How Can Truth Social be worth $6 Billion? {Trump Media & Technology (DJT)}

Hardly the first time the words “a new low” have been associated with Trump.

And aftermarket trading is showing a continuing drop; often in the last few weeks, aftermarket trading showed a slight rise (before the daily slumping), so that’s interesting.

Today’s the day it might drop below $20. That seems like a psychologically significant round number to cause a panicked sell-off.

$19.87 and in a nosedive.

$19.55 now.

I believe September 20 is the date at which Trump is free to sell his shares without obstruction? One wonders what the share price will be then…

A blast from the past, courtesy Chubby Checker

(Losing) a billion here, a billion there and pretty soon you’re talking real money.

A low so far of $19.43. When I posted earlier that it might break $20 today it was at $20.76, so down $1.33 since then.

This is from two weeks ago but suggests that the suckers investors interested in DJT shares are not making investment decisions based on robust profit projections of the company…

I bet the person with 5 shares and the person with 1,000 shares care at least a little bit differently about their losses.

So the CNBC site gives you a pop-up of various data when you choose any point on the graph, including volume of trade, like this:

But this is the latest for me:

https://i.postimg.cc/G2vp7zsW/Screenshot-20240828-112953.jpg

Is that a glitch in the software or have nearly 3 million shares suddenly changed hands?

Not so much a glitch as the trading record for the day up to that time.

Just checked. Today’s volume as of 1333 was 3.1 million shares - which is below average.

I felt dirty just looking that “stock” up.

I think we are close to the point it rockets to the moon! BUY BUY BUY!!!

BTW, not giving real stock buying advice. Because what I just posted would most likely be a really stupid idea.

And closed today at $20.10, down 4.24% Down 19.7% on the week, 35% on the month.

Looks like it is still searching for where to bottom out. And the major selling and profit taking has not yet begun.

Weren’t we saying that a few months ago? Someone even started a poll…

CNN says some of the fat cats at the top are unloading:

Some Trump insiders are already selling, perhaps contributing to the recent selloff in the share price.

For instance, Phillip Juhan, Trump Media’s chief financial officer and treasurer, recently disclosed selling $1.9 million worth of stock. Trump Media’s general counsel Scott Glabe, chief operating officer Andrew Northwall and chief technology officer Vladimir Novachki made smaller sales last week too.

Even Devin Nunes, the former Republican congressman who now serves as Trump Media’s CEO and president, dumped $632,000 worth of stock last week.

There was a pop-up on my tablet to download the Truth Social app - is it an act of desperation or just a coincidence? No, I didn’t download it.

An act of futility, then.

Prediction: The higher Kamala Harris’s chances of winning rise, the lower the stock price will sink.