Who's in on DJT?

[ua_guy]

Not me. I've been watching the show on Yahoo, with the daily pump-and-dump. Who are these people who are investing? Has anyone actually made money on it?

[bjl584]

Reminds me of the Reddit traders from a couple years ago who made a fortune on Gamestop.

[disneysteve]

It's beyond me why anyone would invest in a company run by a guy who has gone bankrupt multiple times and also happens to be facing dozens of charges including being currently on trial for some of them. What could possibly go wrong in that scenario?

[Like2Plan]

This is really interesting. I'm not sure whether to buy or short because I don't know what the "invisible hand(s)" are doing with this stock....

https://www.forbes.com/sites/joelshulman/2024/04/05/trump-media-djt-stock-is-extremely-overpriced-but-too-risky-to-short/?sh=5d78a11e2456

TBH--shorting a stock has unlimited risk if the price is driven up.

On the other hand, buying the stock: analysts say it is overpriced as it stands. A person might lose everything invested.

So, either way too risky for me, but I will continue to watch.

[QuarterMillionMan]

I cannot lie and it's not in my nature so I have to tell the truth. When I saw this thread, I cringed. This is like rubbing salt in the wound. Back when DJT was DWAC, I bought $1000 worth. Today it lost 2/3 of its value. I think DWAC was $100 a share so I bought 10 shares. DJT is now $36. I've been thinking of lust unloading now and take a hair cut.

[srblanco7]

A company with $4.1M in revenue, a $58M loss booked in 2023 . a market cap of $5B, and a polarizing figure as it's "face" doesn't strike me as a good investment. I know basically nothing about the mechanics of shorting a stock and I'd never do it, but from what I do know this would seem a candidate based on its financials.

However, there are very few shares available to short - only about 5 million out of more than 136 million company shares. And much of the 5 million shares were already locked up in short positions earlier this month.

[ua_guy]

Still not looking good. The 3 Month view shown below doesn't quite depict the daily ups and downs. I wonder if the SEC has visibility into the people and groups who are doing the shorting. I'd be curious what, if any, foreign money is being invested.

[JBinKC]

The low risk put sellers are making money. I think it is only a good candidate at this time to consider selling very low delta cash secured puts ideally when the implied volatility is raised and using a time frame over a course of a week or 2 at most. I made 2.4% over 4 1/2 trading days selling the $10 puts due this week sold last Wednesday at 25 cents when the stock was over $25 which for the amount of risk I was taking (virtually zero) is a great booked return annualized at 125%. I covered at 1 cent yesterday. However, as an longer term investment hell no but then again there are very few stocks I would invest in at this time given they are overvalued or pure risky speculations.

[ua_guy]

Looks like this stock is down almost 6.5% this morning. It's been a rough week in the news for the majority shareholder. Nunes asked a House Republican Committee to investigate unlawful manipulation of the stock last month, and it shot up almost 10%. But I think there are still serious concerns about the future value of this company and if/when it will hit a wall with its inability to produce profit. It's seriously over-valued.

[QuarterMillionMan]

A year or two ago bought 10 shares at $100 each share. Today sold all at $52 a share. At the low maybe 6 months ago was trading at $15 a share. Took my hair cut.

[ua_guy]

A year or two ago bought 10 shares at $100 each share. Today sold all at $52 a share. At the low maybe 6 months ago was trading at $15 a share. Took my hair cut.

Although the stock market is a gamble, I knew with confidence this wasn't going to be a sound investment. lol. It's literally all made up, there was nothing of actual value behind what the stock price would indicate. There's been a few pump-ups over the last 6 months, but it keeps falling and falling. It's being gamed like meme stocks are, and I'm afraid a lot of people lost their butts.

[srblanco7]

Although the stock market is a gamble, I knew with confidence this wasn't going to be a sound investment. lol. It's literally all made up, there was nothing of actual value behind what the stock price would indicate. There's been a few pump-ups over the last 6 months, but it keeps falling and falling. It's being gamed like meme stocks are, and I'm afraid a lot of people lost their butts.

My speculation is that the election outcome will have a significant influence on the trajectory of the future price of this stock.

[ua_guy]

My speculation is that the election outcome will have a significant influence on the trajectory of the future price of this stock.

Yes and no. I think if he loses his bid for the presidency, the stock and company go nowhere but down. I'm dubious if he wins, the actual company and product...there's still nothing there. The social media platform isn't thriving in the way that it needs to be, and the other media ventures, nope. Twitter/"X" fills that void for people to post whatever they want to online, and social media sites like X, Facebook, TS, are on the decline long term. The new generations just aren't as interested, and Boomers have reached the zenith with their engagement. The one possibility is that the stock and company become a vehicle for "investment", likely for things completely unrelated to the company, but perhaps more for influence and favoritism which could be granted through the power of the majority shareholder also being president.

[QuarterMillionMan]

Today it's $40 a share, glad I sold at $52 a share just 1 day ago.

[EasyMoney00]

Would have been nice to get in a few days ago and dump it all today. I just never messed with individual stocks. I buy boring index funds that track s&p500. They've treated me well over the years.