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DJT: Trump Media & Technology Group Corp - Stock Price, Quote and News - CNBC

  
Via:  TᵢG  •  3 months ago  •  10 comments

By:   CNBC

DJT: Trump Media & Technology Group Corp - Stock Price, Quote and News - CNBC
 

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Critical Thinkers

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


1280

  • 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

https://www.dwacspac.com/


Tags

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TᵢG
Professor Principal
1  seeder  TᵢG    3 months ago

x.gif 37.2 million shares outstanding with 1.19% owned by institutional investors.

Makes one wonder who is buying this stock.

 
 
 
evilone
Professor Guide
1.1  evilone  replied to  TᵢG @1    3 months ago
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. 

 
 
 
TᵢG
Professor Principal
1.1.1  seeder  TᵢG  replied to  evilone @1.1    3 months ago

He has friends?

 
 
 
JBB
Professor Principal
1.1.2  JBB  replied to  TᵢG @1.1.1    3 months ago

Friends? More like fans, which is short for fanatics...

 
 
 
devangelical
Professor Principal
1.1.3  devangelical  replied to  evilone @1.1    3 months ago

his stock is on a roller coaster to the bottom.

 
 
 
JBB
Professor Principal
2  JBB    3 months ago

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!

 
 
 
TᵢG
Professor Principal
2.1  seeder  TᵢG  replied to  JBB @2    3 months ago

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).

 
 
 
devangelical
Professor Principal
2.1.1  devangelical  replied to  TᵢG @2.1    3 months ago

it's important to stay focused on the most important aspect of this new grift. it's his supporters he's doing it to...

 
 
 
Krishna
Professor Expert
3  Krishna    3 months ago

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.... jrSmiley_10_smiley_image.gif )

 
 
 
Krishna
Professor Expert
3.1  Krishna  replied to  Krishna @3    3 months ago
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.

 
 

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