DJT Stock
Puddy Tat
hiss
Friday, May 31, 2024 12:59 PM
This isn't technically political, but I know someone here is going to make it such, so I'm putting it in the political forum.
Has anyone bought or day traded DJT stock?
The market hasn't opened yet but in the premarket his stock is _UP_ 6%, and I see this stock as basically a bet on Trump getting office, a meme stock. Even if it weren't, I don't know the company or media and won't trade it.
Has anyone bought or day traded DJT stock?
The market hasn't opened yet but in the premarket his stock is _UP_ 6%, and I see this stock as basically a bet on Trump getting office, a meme stock. Even if it weren't, I don't know the company or media and won't trade it.
Got something to say?
Start your own discussion
28 comments
I have tons of stock market credentials but (1) I don't day trade, I've lost too much that way, (2) I don't do meme stocks, as I'm better with fundamental analysis than reading the popular winds, and (3) I stick to what I know, which isn't the media sector.
@Hank - I don't think Trump can sell for 6 months after the IPO (that would be either late September or early October). Who knows where it is then. With ~60% of the stock, he won't be able to sell much without tanking it. You're right, $4M in 2023 sales, $60M net loss, $8.7B market cap makes no sense. But it moves with popular sentiment, not valuation. Options look to have a fuckton of volatility baked in. I wouldn't touch DJT stock or any derivative with a ten foot pole.
"highly manipulated stock, the valuations are nutso"
...
Valuations don't even matter much for the broad market since the Fed runs the show, and even less so for single stocks, and even less for a company which will be traded very emotionally (think tsla).
"Manipulation" is hard to define when it comes to speculation, but by a generally broad definition, all stocks are manipulated. Nothing especially manipulated about DJT, particularly given that it's not in any major indexes (so it's not bought/sold due to arbitrage as much).
I'm actually surprised how stable the price has been overall.
unless you have the time and energy for day trading, or you have insider information that you are willing to risk going to jail for using, the best way to buy and own stock is long term investment in an age-appropriate combo of stock and muni bond ETFs or mutual funds, with dividends reinvested, and don't even look at performance or financial statements until you do your taxes.
As of right now, the betting odds, which have been more accurate than polls, show a narrowing of the gap today, but Trump still maintains a substantial lead. I doubt the results of this trial will change many minds.
Best of all, you get to put your money where your mouth is. Talk is cheap, and opinions are like assholes. But ask people to put real money in it, and the game changes.
So, if you really believe DJT is trash, short the shit. No need to buy puts, just short it. Or, if you think it's a great stock, buy it. Probably none of you shit talkers will, because most people are full of shit and don't believe in themselves enough to actually risk money, you'd rather just run your mouth.
Disclaimer: I have zero interest in DJT and care zero about how it performs.
Most people are risk averse, as in the pain of losing $X outweighs the pleasure of winning $X. Me especially so, I used to love going to Mohegan and playing a little blackjack, then celebrating (or drowning my pain) at the strip club... until I realized I'll take the guaranteed fun at the strip club and end up happier.
Most options are highly illiquid and I would rather sell theta than buy it... inherently depreciating asset.
I will say that once I walked into a Trump casino put $15 on Black 10 and walked out $525 richer.
This is the easiest stock I've ever experienced to make money with. "Buy and hold" doesn't work. Buying options doesn't work. Day trading doesn't work. What works for me is selling options and harvesting premiums. When you play the market you're competing with AI, and guys who are smarter than you. The price of options, especially puts, is out of whack for djt. I believe it's because people suffering from tds are buying puts. How does a $45 put on a stock selling for $52 get priced at $13.49? The only way that can lose is for the stock to drop from $52 to $31.51 in 8 weeks.
Wanna make money with DJT?
1) Have $40k cash in your account
2) Monday morning sell 10 puts, $40 strike, exp 6-21, for $4.10. You'll bank $4,100 in 2 weeks.
Thank me later. Or don't, I don't care. Think I'm wrong? Buy some of those puts, then blame Trump when your puts expire worthless.
Gambling while fun isn’t investing, I’ve been investing in many different businesses and equities for many years and over the long run made plenty of mistakes and had some success.
What you’re describing is just a form of gambling we call musical chairs, when the music stops the only person to come out with some money will be Donald Trump.
So go ahead have some fun speculate a bit, its fine to hit a jackpot, if you can get lucky, but don’t get carried away with it.
Jes sayin
YALL is the ticker, which I find humorous.
I'm not going to trade DJT or any derivative; I just started this thread to see if anyone had the guts (or foolishness) to trade Trump media...or if conservatives were more likely to go long and liberals short...
@Ishmael - that is pretty good. Some ETFs are interestingly named. I wonder if there's a Christian values one JSUS or a Muslim one ALAH. Endless possibilities.
I want a single mothers mutual fund, STRP. Stocks in PL futures ...