• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

[W: #764] Trump Media stock tanks as new filing reveals heavy losses, 'greater risks' on Trump's involvement

it's under $30 now.

nine or ten days ago it was almost $80.

i hope no one bought it long term.
 
Last edited:
EnigmaO01 said:
I usually like your posts but you're not making any sense. The stock keeps falling and is nowhere near 70. How can you say it's moving north of 70? What am I missing?
Click to expand...
Hi, Enigma O01.

Thanks for the nice comment. I was referring to the period when the stock merged, starting about 3/22/2024, when the stock headed upward and, a few days later, reached levels above 70$US/share. Now, it should make sense. Please check the chart to verify: https://www.nasdaq.com/market-activity/stocks/djt

As of 10:30 AM EDT, the stock is continuing its downward run, now at roughly $30.25/share.

Regards, stay safe 'n well.
 
you guys may not know this but to SELL a stock you have to have a BUYER. you don't just get to sell to some magical entity/the market when you're ready to sell.

that means that people have been BUYING this stock all the way from almost $80/share to today when it's under $30/share.
 
it's bouncing now. only down 96 cents for the day. was down $3.
 
It broke support earlier this week. Going down to at least $15 unless any news comes out about it
 
this stock almost looks like it trying to form a (daily chart) rounded bottom. that's a bullish sign.

now, i don't think this is a normal stock so who knows.
 
CaughtInThe said:
finance.yahoo.com

Trump Media stock tanks as new filing reveals heavy losses, 'greater risks' on Trump's involvement

After a strong debut last week, shares of Donald Trump's media company were under pressure Monday after meager sales and deep losses were revealed in a new filing with the SEC.
finance.yahoo.com finance.yahoo.com



First, by the time I post this thread the stock could have rebounded. It could skyrocket for all I know (I traded for a long time and things are just mostly unpredictable).

And in the long term it may be selling in the 100s. Or the 20s. But the news of heavy losses today "should" beat it down for awhile.



"Trump Media & Technology Group (DJT), the parent company of Donald Trump's social media platform Truth Social, sank more than 22% in midday trading on Monday following its blockbuster debut last week.

The stock drop comes on the heels of an updated regulatory filing early Monday that showed the company taking on heavy losses and facing "greater risks" associated with the former president's ties to the platform."
Click to expand...
What is a “dead cat bounce”?
 
CaughtInThe said:
where was support? i've been trying to determine that since (i think) this was a merge.
Click to expand...
I would consider $37ish. Bounced off it that for awhile and after the initial buys. Then saw heavy volume at $37 when the pump went into full swing. Looking at the chart most of the volume was at $37 so when it dropped below that, a lot of people started seeing red.

Screenshot_20240412_095347_Chrome.webp
 
dncc said:
What is a “dead cat bounce”?
Click to expand...
A short lived rise in price as a stock aggressively falls. This can happen when people cover their shorts or a number of people think it's hit bottom.

Stocks usually don't signal bottoms until there's a large volume of capitulation. If you look at price to volume chart, it doesnt look like $DJT has "capitulated" yet, meaning owners havent in large amounts given up and just dumped their shares.

While the sale price of the stocl has gone down rapidly, I still don't see the same kind of heavy volume that made it skyrocket.
 
ScrambledEggs said:
I would consider $37ish. Bounced off it that for awhile and after the initial buys. Then saw heavy volume at $37 when the pump went into full swing. Looking at the chart most of the volume was at $37 so when it dropped below that, a lot of people started seeing red.

View attachment 67504069
Click to expand...
that's where THIS stock is confusing me. when i traded a lot i don't ever remember having to think about companies that merged (although i "guess" i did).

so, the IPO was around 10 days ago, right? BUT, didn't DJT merge with another company then?? what was the previous company's name/ticker? i'm assuming that we're looking at the "other" company's stock price prior to 10 days ago, right?

or am i just totally misunderstanding what happened??
 
ScrambledEggs said:
A short lived rise in price as a stock aggressively falls. This can happen when people cover their shorts or a number of people think it's hit bottom.

Stocks usually don't signal bottoms until there's a large volume of capitulation. If you look at price to volume chart, it doesnt look like $DJT has "capitulated" yet, meaning owners havent in large amounts given up and just dumped their shares.

While the sale price of the stocl has gone down rapidly, I still don't see the same kind of heavy volume that made it skyrocket.
Click to expand...
I wonder how much the major investors like Trump being required to hold stock has kept it from entirely dumping to zero
 
ScrambledEggs said:
A short lived rise in price as a stock aggressively falls. This can happen when people cover their shorts or a number of people think it's hit bottom.

Stocks usually don't signal bottoms until there's a large volume of capitulation. If you look at price to volume chart, it doesnt look like $DJT has "capitulated" yet, meaning owners havent in large amounts given up and just dumped their shares.

While the sale price of the stocl has gone down rapidly, I still don't see the same kind of heavy volume that made it skyrocket.
Click to expand...
The way this looks is that it might be the last of the die hards trying to pump it up to certain minimums as a bail point then dumping chunks. I dunno. Just guessing.

1000001873.png
 
poweRob said:
The way this looks is that it might be the last of the die hards trying to pump it up to certain minimums as a bail point then dumping chunks. I dunno. Just guessing.
Click to expand...
That would be my guess as well. This stock's only use is as a pump 'n dump for the big investors.
 
Allan said:
That would be my guess as well. This stock's only use is as a pump 'n dump for the big investors.
Click to expand...
There is no monetary value in it. And worse, there is no prospected vision of it making profit. I mean companies like all these food delivery apps have yet to turn a profit but the business model projects breaking that threshold. This has nothing but a cult following believing in vaporware.
 
You must log in or register to reply here.
Back
Top Bottom