Don’t get burned by this stock! Should you trash it or stash it?
Welcome to the first episode of Trash or Stash: a new segment on Trade Talk Tuesday where we take a single stock and determine if it should be stashed away in your portfolio or thrown onto the trash pile. This week, Bryan Bottarelli, Head Trade Tactician for the Monument Traders Alliance, takes on Digital World Acquisition Corp (DWAC), the SPAC that just merged with former President Trump’s social media platform Truth Social. Last year, DWAC jumped 800% in just two sessions, but investors have soured on the stock since the launch of Truth Social. Today Bryan decides if DWAC is Trash or Stash, asking “Can you see a world where new ad dollars are going to be beating down Digital World’s door?”
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Disclaimer: Nothing published by Monument Traders Alliance should be considered personalized investment advice. Any investments recommended by Monument Traders Alliance should be made only after consulting with your investment advisor and only after reviewing the prospectus or financial statements of the company.