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Most Over-Valued Company is History

acbytesla said:
Insiders sold 11 million DJT shares over the last few days.
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Yep. The Chancery Court gave them extra shares just a few weeks back pushing them up to 11M. They sold everything but 100 shares in the five days before they filed the amended 13d. Probably sold those since.
 
rjh01 said:
Maybe we are all wrong and there is some value in the company? Even if Trump loses the election? Even better if he wins.
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I don't think anyone thinks there's no value at all in it at present, because Trump and others are still using Truth Social.

What most of us are saying is that we don't value it as a good investment for the future, as Trump could easily lose the election and become a has-been.

It's a big gamble if you think Trump is going to win the election AND keep using TS. OK if you've got money to potentially throw away, I guess.
 
rjh01 said:
Maybe we are all wrong and there is some value in the company? Even if Trump loses the election? Even better if he wins.
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Nope. It doesn't make any money and has no plans to do so.

While a few morons are buying shares right now, I guarantee they're people who wouldn't know a P/E ratio if it smacked them in the face. It's exactly like his idiotic NFT "trading cards" - shares have value to people who want to be able to say they own something Trump-ish.
 
The Atheist said:
Nope. It doesn't make any money and has no plans to do so.

While a few morons are buying shares right now, I guarantee they're people who wouldn't know a P/E ratio if it smacked them in the face. It's exactly like his idiotic NFT "trading cards" - shares have value to people who want to be able to say they own something Trump-ish.
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I bought a copy of an unauthorized Trump cartoon coloring book back when he was an outside candidate for the Presidency the first time. Drawings like: him meeting aliens at Area 51, playing Kim Jong Un in Battleship, as Willy Wonka with toadies all around, stuff like that. I can't think of anything else I'd want as a souvenir of the times, and certainly wouldn't put out much cash for anything anyway, especially if it went into his pocket.
 
The Atheist said:
Trump Media at $20 today.

Not sure how that's possible, but it is.
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I'm guessing it will be a short-lived rally because people were worried that Trump would immediately unload a large portion of his shares, and that hasn't happened yet. I don't think it will last. However, predicting what markets will do is always difficult. It's not always about the fundamentals (sometimes the fundamentals don't really even exist in the first place, like with crypto). It's about the psychology of the market participants. They don't necessarily think about it in the same way as you or I do.
 
dirtywick said:
it was after his rally with elon musk
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I don't know if there's any relation but elmo is so rich that he could probably prop up the share price by himself if he wanted to, just using money he doesn't need anyway. As a sort of backdoor political donation that doesn't go through the regular channels where such donations are capped.

ETA: To put it more directly: as a bribe, but a legal bribe that you can't prove is a bribe.
 
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