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.
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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%!
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"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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10-14-2024, 04:32 PM | #2308 | ||
Head Coach
Join Date: Oct 2005
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DJT up +18.5% today.
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It's also been a pretty good couple weeks for Nvidia. Nvidia up +2.43% is now at $3.39T. It still has the AI momentum and good bet they'll take over from #1 Apple at $3.52T. |
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10-14-2024, 05:37 PM | #2309 |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
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That actually does make sense. If he wins, it'll be the best way to legally bribe him in office. And whoever got in on the stock can enjoy the wave. And the way things are going, it seems more and more likely he'll win.
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10-15-2024, 08:24 AM | #2310 |
Coordinator
Join Date: Sep 2004
Location: Chicagoland
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While it's been well documented that Trump has failed at pretty much everything, you have to admit he has broken new ground when it comes to money laundering. Especially money laudering that apparently appears impossible to prosecute.
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10-15-2024, 10:09 AM | #2311 |
Grizzled Veteran
Join Date: Nov 2013
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How effective of a bribing method is it?
Let's say I want to give $1000 to Trump. How much would I have to invest to make sure Trump sees that $1000?
__________________
"I am God's prophet, and I need an attorney" |
10-15-2024, 12:03 PM | #2312 | |
Favored Bitch #1
Join Date: Dec 2001
Location: homeless in NJ
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Quote:
I think you're looking at it at to micro a level. The Saudis, Russia, etc...will dump hundreds of millions into boosting the stock price, thus boosting all the shares Trump owns. |
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10-15-2024, 02:01 PM | #2313 | |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
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Quote:
Yeah, he owns 57% of the company I believe. So any increase to the market cap is going to make him a fortune. This isn't for some small donor, it's for the Saudis, Israelis, China, etc to invest a billion dollars in and get everything they want in return. And Trump gets his cut. It's kind of brilliant in a way. Don't have to hide gold bars in your basement or whatever. The stock is worthless if he doesn't win so I think it's a good gauge of how the race is shaping up. With Kamala's fall and her internals looking so bad, the stock has jumped a lot the past week. If that changes, the stock will tumble before election day. |
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10-15-2024, 02:02 PM | #2314 |
Death Herald
Join Date: Nov 2000
Location: Le stelle la notte sono grandi e luminose nel cuore profondo del Texas
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Trading was put on hold a bit ago after a $6/share drop
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Thinkin' of a master plan 'Cuz ain't nuthin' but sweat inside my hand So I dig into my pocket, all my money is spent So I dig deeper but still comin' up with lint |
10-15-2024, 02:16 PM | #2315 |
World Champion Mis-speller
Join Date: Nov 2000
Location: Covington, Ga.
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10-15-2024, 02:19 PM | #2316 |
World Champion Mis-speller
Join Date: Nov 2000
Location: Covington, Ga.
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Dola: And as we discuss money laundering, is there any easier way to transfer money straight to Trump than the crypto-currency? Isn't he (and his partners) just directly getting the money from whatever amount of coin is initially sold?
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10-15-2024, 02:21 PM | #2317 | |
Hall Of Famer
Join Date: Jun 2006
Location: Chicago, IL
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Quote:
Don't forget selling $100k watches that probably cost them a few hundred to make. Some Saudi Prince just so happens to want to buy 1000 of them as "gifts" for his friends. |
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10-15-2024, 02:42 PM | #2318 |
World Champion Mis-speller
Join Date: Nov 2000
Location: Covington, Ga.
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Actually the most direct. Considering the fine print on it didn't even promise the watch would be the one in the picture, they could literally send them toy watches back.
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10-15-2024, 03:07 PM | #2319 | |
Head Coach
Join Date: Oct 2005
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Quote:
Oh well, easy come, easy go. DJT down -9.7%. Nvidia down -4.5%. I know why Nvidia went down. Not sure about DJT. |
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10-19-2024, 08:52 PM | #2320 | |
Grizzled Veteran
Join Date: Nov 2013
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Quote:
Well I just recently bought a GeForce 4060 TI as part of a new gaming computer. I hope that raises the price of the stock.
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