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Most Over-Valued Company is History

$15.62 biggest ever share price cratering.

I suddenly have the Limbo Rock going through my head. "How looowww can you gooooooo?"

Dropping a buck a day, it'll be gone by the end of the month.
It traded as low as $14.83 around 9:45AM this morning. At noon it rebounded some. But still under $15 @ share. $14.92. This is an awful stock that is totally dependent on Trump winning. Nate Silver a couple of weeks ago before the debate was predicting an electoral Trump landslide. That was the last time the stock increased in price very much.

Then the debate happened.
 
For whatever reason, my level of schadenfreude is off the charts with DJT’s struggles.

I'd like to say I feel sorry for the investors, but I don't.

I'm 100 percent convinced that this was as much a money laundering scheme as anything else. Just like the stupid trading cards. What kind of idiot buys that crap? It has no value and yet was sold at hundreds of dollars per card?
 
Didn't.

$14.73 $14.63 now.

Yep, and I don't expect it to get back over $15 any time soon.

Fairly high volumes today - some suckers are definitely thinking there's value in the $14 range. If they're stupid enough to support Trump, they're stupid enough to think that.

Tomorrow: $13.
 
Looks like all the original investors in the SPAC will be unlocked by the end of the day. And, of course, Trump.

If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.

However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

https://finance.yahoo.com/news/trump-media-shares-face-potential-183934219.html
Trump Media insiders could sell their shares as early as after the bell on Thursday if the stock ends the regular trading session at or above $12, according to a provision in the company's prospectus.

*While they are called "insiders" in the article, statutory insiders are one or more of these:

1. 10% or more owners.
2. Corporate Directors.
3. Corporate Executive Officers (CEO, CFO, etc)
 
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$15.62 biggest ever share price cratering.

Looks like all the original investors in the SPAC will be unlocked by the end of the day. And, of course, Trump.

If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.

However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

https://finance.yahoo.com/news/trump-media-shares-face-potential-183934219.html

*While they are called "insiders" in the article, statutory insiders are one or more of these:

1. 10% or more owners.
2. Corporate Directors.
3. Corporate Executive Officers (CEO, CFO, etc)

My bet is that Truth Social cofounders Andy Litinsky and Wes Moss will be selling their 8% almost immediately on Thursday. Those two basically did a lot of the work to create Truth Social and came up with the idea. Trump repaid them by trying to screw them out of their shares by diluting their stock to almost nothing. The Deleware court ruled in their favor so they get their full 8%. And those two are a couple of nobodies. Anything they get out of this will be a windfall.
 
My bet is that Truth Social cofounders Andy Litinsky and Wes Moss will be selling their 8% almost immediately on Thursday. Those two basically did a lot of the work to create Truth Social and came up with the idea. Trump repaid them by trying to screw them out of their shares by diluting their stock to almost nothing. The Deleware court ruled in their favor so they get their full 8%. And those two are a couple of nobodies. Anything they get out of this will be a windfall.

yup
 
If Trump sells, there will be a Form 4 on SEC's Edgar by next Wednesday. My guess: He won't because he doesn't want the adverse PR and there would be a lot of it. And he believes his brand value is maximized if he's POTUS. And his ego/narcissism demands it.

No question at all. He's the greatest, most genius businessman ever - why would he sell? They'll pass Berkshire Hathaway in value per share.

However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

It'll be a bloodbath if they do. After-market trades are now at $14-10, and while yesterday's turnover was high for TM shares, it was still only a lousy $7M, so even dumping a paltry million shares would tank them to single figures.
 
However, the others, who also have a very large number of unlocked shares, do not have to file anything*. And their original investment/share is pretty low so they might take the money and run while they can. I would if I was in their position. Since I don't see DJT as a viable company even if Trump wins the election.

No question at all. He's the greatest, most genius businessman ever - why would he sell? They'll pass Berkshire Hathaway in value per share.

It'll be a bloodbath if they do. After-market trades are now at $14-10, and while yesterday's turnover was high for TM shares, it was still only a lousy $7M, so even dumping a paltry million shares would tank them to single figures.

It's a damned if they try and sell and damned if they don't situation. The stock fell 92 cents or almost 6 percent in a single day on only 7 million dollars of trades. That means there aren't many buyers out there.

I must take back my earlier post. This has turned into a game of chicken. Andy Litinsky and Wes Moss have 8% (or 235 million dollars worth of stock at today's closing price.) While they and other insiders probably want to dump their shares immediately. But anyone. attempting to sell more than a small number of shares will tank the stock.

If 7 million dollars of stock trades cause the share price to tumble almost 6 percent, what affect does 28 million dollars of stock being offered for sale have? And that is 1 percent of market cap. Trump controls more than half of that market cap. But how does he stop other insiders from selling?
 
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If 7 million dollars of stock trades cause the share price to tumble almost 6 percent, what affect does 28 million dollars of stock being offered for sale have? And that is 1 percent of market cap. Trump controls more than half of that market cap. But how does he stop other insiders from selling?

Trump tried. He sued the large insiders to prevent expiration of the lockup. Trump lost. Gotta love it.
 
Trump tried. He sued the large insiders to prevent expiration of the lockup. Trump lost. Gotta love it.

If we count after hour trades, the stock fell 9 percent today. It will be interesting to see what the opening price will be tomorrow.
 
Stock closed at $13.55 today. Down 7.82 percent from yesterday's close.
 
Stock closed at $13.55 today. Down 7.82 percent from yesterday's close.

:dl:

Down 20% this week.

This is the funniest thing ever - financial genius Trump is costing his fans plenty.

If it doesn't scream past $10 next week I'll be very surprised.
 
In 2020 74,222,958 votes were cast for Trump...

And I'd be confident 70,000,000 of them have neither the wherewithal or money to buy shares, and the other 4,222,958 are already rich and don't buy sure loser stocks.
 
Dollar a day, dollar a day, it goes down a dollar every day!

This is hilarious - I'm surprised it's not getting more media coverage. It's going the opposite way to almost all the other shares on the market.
 
They were $51-60 the day I started this thread.

And they'll be under $12 tomorrow.
 
Dollar a day, dollar a day, it goes down a dollar every day!

This is hilarious - I'm surprised it's not getting more media coverage. It's going the opposite way to almost all the other shares on the market.

That looks about right. Fallen $1.17 so far today.

Closed on Friday at $13.55. Opened today at $13.65. Within 5 minutes the price fell 69 cents. Has fallen another 60 cents in the next 6 hours. Selling at $12.36 now. Percentage drop today 8.75 percent. So far. Still have another hour of trading.
 
Closed at $!2.15 a share. Down $1.40 or 10.33% on the day. Volume of $18,906,421. Which is double the average volume of $8,594,589.
 
Now $12.15. Trying very hard to break $12 today.

Volume is pretty high for TM, at $8M, so a couple of people are selling while there are still buyers. Who the hell is buying is hard to figure - I suppose there are a few people that think they might go up again.
 
Trump is all about branding. Look at Trump University and Trump Vodka. In both cases Trump has little, or no, familiarity with the subject of either.
 
And yet, something else he has zero experience of - politics - ended up with him as president.
 
Now $12.15. Trying very hard to break $12 today.

Volume is pretty high for TM, at $8M, so a couple of people are selling while there are still buyers. Who the hell is buying is hard to figure - I suppose there are a few people that think they might go up again.

I agree. I don't understand it. I really believe foreign governments are propping up the stock.

It shows the challenge of dumping stock. The $18m volume is still less than 8/10s of 1 percent of the stock issued. Clearly, the insiders are trying to get paid but are also trying not to tank the stock. I'm amazed that the bloodbath hasn't been worse.
 
I agree. I don't understand it. I really believe foreign governments are propping up the stock.

Nah, just morons.

There were 70,000,000 people stupid enough to vote for Trump, so it doesn't need many of them spending $10 on Robinhood to soak up small numbers, and they are small numbers alright. $8M a day is pathetic, but quite high for TM.

Short sellers have to buy at some point.

Nope. They just close out the deal and take the loss. They're not going to buy shares that are tanking, and I'd say anyone who bought short has well and truly made their money already. They're down 80% from peak - how much more profit do you want to make?
 
Short sellers have to buy at some point.

Why would they buy to cover their short sell at this moment?

Is there any reason to think the stock has bottomed out? You have to know that insiders lockout period has just ended and will be desperately looking to cash out at least a portion of their stock. That they would create a flood of stock available for purchase.
 
Nah, just morons.

There were 70,000,000 people stupid enough to vote for Trump, so it doesn't need many of them spending $10 on Robinhood to soak up small numbers, and they are small numbers alright. $8M a day is pathetic, but quite high for TM.
It's not $10. It's $1215 for a single lot plus commission. Brokers don't usually bother selling odd lots (less than a hundred at a time)

And I strongly believe Putin bought Trump a long time ago. He's an investment. They don't want the stock to tank as much as Trump doesn't. Because it doesn't look good. And propping up the stock is cheap when we see how much they are spending on the Ukraine.


Nope. They just close out the deal and take the loss. They're not going to buy shares that are tanking, and I'd say anyone who bought short has well and truly made their money already. They're down 80% from peak - how much more profit do you want to make?
But that's how you close out the deal. Buying stock to cover your previous short sale. And you're assuming that every short sale order was made at the peak. I'd bet short sale orders have been made last week. Even today.
 
I agree. I don't understand it. I really believe foreign governments are propping up the stock.

It shows the challenge of dumping stock. The $18m volume is still less than 8/10s of 1 percent of the stock issued. Clearly, the insiders are trying to get paid but are also trying not to tank the stock. I'm amazed that the bloodbath hasn't been worse.

Todays volume was 19M shares. Volume is expressed in shares, not traded $.
 
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