DJT Stock this morning
Comments
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Pretty simple. Truth Social pulled in $770,500 in revenue for the first quarter of 2024 and a net loss of $327.6 million dollars. Someone tell me why in God's name a company with these numbers was valued as high as $12 billion dollars a few months back?
No one in their right mind would buy this stock (Unless you're doing a pure momentum play) yet you have Trump and his acolytes pulling all the tricks they know to get their supporters to throw their money at it. And here you go, the stock reached a high of $66 and now all of a sudden is collapsing as the parent company has been has been cleared to resell some of those shares. I can tell you I have a conservative buddy that told me he threw $10,000 at it and I told him to get out when it reached $60 and take the win. He didn't. He's looking at a $5000 loss. This is a loss I KNOW he should not be taking. But he's a huge fan of Trump so there it is.
And Throbber, just because other people are acting in unethical ways, doesn't mean you have to, especially after you paint yourself as a champion of the poor….right???
Honestly we should be on the same side of this (and we are definately on the same side of congress buying stocks when they are on committees that can influence those stocks), but because YOUR team does it, you turn a dumb blind eye to it. Not shocked to be honest based on your previous behavior.
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Spaz is obviously one of the millions of simpletons who believe the stock market is the economy.
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Hold on folks. Dumb as nails Everett Chris is here. Get ready for some groundbreaking analysis….after this dude learns how to tie his shoes.
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Spaz uncontrollably giggling as he types out his latest simplistic bullshit
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Wgaf
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Why are average p/e’s well over historical norms for the last almost two decades?
I’m sure it’sTruth Social/Donald Trump’s fault. 🙄
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In this case it is. But again, its good to know you guys are ok with the wealthy literally stealing from the poor….just so long as your team does it. You're definately Christian Conservatives LMAO. Those shoplifters you guys despise….this is the same exact thing, some of you are smart enough to understand why, some of you do understand why but decided to turn a blind eye to it, and then there's EverettChris…..who doesn't even know what he himself is.
And I see Race and Sledog can't form an opinion because no one has tweeted a rebutal on their behalf yet.
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Defender of the poor here! WTF?!?
All investments come with risks. Those risks are disclosed in registrations with the SEC pre-IPO.
If people choose to ignore those risks or think every stock is going to go to the moon, that’s their own fucking fault.And, if you had a fucking clue on securities law, you’d already know the SEC wields far greater power than some local court in Manhattan if Trump were indeed running a pump and dump.
You may also want to check Trumps Form 4 filings for all those shares he sold and got filthy rich (Hint: he hasn’t sold any)
