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Most Over-Valued Company is History

Bizarrely, TM shares are up to $19 today.

Small volume, but there are clearly more buyers than sellers. Already dropping, and I'll be interested to see how long that goes on for.
 
The Atheist said:
Bizarrely, TM shares are up to $19 today.

Small volume, but there are clearly more buyers than sellers. Already dropping, and I'll be interested to see how long that goes on for.
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Trump announced he had no (current) intention of selling. Duh. And grass is green.

I've been expecting this. He's running for Pres. The PR from selling would be horrible not to mention the collapse of the stock price if he sold, well, pretty much any shares. And the value of DJT stock, to the extent it will actually have any, depends on the Donald getting elected. If he loses, DJT is toast. The only upside in terms of being able to sell any significant fraction of the shares he owns is if he wins.

As for the trading market, it's currently very expensive to borrow shares to sell short. They have an APR that's well over 20% IIRC. Should be cheaper to short once the lockup expires and opens up another 10M or so shares. Those holders (who aren't really DJT fans) might find it more profitable to lend the shares for a high APR than sell them at market which would crater the price even more.
 
And it's already lost half the gain.

Floor still well and truly in sight.

I can't wait to see what the price in come November 6 USA time.
 
a_unique_person said:
Current, as in, this particular minute. If like to see the odds on him putting his shares up for sale the minute he can. Trump is not a rational human being.
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Dumping the shares asap is a rational choice from his perspective. They're hugely overvalued, and Trump screwing his investors is the sort of thing that happens on days that end in Y.
 
Trump anounces on "X". So long Trump Social.


https://apnews.com/article/trump-cr...rty-election-2ffdcd21f3384f073664d5cda683c8e0




WASHINGTON (AP) — Former President Donald Trump plans to deliver remarks next Monday about cryptocurrency and the launch of the company World Liberty Financial, a crypto platform controlled by the Republican nominee’s sons Donald Jr. and Eric.
His speech will come 50 days before Election Day, an extraordinary use of dwindling campaign time to promote a personal business. The Republican former president has long mixed his political and business interests and marketed sneakers, photo books and Trump-branded Bibles during his 2024 campaign.
“We’re embracing the future with crypto and leaving the slow and outdated big banks behind,” Trump said in a video posted Thursday to X, the social media site that will also host his address on the subject at 8 p.m. EDT on Monday from his Mar-a-Lago home.
As part of his presidential campaign, Trump has pledged to turn the United States into the “crypto capital of the planet,” raising red flags that he could use the federal government to help support a business tied to his family.
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i would hope people involved in crypto would know a scammer when they see one by now
 
Hmmm, advertising a product I do not trust from people I do not trust on a platform I do not trust. Let me think about that...
 
Back to $17 after yesterday's wee spike - it looks like the floor is set at $17 on normal trading, and once that's breached, the next stop is $0.

Going by sales it looks to me like anything more than 1 million shares would crush the market, so Trump's 120 million of them have zero value.

I hope the clowns who bought them at $30 remember who caused their loss.
 
The Atheist said:
Back to $17 after yesterday's wee spike - it looks like the floor is set at $17 on normal trading, and once that's breached, the next stop is $0.

Going by sales it looks to me like anything more than 1 million shares would crush the market, so Trump's 120 million of them have zero value.

I hope the clowns who bought them at $30 remember who caused their loss.
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Depends on whether the sale is on the open market, which would crash the value, or by private treaty, which would allow someone in effect to give President Trump money.
 
Trump actually posted on Xitter last night/today.

Also, at the X Spaces launch he didn't really mention the new crypto business, according to AP, he kept changing the subject in his usual rambling way.
 
The Don said:
Depends on whether the sale is on the open market, which would crash the value, or by private treaty, which would allow someone in effect to give President Trump money.
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Nobody with that much money is that stupid.
 
I see the $17 mark has been broken today, down to $16.66.

I'll give it $15 by the end of the week.
 
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