RE:Why Trump Media Stock was soaring this week...I don't know if you have watched any of the videos of the news media interviewing Trump supporters, but it is very telling. They believe everything Trump says, even the most crazy chit that spews out of his dementia-riddled mind. The media people show them evidence that the lies are just that, outright lies, and yet they refuse to even consider the facts.
It is a CULT.
And that is why people are buying this stock, it is a CULT, and it is really hard to inject reality into that equation.
Trump's cult memebers don't seem to care that this company loses money every day, and will most likely continue to lose money until it is bankrupt. So they will most likely continue to buy shares, even as Trump unloads his hundreds of millions of shares at a big profit.
Trump is probably laughing at just how dumb his cult members are, as he fleeces them just as he has fleeced everyone else who has believed his lies in the past.
So I'll give it to Trump, he is a great con man, just not presidential material.