Stay away from it!

Forexer Guru said:
Trump Media & Technology Group, the owner of struggling social media platform Truth Social, began its long-delayed journey as a public company at Tuesday’s opening bell under the ticker symbol “DJT.”

The stock surged about 56% at the open, to $78, and trading was briefly halted for volatility. Trump Media shares stabilized around $70 before fizzling. By the closing bell, Trump Media ended at $57.99, up by a more modest 16% on the day.

Despite the late-day slide, Wall Street is still assigning Trump Media an eye-popping valuation of nearly $11 billion — a price tag that experts warn is untethered to reality.

The skyrocketing share price comes despite the fact that Trump Media is burning through cash; piling up losses; and its main product, Truth Social, is losing users.

Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span, yet its valued at $11 billion. Reddit was only valued at $6.4 billion at its IPO last week — even though it generated 160 times more revenue than Trump Media.

Bottom line: Trump Media is likely worth somewhere around $2 a share — nowhere near its closing stock price of $58.
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As a thread creator and a guru, you are expected to write meaningfully for the traders.

You did not.
 
Yesterday on cnbc they spoke about this. That borrowing shares to short it is over 100%...

This stock is going to collapse however with the amount of force behind it its anyone's guess when it will happen. There is absolutely no reason this company holds even a 100 million dollar market cap yet alone a staggering 2 billion!!
 
Forexer Guru said:
What a senseless, idiotic, silly, weak, DAFT, simple, irrational, insensate, shallow, witless, thick-skulled, shallow-brained maxinger.

Don't pretend to be a malinger ie a pretender. I thought you trade stock.

I have just remembered, you buy and sell soya.

Do some research and find that shares of Digital World Acquisition Corp., the shell company that became Trump Media Tuesday morning, have spiked more than 200% so far this year.

So it does not mean that price will fall to $2.
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These markers are all upside down, when you have trillions waving through the markets because of QE and fed printing unlimited amounts of money you get stocks like DJT!!
 
S2007S said:
Yesterday on cnbc they spoke about this. That borrowing shares to short it is over 100%...

This stock is going to collapse however with the amount of force behind it its anyone's guess when it will happen. There is absolutely no reason this company holds even a 100 million dollar market cap yet alone a staggering 2 billion!!
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Short rate yesterday for me was quoted at 490%
 
newwurldmn said:
options pricing 160percent through may.

approx 30cents/day
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Just put in 100 shares after your post, came back to me at 491%

Haven't looked at May options, maybe that's suggesting this high rate is very short term. I would also love to see a comparison of rates across brokers.
 
FSU said:
Just put in 100 shares after your post, came back to me at 491%

Haven't looked at May options, maybe that's suggesting this high rate is very short term. I would also love to see a comparison of rates across brokers.
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I was writing you a PM as you wrote this.

I'm 99% sure my broker won't have shares.
 
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