Members lookin Posted April 8 Members Share Posted April 8 Looks like some folks came in this morning and unloaded a few million shares in the first hour of trading, knocking the price down another five bucks (12%). There were some buyers at that price and the stock clawed back two dollars and then headed south again. It occurred to me that Trump himself, along with his family members, have the ability to buy more shares and help support the stock price. Perhaps they were among the buyers at midmorning. It would be a nice thing to do to help his supporters stay afloat. I also remembered that Trump met with Elon Musk in early March. Ostensibly, it was to get Musk's support for Trump's candidacy. While that didn't happen, it makes me wonder if they also discussed Musk's possible purchase of Trump Media. Musk's purchase of Twitter indicated that he's not averse to pissing away his billions in search of some kind of media footprint. And, if Trump gets elected, he could sure help Musk keep the government contracts flowing toward SpaceX. Seems like there's the basis for a deal between Musk and Trump but, for now, it would seem to hinge on Trump's getting elected. So now I can see two paths forward for this struggling stock, but they both require Trump to get elected. On the one hand, I've got to appreciate the amount of risk that Trump is willing to take in his business dealings. On the other hand, I'm content to be among those who aren't along for the ride. 😳 Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 9 Share Posted April 9 10 hours ago, reader said: From CNBC Trump Media stock drops more than 10% to open trading week Trump Media shares dropped more than 10% in early trading Monday. DJT’s plunge followed a 12% decline in its share price on Friday. Trump Media, which owns the Truth Social app used by its biggest shareholder, former President Donald Trump, had a high price of nearly $80 two weeks ago after it began trading as a publicly held company. Its share price as of 12:33 p.m. ET Monday was $36.62 per share, a 9.78% decrease for the day. Marc in Calif, Goober, JKane and 1 other 4 Quote Link to comment Share on other sites More sharing options...
Goober Posted April 10 Share Posted April 10 On 3/26/2024 at 2:00 PM, EmmetK said: Donald Trump does in his private business what he does for the country. He spreads the wealth. As of 12:36 pm today, the stock is down to $34.67 (another 7.50% loss). I believe you stated you bought in at $38.00... Stable Genius, Bingo T Dog and Marc in Calif 1 2 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 10 Share Posted April 10 "He loves you and he needs money!" - George Carlin Goober and JKane 2 Quote Link to comment Share on other sites More sharing options...
Goober Posted April 10 Share Posted April 10 On 3/26/2024 at 2:00 PM, EmmetK said: Donald Trump does in his private business what he does for the country. He spreads the wealth. It doesn't appear he's spread any wealth to his two broke buddies: Rudy or the lumpy pillow guy. JKane and Marc in Calif 1 1 Quote Link to comment Share on other sites More sharing options...
Goober Posted April 10 Share Posted April 10 DJT stock shot up today from a low of $33.51 to close at $34.26 (down 8.57% for the day). It was really on fire!!! Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Marc in Calif Posted April 10 Share Posted April 10 On 4/3/2024 at 5:21 AM, EmmetK said: I bought it at 38 when it was Digital World. I'm still up over 40%. Truth Social hit a new post-merger low of $33.48 on Wednesday afternoon, bringing Trump Media’s market capitalization to approximately $4.6 billion. As of Wednesday, the company had almost halved its market value from highs of more than $8 billion during its first trading week.... Analysts said the company’s initial stock boom had little to do with its underlying business and more to do with support for Trump, lumping Trump Media in with so-called “meme stocks,” like GameStop, AMC, and Reddit. In its first week on the Nasdaq, Trump Media was considered one of the most expensive stocks to short-sell, according to S3 Partners. Short-sellers are traders who bet that stocks will fall by borrowing shares and selling them high with the belief that they can be repurchased later at a lower cost. The Trump Media stock bubble was short-lived. The company’s stock began its free fall last week after it disclosed a loss from operations of almost $16 million in 2023, plus interest expense of $39.4 million, while bringing in just $4.1 million in revenue. That’s compared with a loss from operations of $23.2 million, plus interest expense of $2 million, on $1.5 million in revenue in 2022. In a regulatory filing, Trump Media said it “lacks the financial resources it needs to sustain operations for a reasonable period of time,” raising “substantial doubt” as to its ability to continue operations. The company said it expects to continue incurring operating losses and negative cash flow “for the foreseeable future.” Bingo T Dog and Goober 1 1 Quote Link to comment Share on other sites More sharing options...
Popular Post Stable Genius Posted April 11 Popular Post Share Posted April 11 JKane, Goober, Marc in Calif and 2 others 1 4 Quote Link to comment Share on other sites More sharing options...
Marc in Calif Posted April 11 Share Posted April 11 On 4/3/2024 at 5:21 AM, EmmetK said: I bought it at 38 when it was Digital World. I'm still up over 40%. Thank you President Trump And today... Thank you yet again, President Drumpf! 32.79 -1.47 (-4.29%) Bingo T Dog 1 Quote Link to comment Share on other sites More sharing options...
Goober Posted April 11 Share Posted April 11 DJT stock closed at $32.41 today (down another 5.40%). Can someone MAGA-splain why his MAGAt cultists are letting his stock tank? Why aren't they bumping up the stock? He really needs their money. Do they really believe everything he touches dies? Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
KeepItReal Posted April 12 Share Posted April 12 6 hours ago, Marc in Calif said: And today... Thank you yet again, President Drumpf! 32.79 -1.47 (-4.29%) I may have a new hobby! (Well, that is until the whole thing comes crashing down and the SEC halts trading!) Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Marc in Calif Posted April 12 Share Posted April 12 2 hours ago, Goober said: Can someone MAGA-splain why his MAGAt cultists are letting his stock tank? Why aren't they bumping up the stock? Because they realize that he's a fraud and scammer. Expect them to be invisible now -- like our resident sad clown, Emmet Kelly. 🤡 Yet they STILL like to celebrate every one of his tiny successes as if he were on top of the world rather than behind the eight ball. 🎱 Bingo T Dog 1 Quote Link to comment Share on other sites More sharing options...
Members Pete1111 Posted April 12 Members Share Posted April 12 ...or is it the perfect washing machine? Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 13 Share Posted April 13 Marc in Calif and Pete1111 1 1 Quote Link to comment Share on other sites More sharing options...
Goober Posted April 13 Share Posted April 13 On 4/3/2024 at 8:21 AM, EmmetK said: WRONG AGAIN (Rafah deja vu? lol) I bought it at 38 when it was Digital World. I'm still up over 40%. Thank you President Trump and CEO Devin Nunes. Could you explain your "buy high, sell low" investment strategy? Stable Genius, Marc in Calif and Bingo T Dog 3 Quote Link to comment Share on other sites More sharing options...
reader Posted April 15 Share Posted April 15 From CNBC Trump Media shares plunge after company files to issue additional DJT stock plunged more than 17% in premarket trading Monday after the company filed to issue millions of additional shares of stock. Trump Media’s dramatic slide came as Donald Trump headed to a Manhattan court to begin jury selection for his criminal trial on hush money-related charges. Trump is the majority stakeholder in the company. Trump Media, which created the Truth Social app and trades under the stock ticker DJT on the Nasdaq, fell nearly 20% last week. Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 15 Share Posted April 15 Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
KeepItReal Posted April 15 Share Posted April 15 The truth is coming for Truth Social's shareholders! Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Marc in Calif Posted April 15 Share Posted April 15 1 hour ago, Stable Genius said: An unfortunate typo in the caption. Otherwise it's gold! Quote Link to comment Share on other sites More sharing options...
Goober Posted April 15 Share Posted April 15 On 4/2/2024 at 6:47 PM, EmmetK said: You should probably start reading the Wall Street Journal. Maybe you can learn something... DJT stock is down another 16.11% today as of 10:57 am. Some investors could lose everything: Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Members lookin Posted April 15 Members Share Posted April 15 In addition to today's dilution, there's at least one other shoe ready to drop, and that's when Trump receives an additional 36 million shares. It's part of his original deal and all he has to do is keep the stock price above $17.50 for twenty of any thirty days during a ninety day period that started on March 25th. Don't ask me who came up with that bogey, but it's one that Trump is likely to hit by the end of April. I'm not sure if today's announcement has anything to do with Trump's extra 36 million shares. But it does help me understand why Trump is keeping his pie hole shut about Trump Media and DJT stock. I'm sure he wants to avoid any focus on the extra 36 million shares until they're safely in his pocket. It's so unlike Trump to keep quiet about anything. At first I thought he'd dummy up until he'd found somebody to blame for the lousy performance of yet another Trump 'business'. Based on his past performance, I'd be surprised if he doesn't already have somebody(s) in mind to take the blame. My guess is he'll stay quiet until he's got the additional 36 million shares. And then we'll hear that he's been running a 'perfect' business worth at least ten billion dollars and that somebody is out to get him and the stock is a bargain anywhere under a hundred bucks. Bingo T Dog, Marc in Calif and Latbear4blk 3 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 15 Share Posted April 15 So their response to plunging stock value is to dump a fresh pile of common shares into the mix? God, these people suck at this. https://www.cnbc.com/2024/04/15/trump-media-shares-plunge-after-company-files-to-issue-additional-djt-stock.html Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Marc in Calif Posted April 16 Share Posted April 16 On 4/3/2024 at 5:21 AM, EmmetK said: I bought it at 38 Thank you President Trump and CEO Devin Nunes. Trump’s stock tumbles again after Truth Social announces it’s getting into streaming Tue April 16, 2024 Shares of TMTG (DJT) tumbled 11% Tuesday after closing 18% lower Monday. Driving the stock lower Tuesday: The company’s premier product, Truth Social, announced a major expansion into streaming, a notoriously cost-intensive business in which media behemoths like Disney have struggled to turn a profit. TMTG’s stock, majority-owned by former President Donald Trump, is down 70% from the all-time high it set on March 26, the day after it merged with a blank-check acquisition company to go public. Bingo T Dog 1 Quote Link to comment Share on other sites More sharing options...
Bingo T Dog Posted April 16 Share Posted April 16 While the Dystopian-in-Chief snoozes in court, the downward spiral of DJT stock buries the MAGA cult in investment losses. Every share they’ve bought since the IPO is now substantially in the red. It’s said that “gas prices” and “inflation” are “pocketbook issues” that motivate voters. It will be interesting to observe how MAGA folks getting their pocketbooks picked by this blatant con influences any voters come November — just weeks after the full force of the unlock buries DJT in single digits. Marc in Calif 1 Quote Link to comment Share on other sites More sharing options...
Stable Genius Posted April 16 Share Posted April 16 Shares of Truth Social, the presidential candidate’s social-media upstart, have fallen more than 65% from their recent peak. The money-losing company was worth roughly $9 billion shortly after it started trading late last month. The company’s shares have tumbled so far this week, ending the session Tuesday down 14% at $22.84, giving it a market value of about $3.1 billion. Above from WallStreet Journal 16APRIL24 KeepItReal, Goober and Bingo T Dog 3 Quote Link to comment Share on other sites More sharing options...
