Trump’s media company

[djAdvocate]

LOL!

this is one of the reasons i avoid stocks with large institutional investment. they mess up the game for the retail investor.

[minnesotapaintlady]

Wow. I didn't realize this little snippet. 

His stake in the company makes up more than half of his total net worth, according to Forbes, which estimates Trump is worth about $3.7 billion.

www.businessinsider.com/trump--djt-stock-sell-lockup-truth-social-2024-8

[djAdvocate]

Sept 16, 2024 13:27:03 GMT -5 minnesotapaintlady said:

Wow. I didn't realize this little snippet. 

His stake in the company makes up more than half of his total net worth, according to Forbes, which estimates Trump is worth about $3.7 billion.

www.businessinsider.com/trump--djt-stock-sell-lockup-truth-social-2024-8

yeah, it is certainly his biggest grift, yet.  without a doubt.

keep in mind, his $1.5B stake in Truth was worth 5x more a short time ago.

[djAdvocate]

stock is falling again this morning. off 4% to $17.3. unusually quiet day today for this paper tiger. it has had less than $0.50 trading range since 1 hour after opening.

it had a big pop last week, after he said he would not sell after the lockup ended. it went up nearly 50% to around $21.

[happyhoix]

Sept 16, 2024 15:04:55 GMT -5 djAdvocate said:

stock is falling again this morning. off 4% to $17.3. unusually quiet day today for this paper tiger. it has had less than $0.50 trading range since 1 hour after opening.

it had a big pop last week, after he said he would not sell after the lockup ended. it went up nearly 50% to around $21.

Yeah I saw him insisting he wasn’t going to sell.

I don’t believe him.

[pulmonarymd]

I don't see why you wouldn't trust him. He is the most honest person ever.

[djAdvocate]

this is a good illustration of trustworthy and reliable.

i trust that Trump will lie as often as possible.

[happyhoix]

I trust he will only do whatever benefits him financially the most.

Morals of a banana slug.

[thyme4change]

Sept 16, 2024 17:22:02 GMT -5 happyhoix said:

I trust he will only do whatever benefits him financially the most.

Morals of a banana slug.

Why ya gotta do banana slugs like that? What did they do to you?

[minnesotapaintlady]

I do enjoy logging in in the morning to see the stock market soaring and DJT hitting another all time low.

[happyhoix]

Sept 18, 2024 9:59:35 GMT -5 thyme4change said:

Sept 16, 2024 17:22:02 GMT -5 happyhoix said:

I trust he will only do whatever benefits him financially the most.

Morals of a banana slug.

Why ya gotta do banana slugs like that? What did they do to you?

Banana slugs are simple creatures who only want to eat and have sex. That’s not a moral failing, on their part. That’s just what banana slugs do

Trump, on the other hand, ought to have more elevated thoughts beyond sex and hamberders, but he doesn’t. In a human, that’s a disaster.

[djAdvocate]

Sept 19, 2024 9:29:09 GMT -5 minnesotapaintlady said:

I do enjoy logging in in the morning to see the stock market soaring and DJT hitting another all time low.

the stock had some support at $15.50, but that has given way this morning.  it is currently trading at $14.64, just 1% above my interim target.  

[djAdvocate]

NOTE TO THE WATCHERS:

every dollar the stock drops loses Trump $100M on paper.

[djAdvocate]

i just read something really interesting in the buy-sell agreement:

the lockup agreement that bans insiders from selling shares right after an IPO will expire on Friday, if the price holds above $12 a share.

if the price does NOT hold above $12, he won't have to engage in the lockout. but with only two days to go, and the stock falling below $15, there is not much difference.

it is interesting that the stock might actually sell below $12 BEFORE the lockout expires. but i don't think it is likely to do that.

[djAdvocate]

stock closed at $14.70 today.
this is a record low for DJT.

edit: it had a very active after-hours session, trading as low as $14.00  

amazing short play.

[billisonboard]

Sept 19, 2024 19:09:57 GMT -5 djAdvocate said:

stock closed at $14.70 today.
this is a record low for DJT.

edit: it had a very active after-hours session, trading as low as $14.00  

amazing short play.

For a nice contrast with that record low: Dow, S&P 500 close at record highs after Federal Reserve’s supersized rate cut

[tallguy]

I saw a headline that it was down this morning.  I hadn't been following and wondered, "Is it under $15.00 yet?"  It was at $15.01 then.  

[minnesotapaintlady]

Sept 19, 2024 13:30:42 GMT -5 djAdvocate said:

NOTE TO THE WATCHERS:

every dollar the stock drops loses Trump $100M on paper.

Well, he started out this morning 100M poorer (on paper).  

[djAdvocate]

it is under pressure again. testing $13.50.

it MIGHT close above $14.

[minnesotapaintlady]

The Yahoo Finance commentary is hilarious.

finance.yahoo.com/quote/DJT/community/

[djAdvocate]

it closed at $13.55

it is getting absolutely crushed.

[djAdvocate]

Sept 20, 2024 14:52:47 GMT -5 minnesotapaintlady said:

The Yahoo Finance commentary is hilarious.

finance.yahoo.com/quote/DJT/community/

do you remember the Uranium One story?
it was billed as Hillary is selling our Uranium to Russia or something.  it was a complete fabrication, really.

there was a GREAT article on that in MoneyCentral.  he utterly lampooned all of the assumptions about the deal.  financial people are not always utterly without wit.

[teen persuasion]

Sept 20, 2024 14:52:47 GMT -5 minnesotapaintlady said:

The Yahoo Finance commentary is hilarious.

finance.yahoo.com/quote/DJT/community/

It is interesting! Especially how many are admitting they are Republicans, but despise Trump and are endorsing Harris. Just a few oddball individuals bullish on the stock, everyone else is snickering at how many MAGA sheep will get fleeced holding it while Trump cashes out ASAP.

[djAdvocate]

financial people are normally pretty sober about this stuff. it is a shame that they are not representative of the general population, who, increasingly......


SCARE ME.

[minnesotapaintlady]

Another fun day at Yahoo.    There's no way Trump isn't dumping shares with the volumes that have been going through the past couple days.

[resolution]

The sad thing is his followers are still buying it to try to prop him up.

www.cbsnews.com/news/trump-media-djt-stock-new-low-lockup-donald-trump/

Trump Media & Technology Group has attracted thousands of small investors who bought shares as a way to express support for the former president. On Thursday, as the stock sank to a new low, some took to Truth Social to urge the stock upward and profess their faith that DJT shares will see better days.



"I'm going to buy more," one member of the DJT stock group on Truth Social wrote Thursday. "Prices are ridiculously low ... even though I realize nothing is going to happen until Donald J. Trump is back in office."

[minnesotapaintlady]

Sept 23, 2024 9:25:28 GMT -5 resolution said:

The sad thing is his followers are still buying it to try to prop him up.

www.cbsnews.com/news/trump-media-djt-stock-new-low-lockup-donald-trump/

Trump Media & Technology Group has attracted thousands of small investors who bought shares as a way to express support for the former president. On Thursday, as the stock sank to a new low, some took to Truth Social to urge the stock upward and profess their faith that DJT shares will see better days.



"I'm going to buy more," one member of the DJT stock group on Truth Social wrote Thursday. "Prices are ridiculously low ... even though I realize nothing is going to happen until Donald J. Trump is back in office."

Yeah, it's easy to tell there are people using their ciggy money with all the 1 and 2 share lots going through on the ticker. 

[djAdvocate]

it's down another 6% today.

[happyhoix]

I saw $12.56 Monday morning.

Trump is insisting he won’t sell because ‘I don’t need the money.’

Which doesn’t explain why he’s selling little 1 inch pieces of the suit he was shot in.

That doesn’t seem like a very presidential thing to do, if you’re fabulously rich.

[resolution]

I thought this article had a lot of insight about what would happen if Trump started selling and how he would go about doing so.


www.jdsupra.com/legalnews/what-s-going-on-with-trump-s-lockup-8253286/

Must Trump disclose his sales?

As noted above, in any marketed sale to the public, Trump would have to disclose such a sale in advance as part of his marketing efforts and in compliance with applicable securities laws. Trump could sell shares in transactions that are not publicly marketed, in which case he may not have to disclose to the market that he is making such a sale in advance, but in practice it may be difficult to sell a substantial number of shares at anywhere close to market prices without marketing them. In any event, Trump would be required to publicly report such a sale to the Securities and Exchange Commission (SEC) by filing a Form 4 pursuant to Section 16 of the Securities Exchange Act of 1934 (the “Exchange Act”) within two business days following such a sale. He may have additional, more detailed reporting requirements under Section 13 of the Exchange Act if the sale is for greater than 1% of DJT’s common stock. It seems likely that a small transaction would be inadvisable from a financial perspective due to the negative impact the reporting of such a transaction would have on the value of Trump’s unsold securities. In order to monetize a substantial portion of his holdings without notifying the public in advance, Trump would have to find a party willing to buy his shares directly, knowing that the transaction would be announced to the public shortly thereafter, and that the stock price would, in all likelihood, suffer significantly as a result. If it is indeed the case that a significant portion of the value of DJT to its investors is Trump’s involvement, then his reporting obligations may limit his ability to get market value for his shares and, perhaps somewhat counterintuitively, act as something of an optics-based lockup in the absence of a contractual one.