My eyes nearly rolled out of my head seeing that he had the stock symbol be his initials, but after a moment of thought, I realized it must be killing him to see "his" value plummet. That's wonderful.
this post was submitted on 15 Apr 2024
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There's history there. This isn't the first time.
https://www.cnn.com/2024/03/25/investing/trump-stock/index.html
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(3 replies)
This is what happens when you just "print more money."
And don't have military bases in most countries to force everyone to keep buying it.
Yet.
If he doesn't have any military bases, then why does he have all those tanks?
Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you
If you’re taking the already existing true believers, who think you’re a business genius and all your prosecutions are politically motivated and the election was stolen (like really honestly think all of that is what happened, because they are too deep sunk in propaganda to even see the surface)… and creating an opportunity for them to lose a bunch of their own money by investing in your company, like really be exposed on a personal unavoidable level to how much of a fraud you are and always have been… you’re doing it wrong.
I get it. It’s desperation; you have to siphon money out of them because you need all you can get right now. But it still seems like a tactical error, like there must be another way.
Usually, if you’re running for president, you want to invest money into political or media machines that are going to create true believers for you
No. Usually if you are running for president, you put your investments into a blind trust.
No. Usually if you are running for president, you put your investments into a blind trust.
what with his faith in humanity and all.
The 70's are over. Carter putting the farm in a blind trust was rewarded with Republicans bribing Iranian terrorists to keep the hostages longer. Disco is dead.
The 70s, the 80s, the 90s, and the 2000s. Presidents aside from Trump have always put their investments in a blind trust.
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(9 replies)
Disco didn't die. It evolved.
OP was referring to the campaign
It's the deep state shorting the stock bro. Trust me bro. Just keep buying the stock bro.
Trump's social media stock is gonna bring down wall street, make you rich, stop the liberals, suck your dick, stop communism, let you suck its dick, stop the RINOs, and help Russia stop the nazis.
/$
Are you implying that Trump believers with faith deep enough to buy the stock regularly (eg they're not an oligarch/enterprise doing it to bribe Trump) is thinking this logically?
People either vote for him for other reasons (tax cuts for the rich, conservatism, fear for the border or racism) or are deep enough into a cult to disregard anything.
Yeah, maybe. His cult is absolutely surrounded by a singular media drumbeat of him being smart, him being rich, him being a winner, the Democrats being bad and evil and jealous and cheaters at the election and just every bad thing in the world. I'm not saying that losing a whole bunch of their personal money because they operated on that model will definitely in itself break them out of the illusion; I definitely think some of them are in too deep even for direct personal experience to impact their perception (especially if the drumbeat is continuing exactly as before). But it'll at least give them a saving throw or something I think.
If you have made it your whole life through cheating, and you think cheating worse than everybody else makes you smart, cheating becomes the only way you know to accomplish anything.
Matthew Tuttle, chief executive of Tuttle Capital Management, says that management would be “stupid” not to issue new stock, even though the move will upset shareholders. “Whenever you see a stock jump, like you saw this jump, a secondary offering is always a risk,” said Tuttle.
Is this moron holding his chart upside down?
Nah he’s just got a version that Donnie boy sharpied an upwards trend line onto.
Lol, it's at 1/3 of its peak a few weeks ago.
Oh the sweet schadenfreude.
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(1 replies)
"Trump stocks tank" is every other headline over the last year, yet somehow they still exist.
So not only does each stock holder own less of the company as a percent but the actual value of their stock is also lower.
This is normal for a company, when it releases more stock, as the cononay foes not magically become worth more. What's odd is releasing more while its already tanking and needing the funds so soon after it floated.
I winder where the money is going?
Company does not
This typo was hauntingly difficult to parse
Covfefe
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(7 replies)
lol, fkn idiots
Couldn't even follow through on a plan that even redditors got to work.
Anyone know the easiest way to short this stock?
As a general rule, if you’re hearing about something from the news, it’s already too late to profit from it.
This might be the exception, but I’d temper any expectations accordingly.
It’s supposedly the most shorted stock on the market, which I think means it’s going to be damn difficult to turn any sort of profit on it.
Just add DJT to the stock tracker app on your phone and pay yourself in schadenfreude as it rapidly and inevitably approaches zero.
The short answer is, don’t bother. The premiums are so baked in that it will tank, that you’d be lucky to make any money.
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(1 replies)
Just stop fucking around and buy SPY.
You stop fucking around and trade futures!
Just buy puts. You can buy them right now.
Buying puts are crazy expensive, showing just how shitty the stock is. For all puts a month out, it's gotta lose 25% of its current value just to break even.
With that being said, it's probably a safe bet.
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(2 replies)
Oh no. (violin playing)
Just print more money! That's never caused massive inflation before!
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