Lions.
I am going to do something here which could potentially get me in trouble. With that, I consider it my responsibility to AT LEAST give you something to think about.
Trump Media & Technology Group Corp. (DJT)
SINCE DAY ONE! I have warned people to STAY AWAY from (click)- DJT stock. I said specifically that some people will make a lot of money, the very early investors, but most will get DECIMATED. I was SPOT ON.
DJT stock hit an all time high of around $80 in March of this year, and has been in a steady decline ever since.
Then, Trump came out publicly back in July and told his supporters to buy the stock when it was trading at about $40. Subsequently, the stock cratered to just under $16.
Just this past Friday, Trump said that he would not be selling his shares in the company, and that day the stock shot up from $16.00 to near $21, then IT cratered again. Right now today, DJT stock is trading at just over $16. Was this a Pump and Dump? Would be easy to pull off with a 3rd party involved.
Here is where this get interesting.
Just this past April Trump registered his shares for a potential sale, although again last Friday he said that he wouldn’t sell. Do you trust that? IF Trump were to sell his shares the stock would tank…
BY ANY SIMPLE VALUATION METRIC THE STOCK IS WORTH $9 A SHARE.
Today DJT stock is trading at just over $16.
In my opinion, THE ONLY reason to own DJT stock would be, IF YOU TRULY BELIEVE/SPECULATE, THAT TRUMP WILL BE SELECTED AS PRESIDENT. Then, I would expect the stock to trade higher, could be substantially higher.
OTHERWISE, IMO, THIS STOCK WILL EVENTUALLY REACH FAIR VALUE. Around $9.
GM
Trump will be the next President....like it or not. That is why I will hold the DJT stock. Nothing personal, just business.
Zion Don doing another Trump and Dump?
Say it ain't so!