Wall Street loves DJT!

iluvatar5150

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Big bounce so far this morning. I guess we're going for a ride.

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essentialsaltes

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Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock

One such investor was Mohammed Al Shalloudi, a 21-year-old data analyst from the United Arab Emirates, who rushed to invest in the Truth Media stock as soon as it became available because he believed he could get Trump supporters to pay premium prices for a stock that he believed was wildly overpriced.

Al Shalloudi's bet has already paid off, given that he bought up shares when they were trading at $37 a piece and then sold them off last week when the price hit $65.

"It was a no-brainer," he tells Reuters. "You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit."
 
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Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock

One such investor was Mohammed Al Shalloudi, a 21-year-old data analyst from the United Arab Emirates, who rushed to invest in the Truth Media stock as soon as it became available because he believed he could get Trump supporters to pay premium prices for a stock that he believed was wildly overpriced.

Al Shalloudi's bet has already paid off, given that he bought up shares when they were trading at $37 a piece and then sold them off last week when the price hit $65.

"It was a no-brainer," he tells Reuters. "You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit."
Sad that in the end, Donald's supporters who bought in will lose bigly while Donald makes more money off of them.
 
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The Barbarian

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Pump-and-dump investors cash out on 'crazy' Trump fans buying up Truth Social stock

One such investor was Mohammed Al Shalloudi, a 21-year-old data analyst from the United Arab Emirates, who rushed to invest in the Truth Media stock as soon as it became available because he believed he could get Trump supporters to pay premium prices for a stock that he believed was wildly overpriced.

Al Shalloudi's bet has already paid off, given that he bought up shares when they were trading at $37 a piece and then sold them off last week when the price hit $65.

"It was a no-brainer," he tells Reuters. "You buy the stock, wait for Trump's fan base to hear about it, and enjoy your profit."
Betcha Trump is incensed that someone else is getting the payoff from his marketing scam. He has to wait six months, after which guys like Mohammed will have wrung out all the suckers.
 
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rambot

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Sad that in the end, Donald's supporters who bought in will lose bigly while Donald makes more money off of them.
Remember America's most wanted? If Trump were poorhe would have e been a featured grifter on there bur because he's rich there is an allure that shallow people are attracted to
 
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The IbanezerScrooge

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DJT Institutional Holdings

Ownership Summary​

LabelValue
Institutional Ownership1.66%


META Institutional Holdings​

Ownership Summary​

LabelValue
Institutional Ownership76.89%
I think I read that only about 11% or 16% of the shares were held by non-insiders. Seems to me that it wouldn't take much activity to tank the price.
 
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I think I read that only about 11% or 16% of the shares were held by non-insiders. Seems to me that it wouldn't take much activity to tank the price.
The short sellers seem to have wrung out most of the sucker money, while Trump won't be able to dump his shares for six months. Grifter envy.
 
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iluvatar5150

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The short sellers seem to have wrung out most of the sucker money, while Trump won't be able to dump his shares for six months. Grifter envy.
I don't think Trump paid anything for his shares, so as long as this thing doesn't go under completely, he'll come out ahead. I'm not happy about that, but at least I'll be able to chuckle at his embarrassment and his fanbois taking a bath.
 
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