I bought puts, but at this rate, the company will be bankrupt before the contract expires in January.
this post was submitted on 23 Sep 2024
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It sounds like the stock based just on the lockup ending rather than from heavy selling.
Taking everyone to the poor house with him.
Yeah babyyyy! All the way to the floor!!!!
All the way to the bedrock, then get drilling.
A new record low every day!
Sounds overpriced.
It's lower than when it launched, but is still overvalued by at least 1200%.
Book value per share is around $1.50. However, they don't make any profit so the actual value of the company is considerably less. In my opinion, not financial advice.
"The invisible hand of the market slaps Trump like a bitch. More at 11..."
I'm loving the juxtaposition of the headlines:
Harris campaign should just tweet that screen grab.
I'm Kamala Harris and I approve this message 🤣👍
Well of course he was going to sell.
"post-lockup" Is this headline from the future?
"Lockup" is an investment term. When a company has an IPO (Initial Public Offering, which is the day they become publically available for stock trades), the big shareholders and company employees who are invested ahead of the IPO are "locked" from selling their shares for a certain number of days. This isn't required, but most companies having an IPO end up having a lockup period set as well.
In regards to this headline, it just means that the initial investors and big shareholders are now free to sell their shares, which they are apparently doing in droves!
which they are apparently doing in droves!
There was a rather public legal fight earlier with two of the co-founders (not Trump) who were trying to exit and claiming they had the right to do so earlier than the lockup date and that the company wasn't letting them do so. IIRC, they held about 10% of the company.
I'd assume that they got out or started getting out as soon as possible.
🍿🍿🍿
I should have shorted it.
I looked into it. Apparently shorting it was really difficult/nearly impossible because of the high demand of people who were trying to short it.
I thought about it but decided it wasn't a good idea to use logic on a stock powered by vibes / fraud. "The market can stay irrational longer than you can stay solvent" and all.
I thought about that. Apparently the short interest was so high they were charging shorts crazy interest rates to borrow it. You'd have to bet on a huge drop in a very short amount of time. I can't be bothered to look it up but I think it was something crazy like 40-50x a normal rate. One of the only reasons to hold was to charge short sellers interest, for a sane person anyway.
I didn't realize there was a correct response to my statement, but you just made it.
If I hadn't been out of work for months, I'd have started an account just to short it. It's rare to find such a sure bet.
Trump: I'm not selling!
company violently gets it's shit pushed in
Wait!! Stahp!!!
so not only is the stock plummeting, it means the employees there have no confidence in the company whatsoever lol.
Eh, consider selling and diversifying if you’re ever in this situation. (Not working for Trump Media – but an IPO after lockup expires.)
still you'd think employees at "Truth" social would be the kool aid drinkers all-in on everything trump.
Pretty much every dev I know is rooting against their corporate overlords.
Nah, they've seen behind the curtain
You're just not beating the S&P 500/Whole Market funds without some luck over the long run. My house has done it, and a handful of my individual stocks have done it.
checks Yahoo Finance
It's lost 29.69% of its value in the last five days.
The Saudis and Russia will shore up the price shortly before mushroomhead starts selling like a banshee, then they'll slurp up all his shares at the ask price. I've thought about call options but I'm not that brave.
That's what people are missing here. It's essentially just a vehicle for anyone to bribe trump nice and easy.
I don’t think Russia’s affording all that much nowadays.. last I heard, they were experiencing liquidity issues trading with China?
Russia has many different rich people in it. Some have more free cash than others, of course. It isn't some monolithic entity.
These reductions are so large it's hard to conceptualise.
There was a peak several months ago of $65. Now they're $13.55 or sth?
Commentators all along have been saying that the values are a proxy for Trump's popularity. If so, things aren't looking good.
They look pretty good from where I'm sitting.
Yeah. The current price is still insanity. I think the underlying value of the company is nil?
Sadly with all the electioneering fuckery Trump still has a good chance of winning.
The 52-week high is just under $80. That would be intra-day though, maybe it never closed above $65.
I'm betting that accelerates.
Oh that's beautiful. It's actually been a pretty good week for tech considering there was a pretty bad couple of days last week.
Trump's stock is almost the lowest it's ever been. It's lower than the IPO price.
Plummet 100% please.
DJT is down 70% over the past 6 months. Well on its way to 100%, if you ask me.
LET'S GO!!!!
Pennies on the dollar please.
🍿🤣