essentialsaltes
Stranger in a Strange Land
- Oct 17, 2011
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More Americans should invest in the stock market, or at least in managed 401Ks or other managed retirement vehicles if they don't feel up to the challenge of picking their own investments. For this, we should give Trump credit. Yet it seems to me that some of the unsophisticated new investors who have bet the farm on DJT are not getting a good introduction or knowledge foundation to how the stock market operates.
That nest egg has lost more than half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $22 on Tuesday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”
“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said.
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Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. [reportedly 600,000 retail investors as of Apr 7th, according to CEO Devin Nunes.]
“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth more than $2.6 million.
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Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.
He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”
Some accounts [on Truth Social itself] have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them.
[No, we liberal elites abominate Donald Trump; and we are shaking our heads sadly at those who place their faith/trust and money in him. OK, some laughing as well. But they have only themselves to blame if this investment doesn't pan out. It wasn't the deep state that tanked the stock.]
Another account, @realJaneBLONDE, posted on April 7 that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.
“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”
Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.
“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said.
She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers.
[One of David Lynch's rules is to buy stock in companies whose services/products you use and enjoy.]
When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”
Small-time investors in Trump’s Truth Social reckon with stock collapse
Some Trump supporters who invested in his social media company have seen their share values plunge -— and see it as a test of faith (April 14)
Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.That nest egg has lost more than half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $22 on Tuesday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.
“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”
“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said.
--
Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. [reportedly 600,000 retail investors as of Apr 7th, according to CEO Devin Nunes.]
“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth more than $2.6 million.
--
Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.
He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”
Some accounts [on Truth Social itself] have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them.
[No, we liberal elites abominate Donald Trump; and we are shaking our heads sadly at those who place their faith/trust and money in him. OK, some laughing as well. But they have only themselves to blame if this investment doesn't pan out. It wasn't the deep state that tanked the stock.]
Another account, @realJaneBLONDE, posted on April 7 that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.
“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”
Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.
“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said.
She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers.
[One of David Lynch's rules is to buy stock in companies whose services/products you use and enjoy.]
When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”
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