It’ll go up again as soon as a billionaire needs a favor from the Federal government.
Huhh… yes. That is the risk.
Today’s low so far is $10.28, 10 cents above the 52-week low of $10.18.
Aaaand, three minutes after my last post and we have a new low of $10.17.
It’s now $10.08. It opened its first day at $9.98 and never went below that. We are approaching all time low territory.
It’s now $9.94.
Closed at $9.91, low of $9.90.
I can easily see some rationally buying some now just on the expectation that exactly that will happen. And selling on a reasonable bounce.
Not me. I can’t put myself in a position other than cheering for its complete collapse! But it might not be a crazy thing for someone to do.
I wonder what kind of psychological effect that will have on tomorrow’s price.
I found this article
Bearish flow noted in Trump Media with 22,010 puts trading, or 7x expected.
and was momentarily confused by the inset ad reading “President’s Day Sale - 70% off!” which is about right for how much the stock has lost over the last year - or is it a prediction of tomorrow?
The first part of which may be what is happening today.
I believe Paul Krugman’s substack today is relevant for this discussion. Yes, truth social (sic!) could well rise a lot again before the temper tanTrump in the White House finally gives up the ghost.
Is it really eight weeks already that they merged with the Google department for fusion power, boosting the price by more than 50%? Time to repeat something similar. Or something with Russians this time perhaps?
https://www.economist.com/finance-and-economics/2026/02/17/will-investing-in-russia-really-bring-america-a-12trn-bonanza?giftId=ZTQ1ZDlhYjEtOWUzMy00MWQ5LTlkY2MtYWNiYjI4ZWVhYmY3&utm_campaign=gifted_article
(gift link, I hope it works)
It hit $9.90 again today.