At about this time last week, Donald Trump announced that he wasn’t going to sell any of his stock in Trump Media. That calmed fears that such a sale would tank the stock because he desperately needs cash from all reports, and caused the stock to soar. This was the value of the stock last Friday:
Fast forward to today and reality has set in for Trump and those who hold this stock. Here’s the value of that stock as I type this:
And if you want to see the downward trajectory of this stock over the last week, here you go:
That’s an almost 17% drop in value. And you have to think that this isn’t sustainable over the long term. At this point it’s only a matter of time before this stock crashes and burns. The only question is will it die slowly by losing value day after day, or will it be killed by Donald Trump cashing out his stake to get cash to deal with his various “problems”. But mark my words, this stock will crash.
This entry was posted on September 19, 2024 at 3:11 pm and is filed under Commentary with tags Donald Trump. You can follow any responses to this entry through the RSS 2.0 feed.
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Trump Media Stock Tanks Again
At about this time last week, Donald Trump announced that he wasn’t going to sell any of his stock in Trump Media. That calmed fears that such a sale would tank the stock because he desperately needs cash from all reports, and caused the stock to soar. This was the value of the stock last Friday:
Fast forward to today and reality has set in for Trump and those who hold this stock. Here’s the value of that stock as I type this:
And if you want to see the downward trajectory of this stock over the last week, here you go:
That’s an almost 17% drop in value. And you have to think that this isn’t sustainable over the long term. At this point it’s only a matter of time before this stock crashes and burns. The only question is will it die slowly by losing value day after day, or will it be killed by Donald Trump cashing out his stake to get cash to deal with his various “problems”. But mark my words, this stock will crash.
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This entry was posted on September 19, 2024 at 3:11 pm 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.