In case you were wondering, $DJT, the stock for Trump Media, has fallen from a high of $79 earlier this week to under $62 in current trading. It is 22% less valuable today than it was on Tuesday.
@j2dumfounded When you're dealing with money laundering and pump-and-dump schemes, short term volatility should not be mistaken for long term trends. This likely can and will fluctuate wildly.
@davetroy Well, the trend line on this one is all downhill, even though the basis is only four days.
@j2dumfounded yeah and see that huge spike right before that, and the one before that. anyone who might try to short it could get burned and burned badly.
@davetroy The idea of owning anything associated with the former president to me is so abhorrent I would never consider buying or shorting the stock. But all those suckers who bought it in early trading on Tuesday and paid $75 or whatever are probably experiencing some chagrin.
@j2dumfounded Depends who they are. If they are state sponsored, a) they don't care, b) they may know more pump is on the way.
@davetroy Yep chump change.
@davetroy But I think if we were to run a regression analysis on this, by July, it should be $25 at the rate things are going. Just in time for the convention!
@davetroy At this rate, he’ll be lucky if it’s worth five dollars by July.