The Trump Card...

ATeam

Senior Member
Retired Expediter
Since opening this morning (Thursday), DJT is down 4% in mid-day trading. The sell-off continues.
Update: Trump owns nearly 60% of the company’s shares. As of Thursday’s close, his shares are worth $2.55 billion on paper, about half of what they were worth two weeks ago.

The problem for Trump is two-fold. He can't sell his shares, and thereby turn them into actual cash, until his six-month restriction period ends (company merger rules). And when he gets to the point where he can sell the shares, his doing so will put additional and massive downward pressure on the stock price. When a shareholder who owns 60% of the company starts selling major quantities of the stock, investor panic follows.
 
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ATeam

Senior Member
Retired Expediter
So, you initially missed the short. Then still didn’t jump on the short when the opportunity was there. Ok, thanks for playing.
As I said in a previously reply, I missed nothing.
The quote below concisely explains what was going on at the time, and why I passed on the trade.

"A week ago, traders who wanted short Trump Media shares had to pay up to 900% in annual financing costs, meaning they would need a then-$30-per share drop within a month to break even on their trade, Dusaniwsky said."

"Since then, however, financing costs for short trades in Trump Media had sharply fallen, to 200%."(Source)

Only fools would short a stock when you have to pay 900% a year to finance such a trade. Even at 200% borrowing cost, that short is a fool's trade. The borrowing cost for a well-established, blue-chip stock will typically be somewhere between 1% and 5% per year.
 
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muttly

Veteran Expediter
Retired Expediter
Since opening this morning (Friday), DJT is down 5.34% in intraday trading. The sell-off continues.
Might be best not to be consumed with the day by day or intra- day stock price. DJT stock is a long term investment. Be patient.
But since we are giving daily stock updates…
IMG_0288.jpegIMG_0287.jpeg
 
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ATeam

Senior Member
Retired Expediter
Trump Out of Delay Options. His Criminal Trial Starts Monday.

The legal experts in this article are saying Trump is out of options. They say he has no cards left to play to delay his criminal trial that is set to begin Monday. While I'd like to believe that, Trump is a master of delay. I'll believe the trial will begin Monday when I see it begin Monday.
On Friday, Trump himself said he will testify at this trial. Thus it seems the trial will actually begin on Monday. It seems it is as the legal experts said. Trump is out of delay cards to play. He is admitting his trial is on.
 
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ATeam

Senior Member
Retired Expediter
E. Jean Carroll Should be Charged

If the facts reported in this news story are true, E. Jean Carroll should be charged for having an unlicensed handgun in New York. She testified under oath that she kept an unlicensed handgun in her home. The police confirmed that when they went to her house to talk about this, and the next day, she voluntarily surrendered the unlicensed weapon to the police.

If Carroll lived in certain red states, keeping an unregistered handgun at home for self-defense purposes would not be a crime at all. But that is beside the point. It is a crime in NY.

Other than the police lacking the balls to arrest this high-profile figure, I don't know why Carroll was not arrested on the spot and charged with this crime; and I hate that she is not yet arrested and charged. For the law to be the law, it must be equally enforced. This crime is a felony with a maximum sentence of four years in prison. Serious business.

Hopefully, now that word is out about this (thanks to NBC News), the police will do their duty and arrest Carroll for this crime. While her status as a non-violent offender with no prior record would reduce the sentence, she should absolutely be prosecuted for possession of an unregistered firearm in NY.

 
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ATeam

Senior Member
Retired Expediter
Forbes: Sell Trump Media (DJT) Stock Now - An Implosion Is Likely

Factors Cited by Forbes (Source):
  • Insider infighting over stockholdings
  • Competing insider shareholder lawsuits
  • First insiders now wanting to sell
  • Feeble responses by Trump Media CEO Nunes in interview by Fox Business News
  • Still-open new million-share spigot from the convertible securities and contracts that are converting
  • Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.)
  • Key share price breakdown below $35 barrier
Forbes makes a final crucial point:

"When the first SEC-required quarterly report for Trump Media arrives with these negatives clearly reported, the picture will be clear."

When considering an investment, wise investors consider both the positive and negative factors. Forbes is bearish on this stock and cites only the negative factors. If there are any positive factors, I do not know of them.

This Investor Says a DJT Explosion (not implosion) Will Happen

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”
(Source)
 
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ATeam

Senior Member
Retired Expediter
About the Jury and Child Trump

Trump's criminal election interference trial (a/k/a hush-money trial) begins today. Jury selection is the first major item of business.

"The moment Trump shows up in the courtroom on Monday will be one of unfathomable drama and a test for members of the pool of citizens who will be vetted for service on a jury like none other in American history. “He’s the most famous person in the world. And when you’ve come face-to-face with somebody that’s got that kind of charisma, that kind of power, it tends to be intimidating, it tends to be shocking, it tends to be exciting,” Robert Hirschhorn, a jury and trial consultant, said on CNN on Friday."

I believe this is true. People have emotional reactions when they encounter famous and powerful people. Years ago, when I was working with then famous MN Gov. Jesse Ventura, I saw this again and again. Crowds gather just to look at famous people wherever they appear. If one walks into a restaurant unannounced, everyone in the room shifts their attention to him or her. The cameras immediately come out and people scramble to capture their brush with fame. Encountering a famous and powerful person is exactly as Hischhorn says above, "... it tends to be intimidating, it tends to be shocking, it tends to be exciting.”

But that effect is not lasting. After you're in the room with a famous person for a while, the person remains very much in mind, but the emotions stabilize. After they are selected, these jurors will be in the room with Trump, all day, four days a week, for a few weeks. The experience will stop being unique. Juror attention will be not on celebrity Trump but on felony criminal defendant Trump, who will quickly become a familiar sight.

In the E. Gene Carroll and New York civil fraud trials, Trump was not required to attend. He could enter and exit the proceedings at will. In those trials, jurors had the same initial experience Hischhorn described, but even with Trump's limited exposure to the jury, his childish courtroom antics did not play well. The jurors were not intimidated after they heard the facts and saw Trump's courtroom behavior. They were not intimidated by his ceaseless efforts to taint the jury pool. They gave no deference to Trump because he was Trump. Instead, the jurors severely punished Trump for the crimes with which he was charged.

In the felony criminal trial that begins today, Trump does not have the freedom to come and go. He is required to attend every minute the court is in session. Trump will be trapped in this courtroom, which will frustrate him. I expect his antics will be worse as a result, and they will be on display all day, every day, the court is in session.

This is not an impromptu press conference. It is not Truth Social. This is not a friendly interview on a conservative news outlet. This is a criminal trial where witnesses will testify against Trump, documentary evidence will be presented, and Trump will be powerless to bully, lie to, intimidate, or politicize the jury. If the judge allows it, he will be free to act like a child as he sits powerless at the defense table.

Trump will be forced to sit silently and helplessly as he watches the jurors take in the info and form their opinions. That will be very difficult for him to do without expressing a childish response of some sort. And those responses will work against him.
 
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ATeam

Senior Member
Retired Expediter
The Selloff Continues

Trump stock DJT is down over $5.00 in premarket trading on the day Trump's criminal trial begins. The selloff continues.
 
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ATeam

Senior Member
Retired Expediter
Forbes makes a final crucial point:
"When the first SEC-required quarterly report for Trump Media arrives with these negatives clearly reported, the picture will be clear."
One of the expected filings came out today. As the TRUTH about Truth Social comes out, this stock will be worth less and less. It's already worth less to many of the Trump faithful who invested in it. Those who keep the faith and do not cut their losses by selling the stock now are in for more pain ahead.

Dilution is a huge, huge issue for this stock. That's what this filing is about. And remember, the underlying company, Trump Media and Technology Group (TMGT) is a money losing company. In a previous filing they affirmed that their status as a going concern is questionable.

 
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Ragman

Veteran Expediter
Retired Expediter
One of the expected filings came out today. As the TRUTH about Truth Social comes out, this stock will be worth less and less. It's already worth less to many of the Trump faithful who invested in it. Those who keep the faith and do not cut their losses by selling the stock now are in for more pain ahead.

Dilution is a huge, huge issue for this stock. That's what this filing is about. And remember, the underlying company, Trump Media and Technology Group (TMGT) is a money losing company. In a previous filing they affirmed that their status as a going concern is questionable.

While I don't generally enjoy seeing people hurt financially, I will make an exception for some in this case. I really want to see some completely wiped out.
 
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ATeam

Senior Member
Retired Expediter
I can't wait for his first temper tantrum.
Trump has been well-behaved so far, but it's early in the game. Maybe we should start a pool to bet on the timing of his first petulant outburst that prompts the judge to bring him back in line so he can continue to sit at the grown-ups table.

This judge (Merchan) is said to run a well-ordered courtroom, even in challenging circumstances. He is a veteran of Mental Health Court and Treatment Court, so he is well equipped to deal with any dysfunctional outbursts Trump may have.

From CNN:

Trump has only spoken 3 words so far into the court record​

From pool reporter

On the first morning of his trial, Donald Trump has spoken just three barely audible words into the record.
He said "Yes" three times as he was read his so-called "Parker warnings," which advise defendants that they are entitled to assist in their defense by being present in court, but can lose that privilege if they voluntarily absent themselves from the trial or they are removed from court for reasons of misconduct.
 
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ATeam

Senior Member
Retired Expediter
While I don't generally enjoy seeing people hurt financially, I will make an exception for some in this case. I really want to see some completely wiped out.
I view their plight not with a wish to see them lose, but with sadness.

The Trump faithful are saying things like they know their money is in good hands and they trust Trump (an adjudicated rapist, tax cheat, fraudster, and veteran of 6 bankruptcies) to make their investment highly profitable. They turn a totally blind eye to Trump's business and legal history and see him as a hero instead. Already, they are blaming market manipulation for their losses. They are not blaming Trump and they will never blame Trump, even after they are wiped out.

The sad irony is, Trump is actively running this DJT stock scheme precisely to extract millions and maybe billions of dollars from the gullible MAGA followers Trump has. The stock price is destined to crash, but before it does, Trump will have pocketed a ton of money that came from the people who "invested" in this stock, and trusted Trump to deliver.

He has done this before, when he issued stock for one of his casinos, pocketed a ton of money from that, and than took the company into bankruptcy. In that case, "investors" were left holding the bag and insider-trader Trump laughed all the way to the bank.
 
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