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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 Sep 04, 2024 3:42pm

Lock-Up

If the powers that be can keep DJT shares trading above $12 for 20 days starting from Friday Aug.23rd then Trump's shares will be released on the earliest date of Sept.20th.  Coincidentally Sept.20th happens to be the 21st day.
So, in other words, we will absolutely not see DJT trade below $12 before Sept.20th.  Buyers will come out of the woodwork to prevent that from happening IMHO of course.
Comment by pierrelebel on Sep 04, 2024 3:46pm
DJT has dropped $10 in the last month - from $27 to $17 ($0.50 a trading day on average) At that rate it could certainly drop below $12 by September 20th. Time will tell
Comment by BlackBear22 on Sep 04, 2024 3:59pm
I doubt it because 5 trading days will seem like an eternity for Trump as he watches the value melt away.
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