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+--- Thread: More winning (/showthread.php?tid=287087)
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More winning - Mr645 - 05-13-2024
DJT stock up over 8% this morning. With 60% of the stock in hand, Trump owns $4.5+ billion just in that stock.
Re: More winning - pdq - 05-13-2024
Yahoo Finance
GameStop stock (GME) soared as much as 110% Monday and was temporarily halted for volatility after "Roaring Kitty," the person who is seen as the kickstarter of the meme stock frenzy during the pandemic, posted online for the first time since 2021.
miley-laughing001:
Re: More winning - Acer - 05-13-2024
Crowing about market gains is dangerous, as the market is a fickle place. But, whatever, enjoy it while you can.
Re: More winning - sekker - 05-13-2024
Acer wrote:
Crowing about market gains is dangerous, as the market is a fickle place. But, whatever, enjoy it while you can.
And be careful about meme stocks if you are putting more than entertainment $$ in them.
Re: More winning - JoeH - 05-13-2024
Stock is only worth what Trump can sell it for. It may be worth $4.5 billion on paper, but the price would go down rapidly if he tried to sell more than a small fraction of what he owns.
Re: More winning - Mr645 - 05-13-2024
JoeH wrote:
Stock is only worth what Trump can sell it for. It may be worth $4.5 billion on paper, but the price would go down rapidly if he tried to sell more than a small fraction of what he owns.
So maybe Trump is bright enough not to sell 50% of all of the stock in one day
Winning!!
Re: More winning - JoeH - 05-13-2024
Mr645 wrote:
[quote=JoeH]
Stock is only worth what Trump can sell it for. It may be worth $4.5 billion on paper, but the price would go down rapidly if he tried to sell more than a small fraction of what he owns.
So maybe Trump is bright enough not to sell 50% of all of the stock in one day
Winning!!
More like losing! Doubt he could sell more than 1% at a time, and not in one day without depressing the stock price. Only way he wins is if someone buys the whole company at an inflated price. Its actual revenues and costs do not justify anywhere near the current stock price. Perhaps his friend Putin will use some of his ill gotten wealth.
Re: More winning - AllGold - 05-13-2024
The company lost $48M on only $4.1M in revenue last year. It's not going to end well.
Re: More winning - Speedy - 05-13-2024
AllGold wrote:
The company lost $48M on only $4.1M in revenue last year. It's not going to end well.
True for most of the small investors (cultists) but Trump will still make out like a bandit.
Re: More winning - N-OS X-tasy! - 05-14-2024
JoeH wrote:
Stock is only worth what Trump can sell it for. It may be worth $4.5 billion on paper, but the price would go down rapidly if he tried to sell more than a small fraction of what he owns.
Shhhh… don’t say anything that would discourage our resident troll from investing more of his own money in this stock.