Quite possibly the latter.
Agreed. This is absolutely the least compelling of the legal actions against Trump, a stretch, where I would be not at all surprised to see him acquitted of most if not all charges and any potential sentence trivial.
I am predicting that if Trump wins 2024 it may go back up.
I've been kinda avoiding any updates because on teh court side of things there hasn't been any pertinent updates, that said the DJT has bounced back up to almost $50
www.tipranks.com
If you were hoping for logic to reassert itself in the Truth Social (NASDAQJT) game, I’m afraid your hopes remain in vain. The social media platform’s shares soared over 10% in Monday afternoon’s trading, but when looking for reasons why, most came up with very little.
What’s more, the 10% shares were up as of this writing wasn’t even the high-water mark for the day’s trading. Indeed, just ahead of 1:00 PM Eastern, Truth Social shares were up over $5 per share for the day. But when attempts were made to ferret out why the surge happened to begin with, very little could be ascertained. A post from the former president in charge, Donald Trump himself, may have sparked some interest as Trump declared in all-caps: “TRUTH SOCIAL IS THE REAL VOICE OF AMERICA!!!”
Truth Social’s Press Releases Have Been Comparatively Quiet
Truth Social’s press releases have been comparatively quiet, with no major victories to point to as potential causes. It landed no sponsors, saw no surge in revenue, or anything like that. The latest press out of Truth Social itself was a release that, again, talked about the prevention of having shareholders’ shares used in shorting efforts.
The only other news item connected to Truth Social in recent days was a report from John S. Tobey, which noted that should Trump sell off shares, it would result in a rapid freefall for those shareholders who remained behind. This is likely true, given that Trump owns about 60% of Truth Social shares.
Is Truth Social Stock a Good Buy Right Now?
A look at the last five days of trading shows a steady rise at a surprisingly brisk pace. While no analysts have yet taken on DJT stock, investors definitely have, and shares are up 44.52% in accordance. Shares are on a fairly steady upward cant, with any downward momentum quickly overtaken by rallying action.
Sure. That's generally the way it works. A lot of stock market trading is effectively indistinguishable from gambling.
I'd have to dig up the article, but as of yesterday partners are released from holding the stock so the floodgates are essentially open for any and all trading. Yeah I'm sorted learning if theres an actual sell off the stock value essentially plummets so its not liek you can just sell 36 million shares today and expect to get $45 a piece. Supposedly we will know in the next week or two if the bottom will drop out in the short term.
Watch Dumb Money, it's fascinating.
Yes - but this actually makes sense. The people telling you what shares are worth in such listings aren't actually the share owner offering the sale of their shares. As an analogy, an estate agent can tell everyone that a house is worth £300,000, but it's the buyer/seller that decides what price it actually goes for. My understanding is that stock market share value is the average price that the shares are selling at over the day.
It's not just you. I remember a major guy at the FSA / BoE in the UK on retirement saying that a huge amount of the trading going on was of no societal value. It's supposed to be about the allocation of wealth to the most productive ends, but much of it is just gambling.