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Post by illinoisfisherman on Apr 2, 2024 7:52:35 GMT -5
That still makes DJT about 3 billion dollars richer. Not pocket change by any means.
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Post by nikonoclast on Apr 2, 2024 8:19:52 GMT -5
That still makes DJT about 3 billion dollars richer. Not pocket change by any means. Like the rest of Trump's "empire", the operative term in "on paper".
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Post by ferris1248 on Apr 2, 2024 8:53:18 GMT -5
"(Reuters) - Mohammed Al Shalloudi, a 21-year-old graduate data analyst in the United Arab Emirates who invested in Donald Trump's social media company, has little in common with the former U.S. president's political supporters." "Al Shalloudi bought shares in Trump Media and Technology Group (TMTG), but not because he believes in the business of its app Truth Social or because he is a Trump fan. He is part of an army of speculators seeking a quick lucrative trade whose bets on TMTG have made it one of the most overvalued and actively traded U.S. stocks." "Al Shalloudi said he bought at $37 per share and cashed out late last week at $65 per share, clinching a 76% return on his $4,000 investment in just a few days. TMTG's stock closed on Monday at $48.66 after listing on Nasdaq last week in a deal that valued it at just $10 per share." “It was a no-brainer. You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit,” Al Shalloudi said." "They bet that Trump supporters' fascination with the stock was untethering TMTG's stock price from the company's business fundamentals." “I invested $10,000 last Tuesday because MAGA is crazy and they will pump the stock,” said Sarah, a 21-year-old software developer from Pennsylvania who asked for her last name not to be published. MAGA stands for Trump's campaign slogan, 'Make America Great Again'." "I think the investors here are either speculators or amateurs just looking to make a quick buck in a highly volatile stock, and there are really no fundamental underpinnings," Klymochko said." finance.yahoo.com/news/analysis-trump-dump-speculators-bet-100426941.html
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Post by madm002 on Apr 4, 2024 12:04:48 GMT -5
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Post by cadman on Apr 4, 2024 12:07:54 GMT -5
It is down to $46.38 right now. I think it goes below $40 a share next week. I can see why it would be difficult to short. I bet a lot of traders are shorting this stock right now.
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Post by nuevowavo on Apr 4, 2024 12:46:43 GMT -5
DJT is the most expensive stock on the Street to short. There are only about 50,000 shares available to borrow, which you must do when selling short. So if it goes down, it's the longs getting out, not short sales.
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Post by illinoisfisherman on Apr 4, 2024 12:55:42 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments.
I wonder if there will be as much chatter when the egomaniac pockets a billion or two.
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Post by biminitwisted on Apr 4, 2024 12:59:25 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments. I wonder if there will be as much chatter when the egomaniac pockets a billion or two. Yes, it's a shit company, with a shit product, shitty management, and a shitty outlook because it all depends on the post of one shitty guy. One post on Twitter and the whole thing goes poof. That's not politics, that a cold hard business fact.
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Post by cyclist on Apr 4, 2024 14:07:17 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments. I wonder if there will be as much chatter when the egomaniac pockets a billion or two. It's easy to see why because they spend tens of millions and take in a fraction of that. You gotta be a special person to put money behind the magaa traitor. trump is suing his partners running the shit show, when will folks learn that anything the psycho touches turns to shit.
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Post by cadman on Apr 4, 2024 14:49:20 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments. I wonder if there will be as much chatter when the egomaniac pockets a billion or two. It's doing poorly because it lost $53 million and the accounting firm said it can not survive much longer without more cash.
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Post by nikonoclast on Apr 5, 2024 8:34:45 GMT -5
This is just another version of "Trump Steaks" ...
( or is it closer to "Trump Airlines"? )
Two of the clowns who started it have just pled guilty.
What does that tell you? Sound familiar?
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Post by biminitwisted on Apr 5, 2024 14:30:49 GMT -5
It is down to $46.38 right now. I think it goes below $40 a share next week. I can see why it would be difficult to short. I bet a lot of traders are shorting this stock right now. Getting closer… Sell! Sell! Sell!
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Post by ferris1248 on Apr 5, 2024 14:35:47 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments. I wonder if there will be as much chatter when the egomaniac pockets a billion or two. Did you honestly expect it to do well? Fundamentals suck.
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Post by jcbcpa on Apr 5, 2024 14:55:37 GMT -5
It’s easy to see when this stock is doing poorly. Just click on here to see the “Trump Haters” gleeful comments. I wonder if there will be as much chatter when the egomaniac pockets a billion or two. It's doing poorly because it lost $53 million and the accounting firm said it can not survive much longer without more cash. A "going concern" audit opinion is pretty damning. It won't be around long.
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Post by biminitwisted on Apr 5, 2024 15:07:37 GMT -5
Today's markets: Nasdaq -- up 1.25% Dow -- up .83% S&P -- up 1.12%
Trump Media & Technology Group -- down 12.05%
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