Trump Media stock slides again to bring it more than 66% below its peak as euphoria fades

https://www.yahoo.com/finance/news/trump-media-stock-slides-again-170419993.html

The stock "DJT" for Trump Media & Technology Group has cratered. Now down 60% from it's post IPO high

Furthermore, Trump is now showing signs that he plans to sell at least some of his shares which would tank the price even further.

https://www.yahoo.com/finance/news/truth-social-stock-crashes-donald-170020178.html

I feel sorry for the people that were taken in by this scam...just like all his other scams.

 

That's what his middle initial is for ... Jenius.

 

I don't feel sorry for one single trump worshipping mark. If they're mentally incompetent enough to still believe their mango hero isn't full of **** then that's on them.

 

trump will make out like a bandit from this
His worshipers will take the soaking they so richly deserve



Fitting for the magat

 

Yall are laughing at Trump having 79 million shares at $26 per share? Talk about Brilliant.

 

Trump isn't allowed to sell a single share for 5 months.

And by then, I predict that his shares will be worth less than $1 each.

 

No — we are laughing at his supporters

He is a business genius at milking his supporters. I don’t think anyone would dispute that.

But that says more about them than it does him.

 

Penny stocks.....there is a market.

 

You thinking people buying at $16 and selling at $65 is something to laugh about, in a f'ing month? Hate to tell you a lot of people made a pile and still are including Trump. I thought you were smarter than this good grief. Trump literally today has a 2.45 billion dollar asset with that big loss. If this thing settles at a $10 gain or up 63% since launch, investors will be poppin bottles. If it were me, to keep from looking silly, I'd probably find something else to trash trump on, this one is a home run! To give you an idea this win would pay that $400b fine that's about to be overturned about 5 times over.

 

Put your money where your mouth is, you can short it at any time. In fact, your get bet the traders that just cashed in off the shocking gains out of the gate, shorted the fall to make even more.

 

And he may be able to do something with that . . . if he's able to get out of the stipulations about having to wait a few months before selling.

 

I'm glad to see that you are backtracking on your previous position. At least we now both agree that there is no reason to have any confidence at all in DJT as a stock.

 

Put your money where your mouth is and buy some of trump’s stock then.
Help your orange messiah.

 

Keep my post in a safe place.

If I'm wrong, you can call me a dump any way you want.

In the meantime, educate yourself on the principle of short actions.

Maybe you'll understand that it's impossible to do this with a stock that's already in free fall.

 

All new low for you, you misread what I said,
"Trump literally today has a 2.45 billion dollar asset"
you claim
"And he may be able to do something with that . . . if he's able to get out of the stipulations about having to wait a few months before selling."

Not taking into account I never said anything about him selling today, might be a reason for that. Then you claim I'm backtracking on something? Sorry pal I can't backtrack on something in your head.

 

DJT was introduced around $35/share. You are trying to conflate DWAC with DJT. That isn’t going to work bro.

I made a pretty good return in 10 days through options but ok

I had assumed that I was speaking with someone who comprehend what they were discussing. Almost anyone that bought the stock, DJT, and is still holding has lost their ass. Options trades have gotten so expensive that there no longer even worth it because so many people are now betting against it.

But whatever you need to tell yourself. Make sure you buy some more since you know it’s gonna do so well — hell, if you are that confident put a second mortgage on that house.

 

It might be an asset but it is one he needs special authorization to do anything with including borrow against — so it’s effectively currently worth about as much as the paper it’s written on.

Now if the stock stays the same he will have done quite well — but looking at it’s current performance it might eventually be worth less than the paper it’s printed on.

 

lol…not today, dude, and even less tomorrow.

 

How are Trump supporters expected to buy this stock when they've already been sending him all their money to pay his legal bills?

 

Actually, right now, you CAN'T short DJT and make money on it.

To short a stock you actually have to "borrow" shares of that stock from someone (usually a brokerage) that requires an amount of money put into a margin account. As the rush to short sell increases the amount the brokerage requires increases. Right now it's just too expensive to short shares of DJT because it's tanking so badly.

 

You can, you shouldn't but you could. The poster was claiming it for sure was going to $1.00, that could be a big win if he's right.

 

the foolishness that Trump supporters are who bought the IPO is based soley on the left's TDS. Lots made money in a hurry off this stock, it wasn't hard to see it running up after the IPO then settling. The reason for the sell off yesterday is from the announcement of an additional stock sell of 120 million shares in the coming months. A lot of this will be trump shares at various times.

 

LMAO…not today, dude. It’s already lost even more of its value since you trotted out your math.

 

You seem to really believe it.

How many shares of DWAC did you buy?

 

I don't feel sorry for them at all. Let them testify at the SEC investigation.