Meanwhile DJT stock has risen 50% in the last 3 days

[edhopper]

With nearly double the normal volume, on no real news regarding a company worth basically nothing.
None of the explanations wouldn't involve some level of corruption.

[CanonRay]

1. Dead cat bounce?

[FalloutShelter]

2. They are expanding into cable TV.

I kid you not. They will be televising cancelled “non woke” TV shows and movies.

This got the suckers excited about the stock again.

Can’t make it up.

[WarGamer]

3. I explained this in an earlier OP.

It's called trading.

No one is investing in DJT. It's a terrible investment with no future.

That doesn't mean it's not tradeable.

I was watching the ticker today, this afternoon the 35C option exp 4/19 went from 0.25 ($25/contract) to 2.10 ($210/contract) in about an hour...

Recently DJT advised shareholders to NOT allow their share to be borrowed by SHORT traders and then TODAY they filed a complaint with the SEC re: naked short trading which is somewhat illegal...

And... as I explained...

Stocks drop until they hit a point of support, support in this case means a dollar amount where traders feel they can swoop in and buy it... and dump it in an hour... or 3 days... for profit.

That's why you saw the price plummet ever since 79... then around 25 enough traders decided it was a good entry.

Today it tagged 36... and it'll dump again when a number of TRADERS are happy with the profit they see... might be at 40 or 50 or 79 again?

I don't think we'll see a short squeeze, a violent upwards movement brought on by short interests being liquidated OR closing their shorts at a loss... there just aren't that many shorts involved.

[edhopper]

4. I thought that

But it seemed this kind of gain was more than you would see with traders.
I thought we would see a drop before this much gain from the low, as those who bought at the bottom would take their profits.
It is a crap stock that stunk from the start.
But you may be right.

[WarGamer]

6. Don't forget, the ticker name is new but it's been traded for a couple years.

It was at 17 at the start of the year. Hit 79 after the merger was official.

It's not like NVDA, Nvidia who literally print money each and every earnings report... people buy NVDA to sit on for 10 years and make bank.

DJT has zero institutional support... it's owned by Trump, Nunes, some investors a bunch of fans like MTG and the rest is just traders volume.

DJT isn't even as solid as cryptocurrency... it's truly just a meme stock being traded for profit.

Thanks for reading and have a good night/weekend!

[Emile]

15. Who has the majority of shares of DJT stock?

[Oneironaut]

5. It's basically being pumped and dumped.

It’s going to be raised to a certain amount again, usually by clueless bag-holders, and then dumped to make people who bought it low money.

[WarGamer]

7. And then rinse and repeat

[brooklynite]

8. Before leaping to "we know they would", start out with "why would they"?

"They" have no incentive to buy up shares because 1) market forces are just as likely to push the price down until the point that Trump can sell off,; 2) Trump selling off will dump the price, reducing the purported impact of pumping up the price now; and 3) I keep getting told that "they" have compromising material on Trump, so why the need to give him money?

Let me suggest that people who obsess about daily rises and falls in the market shouldn't be in the market.

[edhopper]

9. 50% rises on no news

Are highly uncommon and point to something else going on.

My portfolio is doing fine, thank you.

[brooklynite]

10. Opened at $18.45. Closed at $17.01.

Perhaps the "something going on" is MAGA idiots buying in based on ignorance. Like the Reddit crowd buying into Game Stop.

[WarGamer]

11. ?? It went from 33-36 today

[Hugin]

16. People keep looking at the other DJT...

DJTW or something like that. Yes, that one is dropping.

[TwilightZone]

12. Huh, there haven't been 1,000 posts about it.

[Demsrule86]

13. Probably more MAGA suckers destroying their retirements.

[Karma13612]

14. Yea, as always when you are dealing with Trump,

Something is definitely not on the level.

It might take years to prove it tho.

[Bucky]

17. I had the same suspicions about cryptocurrencies

It's just a big Ponzi scheme. It's money chasing money with no baseline economic product or added value. It's just selling it off to the next sucker for more than you got took for.

So it grinds up and bounces down over and over. If you invest, and you really should, just avoid sketchy securities.

[Polybius]

18. How man shares does he own?

Did this actually make him a billionaire?

[edhopper]

19. 78 million

depends on the price when he sells.

[Polybius]

20. Hmm, $36.38 at the moment

$2,837,640,000 in stock, damn.

[edhopper]

21. I am hoping it is at $1 a share

when he is allowed to sell.