DJT: Trump Media & Technology Group Corp - Stock Price, Quote and News - CNBC
By: CNBC
How will this stock behave?
It has terrible fundamentals and is clearly riding on an emotional / opportunistic wave. Its daily activities are unpredictable, but it seems to me that its general direction over the next few months will be downward.
Fascinating, really, that we have a stock that in a sense serves as a gauge of investor's belief that Trump will win the presidency.
Where will this stock go, when, and why?
S E E D E D C O N T E N T
- Open 69.70
- Day High 69.87
- Day Low 60.23
- Prev Close 66.22
- 52 Week High 79.38
- 52 Week High Date 03/26/24
- 52 Week Low 12.40
- 52 Week Low Date 06/23/23
Key Stats
- Market Cap 8.393B
- Shares Out 135.45M
- 10 Day Average Volume 13.36M
- Dividend-
- Dividend Yield-
- Beta 6.34
- YTD % Change 254.06
Profile
Digital World Acquisition Corp is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company intends to focus on companies in the healthcare industry in the United States. The Company is not engaged in any business operations and has not generated any revenue. Frank Andrews Non-Executive Chairman of the Board Eric Swider Chief Executive Officer, Director Alexander Cano President, Company Secretary Katherine Chiles Chief Financial Officer Address3109 Grand Ave., #450Miami, FL 33133 United States
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Makes one wonder who is buying this stock.
Some of Trump's friends with deep pockets. The kind that will be okay when the bottom drops out.
He has friends?
Friends? More like fans, which is short for fanatics...
his stock is on a roller coaster to the bottom.
Trump Media is basically a Ponzi Scheme, a classic Pump-n-Dump stock rip-off. Those who get out ahead of the rush may do fine, but the bubble will burst and most "investors" will lose... BIGLY!
It is certainly a con for the unsophisticated investor (and that, I believe, is the vast majority of investors for this stock). Sophisticated traders (especially day traders) and those with insider information could certainly do well. The short positions will likely do well. But, again, these are sophisticated traders that are working the dynamics as opposed to those poor souls who have a long position on DJT with the intent of making money.
I expect Trump to (if granted permission by his stacked board) liquidate a substantial amount of his stock in order to realize value in cash (before the market cap shrinks back to something that reflects the fundamentals and potential from the business model of this company).
What a perfect way for him to extract his prize from his many marks (supporters).
it's important to stay focused on the most important aspect of this new grift. it's his supporters he's doing it to...
Where will this stock go, when, and why?
If I could predict that I'd be extremely wealthy!!!
(Actually that's true for any stock....
)
Inexperienced traders (& investors) as a general rule are like the majority of people on social media-- they mostly think they are smarter then they really are.
That used to really annoy me, until someone pointed out that if you really carefully watch what they do-- they are a blessing.
Why? because their foolishness can be used to your advantage.