Posted on 04/12/2024 9:28:06 AM PDT by Reno89519
“as it goes down. Start buying.”
Exactly the plan!
Honest debate is a good thing. Debate with disingenuous liars or fools is a waste of time and energy.
as it stands right now, i would not recommend until it hits the bottom. also, buying this stock does not help president trump! remember that, to help president trump, give your money directly to him via donations, his bibles, and yes even rnc now that he has control of it.
When the founders and insiders are suing each other to drop the 6 month lock up in order to sell their shares, you know you’ve got a big fat dumpster fire.
Like a slow motion waterfall. Someone is carefully unwinding their position while trying not to accelerate the crash. A fine art some folks on Wall Street get paid very well to do.
Let’s be realistic: the stock has dropped to about half its initial price so far, and there isn’t any fundamental reason why it would go up instead of continuing to decline. Multiple rational estimates put this stock’s firm foundation value at well under 10 dollars a share, closer to 2-3 dollars per share, and we should see the stock’s price regress to this rational estimate.
So who should be worried -— someone who bought this thing at $70 or $50 or $40, or someone banking on the stock going down?
The company has $200M in the bank, if the market cap matched that each share would be worth about $7. Except the $200M are actively being spent at over $50M a year and the company has no growth and no intellectual property to sell if it goes out of business (it’s a redesign of the open source project Mastodon).
am glad i got in at around $17 last year, sold 75% at $50. will buy more at around $20 depending
“””squeeze ‘em!””
Yup. I put in a limit order to sell my DJT at a price of $777.99. When the broker has an open sell order on a stock, the broker cannot loan the stock to a short seller.
You don’t know what you’re talking about on a number of levels. First of all, the Bible deal is a licensing agreement, so Trump gets no money selling a Bibles it’s a fixed amount. Secondly no one is unwinding their position. You really shouldn’t opine when you have no idea what you’re talking about. The enemy of the people is shorting this stock while we wait on the business plan to be divulged. Third, people buying fears in this company does benefit Trump as it makes the share price go up eventually and keep benefits from that
Truth.
“You really shouldn’t opine when you have no idea what you’re talking about.”
hey i didn’t kick your dog. i only know i made a lot of money thanks to president trump.
people who are shorting this stock is making a mistake.
and be sure they are not marginable. that’s what allows the brokerages to lend them out.
And Forbes, and stock info, about as good as winning lottery ticket numbers, but the piled on bad news about Truth Social is still valid regardless of the messenger.
I'm glad I no longer owned the stock, I think anyone that has it now had to presume it is like casino gambling, just plan on losing most of it.
And for the idiots worried about Trump, this is a discussion about Truth Social, which I've been negative about since they failed upon going live, put Nunes in charge of an IT company without experience (hey, recall the 90s if you're old enough), and then recently failed again spectacularly with Trump's attempted real-time commentary on the State of the Union. Bad company, bad leadership, bad tech, bad delivery. Too typical of some software companies. (And, yeah, I've got 40 years in IT so have seen it all.)
And what about the playing cards? With a cut from one of his suits if I recall correctly. And there have been others.
Seems he is personally competing against his parallel needs for campaign money, maybe legal money as well.
Didn't that just happen in 2021 when on-line Reddit trader Keith Gill encouraged readers to "short squeeze" the Gamestop stock in order to run up the price and force hedgers to sell in a panic?
The SEC investigated Gill and concluded that he did not manipulate the market.
-PJ
It might be - if we didn’t have a court system that is cheering Forbes on.
“and force hedgers to sell in a panic?”
buy in panic?
Smart I just sold mine today took a hit now waiting to see what Nunes does to recover.
Yes, thanks for correcting me.
I always get that backwards with shorts.
-PJ
There are actually several dozen. Disheartening.
Buy low, sell high
Doing the opposite costs money
Keith Gill is NOT a financial publication
Details... details...
Forbes magazine is niche now, it's digital site (that hosted this article) reaches 8 times more readers than its print magazine.
As digital sites, the subreddit WallStreetBets (4.5 million readers where Gill posted) was the biggest call to crush a business in years by boosting the Gamestop stock.
-PJ
Gill looked at the fundamentals of GME and implored people to BUY based on those fundamentals. Like any good shareholder (not a journalist), Gill was doing DD and sharing it with his very small audience. WSB ended up growing as attention was focused on what was happening with GME.
To compare a shareholder that bought and painted the picture of what others should, compared to some fake rag that gets paid by DJT’s enemies to short the stock, is quite narrow minded.
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