09-20-2024, 07:38 AM | #2301 |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Trump is now eligible to sell his shares of his failing social media company. Will be interesting to see what happens and how many people are going to lose their shirts because they yet again trusted this grifter.
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09-20-2024, 11:54 AM | #2302 |
Coordinator
Join Date: Sep 2004
Location: Chicagoland
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Thoughts & prayers.
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10-04-2024, 03:41 PM | #2303 | |
Head Coach
Join Date: Oct 2005
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Economy looks good with inflation down & jobs still healthy. So yeah, regardless of who wins, I'm thinking 2025 is looking good unless there is a major negative event.
Quote:
Historical performance does not predict the future yadi yadi yada, so FWIW How Elections Impact Markets | Edward Jones Last edited by Edward64 : 10-04-2024 at 03:43 PM. |
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10-10-2024, 10:19 AM | #2304 |
Grizzled Veteran
Join Date: Nov 2013
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So what's up with Trump Media?
In the past week the stock has gone up about 50%!
__________________
"I am God's prophet, and I need an attorney" |
10-10-2024, 04:34 PM | #2305 | |
Head Coach
Join Date: Oct 2005
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Quote:
Either odds winning have gone up and/or Elon is pumping it up. I'll stick with Nvidia, S&P 500 and growth ETFs. Last edited by Edward64 : 10-10-2024 at 04:34 PM. |
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10-10-2024, 05:04 PM | #2306 |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
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I think it's a mix of these two things:
1) It's a meme stock and their valuations don't tend to match up with reality. The company doesn't make money and has no real plans to make money. Just a lot of people pumping and dumping or playing other games with the stock. 2) It's money laundering. A country or wealthy person is going to have trouble just giving a Presidential candidate money. But if you juice his stock and he makes millions from that new price, it's a way get around campaign finance rules. Same goes for his new $100k watch. Or when the Saudis would pay top dollar to rent out rooms at his hotels. Just a way to do a bribe indirectly. |
10-10-2024, 05:30 PM | #2307 |
World Champion Mis-speller
Join Date: Nov 2000
Location: Covington, Ga.
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I have a feeling it is two. I know he just recently was allowed to start selling stock. It wouldn't surprise me if this bump was coinciding with him selling some of his holding.
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