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
Post a Comment

Popular posts from this blog

It's Okay, Never Mind

Image
The woman in this picture, equipped with the weapons and ammunition shown, was found outside a National guard base. She is apparently a big Glenn Beck fan, and believed that the base was a FEMA concentration camp. Think she's the only one out there? You just know this sort of thing is not going to end well.
Read more

If a Tree Falls In the Woods

Image
 And nobody hears it, is it really running for President at all? First of all, a note about my absence lately:  My wife got me to sign up for an account at Threads, which is sort of like X without the assholes.  I've spent a little time establishing myself there, and I have to say, I do like the relatively immediate exchange of views, but I don't mean to give up my blog- there are still so many things that can't be dealt with in a couple hundred words, so, perhaps to your dismay, I am back. So, what motivated the above question is the fact that the Sunday New York Times today had seven articles about Trump, and absolutely zero about Kamala Harris.   The Republicans have a problem with Harris, in that virtually everyone who sees her likes her and immediately understands how qualified she is to be President.  They have tried mightily the last month to find some way to smear her, but have been spectacularly unsuccessful- the tactics of character assassination ...
Read more

Wingnuts Slightly Annoyed about that $83 Million

Image
How can you look like a decrepit old geezer and an out of control two year old at the same time? I thought it might be nice to look in on wingnut world to see how they are taking yesterday's $83 million dollar Trump legal loss.  You kind of know that they will decide it shouldn't affect their opinion of him in any way, but it might be helpful to see just how the Republican party has trained them to reject any fact they don't like.  Not that surprisingly, a lot of the usual wingnut suspects didn't touch this loss at all, preferring to just ignore anything that interferes with their hateful daydreams, but here are a few excerpts from an article at Gateway Pundit, along with a sample of the hundreds of comments it received.  Enjoy.  Or not. "Trump attorney Alina Habba WENT OFF after the crooked New York City court slapped President Trump with an $83 million judgment for speaking out against the disgusting lies of a crazed woman who said he lured her into a Bergdorf Go...
Read more