time high of $175 per share to $75 today.

It all started last Thursday, when nearly 500 million shares of DWAC were traded after its price jumped more than 350% in a single session.

It was by far the most actively traded stock on the combined tape of New York Stock Exchange and Nasdaq listings.

Then on Monday, trading volume for the SPAC first started lower. According to FactSet, around 64 million shares of DWAC changed hands.

That's what made the stock easy prey for short sellers, especially hedge funds.

Also on Monday, short-seller Iceberg Research announced a bearish position on the DWAC, claiming that investors should be wary of this blank-check offer because Trump could end up as the majority shareholder following the merger.

In a tweet, Iceberg said, “Now that initial excitement has passed, we see only risks for investors in near future. Based on Trump’s track record, at current price, renegotiation is likely to keep more of the merged company for him. SPAC holders don’t own a piece of this project yet. Trump has leverage, not them.”

However, DWAC remained a popular online chatroom topic among retail traders, who turned the SPAC into the latest hot “meme” stock in 2021.

According to alternative data source Quiver Quantitative, the DWAC ticker was the second-most popular name on Reddit's WallStreetBets chatroom on Monday, after Tesla, which achieved a $1 trillion market value on the same day.

One of the most popular posts on WallStreetBets was “DWAC – ALL IN,” which received nearly 700 comments.

So for now, it seems like we have another hedge fund vs. retail battle on our hands. Prudent investors should wait until we have more information before investing.

In the meantime, here's how to find better stock ideas.

The best returns come from companies who never make the news.

Want a potential 8% to 12% more from every stock you buy? Just make one small change to your daily routine.

Let me tell you what it is…

Focus on companies that never make the financial news. That’s it.

A university study suggested a surprising fact, no news is good news. They claim, “the best returns come from companies who never make the news.”

Now there’s a daily hotlist to help you capitalize on this. And it recently pinpointed 10 “no news” tickers with HUGE explosive potential.

Since introduced, the hotlist has averaged one triple-digit opportunity every trading day for the last 3 years.

I filmed a short video with ALL the details, including the 10 tickers. But my marketing department will only let me make it available for a limited time. So, watch it ASAP.

Get the triple-digit hotlist of 10 “no news” tickers today.

$3 EV Play No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$2 Biotech Stock

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only $2.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works