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Trump Media/Truth Social and DWAC merge under the new ticker DJT...

Discussion in 'Too Hot for Swamp Gas' started by WarDamnGator, Mar 25, 2024.

  1. sflagator

    sflagator VIP Member Trusted GC Insider

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    Should have called John Ruiz's people for a little advice
     
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  2. WarDamnGator

    WarDamnGator GC Hall of Fame

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  3. G8trGr8t

    G8trGr8t Premium Member

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    compare DJT to life wallet and life wallet has better financials and is bankrupt...smdh at the fools willing to lose their money like this
     
  4. WarDamnGator

    WarDamnGator GC Hall of Fame

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  5. NavyGator93

    NavyGator93 GC Hall of Fame

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    What do you think, just another way he was able to bilk his rubes?
     
  6. gator_jo

    gator_jo All American

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    IMO it's more bilking of institutional investors, possibly sovereign wealth funds and hedge funds. They want to be able to point out how they paid their bribes by buying and holding this wretched turd.

    But yes, bilking.
     
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  7. G8trGr8t

    G8trGr8t Premium Member

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    Elon or Putin or MBS to purchase 5M shares tomorrow?

    this is your potus candidate for sale to whoever wants to buy him

    Trump Media registers 5M shares for sale; stock dips (msn.com)

    Trump Media & Technology Group (NASDAQ:DJT) has registered up to 5.1M shares of stock for eventual sale by certain company shareholders.

    Trump Media stock (DJT) was down 3.6% late Monday morning, one of the top decliners in the Communication Services sector.

    The company registered 2.55M shares for time-to-time sale on behalf of each of WorldConnect IPTV Solutions and JedTec, as well as just over 2,000 shares for MZ Group, an investor relations consultant for Trump Media.
     
  8. oragator1

    oragator1 Premium Member

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    So it’s down another 7 percent today, and actual market forces may finally be taking hold. The anonymous folks that had been propping it up realize that soon Trump and others will be able to sell, which will have large downward pressure on the price, and they don’t want to be left holding the bag. Short sellers know that too.
    So what happens the next few weeks will be really fascinating. Individual investors could jump in, but not sure they have the ability at this point to save it, the true believers are either already in or have already been burned and are out. Just a question of how much Trump walks away with now.
     
  9. BigCypressGator1981

    BigCypressGator1981 GC Hall of Fame

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    I like Trump because he'll run America like one of his companies! He's a good business man!
     
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  10. WarDamnGator

    WarDamnGator GC Hall of Fame

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  11. oragator1

    oragator1 Premium Member

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    Down 4 percent again, below $19 now.
    Trump can sell on Sep 25, so now it’s a game of chicken. Does some big investor think there’s one more chance to punish the short sellers and protect Trump? Will folks hang on to try and give Trump as much as they can when he sells? Will it be a steady fall to Sep 25?
     
  12. oragator1

    oragator1 Premium Member

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    Broke through 18 and down 8 percent now.
    Trump is still roughly 2 billion to the good, but it was over 6 billion a few months ago.
     
  13. danmanne65

    danmanne65 GC Hall of Fame

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    The question is will foreign actors think there is a reason to prop this fraud up to funnel bribes to Trump. If the sec did anything an investigation into this fraud would be in order.
     
    Last edited: Sep 3, 2024
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  14. SotaGator

    SotaGator Junior

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    $18.08 at the close today.
    Do I hear $17? $17 anyone?
     
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  15. oragator1

    oragator1 Premium Member

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    When it got to 17.75 it bounced pretty hard, seems someone stepped in again. Next few days may be a tug of war. It’s really fascinating to watch because there are so many factors in it beyond the normal stock.
     
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  16. oragator1

    oragator1 Premium Member

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    The tug of war is real. It was down 3 percent out of the gate, it took a hard bounce and was ahead suddenly, now down almost 2 percent again.
    I would pay decent money to see who it is that’s buying the dips, because they are at progressively lower levels.
     
  17. WarDamnGator

    WarDamnGator GC Hall of Fame

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    LOL… Their CEO Nunes and a bunch of other insiders and executives (Their COO, CFO, and general counsel, to name a few) can legally sell their shares before Trump, and are. Would be great if this hits single digits before Trump can sell.

    The Executive suite selling into weakness isn’t a good look.

    Truth Social Hits All-Time Low as CEO Sells His Crashing Stock

    Edit: Also appears to be a cash drain since they have a deal to sell the stock back to the company at $23.00 when it’s now $18.
     
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  18. oragator1

    oragator1 Premium Member

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    Down 6 percent today. Closed below 17.
    Trump’s stake fell below 2 billion today.
     
  19. danmanne65

    danmanne65 GC Hall of Fame

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    Looks like it’s almost time to buy. lol. This was a joke. It scares me to think that anyone is stupid enough to buy this turd. if you do buy it I certainly am not recommending it.
     
  20. channingcrowderhungry

    channingcrowderhungry Premium Member

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    I got inspired and bought a bunch based off the beggining of your reply. I'll get around to reading the rest of your reply later, I'm sure it wasn't important. Thanks for the financial guidance !
     
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