They are scared to death, DWAC is already valued at over $5 billion, twice the predicted value on the announcement of the merger. This is going to the moon because we believe in President Trump and the MAGA movement is willing to fund the destruction of the existing tyrannical media complex. They see it coming and can't stop it. Nothing can stop what is coming!!
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I bought in at 13 yesterday. I knew this one was going up, but it surprised me with how quick it was - I should have bet more on it. Still got a couple months salary though.
When the acquisition target is announced, I could see it going that high. My hunch is this well behave like other SPACs overall (due to unknown acquisition target), today is most likely a local high. We will have downward pressure until acquisitions are announced then zoom up well above today’s high. So I don’t think it’s “too late” for people to get in. There will be good entry points in the future, or if you don’t want to try to time it now probably is better than never.
Been watching after hours trading and it's down to about $78 right now. Looking for a low to get in on after hours or maybe wait til open on Monday.
I definitely want to get some though and agree long term it is going up.