Trump Cons Supporters chapter 12,389

dogwalker · Mar 25, 2024, 09:01 PM

Just like so many of Trump's schemes DJT (new ticker symbol for new company) is another house of cards that will collapse but not on Trump.....on all that support him. Making money off the backs of others...... SPACs are a huge disaster for the most part and exempt from typical IPO regulations. Fools will invest. All the original investors want is $10/sh so once they can sell they'll drive the price down from their selling and everyone that bought above that loses.

Romanticlover · Mar 25, 2024, 09:08 PM

All tech stocks are overvalued, look at what happened in 1999-2000 when dot-com bubble burst.

bats · Mar 25, 2024, 09:09 PM

Quote from: Romanticlover on Mar 25, 2024, 09:08 PMAll tech stocks are overvalued, look at what happened in 1999-2000 when the tech market collapsed.

This is nothing like that.

Romanticlover · Mar 25, 2024, 09:20 PM

Quote from: bats on Mar 25, 2024, 09:09 PMThis is nothing like that.

It's exactly like that, investors buy over-valued stocks and then the smart investors sell leaving the suckers with worthless stocks. It happened in 1873, 1929, 1987, 2000 and 2008...people never learn.

dogwalker · Mar 25, 2024, 09:47 PM

Like almost EVERYTHING, things are what people value it as, realistic or not.
Is money (printed on cotton paper with special ink) really worth much?
Can you eat or drink it? No.
it's worth something because there is a trust system where others give it value for commerce.

bats · Mar 25, 2024, 10:30 PM

Quote from: Romanticlover on Mar 25, 2024, 09:20 PMIt's exactly like that, investors buy over-valued stocks and then the smart investors sell leaving the suckers with worthless stocks. It happened in 1873, 1929, 1987, 2000 and 2008...people never learn.

This is different because Truth Social's shell company is not just another overvalued tech stock. It's a meme stock, a pump-and-dump, a SPAC whose price is being driven up by Trump-supporting suckers.

The only "smart" investors here will be people who get lucky in timing their shorts.

dogwalker · Mar 25, 2024, 10:56 PM

Quote from: Romanticlover on Mar 25, 2024, 09:08 PMAll

lmfao....ok

Danno · Mar 26, 2024, 09:53 AM

sounds like you are rooting for a market crash. how patriotic of you. right out of Trump play book.

Quote from: Romanticlover on Mar 25, 2024, 09:20 PMIt's exactly like that, investors buy over-valued stocks and then the smart investors sell leaving the suckers with worthless stocks. It happened in 1873, 1929, 1987, 2000 and 2008...people never learn.

Romanticlover · Mar 26, 2024, 10:09 AM

I want the stock market to go up, just like Trump wants his stock to go up.
DJT is up big time on it's opening day.

I'm just saying be smart when investing and never bet more than you can afford to lose.

Danno · Mar 26, 2024, 11:52 AM

Trump is hoping the market crashes, where have you been

zoezane · Mar 26, 2024, 12:11 PM

@bats you correct about the scam stock of trump, the guy has never been a billionaire, everything he does is a big lie.

I watched TWTR go up just like DJT, the stock never went anywhere, this is just another scam by Mr. Raping Scumbag Trump (it's horrifying how maga gop followers support a bloodbath rapist)

Romanticlover · Mar 26, 2024, 12:16 PM

'After Trump Media announced it will make its stock market debut on Tuesday, Trump for the first time joined the list of the world's 500 wealthiest people on the Bloomberg Billionaires Index.

Bloomberg estimated Trump's net worth spiked by $4 billion on Monday alone, giving him a fortune of $6.5 billion.'

DJT is up 40% today.

dogwalker · Mar 26, 2024, 12:21 PM

I assess stocks mainly by their financials. DJT made about $4M last year (pathetic), has about $80M in debt (way too high---very leveraged!) is far from profitable ($50M loss), and yet the market value is now $9B. That makes zero sense based on a fundamental value analysis. Based on revenue, I would not pay more than 15 cents per share (=$20M) for DJT (but then get saddled with $80M in debt) not the $70 it is currently at.....lol. 500x overpriced IMO. Does it have future potential? Will it grow into its current value? Well supposedly TMTG lost 50% of its users last year so that's not a good trend. Can it be sold or acquired for $10B+? Who would? Until it's profitable any acquisition would be a terrible investment.

Romanticlover · Mar 26, 2024, 01:04 PM

There was a huge sell-off at the end of the day, take the money and run.
I wouldn't buy DJT either as a long-term investment.

Blkfyre · Mar 26, 2024, 02:07 PM

Quote from: Romanticlover on Mar 26, 2024, 12:16 PM'After Trump Media announced it will make its stock market debut on Tuesday, Trump for the first time joined the list of the world's 500 wealthiest people on the Bloomberg Billionaires Index.

Bloomberg estimated Trump's net worth spiked by $4 billion on Monday alone, giving him a fortune of $6.5 billion.'

DJT is up 40% today.

And yet, his lawyers are STILL claiming he can't raise the bond, this despite his saying previously he had that much liquid: https://nypost.com/2024/03/22/us-news/trump-slams-political-hack-judge-in-ny-civil-fraud-case-says-he-has-nearly-500m-bond-amount-in-cash/

"Through hard work, talent, and luck, I currently have almost five hundred million dollars in cash, a substantial amount of which I intended to use in my campaign for president," Trump, 77, wrote in all caps on Truth Social.