DJT stock hits turbulence: More volatility ahead for Trump's high-flying Truth Social

[SouthernDem4ever]

from USAToday:

They say the bigger they come, the harder they fall. That reckoning always comes eventually for meme stocks -- and Trump Media & Technology Group appears to be no exception. Donald Trump’s namesake social media company burst out of the gate on its first day of trading Tuesday, opening at $70.90 and soaring as high as $79.38 as Trump fans and opportunistic traders bought up shares. But the price faded late in the session and has bounced along at lower levels ever since, ending Thursday down $4.26 at $61.96.

Its market valuation, just over $8 billion, is still stunning for a social media fledgling with an unproven business model that has struggled to attract users and advertisers, burned through cash and wracked up losses.

more at:
https://www.usatoday.com/story/money/2024/03/28/truth-social-trump-media-slide/73131957007/

Another scam from the Orange Buffoon. The stock market is full of suckers.

[Traildogbob]

1. Was interesting

Watching Alex interview a stock whisperer earlier. He said a lot of the stock buyers are trump supporters that worship the Don and want to get in early.
There could not be a more satisfying outcome, when he short sell's, takes the cash and runs, leaving his cult dead broke.
They were warned. Lets Go Brandon!

[Arthur_Frain]

2. Totally disinterested observer here.

Probably could have churned bucks deluxe if I was so inclined. Too nauseous at the thought of losing money to do so.

This seems so obviously a money laundering scheme. Am I missing something? How is this legal?

[SouthernDem4ever]

3. I am hoping it dumps out waaay before he gets to cash in.

[Traildogbob]

4. Me too

The interviewee was way too giddy for me, in the value of the stock so quickly. Trump broke and alone is the only acceptable outcome of his life of thievery.
But to crash his ignorant cult with him…..sweeeeet.

[OAITW r.2.0]

5. A prime stock to short, if you have the capital to make the calls.....

Or maybe a consortium of interested investors form to play Trump's attempt to make an easy $3BB dollars,

[Gore1FL]

6. The fish is going to stop flopping at some point. While it's flopping, it's best to stay away from it.

It's daily highs and lows are going to be in a downward direction over time. It's still a meme stock. Its lkely going to be volitile. It will not be predictable on any given day. No one knows how long that might last before it settles into a penny stock.

There are better investments.

[mopinko]

7. meme stocks.

ok, i think i know what that means, but not sure. can u define?

[Gore1FL]

11. Basically, It's value is based on arbitrary popularity and not the underlying actual value.

Because of that, it's unpredictable. It's like buying an NFT. Presumaby at some point, it's value will better reflect what the price should really be, but right now it's a cabbage patch/beanie baby/tickle-me-elmo stock.

[mopinko]

13. got it. ty

[Celerity]

8. Guru Fundamental Report for DJT

https://www.nasdaq.com/articles/guru-fundamental-report-for-djt

Below is Validea's guru fundamental report for TRUMP MEDIA & TECHNOLOGY GROUP CORP (DJT). Of the 22 guru strategies we follow, DJT rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundamentals and strong price performance.

TRUMP MEDIA & TECHNOLOGY GROUP CORP (DJT) is a mid-cap growth stock in the Broadcasting & Cable TV industry. The rating using this strategy is 45% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.

The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.

[Vinca]

9. The whole thing seems like a money laundering, pump and dump scheme.

[mopinko]

14. and a way to funnel money from the fundies,

expect them to pop up in mega churches everywhere.

[ProudMNDemocrat]

10. The problem is that TRUTH SOCIAL has no solid foundation.

No actual product. No assets or solid reputation to speak of say like an IBM, Walmart, Best Buy, etc. No actual product. Unlike Facebook, who has a value in the BILLIONS with advertisers, Truth Social is just a name. The bottom is going to collapse sooner than later. Anyone invested in this scam will lose millions and the stock will be worthless.

Owning 60% of NOTHING is still NOTHING.

[Happy Hoosier]

12. It's a meme stock with no basis to its valuation....

People bought it hoping to ride the ride the opening surge to a high, then dump it and make a huge margin. I think lots of the meme stock traders are trying to find the top right now. The drop yesterday indciates a big chunk of them think it's there, they took their profit and left. The Johnny-come-latelys want more upside before selling.

I think one of two things will happen now.... either it will collapse... probably to below it's initial price, or it will fade slowly, as people realize it ain't going to have a huge up again. We might get some thrash of rallies and crashes as traders try to eek out a little more profit.

The stock is RIDICULOUSLY overvalued.... Truth socila ahas few users, and fewer advertisers. It loses money like Trump loses brain cells.

[LetMyPeopleVote]

15. For this thread