Posted on 04/12/2024 9:28:06 AM PDT by Reno89519
Do not wait. These storm clouds are not going to dissipate.
...[D]estructive issues:
Insider infighting over stockholdings
Competing insider shareholder lawsuits
First insiders now wanting to sell
Feeble responses by Trump Media CEO Nunes in interview by Fox Business News
Still-open new million-share spigot from the convertible securities and contracts that are converting
Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.)
...
Beat the coming sellers to the exit. This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse.
...
(Excerpt) Read more at forbes.com ...
Gamestop didn’t get crushed ... the shorts did ...
The account is till racking up interest even faster now because of the late (or no) payment of the revolving balance.
I don't like the use of regulatory agencies to issue diktats like this, but it is really like putting a band-aid on a gushing wound.
-PJ
-PJ
-PJ
I don't think so. I see a similarity in it.
With Trump, his enemies are trying to bankrupt the stock because they hate Trump.
With Gamestop, the Reddits were gleefully trying to bankrupt the hedge funds that they thought were predatorially shorting stocks like Gamestop.
IIRC, the big hedge funds were accused shorting troubled stocks and then talking down those companies in the financial media, and then buying back the shorts when the stock price eventually collapsed. Apparently, this angered the subreddit readers and they finally had enough when the hedge funds turned their sights on Gamestop.
So, in both cases we had a set of investors who used their stock purchasing powers to take out a set of others that they disliked. In one corner was billionaire Donald Trump, and in the other corner were liberal billionaire hedge fund owners.
-PJ
Imagine going into their homes, droppinig your trousers and taking a dump on their living room floor.
That’s what they do to Jim here on a regular basis.
They have zero respect for private property and are not conservative in the slightest.
The relevant material on this site is around 9-1 anti Trump, anti-MAGA which includes all of the anti-American garbage.
It’s mostly unreadable and yet MAGA is on the cusp of potentially holding all three branches of government.
Yep… if only we had an impartial justice system… but if that was the case the 2020 election wouldn’t have been rigged…we need a reckoning with the psychopaths who have destroyed our Republic.
The market doesn’t care. Regardless of the reasons, the market is going to drive TS down to penny stock values before this is all over. I bought TS at a little over $53, so this hasn’t been enjoyable in the least.
No and you don't want the market to "care" - (that would almost certainly mean corrupt gov't and politics are running the show as they are in almost everything else).
Buying any single stock is a big risk.
Next time I have enough money to invest, I'll do what Malkiel says and go with an index fund.
Ever since Trump started Truth Social and the talks began to merge with DWAC, the media has talked down the company non-stop. There is an organized effort to short the stock and every financial news site including the WSJ has published frequent negative articles regarding both DWAC and Truth Social and now Trump Media & Technology Group Corp (DJT). There actually may be laws being broken in their organized efforts.
“””and be sure they are not marginable. that’s what allows the brokerages to lend them out.”””
Thanks for the reminder. My DJT stocks are held in a non-margin account.
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