I find it amazing that that would be so clear to you and me, yet apparently a good portion of our fellow citizens see it very differently. I find it hard getting my head around why ostensibly rational people can believe such malarky.
Over at RWNJ sites they think it’s all a conspiracy to make Trump look bad, but that in the end TS is going to be worth a fortune and one should get a piece of the action.
How I think this ends is that whatever value is still in the stock come September will be hoovered up by Trump when he starts dumping shares. I really believe it’s a pump and dump.
How many people believe the election was stolen?
I’ve given up on assuming that there are many rational people left in the world.
Well, the tire is leaking real bad if this is a pump and dump.
Realize that even at $10/share, Trump will walk away with half a billion.
Don’t rule out it becoming a penny stock and getting delisted.
Few may be willing to lend against it and selling significant amounts will be … hard.
My speculation is that Trump ends up with a windfall in an amount unfathomable to us mere mortals, but that wouldn’t, for example, put a dent in his NY judgment. So, found money, much better than a poke in the eye with a sharp stick, but not Trump-life-changing.
This just feels like a penny stock waiting to materialize, to me anyway.
Today down from $34.2 to $32.1. This is the most fun I’ve ever had watching stocks!
Yeah. I agree. He’ll get millions out of it, which seems profoundly unfair but we do not live in a fair world where only the worthy succeed.
Trump is the epitome of failing up.
He’ll get millions out of it which will promptly be seized by the courts, at this rate.
There’s every flavor of irrationality out there; Trumpism is just one more. In the same way that flat earthers insist the earth is flat, Trump’s devotees take his goodness and righteousness as axiomatic, and any evidence or claim to the contrary will be reflexively dismissed as falsehood or conspiracy.
If you bought at 10:28 today, you’re making bank! It dropped to $29.74 at that point.
I wonder when it’ll next hit $29.74, and when it’ll drop below that amount for the last time.
A song from Avenue Q plays in my head as I read these.
The thing is, when these poor twits lose all of their retirement funds, who do you think they are going to blame?
Not Trump, that’s for damn sure.
Oh, a few may. Especially if the parties involved in the Pump and Dump are ever proven to have deliberately planned to defraud investors. Which, well, may be harder than usual. I mean yeah, they sure seemed to be giving every sign that this was nothing more than a method to enrich the core by wiping out the wealthy of the secondary investors, but they weren’t exactly HIDING how sketchy the prospects were.
It’s on the level of the old “Commemorative Plate” commercials where they said “similar releases have increased in value” but even the spokesperson/voice-over doesn’t sound like they believe it.
Do you want WAPO’s profile of Truth Social’s retail investors? Sure you do. Gifted article.
None of the discussants quoted in the article should be stock picking. I shouldn’t be cutting down trees with a chainsaw and the man profiled who runs a tree removal business in Oklahoma shouldn’t have put, “Pretty much his whole nest egg”, into one stock - any stock. Never mind a company with $4 million in revenue that pays its CEO Devin Nunes $1 million salary plus a $600,000 retention bonus.
Interestingly the spokesperson for DJT says the company has, “more than $200 million in the bank”. DWAC, the buyer who provided this influx of cash, had $310 million in assets at the end of Sep 2023, 5.7 million in debt and 63.8 million in liabilities, according to Yahoo finance. I’m curious about the nature of those liabilities, but I’m too lazy to pull the financial statements from Edgar over at the SEC. At any rate, the $300M cash pile is dwindling faster than I previously understood.
Liberals and the deep state, judging from my link.
Poor Mr. Tree Feller ought to have bought Powerball tickets instead. Better ROI and less variance of return. And less corruption; much less corruption.
It’s not a sound investment, like Atlantic City casinos. But Trump should do well out of it.
Thanks.
Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.
“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”