1. #92041
    Quote Originally Posted by Doomcookie View Post
    The fee was astronomical, because everyone knew the stock is built on falsehoods and worship. I'm not a fan of short selling, mainly because the market has been strong for 15 years. Just investing in standard funds, and focusing on moderate growth, means very good returns. At this point, the markets are free money, and the returns are great. I'm old, but when I was younger, the normal talk was returns of 3-5% per year. It was all about showing it would beat inflation. Now, we're talking about annual returns of 10-15% as a standard.

    But, I got sidetracked.

    If you look at the numbers behind some companies, like DJT, it's baffling that anyone would put a penny into it. The net margin is -10,000%. Sure, some new companies will have a negative margin, because they are expecting major growth in coming quarters. This is usually the case with start ups, and that's what the game is all about. But, that number is beyond crazy.

    Oh, and the volume is already almost as high as it was all day, yesterday. And, yesterday was higher than most.
    Oh, I can definitely see why people were putting money into it. Not because they were expecting an actual functioning business and a legit investment but it is the same as what happened with GameStop a few years ago except for the short squeeze event. You had people buying in at the beginning knowing that they would make money, even if it right where it is now and sell when they would be able to. This is what we have been seeing over the past month or so, those people getting out.

    All you have now are bag holders, restricted stock that had to wait to be sold and short sellers that are looking to make a buck or two off of a failing company. Yes, the volume is very high but that is to expected for the next few trading days seeing as the restricted shares are probably being sold off. If the stock price survives $10 a share by the end of next week, I'll be shocked. I can see it even go sub $8 by then.

  2. #92042
    Quote Originally Posted by gondrin View Post
    Oh, I can definitely see why people were putting money into it. Not because they were expecting an actual functioning business and a legit investment but it is the same as what happened with GameStop a few years ago except for the short squeeze event. You had people buying in at the beginning knowing that they would make money, even if it right where it is now and sell when they would be able to. This is what we have been seeing over the past month or so, those people getting out.

    All you have now are bag holders, restricted stock that had to wait to be sold and short sellers that are looking to make a buck or two off of a failing company. Yes, the volume is very high but that is to expected for the next few trading days seeing as the restricted shares are probably being sold off. If the stock price survives $10 a share by the end of next week, I'll be shocked. I can see it even go sub $8 by then.
    It did have the GameStop stench on it. The problem with that, is most of the people lost their asses who decided to try and squeeze the short. I'd venture to guess the streamers showing their positions were doing what they could to screw over all those kids wanting to be like them. GameStop was pure market manipulation by scumbags. Sure, some people made money screwing over large-scale firms, but that was a short-term victory that led to hundreds of thousands of novices losing their asses. I feel bad for all those kids who basically fed money to the streamers.

    On that note, I think my nearest GameStop store may be slated to close fairly soon. There hasn't been any announcements that I could see, but the store looked "different." GameStop usually has posters advertisements all over the windows, but they were almost completely blank. Even the walls had less posters on them. My kids were interested in a game, and I was looking for Astrobot. Both were out of stock. I get that it's a popular game right now, but it's not like it came out that day. That's when I realized that they did not have a list of upcoming releases for any of the consoles. It's a shame, I liked that store.

    I get sidetracked in my rambling.

    The value for DJT has been steadily down, and there's no indication it will stop. It doesn't make any money, and isn't an innovative product. There is no real growth potential.

    The problem with Trump and the others, is the sheer amount of stock they have to offload. If he even tried to dump 1% of his stock, it will be noticeable. I think the price could be down to $11 by next Friday. I'll see how wrong I am.

  3. #92043
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    Quote Originally Posted by Doomcookie View Post
    I think the price could be down to $11 by next Friday. I'll see how wrong I am.
    That would match the "sell it off piece at a time to preserve value" actual experts said. But like you said, the company has no value and Trump selling it off will eventually be spotted. He's doing the math between dumping it all at once and being done with it, and shaving off smaller pieces as the price steadily but slowly falls. Neither is good for his net worth, but the latter does mean he gets to lie about his net worth longer. But it is a lie. He can't sell his stock, paper value a billion plus, for a billion anymore.

  4. #92044
    Quote Originally Posted by Breccia View Post
    That would match the "sell it off piece at a time to preserve value" actual experts said. But like you said, the company has no value and Trump selling it off will eventually be spotted. He's doing the math between dumping it all at once and being done with it, and shaving off smaller pieces as the price steadily but slowly falls. Neither is good for his net worth, but the latter does mean he gets to lie about his net worth longer. But it is a lie. He can't sell his stock, paper value a billion plus, for a billion anymore.
    If he wanted to dump it all at once, he would have to take a substantial hit. Like in the 70% or more reduction in what it is worth now type of hit. And that is on the high end of what he would get. It could be an even higher reduction. He wouldn't get enough to even pay his judgement towards NYC. And that isn't counting the taxes he would be required to pay for it.

    Otherwise, it will be a thousand shares here, a few thousand of shares there. And when you have 114 million share, with a company like this, you pretty much will never get rid of it all and see full value.

    - - - Updated - - -

    Quote Originally Posted by Doomcookie View Post
    It did have the GameStop stench on it. The problem with that, is most of the people lost their asses who decided to try and squeeze the short. I'd venture to guess the streamers showing their positions were doing what they could to screw over all those kids wanting to be like them. GameStop was pure market manipulation by scumbags. Sure, some people made money screwing over large-scale firms, but that was a short-term victory that led to hundreds of thousands of novices losing their asses. I feel bad for all those kids who basically fed money to the streamers.

    On that note, I think my nearest GameStop store may be slated to close fairly soon. There hasn't been any announcements that I could see, but the store looked "different." GameStop usually has posters advertisements all over the windows, but they were almost completely blank. Even the walls had less posters on them. My kids were interested in a game, and I was looking for Astrobot. Both were out of stock. I get that it's a popular game right now, but it's not like it came out that day. That's when I realized that they did not have a list of upcoming releases for any of the consoles. It's a shame, I liked that store.

    I get sidetracked in my rambling.

    The value for DJT has been steadily down, and there's no indication it will stop. It doesn't make any money, and isn't an innovative product. There is no real growth potential.

    The problem with Trump and the others, is the sheer amount of stock they have to offload. If he even tried to dump 1% of his stock, it will be noticeable. I think the price could be down to $11 by next Friday. I'll see how wrong I am.
    The best part is that most companies can just buy back the amount from a shareholder if needed. Since Trump Media doesn't have that kind of liquidity, they wouldn't be able to even purchase 40% of the stock amount.

  5. #92045
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    Quote Originally Posted by gondrin View Post
    with a company like this, you pretty much will never get rid of it all and see full value.
    Indeed. At this point, it's whether you rip the band-aid off or not.

    $13.68 which, yes, is much higher than I thought it'd be. Roughly at the spot where the initial pre-trading selloff became trading selloff.

  6. #92046
    Quote Originally Posted by gondrin View Post
    If he wanted to dump it all at once, he would have to take a substantial hit. Like in the 70% or more reduction in what it is worth now type of hit. And that is on the high end of what he would get. It could be an even higher reduction. He wouldn't get enough to even pay his judgement towards NYC. And that isn't counting the taxes he would be required to pay for it.

    Otherwise, it will be a thousand shares here, a few thousand of shares there. And when you have 114 million share, with a company like this, you pretty much will never get rid of it all and see full value.

    - - - Updated - - -



    The best part is that most companies can just buy back the amount from a shareholder if needed. Since Trump Media doesn't have that kind of liquidity, they wouldn't be able to even purchase 40% of the stock amount.
    He really couldn't dump it all, there's nobody to buy that much.

  7. #92047
    So, it is going to end the day at 13.55. A 7.82% drop from yesterday close. I figure it should drop another .75 - 1.00 easily seeing as the markets are closed on the weekend. Maybe more.

    Let the dumpster fire burn bright.

  8. #92048
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    It has been an amazing week for the stock markets. The DOW, S&P, and NASDAQ are all within 1% of the highest they've been ever ever. Well, ignoring inflation.

    And Trump's stock, on this amazing week, did...well, not great. $18.35 opening Monday wasn't exactly huge for them, barely above the stagnation of 2023. It then lost 26.16% at $13.55 as @gondrin said, and slightly more year to date.

    All of the gains from going public, and all of the gains from Trump saying he would not sell, are gone. Trump lost hundreds of millions of dollars in a record-setting stock market.

    Traders exchanged about $300 million worth of Trump Media shares during the session, the highest turnover for the stock in a week. We don't know whose, but that's 20 million shares or so. I cited earlier that, if Trump sells off, the SEC needs to know in a few days. Considering how many shares there are total and how many of them Trump owns, this seems like a pretty clear indication Trump has already started shaving off his stash. (It is possible these were all other investors in the process of short selling while Trump remained true to his word and faithful to his company. Imagine how I feel about the odds of that.)

    It takes a special kind of person to be a businessman who's really this bad. And it takes a special kind of person to watch this unfold, point to it, and say "put this person in charge of the world's largest economy".

  9. #92049
    Quote Originally Posted by Breccia View Post
    It has been an amazing week for the stock markets. The DOW, S&P, and NASDAQ are all within 1% of the highest they've been ever ever. Well, ignoring inflation.

    And Trump's stock, on this amazing week, did...well, not great. $18.35 opening Monday wasn't exactly huge for them, barely above the stagnation of 2023. It then lost 26.16% at $13.55 as @gondrin said, and slightly more year to date.

    All of the gains from going public, and all of the gains from Trump saying he would not sell, are gone. Trump lost hundreds of millions of dollars in a record-setting stock market.

    Traders exchanged about $300 million worth of Trump Media shares during the session, the highest turnover for the stock in a week. We don't know whose, but that's 20 million shares or so. I cited earlier that, if Trump sells off, the SEC needs to know in a few days. Considering how many shares there are total and how many of them Trump owns, this seems like a pretty clear indication Trump has already started shaving off his stash. (It is possible these were all other investors in the process of short selling while Trump remained true to his word and faithful to his company. Imagine how I feel about the odds of that.)

    It takes a special kind of person to be a businessman who's really this bad. And it takes a special kind of person to watch this unfold, point to it, and say "put this person in charge of the world's largest economy".
    I wouldn't look into that number as something big because of how trades of shares are recorded. If a single share was traded multiple times, lets say, 1000 times, it would look as if 1000 shares were traded when it was only 1 share traded multiple times.

    What we need is the number of people trading along with the shares they actively traded. That would give a far better look at how much actual manipulation and who is outright getting out.

    Fun fact is when a massive short selling event happens, you could see that same event where multiple people actively trade a stock between each other to tank the price outright. It is pretty much market manipulation and, if caught, can easily be illegal but they usually stay under the radar by trading small amounts repeatedly.

  10. #92050
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    Quote Originally Posted by Breccia View Post
    We don't know whose, but that's 20 million shares or so. I cited earlier that, if Trump sells off, the SEC needs to know in a few days. Considering how many shares there are total and how many of them Trump owns, this seems like a pretty clear indication Trump has already started shaving off his stash. (It is possible these were all other investors in the process of short selling while Trump remained true to his word and faithful to his company. Imagine how I feel about the odds of that.)
    I wouldn't be so sure about this. Here's a chart of the total volume of shares traded per day over the last few weeks.



    The volume of trades has been ramping up. In fact, last Friday's volume was even higher, though that was prompted by his "I'm not selling" statement.
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  11. #92051
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    Quote Originally Posted by gondrin View Post
    I wouldn't look into that number as something big because of how trades of shares are recorded
    Quote Originally Posted by PhaelixWW View Post
    I wouldn't be so sure about this.
    Well, I'm not sure about this, the stock market isn't exactly my area of expertise. What I am sure about, is that people know the stock/company is overvalued. Nobody is going to buy a piece of it at these prices, thinking "this is a good investment and the value of the company will go up". Even when Trump was at his Trumpiest, Truth Social could not make money.

  12. #92052
    Quote Originally Posted by Breccia View Post
    Well, I'm not sure about this, the stock market isn't exactly my area of expertise. What I am sure about, is that people know the stock/company is overvalued. Nobody is going to buy a piece of it at these prices, thinking "this is a good investment and the value of the company will go up". Even when Trump was at his Trumpiest, Truth Social could not make money.
    Oh, most definitely it is a junk company so that Trump could get what he wanted, an online megaphone that couldn't be silenced against his will and when he could get back on Twitter/X, Facebook and the like, he was going to dump it outright.

    However, any person that has those same type of restricted insider shares of at least 10% of the total company shares, like Trump has, is required to fill out a Form 4 to the SEC, at the latest, 2 business days after the trade happens.

  13. #92053
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    Trump vows to ‘save’ vaping after private meeting with vaping lobbyist

    That's a WaPo article.

    Trump wrote on Truth Social, his social media platform, that he “saved Flavored Vaping in 2019” and would “save Vaping again!”

    The comments represent a revisionist account of his administration’s approach to vaping, the heating of nicotine to make an inhaled aerosol. They overlook a significant crackdown Trump pursued as president — which antismoking advocates regard as one of the surprising accomplishments of his time in office and part of the reason for a steep decline in youth vaping over the past five years.

    Yet Trump’s new posture is consistent with the recent financial support he has received from the tobacco industry. As The Washington Post reported this week, the biggest corporate donor to the primary pro-Trump super PAC is a subsidiary of Reynolds American, the second-largest tobacco company in the country.
    "So, Trump took a donation from Big Tobacco."

    Yes.

    "Didn't he campaign and run on fighting addiction?"

    Mostly from opioids, which admittedly are much worse. Also, they didn't write him a check. Apparently being addicted to tobacco is fine.

    "How did Trump 'save' vaping?"

    In 2019 he announced he was going to ban flavored E-smoke products.

    "...how is that saving vaping?"

    Two months later he announced he was no longer going to ban flavored E-smoke products because it turned out his voters used them.

    "So, he's taking credit for stopping a problem he invented."

    Yes.

    It was a swift and bold reaction to a growing public health crisis affecting teenagers. Seated in the Oval Office in September, Trump said he was moving to ban the sale of most flavored e-cigarettes as vaping among young people continued to rise.

    “We can’t have our kids be so affected,” Mr. Trump said. The first lady, Melania Trump, who rarely involves herself publicly with policy announcements in the White House, was there, too. “She’s got a son,” Mr. Trump noted, referring to their teenager, Barron. “She feels very strongly about it.”

    But two months later, under pressure from his political advisers and lobbyists to factor in the potential pushback from his supporters, Mr. Trump has resisted moving forward with any action on vaping, while saying he still wants to study the issue.

    Even a watered-down ban on flavored e-cigarettes that exempted menthol, which was widely expected, appears to have been set aside, for now.
    "Holy shit, his wife asked him to save his own son and he refused?"

    In public, yes. He probably had other things on his mind, too, like being impeached, and getting his ass kicked by Joe Biden.

  14. #92054
    “There you stand, the good man doing nothing. And while evil triumphs, and your rigid pacifism crumbles to blood stained dust, the only victory afforded to you is that you stuck true to your guns.”

  15. #92055

  16. #92056
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    I think Lindell is an idiot, insane, and maybe a cocaine addict. But I don't take him as a literal advertising Nazi. Problem is, due to the company he keeps, what could have been just a brain-dead coincidence is now interpreted as Nazi propaganda. I mean, what's that saying, a Nazi sits down at a table with ten people?

  17. #92057
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    Quote Originally Posted by Breccia View Post
    I think Lindell is an idiot, insane, and maybe a cocaine addict. But I don't take him as a literal advertising Nazi. Problem is, due to the company he keeps, what could have been just a brain-dead coincidence is now interpreted as Nazi propaganda. I mean, what's that saying, a Nazi sits down at a table with ten people?
    I doubt Lindell is... well, smart enough to try and pull something off like this. I also doubt he personally sets the prices for his products.

    However I wouldn't put it past him to have hired some number of alt-right 4chan dogwhistle trolls into various positions in his company thinking they were "true believers" in his Trump stolen election covid hoax nonsense, who in turn think they're being super cool and clever and cucking the libs with nonsense like this.

    "Tee hee hee you can't prove it! We're using nazi numbers but you can't prove they're nazi numbers because they're just numbers! Look at how we can say nazi things and no one will do anything about it, you triggered lib! Look how triggered you must be!"

    @Hugo88 that sound about right?
    “Do not lose time on daily trivialities. Do not dwell on petty detail. For all of these things melt away and drift apart within the obscure traffic of time. Live well and live broadly. You are alive and living now. Now is the envy of all of the dead.” ~ Emily3, World of Tomorrow
    Quote Originally Posted by Wells View Post
    Kaleredar is right...
    Words to live by.

  18. #92058
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    Quote Originally Posted by Breccia View Post
    Quote Originally Posted by PhaelixWW View Post
    I'm not sure it works like that, either. He made his statement, and made it public. It had an effect on the stock price.
    That's how it should work, yes. No question there. But I don't see the SEC, or anyone really, being able to prove Trump intentionally lied to change the price. Although I would love to see them try - yet another trial for Trump, yet another handful of sand grinding his gears.
    Just an update on this.

    Barron's: Trump Said He Wouldn’t Sell DJT Stock When the Lockup Expired. Is That Legally Binding? (Secondary link if the first is blocked.)
    Selling swamped the stock of Trump Media & Technology Group all week, dropping it 25% as traders tried to get ahead of Friday’s expiration of insider lockup agreements. Yet the company’s biggest shareholder, Donald J. Trump, had said he wouldn’t sell.

    “I have absolutely no intention of selling,” said the former president at a campaign press conference on September 14.

    “A lot of people think that I’ll sell my shares,” Trump said. “I mean, they’re worth billions of dollars. But I don’t want to sell my shares. I’m not going to sell my shares. I don’t need money.”

    We Americans don’t take every presidential campaign promise at face value—but statements about stocks, we take seriously. Trump’s comment lifted Trump Media stock that day by 12%, with such strong moves that Nasdaq halted trading twice.

    Trump owned 57.3% of Trump Media, as of its September stock prospectus. Since mid-June, the stock has slid from around $35 to $13.55, shrinking the value of his holdings from about $4 billion, to $1.6 billion. That kind of volatility would tempt an insider to cash out some stock, when a lockup expiration permitted.

    So we asked securities law professors whether Trump’s press conference statements bound him, in any way, from selling his unlocked shares. If he sold stock on Friday, or next week, could he be held to account?

    Trump’s statements certainly weren’t enforceable under contract law, said Robert Bartlett III, a professor of law and business at Stanford Law School. The former president’s press conference remarks weren’t accompanied by the formalities that made the lockup agreement binding.

    But securities law might have something to say if Trump didn’t mean it when he said he had “no intention of selling.” That would make it a misstatement, under securities fraud laws, said Bartlett. And given how much Trump Media stock moved after the Sept. 14 press conference, a plaintiff could argue that the misstatement was “material.”

    A sale by Trump on Friday would be an easy case, said Adam Pritchard, a University of Michigan law professor who’s written extensively on securities regulation.

    ‘If he sold today, would be fraud,” said Pritchard on Friday. “The chance of lawsuit would be exceedingly high and even the SEC might decide it was worth a lawsuit.”

    But Trump didn’t say he intended to hold his stock forever. If Trump starts selling stock some weeks from now, it becomes harder to argue that his statement was false
    , said Pritchard.

    When the former president sells stock, both he and Trump Media are obliged to disclose it. Securities regulations require the filing of a Form 4 notice within two days of a transaction by anyone holding more than 10% of a stock. Trump would have to sell a lot of stock before he falls below that threshold.
    So the answer is, of course, complicated.

    - - - Updated - - -

    Oh, snap. Abrupt selloff to start the week's trading.



    It'd been holding steady at around $13.60 throughout hours of premarket trading.
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  19. #92059
    I'm betting it'll drop below 10 by the end of the week.
    The only way Trump can realize solid gains is by winning the election. So if he sells...he's taking the money and running.
    “But this isn’t the end. I promise you, this is not the end, and we have to regroup and we have to continue to fight and continue to work day in and day out to create the better society for our children, for this world, for this country, that we know is possible.” ~~Jon Stewart

  20. #92060
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    You love to see it.

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