Trump Media Shares Fall Off A Cliff After Donald Trump Has A Disastrous Debate On Tuesday Night
I sat on this story for a while before posting it this morning because I wanted to see what the aftermath of Donald Trump’s disastrous debate with Kamala Harris in terms of the value of Trump Media stock after a full day of trading. Because one of the things that makes this stock a meme stock is the association of the stock with Donald Trump himself. Which in my mind isn’t a good thing because any drop in Trump’s perception means that the stock could potentially tank. And because of his disastrous debate on Tuesday night, this happened to the stock on Wednesday:
So the stock which was kind of in free fall as I’ve reported here and here took a 10% nosedive yesterday. That’s got to hurt as it takes the value of his stake in the company to below $2 billion. Not exactly chump change. But it’s a long way from the roughly $9 billion when the stock was at its all time high of over $70 a share. And you have to believe that it’s going to continue to go down further either by the fact that it hasn’t hit bottom yet, or the fact that Trump will likely cash out on the 20th of September which will make sure that the stock hits bottom in a hurry as he needs the cash to deal with his various “issues” shall we say.
Get your popcorn ready as the crash of this stock is coming. Perhaps sooner than anyone thinks.
This entry was posted on September 12, 2024 at 8:16 am and is filed under Commentary with tags Donald Trump. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Trump Media Shares Fall Off A Cliff After Donald Trump Has A Disastrous Debate On Tuesday Night
I sat on this story for a while before posting it this morning because I wanted to see what the aftermath of Donald Trump’s disastrous debate with Kamala Harris in terms of the value of Trump Media stock after a full day of trading. Because one of the things that makes this stock a meme stock is the association of the stock with Donald Trump himself. Which in my mind isn’t a good thing because any drop in Trump’s perception means that the stock could potentially tank. And because of his disastrous debate on Tuesday night, this happened to the stock on Wednesday:
So the stock which was kind of in free fall as I’ve reported here and here took a 10% nosedive yesterday. That’s got to hurt as it takes the value of his stake in the company to below $2 billion. Not exactly chump change. But it’s a long way from the roughly $9 billion when the stock was at its all time high of over $70 a share. And you have to believe that it’s going to continue to go down further either by the fact that it hasn’t hit bottom yet, or the fact that Trump will likely cash out on the 20th of September which will make sure that the stock hits bottom in a hurry as he needs the cash to deal with his various “issues” shall we say.
Get your popcorn ready as the crash of this stock is coming. Perhaps sooner than anyone thinks.
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This entry was posted on September 12, 2024 at 8:16 am and is filed under Commentary with tags Donald Trump. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.