You know, I'm not a smart man

[Aviation Pro]

But when I see DJT stock rise more than 125% without any profits, without any real advertisers and without any groundbreaking technology, I'm a little inclined to believe that money is being pumped into the stock by dishonest, sneaky, fucking outside players.

Same goes for the betting polls.

[Peacetrain]

1. (Cough cough) Elon Musk (cough cough)

[littlemissmartypants]

12. My first thought. ...

But why would he? What about xitter?

[Joinfortmill]

19. He's a Fascist. He wants power, influence and money.

[Tweedy]

20. I think he is being psychologically played

But you may be right.

The man certainly seems to want our constant attention. Too bad Mr. Musk chooses not to examine his own self when asking himself why his life seems so empty.

Just think if we had a fair taxation system where the wealthy actually paid the same percentage their gulfstream pilots do, none of us would have to hear every miserable detail of Elon Musk’s midlife crisis. The poop in the adulterous bed was quite sufficient information for me.

[malaise]

13. Musk

Oil

[KPN]

15. Exactly. TSF is bought and paid for. For Musk, chump

change. Musk is the more dangerous.

[spanone]

2. K&R

[Quiet Em]

3. It's just so obvious at this point.

Elon is pumping millions into this election.

[634-5789]

21. Told me everything I kinda already knew...

...when he was hopping around on stage like a demented cheerleader at Peepaw's Hate Rally

[ProfessorGAC]

4. 146.5% In 3 Weeks

When it was falling because everyone knew that there was practically zero financial basis.
Then, before it could get close to a realistic value, ut goes back up?
Pretty indicative of a rigged, out-of-control market

[Hugin]

5. I called it back in August...

The big dump is coming in a few weeks, when the High Maintenance Mussolini packs his pockets with the contents of the tip jar and shambles away with a toilet paper streamer dangling from the back of his pants.

It's of no concern to me if they prioritize buying ego rather than y'know campaigning.

[LetMyPeopleVote]

6. The greater fool theory in operation

Last edited Mon Oct 14, 2024, 06:24 PM - Edit history (1)

I am sorry for these idiots but they were stupid to trust TFG. Meme stocks rely on the greater fool theory. I was amused to see that DWAC/Trump Media is classified as a meme stock where the value is due to personality and not due to the real value of issuer of the meme stock. This article is a good discussion of the meme nature of DWAC/TMT.
https://www.vanityfair.com/news/donald-trump-truth-social-media-merger

Trump’s financial future now hinges on some of the strangest fads in corporate finance—meme stocks, SPAC deals, and cult-of-personality investing. If Trump can find a way to act fast, it might just be the bailout he desperately needs.

Truth Social is a bad imitation of Twitter, where Trump was an unavoidable presence long before he ran for president. It’s chock full of stale red-pilled memes, MAGA conspiracy theories, and of course, Trump. That’s the main draw. Truth Social is the only place the former president now regularly posts his unfettered thoughts......

DWAC is best thought of as a meme stock. You may remember the meme stock fad from when retail investors on Reddit successfully coordinated a short squeeze with GameStop stock, before glomming onto a series of other millennial nostalgia brands like AMC Entertainment, BlackBerry, and Bed Bath & Beyond. Meme stocks are often publicly traded companies that attract an inordinate percentage of individual investors and their stock performance fluctuates in a way that’s significantly divorced from the reality of their underlying business. Combine those two trends and you’ll start to see why Trump’s media company could be valued at roughly $9 billion if it merges with DWAC.

Jay Ritter, a finance professor at the University of Florida, says meme stocks often depend on the “greater fool theory of investing,” meaning rational investors might buy in expecting the stock price to rise and betting that they can sell their shares to a greater fool willing to buy them at a higher price. In this case, however, Ritter speculates there is an inordinate number of individual retail investors compared to institutional investors, such as hedge funds, that normally own SPAC shares prior to a merger. “Here you’ve got ideology involved [too]—as far as I can tell, the vast majority of DWAC investors are Trump political investors, and they’re to some degree putting their money where their mouth is… My suspicion is most of them have bought the stock as a show of political support.” In this way, Trump is conducting yet another public fundraising from his supporters—this time through the public markets.

Idiots who purchase meme stocks are betting that they can get out before the other idiots figure out that the stock is worthless

[Gore1FL]

7. It's an unpredictable meme stock.

There are too many people trying to game it.

My advice is to avoid it. It will ultimately go down the toilet, but it is unknowable when that will be.

[rubbersole]

8. I used to think "pump and dump"...

...in the tsf's world just referred to his wives.

[malaise]

9. Yep

Rec

[erronis]

10. Just another way to launder money. Expect to see a bunch of Russians, Arab states, US billionaires, etc.

The usual scum.

[surfered]

11. When Trump Casino was in financial trouble...

…Trump’s father walked in with $1 million in cash and placed a losing bet. Maybe benefactors are buying DJT stock as an under the table payment to Trump for future favors. Elon Musk showed that Trump is for sale.

[Brother Buzz]

14. Dead Cat bounces until 06 November, then it falls off the cliff

[MayReasonRule]

16. 100% Accurate

[Picaro]

17. This is another sign of corruption

Someone that can afford it is pumping this stock.

Musk, Saudis, Russians and other assorted right wing billionaires most likely.

Business fundamentals say this stock should be worth pennies now.

[Joinfortmill]

18. I'm with you!

[kimbutgar]

23. Too bad the government agency that covers insider trading doesn't investigate this suspicious stock trading

The insider short sellers knocked the stock down and once it got low enough they brought it back to cover their short which raised up the stock price. A bunch of regular people probably shorted the stock also and panicked and brought back the stock to cover it. I’d short it again now if I still traded stocks. This is such an a typical insider trading tactic!