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.

Digital World is trading for more than $90 today after trading as high as $137 in the premarket period a few days ago.

Truth Social just launched on Apple’s App Store. And while it’s not available to everyone (it’s still in beta testing), there is a product (kind of) – plus a waitlist of the faithful.

As many launches do, this one had a lot of hiccups – kind of like when Obamacare was launched and there were a few embarrassing posts (the type supporting some nefarious characters).

Those errors should be forgiven – for now.

However, a month or a year from now, the market will not be so forgiving.

In truth, Truth Social will not be profitable for a while – if ever. But that won’t stop people from investing in it.

As Digital World’s shares have demonstrated, they could drop $40 just as quickly as they could go up $40.

While there will be future opportunities to both buy and sell the stock, the business model does not lend toward a stable, long-term hold. There are just too many land mines that could derail the project.

But if you did invest when I wrote about Truth Social back on January 13, here is what you should do…

Action Plan: TAKE YOUR INITIAL INVESTMENT OFF THE TABLE AND LET THE REST RIDE! There will be more catalysts to come – so the shares should trade even higher. That is why you want to let your profits ride!

Let us know how you did by dropping us a line here.

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