Posted on 09/24/2024 7:12:39 AM PDT by Eleutheria5
I bought my first ETFs of DJT (the flag ship corporation of Truth Social) months ago at over $30.00. Despite Trump's rise in the polls, two assassination attempts, and loads of revelations about his new opponent's shortcomings, the stock price has slid from that high to $11.75, and each time it slid more, I doubled down and bought more at the cheaper price, which is bogging down my limited portfolio. Now it's finally going up, and at the start of business today rose by about 75 cents and is still rising.
One possible explanation is that some rich, powerful person is deliberately shorting the security. And there's a regular rogue's gallery of rich Trump haters who might do so.
Fortunately, we have some history to teach us a course of action. About a year or so ago, fat cats had decided to short a popular sporting goods store out of existence, and small-time investors on the Robin Hood platform put a stop to it, by consistently buying en masse the stock, forcing the price up. Their rebellion was duly punished, and Robin Hood put a stop to their uppitiness.
But the lesson remains learned, and I propose we do so for our fearless leader's flagship stock as well. It's still at 12.53 a share or thereabouts, climbing up from a low of 11.75 this morning. So those of you who have money to invest, buy some DJT stock now, while it's still cheap. If enough people do so, it will drive the price up even further.
Full disclosure. You'll also be bailing my stagnating margin out of the doldrums in a big way, giving me liquidity to venture on more investments, and grow my wealth, such as it is.
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When Trump wins in November DJT will jump up quite a bit.
IMO buying it at anything under $20 is a good buy.
Is it making any money yet?
Would it be a hoot if Musk announced his intention to buy the company and give the short selling Blackrock stooges a good bleeding?
-- Gordon Gecko.
No. Hardly unusual for a startup company, though.
Too late. Over this, I’m all in.
If he’s elected, he’ll have to divest himself of direct ownership and management. This might cause a big dip. Buy the dip. But right now, we are emerging from a dip, which is how we know it’s a dip and not a collapse.
“and at the start of business today rose by about 75 cents and is still rising.”
At the start it was flat, dipping before a spike up. Now up 0.45.
Musk can’t buy everything. He’ll end up overleveraged.
I’m looking at an ETF chart, which is where I do my trading on this and other commodities and securities. So the actual stock might look different for a while, but they are closely related.
No he won’t
I hope not. But the Dems, being even worse losers than they are when they win, will probably make trouble, like they did about diplomatic guests staying at his hotel in DC.
“I’m looking at an ETF chart, which is where I do my trading on this and other commodities and securities. So the actual stock might look different for a while, but they are closely related.”
I don’t understand. Can you explain?
Technically I don’t think he does. It is standard practice to do it but I don’t think legally required. Since he does not face reelection in 2028, might just say no.
the insiders were allowed to sell last friday, and if you look at the volume, it’s typically at 8 millions everyday during regular hours, but for the past couple days, someone has been unloading 10 million shares at open.
might be one of those insiders, or whomever, not my problem, i got out when i made money, i may jump back in as election gets closer.
$spy has been making much more money for me this year.
I got an on-line platform, FXMeridian, on which ETFs of commodities, indexes and certain stocks are sold. And that’s the chart that I use. It doesn’t directly follow the security, but the projected path of the security. Sort of like a futures contract without redemption date, large premium, or unlimited liability. So it’s fun. I make some money at it. But can only lose what’s invested. They have investment counselors, but sometimes their recommendations are dead wrong.
Also crypto, I forgot to mention.
The Dems will make loud, shrill noises, until he divests. So he’ll divest just to shut them up. Then they’ll make loud, shrill noises about something else, and hopefully he’ll put his foot down about the BS then. At some point, you’ve got to let the toddler scream until he’s worn out.
P
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