I keep hitting refresh on the Truth Social stock price....
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I keep hitting refresh on the Truth Social stock price....
The schadenfreude is really making my day!!
https://www.google.com/search?client=fi ... edia+stock
Can we get to under $20 by today? I think we can!
https://www.google.com/search?client=fi ... edia+stock
Can we get to under $20 by today? I think we can!
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
Ah, it went back up 15% today!
Very disappointing.
Very disappointing.
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
This.
"Copying off of one person is called plagiarism.
Copying off of ten people is called research."
Copying off of ten people is called research."
Re: I keep hitting refresh on the Truth Social stock price....
Read that the board of directors released a statement telling people how to lock their shares so hedges couldn’t borrow and then short it. Ok I guess but not a great sign. Donald is itching to unload but he can’t for six months. Looking into unprecedented move where he could sell his shares to a private equity group and not run afoul of SEC laws. DJT has been advising chump bag holders to not sell for the good of America. Company has never made a profit and valued at 9 billion for the IPO. I’m beginning to think that Dementia Donnie is a. It of an unscrupulous person.
HeavyMetalZombie666 wrote:Learn the concept of keep your mouth shut or you will remained foed.
Re: I keep hitting refresh on the Truth Social stock price....
Are you short DJT? If so, good fucking job!HueyRamone wrote: ↑Tue Apr 16, 2024 8:54 am The schadenfreude is really making my day!!
https://www.google.com/search?client=fi ... edia+stock
Can we get to under $20 by today? I think we can!
HeavyMetalZombie666 wrote:Learn the concept of keep your mouth shut or you will remained foed.
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Re: I keep hitting refresh on the Truth Social stock price....
It's been a lot of fun to day trade -- going long and short!
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LAglamrocker wrote: ↑Wed Sep 20, 2023 10:45 am I can’t believe people actually don’t live in So Cal/ San Diego/Vegas circle ..waste of life
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Re: I keep hitting refresh on the Truth Social stock price....
It’s gonna go to sub $1 and get delisted. The financials are complete shit.
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Re: I keep hitting refresh on the Truth Social stock price....
As long as it's moving, whichever way it goes is fine with me.
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LAglamrocker wrote: ↑Wed Sep 20, 2023 10:45 am I can’t believe people actually don’t live in So Cal/ San Diego/Vegas circle ..waste of life
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Re: I keep hitting refresh on the Truth Social stock price....
Why'd it go from $22 to $41? Any thoughts?
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
It seems volatile.
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Re: I keep hitting refresh on the Truth Social stock price....
God damn it, it keeps going up! Those idiot rednecks are getting all their money back!
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
Someone is.HueyRamone wrote: ↑Mon Apr 29, 2024 7:47 am God damn it, it keeps going up! Those idiot rednecks are getting all their money back!
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Re: I keep hitting refresh on the Truth Social stock price....
Trump Media shares have more than doubled in price, adding billions of dollars to both the company’s market capitalization and the ex-president’s stake.
The gains occurred without significant news about the company’s bottom line improving.
But Jay Ritter, a business professor at the University of Florida, said that the recent bump in Trump Media’s stock price might be the short-term result of recent statements and regulatory filings by the company targeting short sellers.
“In the last week or so the company has informed its shareholders how to make it difficult to loan their shares to short sellers, and it is possible that the number of shares available to short has decreased, increasing the [cost] borrowing rate for short selling,” said Ritter, who is an expert on initial public offerings.
“And it is possible that some of them [short sellers] have cut back on that.”
Ritter also that “there might be some” short squeeze occurring, in which short sellers, who are betting that the share price will drop, are forced to repurchase Trump Media shares to replace the stock they borrowed to sell short. Such repurchases can drive the price of shares, which in turn increases pressure on short sellers to buy stock to cover their positions, which also leads to price bumps.
More news on Donald Trump
Earlier Monday, Trump Media issued a press release that essentially underscored previously released information to shareholders advising them on how to avoid having their stock shares loaned out for use by short sellers to bet the price drops.
The company last week asked Republican committee chairs in the House of Representatives to investigate what it claimed was potential manipulation of Trump Media’s share price by short sellers.
Ritter said that request, which has yet to be acted upon, also could be helping drive up the share price.
But regardless of how much the attack on short sellers is affecting the price, Ritter said that Trump Media remains a “meme stock,” whose market valuation bears little if any relationship to its underlying business, and future business prospects.
Trump Media has more than $200 million in cash, but its social media business last year booked $58 million in losses with revenue of just $4.1 million.
But the company has as its effective face Donald Trump, whose political supporters are among the small shareholders helping to bolster the stock price.
“With these meme stocks it’s really difficult to predict what’s going on on a daily or weekly basis,” Ritter said.
“Whether we’re dealing with a price of $32 per share a week ago, or $46 now, we’re quibbling about whether the stock is overvalued by 1,000% or 2,000%,” he said.
Ritter noted that Trump Media’s market capitalization, when factoring in 36 million extra shares Trump was recently granted as a result of the stock price staying above $17.50, is about $8 billion.
“A company with less than $5 million of annual revenue and losing lots of money and doesn’t seem to have business plans that are going to generate a lot of growth,” Ritter said. “The company might be worth a couple of hundred million dollars, but $8 billion seems like on the order of 2,000%” of what it should be worth according to traditional metrics, he said.
Ritter expects Trump Media’s share price to eventually plummet to the low single digits.
When meme stocks “get fantastically overvalued,” he said, “it’s easy to predict with a high degree of confidence that the long-term returns are going to be pretty bad.”
The gains occurred without significant news about the company’s bottom line improving.
But Jay Ritter, a business professor at the University of Florida, said that the recent bump in Trump Media’s stock price might be the short-term result of recent statements and regulatory filings by the company targeting short sellers.
“In the last week or so the company has informed its shareholders how to make it difficult to loan their shares to short sellers, and it is possible that the number of shares available to short has decreased, increasing the [cost] borrowing rate for short selling,” said Ritter, who is an expert on initial public offerings.
“And it is possible that some of them [short sellers] have cut back on that.”
Ritter also that “there might be some” short squeeze occurring, in which short sellers, who are betting that the share price will drop, are forced to repurchase Trump Media shares to replace the stock they borrowed to sell short. Such repurchases can drive the price of shares, which in turn increases pressure on short sellers to buy stock to cover their positions, which also leads to price bumps.
More news on Donald Trump
Earlier Monday, Trump Media issued a press release that essentially underscored previously released information to shareholders advising them on how to avoid having their stock shares loaned out for use by short sellers to bet the price drops.
The company last week asked Republican committee chairs in the House of Representatives to investigate what it claimed was potential manipulation of Trump Media’s share price by short sellers.
Ritter said that request, which has yet to be acted upon, also could be helping drive up the share price.
But regardless of how much the attack on short sellers is affecting the price, Ritter said that Trump Media remains a “meme stock,” whose market valuation bears little if any relationship to its underlying business, and future business prospects.
Trump Media has more than $200 million in cash, but its social media business last year booked $58 million in losses with revenue of just $4.1 million.
But the company has as its effective face Donald Trump, whose political supporters are among the small shareholders helping to bolster the stock price.
“With these meme stocks it’s really difficult to predict what’s going on on a daily or weekly basis,” Ritter said.
“Whether we’re dealing with a price of $32 per share a week ago, or $46 now, we’re quibbling about whether the stock is overvalued by 1,000% or 2,000%,” he said.
Ritter noted that Trump Media’s market capitalization, when factoring in 36 million extra shares Trump was recently granted as a result of the stock price staying above $17.50, is about $8 billion.
“A company with less than $5 million of annual revenue and losing lots of money and doesn’t seem to have business plans that are going to generate a lot of growth,” Ritter said. “The company might be worth a couple of hundred million dollars, but $8 billion seems like on the order of 2,000%” of what it should be worth according to traditional metrics, he said.
Ritter expects Trump Media’s share price to eventually plummet to the low single digits.
When meme stocks “get fantastically overvalued,” he said, “it’s easy to predict with a high degree of confidence that the long-term returns are going to be pretty bad.”
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
Just keeps going up and up.
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
Yeah. This is like GameStop and AMC. Eventually, the fundamentals will take over. Drive it down to under $1. Then delisted. Then bk. This WILL happen.
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Re: I keep hitting refresh on the Truth Social stock price....
gonna hit $50 today!
"Honey, we can afford to go to all the rallies this summer! Our Truth Central ernin's are comin in!!!"
"Honey, we can afford to go to all the rallies this summer! Our Truth Central ernin's are comin in!!!"
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
back up 7% today, but Forbes says it's gonna tank and the short sellers are back:
https://www.forbes.com/sites/johntobey/ ... 626f0e51dc
https://www.forbes.com/sites/johntobey/ ... 626f0e51dc
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
Company is trash. Hard to short it. I tried. Interest rate is super high.HueyRamone wrote: ↑Thu May 02, 2024 9:31 am back up 7% today, but Forbes says it's gonna tank and the short sellers are back:
https://www.forbes.com/sites/johntobey/ ... 626f0e51dc
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Re: I keep hitting refresh on the Truth Social stock price....
Are people who shorted it at $22 totally fucked, now that it's near $50?DemonFilth2001 wrote: ↑Thu May 02, 2024 9:58 amCompany is trash. Hard to short it. I tried. Interest rate is super high.HueyRamone wrote: ↑Thu May 02, 2024 9:31 am back up 7% today, but Forbes says it's gonna tank and the short sellers are back:
https://www.forbes.com/sites/johntobey/ ... 626f0e51dc
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
Re: I keep hitting refresh on the Truth Social stock price....
Yes probably
HeavyMetalZombie666 wrote:Learn the concept of keep your mouth shut or you will remained foed.
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Re: I keep hitting refresh on the Truth Social stock price....
Not necessarily. They probably received margin calls.HueyRamone wrote: ↑Thu May 02, 2024 10:22 amAre people who shorted it at $22 totally fucked, now that it's near $50?DemonFilth2001 wrote: ↑Thu May 02, 2024 9:58 amCompany is trash. Hard to short it. I tried. Interest rate is super high.HueyRamone wrote: ↑Thu May 02, 2024 9:31 am back up 7% today, but Forbes says it's gonna tank and the short sellers are back:
https://www.forbes.com/sites/johntobey/ ... 626f0e51dc
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Re: I keep hitting refresh on the Truth Social stock price....
I shoulda put all my earnin's in it!! The line only goes up!!
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
".... (the) social media business last year booked $58 million in losses with revenue of just $4.1 million..."
That's a crazy statistic. Trumper's gonna Trump apparently
That's a crazy statistic. Trumper's gonna Trump apparently
It's good to be bad
It's the best time you'll ever have
What the hell is this ultra sad
Pray for your cool and work on that ass!
It's the best time you'll ever have
What the hell is this ultra sad
Pray for your cool and work on that ass!
Re: I keep hitting refresh on the Truth Social stock price....
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Re: I keep hitting refresh on the Truth Social stock price....
Alright, it's down to $44.... but that's still crazy high! Should be 44 cents!
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
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Re: I keep hitting refresh on the Truth Social stock price....
They generated $750,000 revenue in the first quarter! Almost a MILLION dollars!
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Re: I keep hitting refresh on the Truth Social stock price....
ok, the graph looks like it's the beginning of a fucking ski slope to zero.... we'll see...DemonFilth2001 wrote: ↑Tue May 21, 2024 9:07 am They generated $750,000 revenue in the first quarter! Almost a MILLION dollars!
Don't Damn Me wrote: ↑Tue Sep 12, 2023 7:21 pm Dummy, are you aware that hydroxy-chloroqin and Ivermectin have since been proven effective?
Re: I keep hitting refresh on the Truth Social stock price....
And reported Q1 losses of 327 million. To the moon!DemonFilth2001 wrote: ↑Tue May 21, 2024 9:07 am They generated $750,000 revenue in the first quarter! Almost a MILLION dollars!
HeavyMetalZombie666 wrote:Learn the concept of keep your mouth shut or you will remained foed.