Truth Social announces streaming service: #DJT stock nosedives as a result.
Let's be a bit transparent here. The value is still very much above water over it's lifespan, nearly 148% over intial offering.
And you can very easily argue that is based on nothing but speculation and hot air (coming from the king of hot air), it's still not in the red.
That, though, for anyone with eyes, is about a month or so away from happening if this trend continues. A felony conviction would seal it.
14% down now from prior close and AFTER the streaming network announcement.
It's been awhile since I've seen such a visceral and immediate response to a move like this on the market.I mean, at open it looked to pace the loss from the prior, but now, Jaysus, it's a mad scramble by everyone to escape the sinking ship.
I can't really remember anything like this, Tesla maybe?
@SentinelOfTruth More of an Enron or WorldCom feel to it. Gary Gensler is going to go through the two insider trading stooges to make this a full blown SEC case. This isn’t Gary’s first rodeo…
As of right now, it's down to $23 and change a share, 11% under yesterday's close. This is a fatal blow. The question comes down to how fast it bleeds out now.
My bet is by late May/Early June it finally perishes naturally. If there's a felony conviction, it's the point of no return; Both Financially and Politically.
Maybe he'll sleep through that as well.