/——/ I don’t pump stocks and don’t care how you invest, nor am I trying to silence you.I won't, but you will not keep me from speaking out against it to warn other investors. If you bought it and are trying to pump it....too bad
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
/——/ I don’t pump stocks and don’t care how you invest, nor am I trying to silence you.I won't, but you will not keep me from speaking out against it to warn other investors. If you bought it and are trying to pump it....too bad
Most of these folks are trusting and hard working, and don't even see it coming. Blind faith never ends well.
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.
That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”
For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.
Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.
As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.
And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb — one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”
But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.
It’s not a rebound, it’s called a dead cat bounce.
Excellent. you should invest.Well it bounced up to 50.00 today.
It will be interesting to see what happens around the 15th when the 10Q is released.It's going to bounce like a rubber ball.
Eventually it will be a pump and dump, and for those without a chair when the music ends...
It's going to bounce like a rubber ball.
Eventually it will be a pump and dump, and for those without a chair when the music ends...
Do you always ask stupid questions?
I don't often give advice, but I'll make an exception for you: buy as much of this stock as you possibly can.Don't want to answer the question ? I get it.
Many of your fellow algae were crowing when it dropped below 30.
Back up at 50.
I know, I know....you heard the term "dead cat bounce" and thought it might make you sound bright.
It didn't.
/——/ My trailing stop loss triggered, I’m out with $10,000 in realized gains for the week.I don't often give advice, but I'll make an exception for you: buy as much of this stock as you possibly can.
I don't often give advice, but I'll make an exception for you: buy as much of this stock as you possibly can.
Get a GEDHere is some advice: ESADMF
How's it going with DJT now? $26.96 dropped another 13% today so far. Just wait until July 11th....Don't want to answer the question ? I get it.
Many of your fellow algae were crowing when it dropped below 30.
Back up at 50.
I know, I know....you heard the term "dead cat bounce" and thought it might make you sound bright.
It didn't.
How's it going with DJT now?
This things is going to zero. Another trump lie to add to the list.Trump is shitting his pants with Fox News showing a 7 point swing toward Biden in the last 3 months.