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

Yawn you lefties are hilarious, have you ever been in the market more than a minute. Let us know when you make a billion much less two billion on a new business. You can't imagine how foolish you look when making fun of Trump for only having a 2 billion dollar asset that just went public. Oh well carry on with your financial genius TDS.

 

Trump has the shares. He can short them against the sell date.

 

I will never touch any business where Trump is involved.

The guy's been bankrupt 6 times and is on his way to a 7th.

But you seem to think that DWAC is going to do well.

How many stocks did you buy?

 

You've convinced me.

Finally, Trump is a financial genius.

Well, I'm a dumbass.

But I stand by my prediction: DWAC stock will be worth less than $1 by the time Trump is allowed to sell his shares.

 

Never said folks couldn't make money on the stock like they could on any stock, just asking how Trump expects his working class base to keep buying all his stuff when he's constantly asking for their money.

 

I think your dreaming something in your head that's not happening. Working class ain't moving this stock, it's the big boys like always. Now one of the things after researching is they filed they were potentially issuing another 140m common stocks, including a bonus to Trump based on price taking his shares to 120m. That plunged the stock, signaling owners could potentially be dumping stock. It's a routine move by companies that recently went public, it makes it easier for ownership to sell their company holdings.

 

Thanks. You saved me the trouble. So many folks have little understanding of how the market works. My brother made quite a killing in shorts back when the dot com bubble burst, so I got an education on shorting stocks.

 

I'm confident that they'll find a way. Steal grandpa's SS money if need be. Anything for "God's anointed one."

 

Two things:

1. Please tone it down, your posts have become very rude on this issue.

2. Are you a broker? What, exactly, is the source of your insights on how the market will favor, or not favor, the DJT stock? (With all due respect, from your posts, I'm glad I've no money invested with you. No insult intended; I could be wrong, but I don't think I am.)

 

Most of those "companies" only existed on paper to transfer funds and had no actual operations. And a brief glance at the failures would tell anyone with two braincells to rub together how stupid they were.

 

Don't you mean DJT stock? Or do you mean both will go belly-up?

 

Right you are. What kind of a business "genius" bankrupts a casino?

 

That one did take "talent." But a lot of his other ones were just his usual "Slap my name on it and call it awesome" business strategy. He had no actual competitive plan.

 

Well anyone that thinks you can't short DJT is the one that has no clue how the market works. Now you may have to pay a premium since it's falling but Arkansis acted like he was so smart early on he knew it would drop all the way to $1.00. That's where the short convo came from, we all knew he was FOS.

 

The stock is currently at 22.90 after falling 14% today alone and is down from the 40 bucks or so from initial offering

It’s fascinating that you think a company that loses millions is worth anything. Especially one that sells nothing but hate and propaganda while acting as a speakerphone for a failed ex president.

Your tone here is enjoyable though

 

I say DWAC shares will be worth almost nothing in a few months.

It's a meme stock.

A social network that loses money - repeatedly - that is unable to increase its market share and whose existence is linked exclusively to the popularity of a single individual is worth nothing.

 

Right, but Trump is pushing his base to invest in this stock after already fleecing them for his legal bills, bogus election defense stuff, and general campaign funding requests, hence my question about how they're supposed to afford it.

 

What else do they have when trying to defend trump?
Insult, attack, deny, repeat.

 

Yesterday, I heard a reporter on TV that was able to actually track down two people that bought into this meme stock, both were average American males under 32 and had invested more than $20000 each. They were both Trump supporters and had bet/invested their life savings to date. Amazing and I understand the risk/reward "dream".

Investors with "fiduciary" responsibilities won't invest because of the profitability or lack there of to date.

 

LMAO…Shares of TMTG (DJT) tumbled 14% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday.
Have you bought your stock yet?

 

The unjust portion of the business dealings is that P01135809, with how finance laws are situated, will not suffer the way he needs.
But the poor stupid lemmings that put their life savings into the scam, will lose it all, it seems.
When will some be willing to learn that P01135809 is really a crook!

 

It’s more a matter of saving face by now. Hard core maga are compelled to double down on their hysterical defense of trump. They can’t accept the fact they’ve been fooled by a seditious conman.

 

I think that this is related to the point that @hawgsalot is making: that Trump put little money in to start the business, and appears to be benefiting from it financially, therefore he is a smart businessman. Here's the problem: this and many other Trump ventures aren't designed to be honest businesses, make or break from their own successes and failures. Trump uses businesses to pull money and resources from other's, much like a Ponzi scheme, so he doesn't care if the business fails losing much money for the investors as long as HE makes money. If some want to consider that being a smart business person, they can, but I don't. IMO, it makes him a good scam artist. He is great at one thing, and that's building a fake perception of something. Not everyone falls for it, but many do. That's why "The Apprentice" was such a cash cow for Trump, it was the ultimate in deception and hollow image, and those years changed him to some degree. It fed into his already blossoming narcissism and he became obsessed with fame, adulation and eventually power. He learned that there was a niche of the population that his schtick worked on and took advantage of that, aided by Ailes, leading us to where we are now. He only cares about America for what he can glean from it personally. He has no concept of what it is like to be a member of the working class, yet many have adopted him as their savior, and that isn't an exaggeration.

 

Increasing the number of shares doesn't automatically make the stock anymore valuable.

 

who paid for those "shares" ?

Whos money will pay Trump for his "shares" ?