tashoya
Blue & Gray (over 10,000 posts)
Posts: 12,319
|
Post by tashoya on Apr 15, 2024 9:57:35 GMT -5
Suckers and morons. Small-time investors in Trump’s Truth Social reckon with stock collapse Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more. “I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.” For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT. www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/Dollar cost averaging gone wrong. At least he didn't open a margin account, I guess.
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 15, 2024 10:13:52 GMT -5
Suckers and morons. Small-time investors in Trump’s Truth Social reckon with stock collapse Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more. “I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.” For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT. www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/Dollar cost averaging gone wrong. At least he didn't open a margin account, I guess. Plummeting today. $26.958 -5.632 (-17.28%) Bid: $26.91 x 70 Ask: $26.98 x 1 Volume: 4,068,149 APR 15, 2024 11:12 AM ET The same morons and suckers that give to televangelists. I have zero sympathy for people this stupid.
|
|
hoyajinx
Golden Hoya (over 1000 posts)
Posts: 2,341
Member is Online
|
Post by hoyajinx on Apr 15, 2024 10:32:46 GMT -5
Suckers and morons. Small-time investors in Trump’s Truth Social reckon with stock collapse Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said. That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more. “I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.” For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT. www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/Dollar cost averaging gone wrong. At least he didn't open a margin account, I guess. Dropped another 10% today after approving more millions more shares. It’s hurting for cash so it’s forced to dilute shareholders current value. But I guess since the stock is pretty much worthless and these guys will ride it all the way down, it won’t matter. No matter the denominator, 0 as the numerator just ends up as a fat 0.
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 15, 2024 14:19:25 GMT -5
|
|
hoyarooter
Blue & Gray (over 10,000 posts)
Posts: 10,199
|
Post by hoyarooter on Apr 15, 2024 19:45:44 GMT -5
I fervently hope this proves to be true, and we don't get a new and unimproved version called "I Fought the Law and I Won", which we will get even with an 11-1 hung jury. I'M VINDICATED.
|
|
tashoya
Blue & Gray (over 10,000 posts)
Posts: 12,319
|
Post by tashoya on Apr 15, 2024 19:53:40 GMT -5
Dollar cost averaging gone wrong. At least he didn't open a margin account, I guess. Dropped another 10% today after approving more millions more shares. It’s hurting for cash so it’s forced to dilute shareholders current value. But I guess since the stock is pretty much worthless and these guys will ride it all the way down, it won’t matter. No matter the denominator, 0 as the numerator just ends up as a fat 0. I'm sure there will be a short squeeze in the next day or so but, as you stated, it'll settle back down. If I were still trading for a living, I'd be all over that thing.
|
|
DanMcQ
Moderator
Posts: 30,521
Member is Online
|
Post by DanMcQ on Apr 15, 2024 22:57:43 GMT -5
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 16, 2024 7:06:43 GMT -5
NEW YORK (AP) — The stock price for Donald Trump’s social media company slid again Monday, pushing it more than 66% below its peak set late last month. Trump Media & Technology Group closed down 18.4% at $26.61 as more of the euphoria that surrounded the stock fades. It’s a sharp comedown since nearing $80 after the owner of Truth Social merged with a shell company to get its stock trading on the Nasdaq under the symbol “DJT,” for Trump’s initials. apnews.com/article/donald-trump-media-truth-social-902dc0a6827b2358564976efa7b6b8d2
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 16, 2024 16:01:37 GMT -5
Trump Media & Technology Group Corp NASDAQ: DJT
22.84 USD −3.77 (14.17%)today Closed: Apr 16, 4:53 PM EDT
|
|
hoyajinx
Golden Hoya (over 1000 posts)
Posts: 2,341
Member is Online
|
Post by hoyajinx on Apr 16, 2024 16:09:02 GMT -5
Trump Media & Technology Group Corp NASDAQ: DJT 22.84 USD −3.77 (14.17%)today Closed: Apr 16, 4:53 PM EDT Still overvalued by about 22.82.
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 16, 2024 16:20:46 GMT -5
New York CNN — Investors in Trump Media & Technology Group’s stock are throwing in the towel. Shares of TMTG (DJT) tumbled 14% 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. www.cnn.com/2024/04/16/investing/trump-stock-djt-truth-social-streaming/index.html
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 16, 2024 17:04:34 GMT -5
|
|
DanMcQ
Moderator
Posts: 30,521
Member is Online
|
Post by DanMcQ on Apr 16, 2024 17:48:06 GMT -5
|
|
tashoya
Blue & Gray (over 10,000 posts)
Posts: 12,319
|
Post by tashoya on Apr 16, 2024 18:44:35 GMT -5
Lock him up.
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 17, 2024 8:28:31 GMT -5
Poor widdle Grifter. Really fun watching the POS sit through his criminal trial under stress like a petulant child in a time out. “He’s a New Yorker to his bones,” said Tim O’Brien, a senior executive editor of Bloomberg Opinion and a Trump biographer who is critical of the former president. “He’s an outer-borough New Yorker who loves New York sports and New York money and New York media and New York institutions and the New York business brawl, and he wants for all of that to accept him. And now he’s getting rejected in the most blatant and strong-minded of ways — by his peers, by voters, by judges.” www.washingtonpost.com/politics/2024/04/17/trump-hush-money-new-york-manhattan-queens/
|
|
DanMcQ
Moderator
Posts: 30,521
Member is Online
|
Post by DanMcQ on Apr 18, 2024 9:21:05 GMT -5
|
|
DanMcQ
Moderator
Posts: 30,521
Member is Online
|
Post by DanMcQ on Apr 18, 2024 20:32:46 GMT -5
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 19, 2024 12:51:50 GMT -5
Man sets himself on fire in designated protest area outside of the Manhattan courthouse after jury and alternates are sworn in. Cultist?? Unknown at this time. EDIT: Sounds like an EDP. Full jury selected in Trump hush money trial A witness who was in the park when a man lit himself on fire said he saw him pour liquid over his head before using what looked like a cigarette lighter to ignite the liquid. Before doing so, he threw a pile of papers into the air. The witness, Dave, who asked to be identified by his first name only, was visibly shaken and said it “took police quite a while to get here, and he was on fire.” Julie Berman, 56, a Manhattan resident who came to the plaza near the courthouse to photograph protesters, saw the man set himself on fire. He had a sign saying something about Trump and Biden working together to orchestrate a “coup,” she said, and another one alleging some kind of “Ponzi scheme.” She said he told her to get back, then doused himself with liquid, threw some fliers in the air and doused himself again before flicking a lighter and lighting himself on fire. www.washingtonpost.com/politics/2024/04/19/trump-hush-money-trial-live-updates/
|
|
DanMcQ
Moderator
Posts: 30,521
Member is Online
|
Post by DanMcQ on Apr 19, 2024 18:59:53 GMT -5
|
|
SSHoya
Blue & Gray (over 10,000 posts)
"Forget it Jake, it's Chinatown."
Posts: 18,272
|
Post by SSHoya on Apr 20, 2024 2:15:49 GMT -5
|
|