Galt's Gulch
10

DJT (Trump Media & Technology) trades up 40% during first hours of trading—but is it a candidate for dilution?

Posted by bubah1mau 8 months, 4 weeks ago to Business
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One way for Trump fans to express their enthusiasm for the former president, possibly profit, but will Trump see this as a cash cow to fund his lawfare problems?
SOURCE URL: https://finance.yahoo.com/quote/DJT?.tsrc=fin-srch

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  • Posted by $ Abaco 8 months, 4 weeks ago
    They’ll try to hammer this the same way they did Tesla stock. Probably reports of a toxic work environment rife with sexual harassment, data breaches, false negative accounting reports…all of these will be on the table.
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    • Posted by CaptainKirk 8 months, 4 weeks ago
      Good luck. The magic of the price is the FLOAT. WIth all of the restricted shares. It's hard to borrow.
      Making it both hard to short, and RISKY.

      NEXT, for anyone who OWNS the stock. Place a GTC Sell order on your stock for an INSANE Price (100x) or whatever level you would not mind cashing out at.

      It does something "magical". It prevents the stock from being "borrowed" by someone shorting the stock. There is NO OTHER way to prevent your broker from loaning your stock out. (Outside of having the stock ISSUED in your name, and delivered to you), but that takes it out of the Brokers hands anyway.
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  • Posted by bubah1mau 8 months, 4 weeks ago
    Truth Social has not been a big moneymaker for Trump so far. But many will be watching to see how successfully Trump politics and Trump business can coexist in the same trading instrument. After all, leftists have been able to do this quite successfully with FB (now META) and GOOG (Alphabet)
    https://www.pbs.org/newshour/politics...
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    • Posted by Dobrien 8 months, 4 weeks ago
      Yes Trumps net worth increased $ 1,000,000,000
      Today and created $4.5 billion in three years . Not a big money maker. Lmao
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      • Posted by mccannon01 8 months, 4 weeks ago
        Careful here because the big jump in "net worth" is on paper only from speculation the company the stock represents will do well in the future. The real value to back up the speculation hasn't yet materialized.
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        • Posted by bubah1mau 8 months, 4 weeks ago
          i think I would be "careful" too. I'd like to see how this baby trades for a while before I jump in.
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          • Posted by mccannon01 8 months, 4 weeks ago
            Same. I wasn't in on the very beginning so I'll watch and wait, too. The concept of "Truth Social" is a good one, but for now this company trades on the charisma and popularity of one individual: Trump. It will take a little more solid financial evidence to prove the company can survive if Trump fades or goes away. If anyone reading this has fun speculating, then have at it.
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        • Posted by Dobrien 8 months, 3 weeks ago
          Well yes that 4.5 billion has not been turned into cash. But to claim that it has not been a money maker is ridiculous. So now do we have to see the fundamentals match the optimism before we can say DJT stock has value?.How about NVIDIA.? Its validation is also dramatically inflated. BTW this is after 2 years of the merger being blocked by govt. Am I saying this is a good stock to invest in , nope. That depends on a persons risk tolerance and their financial status. I have sold about Half my clients stock ,raking in significant profits. One couple was able to buy a brand new $35,000 car. I really find it laughable that This asset is only “paper value” to so many , who can’t even comprehend what $4.5 billion is.
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          • Posted by mccannon01 8 months, 3 weeks ago
            Over the years I've speculated and "invested". It's been interesting and a lot of fun (especially when making money as opposed to getting skinned). It is not uncommon for a popular hype to drive up the price of a stock when no corresponding rise in company value has occurred, which is what is happening here. Many stock prices are based on what a company will generate in the future, not what it's worth today. The thinking is eventually the value of the underlying company will increase in value in the future. No doubt Trump's net worth has increased over this affair and I am certainly not arguing against such an obvious point. With that said, if Trump decided to sell off his holdings the stock price will plummet because the underlying value won't support a high price.
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            • Posted by Dobrien 8 months, 3 weeks ago
              Trump selling off his holdings ,the share price would certainly tank the price. The purpose or objective of Trump , many investors thinQ is to build a media empire. Trumps “blue sky” and success in business has an intrinsic value. Th3 shares skyrocketing is also a result of naysayers who sold the stock short and are being sQueezed. The msm media is dead. From the ashes will rise the New media. Will the potential be realized , that’s the Trillion dollar Q uestion.
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              • Posted by mccannon01 8 months, 3 weeks ago
                I certainly hope Trump succeeds as well as the New Media. To paraphrase an old song by Joe South: May the MSMM that never means what it says and never says what it means fall from their ivory towers and be covered up with flowers in the back of a black limousine.
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