The stock market

@kmax87 said
Closed at $34.

Still falling. DJT trading at $ 32.41. Woohoo !

@averagejoe1 said
But Biden's approval rating is down to 30%. How can you libs be so conflicted?
It is like his saying that the economy is doing great. He himself, conflicted.

Biden?

@kmax87 said
Closed at $34.

$29.10 and the market's just opened.
How low can it go!?

@kmax87 said
$29.10 and the market's just opened.
How low can it go!?

If it gets below a dollar, I think I’ll buy 20 shares!!

@kmax87 said
$29.10 and the market's just opened.
How low can it go!?

They are gonna issue more shares, so previous investors are being diluted. Watch out - things are headed for the toilet!

The police better have a plan for walling off Mar-a-Lago. Mobs get ugly...

https://www.cnbc.com/2024/04/15/trump-media-shares-plunge-after-company-files-to-issue-additional-djt-stock.html

@spruce112358 said
They are gonna issue more shares, so previous investors are being diluted. Watch out - things are headed for the toilet!

The police better have a plan for walling off Mar-a-Lago. Mobs get ugly...

https://www.cnbc.com/2024/04/15/trump-media-shares-plunge-after-company-files-to-issue-additional-djt-stock.html

Rubicon (RBT) tried to get settled by an 8-1 split, a share was about $2.80, now it is about .25 cents. That was not supposed to happen.

@averagejoe1 said
Rubicon (RBT) tried to get settled by an 8-1 split, a share was about $2.80, now it is about .25 cents. That was not supposed to happen.

Ha! 1-8 reverse split! Yeah, no. But where they would be without it?

$26.61

I have no idea what that means.
I suppose trump will have shorted it somehow, so still ends up making money after the suckers who support him have lost all their earnings.

Or is that not a thing?
God knows.

@kmax87 said
$29.10 and the market's just opened.
How low can it go!?

Apparently $26.61...

@shavixmir said
$26.61

I have no idea what that means.
I suppose trump will have shorted it somehow, so still ends up making money after the suckers who support him have lost all their earnings.

Or is that not a thing?
God knows.

It's like every other bubble, when investors work out there's no true value underlying the stock, then people rush to the exits to get some value before the bubble truly deflates.

The whole Trump is shorting the show, is probably near the money. I suggested that money would land in pockets adjacent to his, after this venture bankrupts itself. It's the perfect pump and dump getting his magidiots to buy into his schemes only to pull the rug from under them. It's a much faster way to make money than a go fund me page.

@kmax87 said
Apparently $26.61...

And at $23.55, they're off and running again.

@kmax87 said
And at $23.55, they're off and running again.

I suppose you would only worry if the stock price dips below $15

@kmax87 said
I suppose you would only worry if the stock price dips below $15

That's what I've been saying - the previous company traded or was valued in the $13-17 range. The merger made plenty of money even before the IPO. And at $22.76, that's still up 70% from a year ago.

HOWEVER,

The problem is that the stock price currently looks like a skier heading down Mt Everest with no parachute!

@spruce112358 said
That's what I've been saying - the previous company traded or was valued in the $13-17 range. The merger made plenty of money even before the IPO. And at $22.76, that's still up 70% from a year ago.

HOWEVER,

The problem is that the stock price currently looks like a skier heading down Mt Everest with no parachute!

Yup it's white knuckle time as people are unwilling to take a loss and believe instead that DJT will turn around. They never got the memo. That the market might turn eventually but not before it's burnt a hole in your account and left you bleeding.