Jerry Dean McLain first bet on former president Donald Trump's Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his "whole nest egg," he said.
That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group's share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.
"I know good and well it's in Trump's hands, and he's got plans," he said. "I have no doubt it's going to explode sometime."
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