Why chasing $DWAC or $PHUN is not advisable
Hi all, I am sure many of us witnessed the incredible surge and madness that Digital World Acquisition Corp ( Ticker: $DWAC ) underwent last few trading days when the SPAC (blank check company) went up multiple folds from just USD $10 to over USD $175, and back to $94.20 as of writing. This blank check company was the hot momentum stock when it announced news that it will be merging with former U.S President Donald Trump's Media and Technology Group. Given that Trump was banned from Twitter and Facebook, it was his chance to get back to the media spotlight with his plans to create this new social media platform. Following the huge surge in price madness for $DWAC, traders began to search for the next stock that was linked to Donald Trump and they have found it in Phunware Inc ( Ticker: $PHUN ). The company which was founded in 2009, went public via a SPAC in December 2018 and was found that it had some links during the Trump/Pence presidential campaign in developing mobile apps.