Think This Is Just Happening?

 A look at the price of DJT stock in the last few trading days:


A little to know about DJT, from Bloomberg:


"The company lost $344 million in the first six months of the year, mainly because of paper losses on derivatives, and took in just $1.6 million in sales."


That would certainly explain the long slide in value of DJT stock since it was in the $70's last spring, as the company is clearly worth less than nothing, but what happened today?


I'm not a stock market expert, but I am confident in saying that this is not a normal phenomenon.  It is obvious to me that certain forces (read here: the Saudis) are determined to prevent this stock from totally collapsing before Trump can at least salvage a big payoff from what was never any more than a giant scam.  Again, from Bloomberg:


"Trump, who owns about 60% of Trump Media, is expected to be able to start selling shares as soon as Sept. 20, when a lockup period barring insiders from selling shares is lifted."


Expect this manipulation of DJT stock values to continue until that date, at which point, Trump will realize a multi-billion dollar payoff for doing nothing except perpetrating a clear fraud.  After all, that's how he has always made his money.  After September 20th, he will sell his stock as soon as he can get away with it, and to hell with the suckers and losers who went along on this sick ride with him.


Comments

Mostly.A.Cynic said…
I am no economist but somehow I think anyone not named Trump will be taken to the cleaners Sept 20
August 29, 2024 at 8:19 PM
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