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Yup, burned thru his stop loss 8:30am this morning.Probably waiting for it to stop dropping so he can buy more.
A company usually has to show profitability before it rises up.Stocks are "volatile", especially IPOs.
They typically take off on IPO optimism, then drop as the quick money traders bail, then they find a bottom and slowly rise from there.
Its a painfully slow process.
True, but not necessarily.A company usually has to show profitability before it rises up.
So you've gone form "This is going to be a great stock" to "This is a loser stock, but we need to invest in it so Dear Leader" doesn't look like a farce.True, but not necessarily.
Remember Gamestop? There were a few stocks where the kids stuck together and the pros got smoked.
For DJT there may be folks buying some as a 2-fer to get diversity and help Trump hurt the swamp.
Why are you so concerned?So you've gone form "This is going to be a great stock" to "This is a loser stock, but we need to invest in it so Dear Leader" doesn't look like a farce. Why do I get the feeling you bought a $400 pair of Trump shoes and a $59 Trump Bible?
Gamestop is a meme stock.True, but not necessarily.
Remember Gamestop? There were a few stocks where the kids stuck together and the pros got smoked.
For DJT there may be folks buying some as a 2-fer to get diversity and help Trump hurt the swamp.
I know where Gamestop is now, but it had a very wild ride for some reason.Gamestop is a meme stock.
And where is it now? It's pretty much settled to where it was before all the wild trading. The stock unlike DJT has an EPS.
Gamers backed the stock as a giant fuck you to wall street vultures shorting the stock. The point of a meme stock is that the wild trading is a fad and reality will settle the stock to its own value level.I know where Gamestop is now, but it had a very wild ride for some reason.
I never understood why the kids backed Gamestop?!
My point was that some stocks get played by multiple players for multiple reasons.
If you don't like a stock don't buy it.
Why are you so concerned?
Afraid that Trump's new stock windfall and the non-kangaroo courts won't help Genocide Joe enough?
The DJT stock does what it does. You don't but a stock for tomorrow, you buy it for years from now.
Any predictions on the Trump legal cases? Alvin's on deck waiting for the gavel. Should be interesting.
Truth Social is nothing more than a meme stock in search of suckers.
Trump's Truth Social platform soars in second day of trading on Nasdaq
Former President Donald Trump's media business is trading under his DJT initials on the Nasdaq stock market.www.cbsnews.com
"Donald Trump is anti-abortion. He needs a sucker born every minute" - Bill MaherTruth Social is nothing more than a meme stock in search of suckers.