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Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. is a social media and technology-focused company. The Company’s social media platform, TruthSocial, provides an outlet outside of Big Tech that encourages open global conversation without discriminating against political ideology. The Company is also focused on developing a subscription-based video streaming service, TMTG+, which intends to include access to non-woke entertainment, news, documentaries, podcasts and more.


NDAQ:DJT - Post by User

Comment by dart321on May 07, 2024 3:46pm
45 Views
Post# 36027417

RE:Volume Collapsing

RE:Volume CollapsingLOL, what never seen a pump crew before? Here this is what a pump crew does. They are hired by a company to boost the share price of a stock to a certain price. The cost of the pump crew will depend on what the stocks share price is before and where they need to take it. Based on this share price and where it was taken to I suspect the cost to the company would have been in the 20 million range. So how do they do this, they bring a sizable group in to trade the stock every few seconds, buy, sell,buy,sell that quick which creates huge trading volumes which in turn attracts the day traders. The stock reaches the appointed share price the pump then stops and the pump crew move onto the next pump. Meanwhile the stock they where pumping starts to show weakness and drifts lower with ever decreasing daily volumes. Over a period of time the volume drys up and the stock usually tanks lower from where it first started before the pump was underway.
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