News reporters should find any notice and report them.
No argument.
If not, I’m sure he can get one from RFKJ.
There is more than one way to fleece a rube. While I trust Trump’s erstwhile partners are rushing for the exits, Trump himself could leverage his 60% controlling interest to have Trump Social sell shares, then turn around and buy anything that Trump wants to offload. Trumpcoins, NFTs, debt-laden properties, whatever. Self-dealing might make more sense than liquidation.
There are also options strategies available, depending upon the wording of the prospectus. Sell options to buy, buy options to sell. Trump can combine this with self-dealing, while keeping his stake comfortably above 50%. Yes, the US has protections for minority shareholders, more so than many countries, but breaking the law is a Trump specialty.
If you are truly into gambling, would a bet on Truth Social offer better odds than the betting market?
With a Trump win, Truth Social would take off, maybe back to $50 +? At current pricing that would be better than 3:1, much better than the bookies are offering?
I bet Kristi Noem knows of a nice gravel ditch where you can find what you are looking for.
And don’t tell me you hear Cricket! 'E’s passed on! This puppy is no more! He has ceased to be! 'E’s expired and gone to meet 'is maker! 'E’s a stiff! Bereft of life, 'e rests in peace! If you hadn’t nailed 'im to the dog hut 'e’d be pushing up the daisies! 'Is metabolic processes are now 'istory! 'E’s off the twig! 'E’s kicked the bucket, 'e’s shuffled off ‘is mortal coil, run down the curtain and joined the bleedin’ choir invisible!! THIS IS AN EX-PUPPY!!
It has now reached a new 52 week low of $13.60, the year of the earliest known Kırkpınar oil wrestling tournament in the Ottoman Empire.
Below 18% of the post merger high. Winning.
DJT is a meme stock, and meme stocks are not currently understood. Some day they will be. Your $50+ estimate is pure speculation, based on nothing. No worries though - your question is entirely reasonable. Furthermore, speculative investments like DJT are… speculative.
Gambling is distinguished from speculative investment due to its negative expected return but also higher frequency payoffs. I opine the psychology is somewhat different. How much? Not sure, and it depends upon the person.
Let’s look at the numbers. Yes, the lower it goes, the better buy it is. At $14, you face a $12 downside if you (say) hold until it reaches $2 under the 50% Kamala wins scenario. Under the Trump wins scenario, the stock only has to regain ground to $26 (14+12) for a risk neutral person to break even. (BUY BUY BUY BUY BUY BUY GO GO GO GO GO RAH RAH RAH RAH RAH RAH RAH RAH).
Either way, the stock is worthless. You are betting on perceptions, not the underlying value of the stock. That’s fine, except again meme stocks aren’t currently understood well.
No evidence of a mass sell-off yet, but it’s continuing its steady decline. Seems to be finding support at around $14 now, but has spent much of the day below that. I cannot fathom who the buyers are or what they’re using for brains.
All that could change only if Trump wins the election, which is possible but is trending against him right now.
Maybe the short sellers are closing out their positions? Or maybe people with lots of money are buying it as a lark. If it goes up, great! If not, oh well, it’s just pocket change to them. I would guess that the irrational, Trump true believers have already bought all the stock they can afford. Oh, it is Friday. It’s payday! Maybe they’re skipping lottery tickets and buying DJT with their paycheck instead.
Just closed at another low, 13.55, down nearly 8% on the day. What a shitshow!
$13.73 in after hours trading. Somebody sees a bargain!
21 million shares traded today vs. 10 day average of 13 million and 90 day average of 7.4 million.
From an article on the newest Trump scam:
President Trump is a great innovator and businessman. No other presidential candidates ever offered so many great items. I will buy a few coins. However I have a lot of our money tied up in DJT/ Truth Social stock. I need that price to get above $55.
Good luck with that.
Here’s your sign!
Should send him a link to DJTs new, soon, crypto wallet scam (excuse me, opportunity).
It hit a new low of 12.66 in early trading. But as usual it rebounded a bit for what I assume are perfectly normal reasons related only to its business data.
Down to $12.61 today–a 7% drop in less than an hour.
Also, with most gambling, you can calculate the odds of each bet rather exactly, so you know exactly how much risk you are taking, and what potential rewards exist. With this memestock business? There’s no way to accurately quantify the odds of any particular outcome occurring. You’re basically guessing about the motivations of a large group of people who are emotionally invested in the stock, some positively and some negatively.
Looks like the “dump” part of “pump & dump” is upon us, by one or more of the principals. Since Trump has assured everyone he’ll never sell his “beautiful” stock, I assume it’s him. At one point just before the precipitous fall, someone (possibly Trump) dumped nearly a million shares.
As for how far it can fall, a technical analyst looking at the chart would say it no longer has a known support level. It tested $12.80, and fell through into the basement. Now it’s testing $12.60. This is the kind of behaviour that might get trading stopped. It may have already happened at some point today.
Can you explain what you mean by this? What is being tested and by whom? Is it just an expected floor below which the stock “shouldn’t” fall without a major shift in the company’s outlook?