Trump Media & Technology (DJT) Stock

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For what it is worth, shorting DJT (Trump stock) (with VERY LITTLE FEE) or trading bearish options appears to be an interesting trade. (This is nothing against Trump personally or a political statement at all.)

He (along with some cronies from The Apprentice) will be able to sell their shares of stock soon. And their cost of their shares is ZERO! Need to double check the date they can sell, but I think it is on or about 9/19/24.

Gary Kaltbaum of Investor’s Edge says the stock is worth about $1 (vs. a close Wednesday of $16.98). He’s been pounding the table (negatively) on this stock for months, and he can’t stand either Trump or Kamala!

The chart looks HORRIBLE and there is very little real operation behind Truth Social. The stock hit a new 2024 low on Wednesday. Trump himself has gone to competitor X! Also, he likely has massive legal bills to pay, so his own legal advisors might be asking him to sell while he can get something (my speculation).

I’ve made really good $ trading this stock and the old DWAC stock and warrants- both long and short since 2021.

Also, Warren Buffett has over $300B in cash right now and September is the weakest month of the year. This could potentially be a fabulous trade!

CAUTION: When DJT stock does rally, it can go up sharply and quickly. It was up over 49% intraday on 7/15/24- the first trading day after the assassination attempt. Shortly thereafter, it came right back down.