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Most Over-Valued Company is History

Darat said:
In 2020 74,222,958 votes were cast for Trump...
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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.
 
The Atheist said:
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.
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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.
 
The Atheist said:
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.
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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.
 
acbytesla said:
I agree. I don't understand it. I really believe foreign governments are propping up the stock.
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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.

a_unique_person said:
Short sellers have to buy at some point.
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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?
 
a_unique_person said:
Short sellers have to buy at some point.
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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.
 
The Atheist said:
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.
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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.


The Atheist said:
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?
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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.
 
acbytesla said:
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.
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Todays volume was 19M shares. Volume is expressed in shares, not traded $.
 
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