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Bullboard - Stock Discussion Forum Trump Media & Technology Group Corp DJT

Trump Media & Technology Group Corp. (TMTG) is a social media and technology-focused company. The Company's product, Truth Social, is a social media platform where any user can create content, follow other users and engage in an open global conversation. The Company does not restrict whom a user can follow. Additionally, users can be followed by other users without requiring a reciprocal... see more

NDAQ:DJT - Post Discussion

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Post by BlackBear22 on Apr 19, 2024 7:12am

Just a game

There is no investment strategy going on here.  A heavily shorted stock with limited supply and zero fundamentals equals wild swings that are no more than a crapshoot to predict.
To liken the performance of this stock to Trump's chances for re-election is unfair.  Shorts might be forced to cover their position driving the share price up, whereas voters are free to choose who they want as president.
Comment by westcoastlogger on Apr 19, 2024 8:33am
I was telling the hundreds of haters around here that same scenario 3 weeks ago. Remember GameStop haters?? Fry the shorts I say.
Comment by tylerreddick on Apr 19, 2024 9:08am
And look what happened to Gamestock's share price after the pump was over.
Comment by rockminer56 on Apr 19, 2024 8:56am
I dont know how short suppoy is as there was a staggering 17.87 million share traded yesterday, and 13.46 million on the 17th April. This was 3 or 4 times the average volume we saw durilng the proceeding 10 days. I cant figure out who would be buying this quantity of stock.  There is still a preponderance of the investor (smhuck) buying the 1 or 2 shares, however we now see trades of a couple ...more  
Comment by westcoastlogger on Apr 19, 2024 9:22am
Hey Miner!! Wake up and smell the bacon man. Its us Trump supporters that are supporting him Its exactly how I said it was going to come down 3 weeks ago and the more he gets railroaded in this Liberal/Dem  kangaroo court the more we will prop up his stock. GameStop actually hit over 400 bucks one day. Crazy man, but thats life in the fast lane.
Comment by westcoastlogger on Apr 19, 2024 9:27am
Millions of us out here with lots of money and just happen to like what Trump has to offer.
Comment by tylerreddick on Apr 19, 2024 9:36am
Your definiton of "lots of money" is probably a lot different than mine. Your supposed "trade" here is pocket change.
Comment by PlantManager013 on Apr 19, 2024 9:41am
"Lots of money" .. What did you do? Got a reverse mortgage on your trailer?
Comment by tylerreddick on Apr 19, 2024 9:41am
Hahahaha, good one!
Comment by BlackBear22 on Apr 19, 2024 9:46am
WC, you have to take a closer look at the trading history of Gamestop and AMC.  Sure if you are lucky enough to time your purchase in an upleg and take profits it's fine, but for the vast majority of buyers, they never got out without a loss. It's a pump and dump stock like many others before it.   If you are correct and Trump supporters will be pouring money into this stock ...more  
Comment by westcoastlogger on Apr 19, 2024 10:08am
I bought a few thousand shares at 13 in June, took my cost out on the way to 65 and sold the rest at 50 and here I sit watching the show. I was actually hoping and thinking this would drop back to the low teens but who knows what could happen here. Maybe I should of got back in 22 recently.
Comment by tylerreddick on Apr 19, 2024 10:31am
Sorry, no one believes your "story", as you only showed up here when the share price went on a run, and all the Trump sheep were buying, and since lost their shirts. You were probably buying near the top like them.
Comment by Moemoney42 on Apr 19, 2024 10:38am
And now you have the 3rd version of logjams trading of the imaginary trade.. LOL.. So what is it logjam.. at first you said 2000 shares bought with a stop loss.. then its 3000 shares sold at $50, now its cost out on the way to $65 and the rest at $50.. maybe you have a short memory but the rest of us don't..! Busted again..!
Comment by a2bman on Apr 19, 2024 9:53am
Lots of money. I think thats the GAAP term trump and his bonding companies uses in their financial statments 
Comment by dealmein1523 on Apr 19, 2024 1:21pm
All that means is there are a lot of suckers out there . Stock will go up ,trump will sell , stock goes down . Faithful followers like you crying the blues  wake up that's the game . Been going on for years but trump has so many blind followers that he can skin . He's done it all his luck  watch the stock if you see the volumne crater or price dropping take your profit . At least ...more  
Comment by zombize on Apr 21, 2024 9:19pm
You get one green day and you act like some kind of market oracle, lol. Gamestop does 6 billion in revenue annually and is actually profitable. Truth social does 5 million and is hemmoraging money. The fact that you think these companies are in any way comparable shows your ignorance of the market. Blind MAGA delusion will definitely prop this shyt pile up longer than it should be, but ...more  
Comment by tylerreddick on Apr 19, 2024 9:05am
Your point is well taken. The trading volume vs the number of shares available to trade is very high. That means the stock is getting churned, traded back and forth all day, probably by the same big trading houses, trying to see who has the biggest cojones. Any little retail guy trying to trade in that environment is taking huge risks. And anyone trying to claim the recent rally is an indication ...more  
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