AriesWarlock Posted September 14 Share Posted September 14 (edited) Former President Donald Trump threatened the NASDAQ on Friday after the stock exchange briefly halted trading on Trump Media & Technology Group (ticker: DJT), which owns Truth Social. It was a wild day for the stock, which jumped more than 25% after the former president said in a press conference on Friday that he is not selling his shares. “No, I’m not selling,” he said when asked if he will sell his shares. “No, I love it.” Trump’s declaration prompted the stock to go parabolic. Not surprisingly, NASDAQ stopped trading on the security, which is standard practice when a stock’s price experiences huge swings in one direction or another. Trading was halted twice, each for five minutes. The security was one of dozens of listings on the exchange to be halted on Friday. In response, the ex-president went on Truth Social to express his bewilderment and to threaten the operators of the exchange: With a 60% stake, Trump is the majority shareholder of Trump Media & Technology Group. However, a lockup provision has prevented him from selling shares. That provision expires on Sept. 19. The stock has tanked in recent months amid speculation that the former president may seek to dump large amounts of shares in a short period of time, which would create downward pressure on the price. Currently, Trump owns 115 million shares that are valued at more than $2 billion. The company’s financials are in dire straits, as it lost $58.2 million last year while bringing in just $4.1 million in revenue. Despite the day’s jump, the share price, which closed at $17.97 on Friday, is a long way away from this year’s high near $80 a share. Edited September 14 by AriesWarlock Quote Link to comment
Jurassic Posted September 14 Share Posted September 14 It is a very bizarre stock. Some perceive it as a meme stock, others see it as gauging Trump's chances to win the presidency. If Trump sells, it would create a spiral the stock will not recover from. The company makes no profit, so the value of stock will only stagnate over time regardless of the election. Meanwhile, Trump plans to introduce his sons' crypto business next week, coincidentally the same time he can start selling his shares. This shit gives me a headache. AriesWarlock 1 Quote Link to comment
AriesWarlock Posted September 17 Share Posted September 17 Had a good trade today, and caught almost 12 points. I was a little disoriented because of the rocky start of the session. I should have entered where the 1 in yellow is. It should have been obvious. I could have made $150. Still, a winner is a winner. Reticently 1 Quote Link to comment
Reiraku Posted September 29 Share Posted September 29 Anyone else wanna gamble on some low Ubisoft stock? AriesWarlock and Jurassic 2 Quote Link to comment
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