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AZLD4Candidate

(6,285 posts) Tue Oct 29, 2024, 12:19 PM Oct 29

DJT stock extends surge in volatile trading as Trump, Harris election nears

Source: Yahoo Finance via AOL News

Trump Media & Technology Group stock (DJT) was briefly halted several times in early trading on Tuesday, but shares still managed to extend their five-week surge, rising around 10%.

The volatile stock moves come as investors bet on improved chances that Donald Trump will win the November presidential election, set for a week from Tuesday.

Tuesday's gains built on a more than 21% gain Monday following the former president and Republican nominee's highly criticized rally at Manhattan's Madison Square Garden (MSG) over the weekend. At current levels, the stock is trading at its highest level since May, with shares up about 270% from their September lows.

Trump's rally sparked backlash from both sides of the political aisle after comedian Tony Hinchcliffe made inflammatory jokes about Latinos and the Black community, while anti-immigration comments also dominated headlines.

Read more: https://www.aol.com/finance/djt-stock-skyrockets-following-donald-152436260.html

It's all a fucking grift for this fucking goniff.

15 replies

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DJT stock extends surge in volatile trading as Trump, Harris election nears (Original Post) AZLD4Candidate Oct 29 OP

Meanwhile the SEC looks on and sees moniss Oct 29 #1

Political Contributions FredGarvin Oct 29 #5

They aren't too swift at the SEC mdbl Oct 29 #15

Whoever is buying this stock is going to be left holding the biggest bag Ray Bruns Oct 29 #2

Offshore accounts registered to Delaware companies most likely FredGarvin Oct 29 #4

Left holding, or just donating? n/t BadgerKid Oct 29 #6

DJT is up 440% in a month FredGarvin Oct 29 #3

Valuation about $10 billion, which is same as Forbes valuation of X/Twitter Bernardo de La Paz Oct 29 #7

The company has lost around $60 billion in 2 years, I believe. louis-t Oct 29 #9

Trump Media has lost less than half a billion in two years. You are thinking of X/Twitter Bernardo de La Paz Oct 29 #11

Had my number wrong, but louis-t Oct 29 #13

I have a feeling that those who know better are going to be buying short Monday. Javaman Oct 29 #8

It's "buy long", "sell short" . Otherwise, I agree with you about idiots and morons Bernardo de La Paz Oct 29 #12

I read somewhere trading was halted 4catsmom Oct 29 #10

I guess that mean my offer to buy 10 shares at a dime a share will have to wait another week. Wonder Why Oct 29 #14

moniss

(5,752 posts)

1. Meanwhile the SEC looks on and sees

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 12:25 PM

Oct 29

nothing fishy happening here. Hey SEC it's called stock price manipulation with crooked money for crooked people. Just giving them a hint of a direction to go. Not that they will.

FredGarvin

(557 posts)

5. Political Contributions

Reply to moniss (Reply #1)

Tue Oct 29, 2024, 12:38 PM

Oct 29

mdbl

(5,488 posts)

15. They aren't too swift at the SEC

Reply to moniss (Reply #1)

Tue Oct 29, 2024, 07:34 PM

Oct 29

Bernie Madoff for one example. Enron for another.

Ray Bruns

(4,604 posts)

2. Whoever is buying this stock is going to be left holding the biggest bag

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 12:26 PM

Oct 29

Of odorous excrement in the history of capitalism.

FredGarvin

(557 posts)

4. Offshore accounts registered to Delaware companies most likely

Reply to Ray Bruns (Reply #2)

Tue Oct 29, 2024, 12:37 PM

Oct 29

BadgerKid

(4,676 posts)

6. Left holding, or just donating? n/t

Reply to Ray Bruns (Reply #2)

Tue Oct 29, 2024, 01:20 PM

Oct 29

FredGarvin

(557 posts)

3. DJT is up 440% in a month

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 12:36 PM

Oct 29

The SEC is silent.

Trump is going to make billions on this obvious scam when he exercises his option contracts

Bernardo de La Paz

(50,921 posts)

7. Valuation about $10 billion, which is same as Forbes valuation of X/Twitter

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 02:52 PM

Oct 29

Of course, the only value DJT stock has is the tRump brand. It will collapse.

https://www.marketwatch.com/articles/djt-stock-price-halt-trump-media-truth-social-67f26b30?mod=mw_quote_news

Trump Media’s $9.5 billion market value as of Monday’s close puts it in the same ballpark as X, the social media site formerly known as Twitter that Elon Musk took private. Although X is no longer publicly traded, investment group Fidelity still has a stake in the firm. It published the values of its holding regularly, with the latest estimates putting X’s worth at just under $10 billion, according to Forbes magazine.

That’s especially remarkable given DJT’s earnings—it reported a $16 million loss in the second quarter on less than $1 million in revenue. Twitter, before Musk bought it for $44 billion in October 2022, was pulling in more than $1 billion in revenue each quarter.

louis-t

(23,720 posts)

9. The company has lost around $60 billion in 2 years, I believe.

Reply to Bernardo de La Paz (Reply #7)

Tue Oct 29, 2024, 03:49 PM

Oct 29

Anyone buying the stock is "buying air" as my brother used to say about the dot coms, right before they collapsed.

Bernardo de La Paz

(50,921 posts)

11. Trump Media has lost less than half a billion in two years. You are thinking of X/Twitter

Reply to louis-t (Reply #9)

Tue Oct 29, 2024, 04:20 PM

Oct 29

X/Twitter is not traded on the stock market. It is an estimate that it's capital valuation has lost over 75% of what Musk paid for it, lost $30 billion value. But he did a deal with Middle East money for more than half, I think.

louis-t

(23,720 posts)

13. Had my number wrong, but

Reply to Bernardo de La Paz (Reply #11)

Tue Oct 29, 2024, 04:22 PM

Oct 29

$500,000,000 loss is not chicken feed.

Javaman

(63,109 posts)

8. I have a feeling that those who know better are going to be buying short Monday.

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 03:02 PM

Oct 29

classic pump and dump

lots of idiots and morons will be left holding the bag

Bernardo de La Paz

(50,921 posts)

12. It's "buy long", "sell short" . Otherwise, I agree with you about idiots and morons

Reply to Javaman (Reply #8)

Tue Oct 29, 2024, 04:21 PM

Oct 29

But it is not a classic pump and dump, as far as I know, because I know of no notable entity touting and praising the stock.

It's a meme stock, so a crowd madness.

4catsmom

(227 posts)

10. I read somewhere trading was halted

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 04:00 PM

Oct 29

due to the up and down activity today. I think it's speculators who want to take advantage of the idiots who think he's going to win and the stock will take off

Wonder Why

(4,589 posts)

14. I guess that mean my offer to buy 10 shares at a dime a share will have to wait another week.

Reply to AZLD4Candidate (Original post)

Tue Oct 29, 2024, 05:04 PM

Oct 29

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