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♟ Time to Dump Trump's SPAC?

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GIANT buy signal: If you buy just one stock in 2022, you should make it this one.

"Truth Social will not be profitable for a while - if ever. But that won't stop people from investing in it."

Karim Rahemtulla, Head Fundamental Tactician, Monument Traders Alliance

Karim Rahemtulla

A few weeks ago, I wrote about how to play the hype around former President Donald Trump's social media venture, Truth Social. This app is operated by Digital World Acquisition Corp. (Nasdaq: DWAC), a special purpose acquisition company (SPAC) that recently merged with Trump Media & Technology Group.

The stock was in play at that point, and it was just a matter of time before it surged again.

My thesis was as follows...

First, the hype would increase.

Then, more attention would be paid to the venture - no matter whether it was a good one or a bad one.

And lo and behold, this is exactly what happened.

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