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The DJT stock

Evidently it lost 30% today. MAGAs are saying this is a standard market correction for an newly released IPO. Is this true, or will it simply continue drop off a cliff over the next two days?

I don't trade stock and can't make sense of how these things work.

by Anonymousreply 18April 2, 2024 1:14 PM

No one would buy this. It’s going to be a penny stock. Btw, did he get the money he needs for appeal or is he going to fuck it up again?

by Anonymousreply 1April 1, 2024 11:07 PM

Oh look another Trump thread.

by Anonymousreply 2April 1, 2024 11:09 PM

R1, yeah...when's the deadline for that, anyway? Ten days? Ten business days?

by Anonymousreply 3April 1, 2024 11:09 PM

Oh, look, R2 survived Easter.

by Anonymousreply 4April 1, 2024 11:10 PM

[quote]this is a standard market correction for an newly released IPO. Is this true

Yes, it is true - for a wildly over-valued stock whose valued was massively inflated at the time of the IPO.

by Anonymousreply 5April 1, 2024 11:10 PM

EOB Thursday

by Anonymousreply 6April 1, 2024 11:18 PM

No R1, he didn’t get the money yet. He can’t sell stock until 6 months after the launch and only with agreement from the board. (The board consists of family and MAGA loons so that’s not going to be a problem in 6 months). Hopefully the stock is worth nothing by then.

by Anonymousreply 7April 1, 2024 11:18 PM

This stock will ping pong up and down for a while until it finally drops off a cliff. How long that will take, it's hard to say. It's a meme stock and those are unpredictable. There's no real value.

by Anonymousreply 8April 1, 2024 11:26 PM

R6, is that when the bond is due?

by Anonymousreply 9April 2, 2024 12:29 AM

Trump made the bond so the deadline is immaterial, but yes, it was Thursday.

Frankly, I'm surprised he made bond. I thought he was going to hold out for Tish James to start seizing assets so he could whine to the MAGAts claiming unfair treatment (and he's right, it hasn't been fair... to everyone who believes in the rule of law, obeys the law, and suffers the consequences if they don't unless their name ends in "rump"). I guess there's something in those assets that he didn't want anybody to find.

by Anonymousreply 10April 2, 2024 1:27 AM

Oh look. Another Trump thread.

by Anonymousreply 11April 2, 2024 2:41 AM

Oh look. R11's mom's glistening cunt.

Offsite Link
by Anonymousreply 12April 2, 2024 4:01 AM

Angry Old White Men are buying the stock to support their lying, cheating, misogynistic, xenophobic, homophobic, racist, rapist hero.

by Anonymousreply 13April 2, 2024 5:36 AM

I saw a stock market analyst speaking about Truth Social stocks on PBS the other day and he said that stock in social media companies is only worth what someone is willing to pay for it. He predicted it would drop substantially. Basically the worth of this stock is exactly what R13 says.

by Anonymousreply 14April 2, 2024 6:00 AM

How soon we have all forgotten that Elon Musk bought Twitter for a massively overinflated value, and then quickly tried to back out of it after the ink was dry. (Too bad for him). Then he had a fire sale, thinking that that would bring it into profitability. And THAT was a long-established company. Truth Social is not profitable now and I doubt it ever will be.

by Anonymousreply 15April 2, 2024 8:30 AM

R13 let's put to rest the racist and misandrist idea that only white men support Trump.

by Anonymousreply 16April 2, 2024 8:52 AM

He’ll just sue the business partners for the full billions expected, saying the stock was rigged.

by Anonymousreply 17April 2, 2024 8:53 AM

Most IPOs go up for the first few days and then drop back to a more realistic level. Not sure what a realistic level for Trump stock might be, but you might need a microscope to see the number.

by Anonymousreply 18April 2, 2024 1:14 PM
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