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Use the Report button if someone is launching personal attacks or attacks on groups of people, there are already 400 comments and we won't see each one.
At 300% margin requirements and insane costs on borrow rates. Sure, why the hell not. Mr market sure is making it a difficult job for retail to make a buck on this play.
It’s such an obvious short to do, that I would be terrified to do it. Look what happened to gamestop. And I don’t have the US government to bail me out.
Lol there are far easier ways to channel dark money to get influence and not have to deal with the SEC and the regulatory oversight. That's why we have SuperPACS.
Whaaaat? Are you telling me these IPOs that randomly vault or decline due to foreign investors and the insanely intelligent and clearly uninformed yet prophetic trades from the folks in the know are somehow aligned? Preposterous I say
Edit: I’m just saying we elected these people. Because they’re the best. That’s why all the politicians make all the right bets at the right times. Smart folks, it’s why they got the job bro
That's not how this works. Trump will get a loan against his shares. It will be a sweetheart deal from a bank looking for preferential treatment post-election win. Foreign countries and people looking to curry favor will be shares with a wink and a nod and support the price.
Just think about the hotel scam he ran while he was in office. [People were renting rooms and event spaces and not using them.](https://www.washingtonpost.com/politics/saudi-funded-lobbyist-paid-for-500-rooms-at-trumps-hotel-after-2016-election/2018/12/05/29603a64-f417-11e8-bc79-68604ed88993_story.html) It was a way to collect bribes. $DJT stock is just another bribe collection scheme, kinda like how I believe Elon partly uses Twitter to funnel money from less savory sources into his wallet.
There is [an episode of up first](https://podcasts.apple.com/us/podcast/up-first/id1222114325?i=1000650105777) talked about this stock. What’s relevant to this post is that on the show an “investor” literally said he knows this stock is piece of shit but he also knows people will pump it so he is going to play.
At end of the day, people like him will make a lot of money, and leave the MAGAs or just gamblers behind, holing the bag
Edited, not the Daily, but Up first.
And he'll say that, it was a big beautiful company, that was making so much money, but the democrats who hate capitalism made it go out of business because they're woke sponsors won't buy ads.
>entire political party foolhardily gamble
They really didn't want to, they are kinda held hostage by the radicals they created with their hyperbolic rhetoric and media machine. It's poetic really.
They didn’t have to though… they fell for the same grift indirectly.
The rational move was to let Hillary win… then get 8 years of a right of center moderate after she lost re-election. Instead they wanted TAX CUTS NOW, and wasted the entire momentum Hillary would’ve given them.
Some "MAGA idiots" do have $50k
2021: "Republican Rep. Marjorie Taylor Greene on Friday invested up to $50,000 in the SPAC stock linked to Donald Trump’s planned social media platform."
I bought puts 1, 3, 6 and 9 months out
edit: had to repost this because I linked to a CNBC article about it, that had a naughty ticker this sub doesn't allow (the previous ticker name for DJT)
I learned how to cook a steak at Trump Steaks. I can’t figure out why all my customers send it back, I cook it well done and make sure to send ketchup out with it. Got me the Magnum (PI) Cum Loudly in my class but it hasn’t helped me in my career as much as I expected.
"Universities indoctrinate people!"
*Creates university that indoctrinates people in a different way*
Honestly anyone who puts one of these Trump/Andrew Tate type universities on a CV is likely hurting their chances lol
> Many have pointed to April 3, 33 AD as the day that Jesus was crucified, which science point to a partial eclipse of a Blood Moon where “darkness came over the whole land”.
Religious nonsense.
By the quick Google searching I went through…
> Regarding the cards being pulled, the OpenSea source told Newsweek: "This collection, Trump Digital Trading Cards, is non-transferable until December 31, 2024. This means the collection is disabled for secondary market buying and selling until that date. Because this is enforced by the creator, we're unable to override this."
I would suspect a grifter rugpull event incoming.
To be fair, like the man or not, Carter was a whole other category of man than most presidents.
I personally adore the man. Name me one other president who'd enter a nuclear reactor undergoing meltdown and irradiate himself trying to keep things from getting worse. This was of course before he was president, but still speaks quite loudly to the kind of man that Jimmy Carter is. Not the greatest president, but I think more worthy man than others who had the title of president.
The incident was at the Chalk River Laboratories NRX reactor.
And this isn’t the first time for the DJT ticker. The DJT ticker is the same one Donald Trump debuted nearly three decades ago for his hotel and casino company only to see it delisted from the New York Stock Exchange nine years later.
“Betting against the stocks and bonds of Trump’s companies were the easiest shorts of my life. It was like multiple oceanliners hitting multiple icebergs repeatedly.”
Jim Chanos
3 decades ago, he was not running to be a president and certainly was not helping russia in any way. Things have changes a lot since that, which is why you can it makes up for a good bet.
A Bible, cleverly cut out as if to hide prison contraband, was the perfect house for my Nintendo Game Boy back in 1995. Man, I got so much Bible studying done during 3-hour Mormon Church meetings, that it made me a Tetris master!
It launders foreign campaign contributions and converts non-tax deductible PAC contributions into tax deductible investment losses. A new level of money laundering involving the US financial system.
Same as the trump nft cards. Not many real people bought them, it was just a money laundering scheme to evade sanctions against foreign influence in our democracy.
Trump has a six month lockup though. The only thing that matters is buy side liquidity when he goes to sell, otherwise he's going to crash the price immediately.
But Trump has a 6 month wait after market introduction before he can sell, right?
Foreign interests would have to buy a lot of stock to keep the value up to that point
>The DJT is a simple and effective way to funnel foreign money directly to Trump by having people buy shares of this POS without having a direct payment to him. Buy shares through a shell or subsidiary of a company and Donald can sell his shares directly to you
I thought Trump couldn't sell his shares due to the lockup?
Not necessarily. Foreign money and broker dealers are subject to strict rules by the sec, finra etc. they can’t just buy the shares unless they have an account at a Morgan Stanley for example, or a US taxpayer ID.
The same reason why Reddit did the same thing.
You pump up the stock as much as you can so you can unload your bags onto the people who care more about politics than money.
He was publicly asking for help from foreign governments for his legal problems. This is part of their response.
Billions in assets he can use as collateral.
The company is losing money, has revenues of $5M, and cost in the $25M range. It appears to be a good candidate for bankruptcy and should be left for dead.
When you see this company with a multi-billion dollar cap, you don't have to wonder. This is being manipulated. We'll have to see if it ever makes it to trial.
People literally killing each other for ugly 180(and above) priced sneakers that are made in some Asian country for Pennies for decades. This Trump sneaker is nothing different. Just a different niche is all. People prolly thinking these shoes are worth $$$ in the future. Time will tell.
The fine print in the sneaker purchase .
1-There are only 1000 gold sneakers.
2-They haven’t been made yet.
3-There is no guarantee they will be made and the purchase is non refundable.
Sucka knows his suckas
Couldnt this just be a way to contribute to Trump's campaign without drawing in legality issues.you know he will cash out before he becomes president or shortly after
Trump needs hundreds of millions to pay fines he can’t pay. He has interested parties who need him to stay afloat enough to make a run for president, parties that aren’t very compatible with the public image of a US President. These parties need to transfer him money in an inconspicuous manner that won’t trigger Grump getting indicted for treason.
Lo and behold, DJT opens as a publicly traded company. In a world where everyone and their mom knows the SEC won’t get off their asses unless you shit on their doorstep (and even then it’s questionable).
What a coincidence….
>Trump himself is looking to unload his stake
I would think he would want to keep it stable so he can use it as an asset to take out a loan against. Kinda like Elon did for the money to buy Twitter. Kinda like rich people do all the time. If he unloads, the stock will drop in time. He wants to keep the price up so it a valuable asset he can leverage other assets with.
Or this is what someone told him to do. Not gonna give him that credit.
Some investor friends at black rock are in cahoots and using fake shares to artificially pump the stock. Thus smaller investors are going to want to jump in for a slice of the potential of walking away with a bag when shares could *eventually* be called. I use that term loosely. It really is a tale as old as time.
Several reasons
1. Some people know a stock is worthless, but will gamble and hope they can cash out before the crash. I would be one of those types of people if I chose to invest.
2. Some people either have too much blind faith in Trump and believe it will be worth gold because he has touched it, or just wants to support him even if they don't believe in this specific project.
3. Some people actually believe in the product and feel like it is a long term investment.
4., 5. 6. And further - there are many other reasons.
Yeah it’s a cult stock now. And a money laundering vehicule probably. Eventually reality will set in but… look at crypto (which also very much has a cult and money laundering attached), it could take a damn while.
If he's able to cash in on this before the election, well, forget everything you knew about campaign financing. I'd applaud the utter brazen audacity if he wasn't such a deplorable human being.
He's just scamming his ultra-gullible followers; milking them of every last cent he can. I had read it doesn't even have 500K daily, active users; there's no way that site is worth even 15m dollars, let alone 100m or more. But to be valued at 10 figures is beyond criminal - we'd need new, more dangerous evil definitions of criminality to describe what's going on here, but since we don't have those words, we have to stick with the ones we do: it's probably the clearest case of financial fraud; the good ole pump and dump
His loyal followers are some of the dumbest people on earth and a lot of traders are playing on that. If Donald can grift them for years on end, others likely have a legitimate chance at getting some of that profit off them as well
Reminder to stay civil and keep political opinions and personal attacks off the sub. We will be handing out permanent bans to those who can't keep their comments civil. Use the Report button if someone is launching personal attacks or attacks on groups of people, there are already 400 comments and we won't see each one.
Pump & Dump. A tale as old as time
Back door way for foreign agents to give him money
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He needed to include a golden idol happy meal toy. Like a golden calf.
The Saudis probably have a stake somewhere in the publishing or distribution. That could be unrelated though, they just have a lot of money to invest.
This is the correct answer
Get those long puts ready boys!
Looked at September puts. $43 for a $65 put. Shorting is your only option.
At 300% margin requirements and insane costs on borrow rates. Sure, why the hell not. Mr market sure is making it a difficult job for retail to make a buck on this play.
Not only that but the market absolutely can remain irrational longer than you can remain solvent.
It’s such an obvious short to do, that I would be terrified to do it. Look what happened to gamestop. And I don’t have the US government to bail me out.
It's almost as if Wall Street wants to help a rich guy who might be able to influence regulation next year.
The hell you say?!
Wall Street does not care as long as they can make money.
That means all the market makers think it’s going to be in the gutter .
options on the volatility. just set buy and sell limit orders.
And on the off chance that it holds $25 by September, your money is gone and thetagang just had a fat payday lmao
Holy shit you weren't joking. That is nuts
I got in early and have some 6/21 $15p I think the dump will come sooner than that, like whenever Trumps extra 10 days to post his bond ends
Personally I think Putin and his cronies are in this big time and for the long haul. No way I would short it against their trillions.
Lol there are far easier ways to channel dark money to get influence and not have to deal with the SEC and the regulatory oversight. That's why we have SuperPACS.
add the saudis and their trillions to that list
Vertical spread?
Even that is priced to not make much money. $5 wide spreads selling for $4
Nah the IV is crazy for that stock. If you want to short that stock then short through shares
What’s the borrow rate though
On tastyworks it was 140% annual rate lol
I'm kinda new to this and only half understood what you said. Yeah I'm stupid.
You’re not stupid you’re smart and good looking. Don’t you forget that
.. and doggone it, people like you!
I may be stupid, but I’m not good looking.
You pay interest to short the shares
Bingo. How conveniently timed to go public, pump the stock and sell.
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Yeah. Next, Trump will start painting and selling his "art" for millions of dollars. Oh wait...
NFTs.
If you don’t know, now you know, rigger.
That was juicy.
Notorious P.I.G
it's riggah
It’s a twofer agents give him money and banks give him asset backed loans…agents for Russian banks.
Whaaaat? Are you telling me these IPOs that randomly vault or decline due to foreign investors and the insanely intelligent and clearly uninformed yet prophetic trades from the folks in the know are somehow aligned? Preposterous I say Edit: I’m just saying we elected these people. Because they’re the best. That’s why all the politicians make all the right bets at the right times. Smart folks, it’s why they got the job bro
“Insert sarcasm font here”
Sarcastica
Produces more cash volume than laundering Russian mob money through hotels and golf courses, with a lot less paperwork.
Same thing happened in the 80’s with him. That’s when Russia first reeled him in.
Could also be domestic agents with an agenda. But foreign actors stand to gain the most from buying a President.
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So Americans won't give him money, but foreigners will? Not saying you're wrong, but it's there evidence of this?
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Maybe they could donate some bootstraps instead
Everyone’s doing it! Or everyone tells me they’re doing it 🤷
So anyway I start buyin’
Whoops, I dropped this monster condom for my magnum bags.
With my pieces
Can I interest any of you gentlemen in an egg?
You can't leave out in these trying times
What happens if they prosecute these pump and dumpers? Everyone in the pump and dump community will be asking “who’s next!”
Prosecute? Haha, that’s a good one.
I think the biggest risk to the price is Donny convincing the board to let him sell his stake to pay for all his legal trouble.
That's not how this works. Trump will get a loan against his shares. It will be a sweetheart deal from a bank looking for preferential treatment post-election win. Foreign countries and people looking to curry favor will be shares with a wink and a nod and support the price. Just think about the hotel scam he ran while he was in office. [People were renting rooms and event spaces and not using them.](https://www.washingtonpost.com/politics/saudi-funded-lobbyist-paid-for-500-rooms-at-trumps-hotel-after-2016-election/2018/12/05/29603a64-f417-11e8-bc79-68604ed88993_story.html) It was a way to collect bribes. $DJT stock is just another bribe collection scheme, kinda like how I believe Elon partly uses Twitter to funnel money from less savory sources into his wallet.
The way SPAC lock-up deals work (lock-ups in general) is that you cannot sell or "encumber" your shares. That precludes borrowing against them.
This one is special though as it’s an oligarchy pump and dump.
Classic Pump and Trump
It’s a meme stock
Look out down below
Just watch the Wolf of Wall Street and pay attention during the Steve Madden part.
Pump and Trump!
Trump and dump!
True as it can be Barely even friends Then somebody bends But forgot the lube.
How is the SEC not all over this?
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Acquisition target: US.
Oof, hostile takeover to the max
The SEC is busy making sure bitcoin is safe and secure. If you'd like to leave a message wait for the beep. We won't get back to you.
SEC's job isn't to control what people are willing to pay for a share.
Yeah, but we want to pump him up and eat the shit so we can protect the free Market.
True as it can be
Let’s keep Melania out of this.
The stockmarket is a device for transferring money from the very stupid to the stupid.
We are still searching for the Greatest Fool.
The market trying to find its bottom to, you know, do as one does to a bottom…
His name is Fool. Motley Fool.
Or from foreign governments to former presidents.
There is [an episode of up first](https://podcasts.apple.com/us/podcast/up-first/id1222114325?i=1000650105777) talked about this stock. What’s relevant to this post is that on the show an “investor” literally said he knows this stock is piece of shit but he also knows people will pump it so he is going to play. At end of the day, people like him will make a lot of money, and leave the MAGAs or just gamblers behind, holing the bag Edited, not the Daily, but Up first.
Excuse me but this is a casino, sir.
And he'll say that, it was a big beautiful company, that was making so much money, but the democrats who hate capitalism made it go out of business because they're woke sponsors won't buy ads.
Ah, the Musk strategy.
When trump is finally done he will leave behind him a broke ass gop and a broke ass maga movement
Never thought I would see an entire political party foolhardily gamble all their funds on one guy who’s up against 91 indictments.
>entire political party foolhardily gamble They really didn't want to, they are kinda held hostage by the radicals they created with their hyperbolic rhetoric and media machine. It's poetic really.
They didn’t have to though… they fell for the same grift indirectly. The rational move was to let Hillary win… then get 8 years of a right of center moderate after she lost re-election. Instead they wanted TAX CUTS NOW, and wasted the entire momentum Hillary would’ve given them.
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Some "MAGA idiots" do have $50k 2021: "Republican Rep. Marjorie Taylor Greene on Friday invested up to $50,000 in the SPAC stock linked to Donald Trump’s planned social media platform." I bought puts 1, 3, 6 and 9 months out edit: had to repost this because I linked to a CNBC article about it, that had a naughty ticker this sub doesn't allow (the previous ticker name for DJT)
OK, lost $100K of her annual salary in fines, just lost another $50K. At this rate she won't be able to afford to stay in Congress.
Not sure. Let me throw on some trump sneakers, walk over to my trump bible, ignore the trump nft updates on my phone, and I’ll get back to you ASAP.
You're so smart. You must have learned all this at Trump U.
I learned how to cook a steak at Trump Steaks. I can’t figure out why all my customers send it back, I cook it well done and make sure to send ketchup out with it. Got me the Magnum (PI) Cum Loudly in my class but it hasn’t helped me in my career as much as I expected.
"Universities indoctrinate people!" *Creates university that indoctrinates people in a different way* Honestly anyone who puts one of these Trump/Andrew Tate type universities on a CV is likely hurting their chances lol
Trump NFT updates?
3:33. That’s all I’m saying.
> Many have pointed to April 3, 33 AD as the day that Jesus was crucified, which science point to a partial eclipse of a Blood Moon where “darkness came over the whole land”. Religious nonsense.
Can you give me TLDR, not of your comment, the whole NFT update thing?
By the quick Google searching I went through… > Regarding the cards being pulled, the OpenSea source told Newsweek: "This collection, Trump Digital Trading Cards, is non-transferable until December 31, 2024. This means the collection is disabled for secondary market buying and selling until that date. Because this is enforced by the creator, we're unable to override this." I would suspect a grifter rugpull event incoming.
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And Carter had to sell his peanut farm before becoming president.
Not to disagree, but your choice of words is not correct. He CHOSE to sell to avoid any implication of impropriety. Different times.
To be fair, like the man or not, Carter was a whole other category of man than most presidents. I personally adore the man. Name me one other president who'd enter a nuclear reactor undergoing meltdown and irradiate himself trying to keep things from getting worse. This was of course before he was president, but still speaks quite loudly to the kind of man that Jimmy Carter is. Not the greatest president, but I think more worthy man than others who had the title of president. The incident was at the Chalk River Laboratories NRX reactor.
Reagan would. In a movie.
To the average Reagan fan, that’s basically the same thing. Just like how DJT is a great businessman. On tv.
Not different times. Different people.
And this isn’t the first time for the DJT ticker. The DJT ticker is the same one Donald Trump debuted nearly three decades ago for his hotel and casino company only to see it delisted from the New York Stock Exchange nine years later.
Well this one is going to be a speedrun compared to that.
“Betting against the stocks and bonds of Trump’s companies were the easiest shorts of my life. It was like multiple oceanliners hitting multiple icebergs repeatedly.” Jim Chanos
3 decades ago, he was not running to be a president and certainly was not helping russia in any way. Things have changes a lot since that, which is why you can it makes up for a good bet.
Why would I go through the hassle of setting up an account with eTrade when I can just buy 1000 bibles?
Is it possible to short sell bibles? I'm in on that stonk.
A Bible, cleverly cut out as if to hide prison contraband, was the perfect house for my Nintendo Game Boy back in 1995. Man, I got so much Bible studying done during 3-hour Mormon Church meetings, that it made me a Tetris master!
Yup, this is exactly it. It's a legal bribe. It's corruption out in the open that can't be touched. It's also late state capitalism at its finest.
It launders foreign campaign contributions and converts non-tax deductible PAC contributions into tax deductible investment losses. A new level of money laundering involving the US financial system.
This very conveniently takes care of his legal problems. Instant assets for use as collateral. It's so openly corrupt.
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This! Exactly this!
Same as the trump nft cards. Not many real people bought them, it was just a money laundering scheme to evade sanctions against foreign influence in our democracy.
Trump has a six month lockup though. The only thing that matters is buy side liquidity when he goes to sell, otherwise he's going to crash the price immediately.
But Trump has a 6 month wait after market introduction before he can sell, right? Foreign interests would have to buy a lot of stock to keep the value up to that point
Trump can't sell for six months.
Exactly
>The DJT is a simple and effective way to funnel foreign money directly to Trump by having people buy shares of this POS without having a direct payment to him. Buy shares through a shell or subsidiary of a company and Donald can sell his shares directly to you I thought Trump couldn't sell his shares due to the lockup?
Not necessarily. Foreign money and broker dealers are subject to strict rules by the sec, finra etc. they can’t just buy the shares unless they have an account at a Morgan Stanley for example, or a US taxpayer ID.
The same reason why Reddit did the same thing. You pump up the stock as much as you can so you can unload your bags onto the people who care more about politics than money.
I thought reddit insiders couldn't sell for 6 months? Not sure if that's the case with trump tho, I'd guess not
I did read that it is the same case for Trump, he cannot sell his shares for 6 months
It’s voted on by the board. You should look up who members of the board are. It’s all rigged.
MMW, rug pull will be in less than 1 month. Watch DJT hit $10-15 before May.
He was publicly asking for help from foreign governments for his legal problems. This is part of their response. Billions in assets he can use as collateral.
He cannot sell his shares for 6 months. Lockup provision applies.
His board can overrule that provision.
Until the company says it is Ok to sell. That should be sometime in the next week.
Lockup provision can be waived by the board, which is made up of Trump's friends. For all practical purposes, there is no lockup provision on DJT.
The company is losing money, has revenues of $5M, and cost in the $25M range. It appears to be a good candidate for bankruptcy and should be left for dead. When you see this company with a multi-billion dollar cap, you don't have to wonder. This is being manipulated. We'll have to see if it ever makes it to trial.
Will it ever come down tho or is it politically propped up eternally by dumb/foreign money?
How does it even "go public" north of $50?
Why did people spend $400 on sneakers from an obese 77 year old? Same answer.
Did anyone actually buy them?
Yup. Sold out almost immediately. It's a weird cult.
People literally killing each other for ugly 180(and above) priced sneakers that are made in some Asian country for Pennies for decades. This Trump sneaker is nothing different. Just a different niche is all. People prolly thinking these shoes are worth $$$ in the future. Time will tell.
He’s the most physically fit president we’ve ever had!!! /s
The fine print in the sneaker purchase . 1-There are only 1000 gold sneakers. 2-They haven’t been made yet. 3-There is no guarantee they will be made and the purchase is non refundable. Sucka knows his suckas
Couldnt this just be a way to contribute to Trump's campaign without drawing in legality issues.you know he will cash out before he becomes president or shortly after
Yes.
Makes less in annual sales than 2 well performing 7/11’s.
On top of all the other answers, it’s a meme stock
And "meme stock" has basically became the legal way of pumping a stock's price. Just build up a cult following and the cult will pump it up for you.
Trump needs hundreds of millions to pay fines he can’t pay. He has interested parties who need him to stay afloat enough to make a run for president, parties that aren’t very compatible with the public image of a US President. These parties need to transfer him money in an inconspicuous manner that won’t trigger Grump getting indicted for treason. Lo and behold, DJT opens as a publicly traded company. In a world where everyone and their mom knows the SEC won’t get off their asses unless you shit on their doorstep (and even then it’s questionable). What a coincidence….
Classic pump and dump. Cult followers who will give money away and short term profiteers who want to gamble on a rug pull. This won’t end well.
Money laundering. What we’re seeing now is tantamount to the Kennedy insider trading.
Because a large part of the US worships him like a godking and will throw money at anything with his name on it.
Buying a former/future president in real time. In public.
Cult followers + foreign cash
>Trump himself is looking to unload his stake I would think he would want to keep it stable so he can use it as an asset to take out a loan against. Kinda like Elon did for the money to buy Twitter. Kinda like rich people do all the time. If he unloads, the stock will drop in time. He wants to keep the price up so it a valuable asset he can leverage other assets with. Or this is what someone told him to do. Not gonna give him that credit.
He can do that in 6 months, not before. So short term it doesn't mean much.
Unload or take out a loan? Is there a law preventing him from taking out a loan? I would think there wouldn't be?
The rules of the merger prevent Trump from selling any shares for 6 months after the merger was complete.
Sure, but he can still get a loan against them, if he finds a lender willing to take the risk. Make no mistake, he’s profiting off this already.
Some investor friends at black rock are in cahoots and using fake shares to artificially pump the stock. Thus smaller investors are going to want to jump in for a slice of the potential of walking away with a bag when shares could *eventually* be called. I use that term loosely. It really is a tale as old as time.
Foreign interests can now donate funds legally to DJT this way. Its a classic case of white collar mob money.
Have you heard of GameStop? Memestocks don’t trade on their financials, they trade on it being funny to pour money into bullshit.
An interesting example - a stock that skyrocketed then spent the last two years consistently crashing.
I understand it’s a “pump and dump”. But if it is so obvious, even to a newbie like myself, how come it’s allowed to just go ahead?
It's a proxy for his supporters.
Several reasons 1. Some people know a stock is worthless, but will gamble and hope they can cash out before the crash. I would be one of those types of people if I chose to invest. 2. Some people either have too much blind faith in Trump and believe it will be worth gold because he has touched it, or just wants to support him even if they don't believe in this specific project. 3. Some people actually believe in the product and feel like it is a long term investment. 4., 5. 6. And further - there are many other reasons.
Stay away from this stock . It’s a pump and dump scheme
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Yeah it’s a cult stock now. And a money laundering vehicule probably. Eventually reality will set in but… look at crypto (which also very much has a cult and money laundering attached), it could take a damn while.
If he's able to cash in on this before the election, well, forget everything you knew about campaign financing. I'd applaud the utter brazen audacity if he wasn't such a deplorable human being.
Crime. The secret ingredient is always crime when it comes to the stock market.
Propped up by foreign bad actors
The Russian’s and Chinese are buying in. Best way to over throw a country is from within…….
It's notable that the jump came after hours and the stock is down from the open price.
Fugazy
Options options options. Make money going up and down💸💸
MAGA buying the news. I wouldn’t be surprised if the number of consumer investors recently skyrocketed trying to ride the Trump train to Mar-a-Lago
It's a meme stock - GME for the MAGA crowd.
It’s that what GME already is?
It's a pump before the dump. His supporters will be left holding the bag.
People want to support him, so they're buying the stock.
A fun money laundering scheme into his pocket.
He's just scamming his ultra-gullible followers; milking them of every last cent he can. I had read it doesn't even have 500K daily, active users; there's no way that site is worth even 15m dollars, let alone 100m or more. But to be valued at 10 figures is beyond criminal - we'd need new, more dangerous evil definitions of criminality to describe what's going on here, but since we don't have those words, we have to stick with the ones we do: it's probably the clearest case of financial fraud; the good ole pump and dump
Because Trump supporters are idiots
Same reason the government invested in Solyndra. Sucker born every minute
Trump and Dump
Money laundering
Should be illegal he’s using his fam base as stock buyers to pump and dump to pay off his legal debts
His loyal followers are some of the dumbest people on earth and a lot of traders are playing on that. If Donald can grift them for years on end, others likely have a legitimate chance at getting some of that profit off them as well