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Post by ferris1248 on Mar 26, 2024 10:12:03 GMT -5
How many of y'all bought some? "Former President Donald Trump has clearly scored a financial windfall with his media startup, Trump Media & Technology Group, which trades under his initials, DJT. The firm's value soared when it went public on March 26, with the stock up more than 40% on the day. Trump's ownership stake could fetch more than $4 billion." "DJT is basically a meme stock, a kind of viral sensation that attracts investor interest beyond what the company’s fundamentals would ordinarily suggest. That obviously stems from Trump’s notoriety and the fervent belief some supporters have in his “make America great again” crusade." "Many buyers pushing up the stock price have been individual investors expressing loyalty to Trump himself." "Another risk is Trump’s own financial stake in the company, which has the same ticker symbol as a Trump casino company that went bankrupt in 2004. Trump owns at least 55% of the company, and his stake jumped by more than $1 billion as the stock popped when it went public.""T rump has to wait six months before selling any shares in the public company, according to the terms of the merger. The company board could also waive that rule, which seems plausible given that it’s composed of Trump cronies plus his son, Donald Jr.""One thing Trump’s company is, for sure, is a unique way to monetize your political beliefs about the outcome of the 2024 presidential election."finance.yahoo.com/news/these-investors-think-trumps-new-public-company-will-flop-191257194.html
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Post by cadman on Mar 26, 2024 12:14:03 GMT -5
DJT scares me. I did buy Reddit on day one. It has about the same price as DJT right now and a lot more revenue and users.
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Post by illinoisfisherman on Mar 26, 2024 13:52:58 GMT -5
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Post by luapnor on Mar 26, 2024 18:36:43 GMT -5
A "windfall"... that is how a jealous person describes the success of others.
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Post by illinoisfisherman on Mar 26, 2024 18:54:16 GMT -5
As completely unfair as the law fare conspiracy being leveled against Trump is he deserves some kind of a good thing to happen to him.
Kind of odd how things work out.
Now if he indeed reaps this windfall we will learn much about him in a short time.
If he spends this money getting elected instead of just salting it away I will see a person that truly cares for his country. We shall see.
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Post by tonyroma on Mar 26, 2024 21:29:32 GMT -5
I’d spend as much as I had to keep me out of federal prison, I’m too pretty for jail.
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Post by cadman on Mar 27, 2024 6:08:46 GMT -5
Trump's shares are worth $4.5 billion this morning. Down from a high of almost $6 billion at one point.
It's only paper until he can sell it. I read today that he is likely to sell all his shares before the election and cease any management role in Truth Social.
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Post by OhMy on Mar 27, 2024 6:55:28 GMT -5
I would not touch that stock with your money.
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Post by cadman on Mar 27, 2024 7:02:51 GMT -5
I would not touch that stock with your money. I am glad of that! I expect some day traders are trying to make money off it. It is interesting to watch how it does over the next few weeks. I bet it goes up today before going back down. How would like to be Trump or one of the institutional investors. You make billions and then lose billions, and still worth billions. All on paper all in one day. One article suggested his net worth exceeded $10 billion at one point in the day. Forbes put him back on their Billionaire's list, that should make Trump happy.
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Post by illinoisfisherman on Mar 27, 2024 7:58:38 GMT -5
And he deserves it!
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Post by OhMy on Mar 27, 2024 8:10:15 GMT -5
I would not touch that stock with your money. I am glad of that! I expect some day traders are trying to make money off it. It is interesting to watch how it does over the next few weeks. I bet it goes up today before going back down. How would like to be Trump or one of the institutional investors. You make billions and then lose billions, and still worth billions. All on paper all in one day. One article suggested his net worth exceeded $10 billion at one point in the day. Forbes put him back on their Billionaire's list, that should make Trump happy. It is all on paper not liquid. If he goes and tries to sell all of his stock, he has to have someone buy the shares. If not, prices drop and he is not worth all that much. Is anyone else other than BT on Truth Social? I joined a few years ago, but it was an echo chamber so I stuck with X. I like X (and Tik Tok) for the fact that you get a lot of news in real time and don't have to wait for legacy media to catch up.
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Post by meateater on Mar 27, 2024 10:57:55 GMT -5
ive only bought 1 stock in my life cause i got a tip, erhc. many years ago i was working for some super rich people who did business in africa and 1 of the guys said he wanted to throw me a bone, told me to buy as much as i could afford and he promised in 1 year if i didnt make 10 x my money he would pay me back, anyway i bought 2000.00 worth at less then a penny a share and a year later it was .40 forty cent. yea i made a few bucks.
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Post by bullfrog on Mar 27, 2024 11:27:38 GMT -5
"Blue Horseshoe loves Anacot Steel.”
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Post by osprey11 on Mar 27, 2024 13:09:46 GMT -5
ive only bought 1 stock in my life cause i got a tip, erhc. many years ago i was working for some super rich people who did business in africa and 1 of the guys said he wanted to throw me a bone, told me to buy as much as i could afford and he promised in 1 year if i didnt make 10 x my money he would pay me back, anyway i bought 2000.00 worth at less then a penny a share and a year later it was .40 forty cent. yea i made a few bucks. LOL the same guys that gave me UPL at $2 share went in Enviromental remediation holding company. Traded is for years. Dog of a company!
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Post by meateater on Mar 27, 2024 14:40:14 GMT -5
ive only bought 1 stock in my life cause i got a tip, erhc. many years ago i was working for some super rich people who did business in africa and 1 of the guys said he wanted to throw me a bone, told me to buy as much as i could afford and he promised in 1 year if i didnt make 10 x my money he would pay me back, anyway i bought 2000.00 worth at less then a penny a share and a year later it was .40 forty cent. yea i made a few bucks. LOL the same guys that gave me UPL at $2 share went in Enviromental remediation holding company. Traded is for years. Dog of a company! yea these guys were hoping to get drilling rights off the coast of africa and i guess the rich diamond execs knew it was gonna happen , i cashed out at .40 i believe it went as high as .65 then it went back down to less then a penny.
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