It’s finding some support above its previous April low of $22.84. Got down to $23.34 this morning before moving slightly up. I suspect that if it gets below that support level it will go into freefall.
I think the whole thing is a bet that if Trump is elected, he’ll try to force agencies to use TS instead of Xitter.
On Robinhood it shows for their customers it’s still a net buy. A little softer than it’s been in the last few months but still about 20%. Hedge funds are basically at zero. I’m no expert but I take that to mean it’s being propped up by MAGA retail buyers. I doubt it will go into freefall unless he loses the election.
Not at fifteen yet…
https://www.nytimes.com/2024/09/04/business/trump-media-stock-truth-social.html
16.98 -1.10 (-6.08%)
At close: 04:00PM EDT
Could sink below 15 tomorrow at this pace.
Looks like it could reach 15$ today, it has fallen 2.93$ today so far, only 0.70 to go:
That would be over 3 months later than I predicted in post 22.
The “markets” seem to shout that they did not like tanTrump’s performance in the debate yesterday. That is good news for me.
Looks like it sank below 15 on 9/19.
Currently:
13.55 -1.15 (-7.82%)
At close: September 20 04:00PM EDT
Just read it is currently $12.15. Sinking fast.
In the news…
Sure but it’s up considerably from where it was the post before yours. Definitely some weird shenanigans going on.