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Posted
2 hours ago, Mdhorn said:

I like that Reacher is who they think of when they imagine Dotard, and themselves trying to save America from equality.   

Like when they considered Rage Against the Machine to be brothers in arms.

Ultimately, when it comes to MAGA being rejected by their perceived heroes it's this.

mitchell-and-webb-are-we-the-baddies.gif

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Posted
1 hour ago, Pancho said:

Pop Tv GIF by Schitt's Creek

Black Sirius had a blast with this story today. The bug eyed butter biscuit who interviewed her on Fox is from Garland and worked with James O’Keefe at one point.

  • Drool 1
Posted
5 hours ago, Bullneck said:

SOME GUYS CAN'T GET A BREAK!   A BEARISH PATTERN HAS BEEN DETECTED! 

Wake me up when this shit is below $30 (which might early afternoon today).

image.thumb.png.10eac89388a02ce066104065ad864d04.png

 

5 hours ago, Macanudo said:

It might get below $30 before lunch.   Hovering around $30.40 right now 

Seeing that it reached $29.57 a little after 10AM EST today. Currently at $31.09.

Posted

I went back to Jan 6, 2021 and read the posts from that morning and found these predictions I thought make for good coffee talk.

  

On 1/6/2021 at 11:03 AM, BradInATX said:

 

 

Attack Iran - 10% chance

Trump runs to foreign country - 10% chance

MAGA riot/terrorism somewhere - 50% chance

Trump doesn’t leave WH - 0% chance

Trump tweets a shitload of conspiracy theories and blames Pence for his loss - 100% chance

Only 50%?

On 1/6/2021 at 11:10 AM, Guest Lobo said:

i'll just run with your scenarios:

-Iran:  50% chance.  The carrier group positioning is curious.  But macro oil trends are stabilizing, no reason to fuck that up right now.  

-Trump to foreign nation:  Much lower, but way higher if it's to one of a handful of countries he has a property in.  He'll couch it to his base as, "I'm a hard worker, you all know that.  I don't skip a day, I'm getting right back to running my empire so I've got to India to check on our new tower there."  

MAGA riot/terrorism:  this is where I'm still very bearish on the movement.  I'd put it at 50% terrorist incident, 80% mass shooting. 

Trump doesn't leave WH:  5%.   He's leaving.  Somebody will make it very clear to him, that he goes quietly without an embarrassing debacle for us overseas, somebody will squeeze the U.S. Attorney's office to lessen some of the things they're going after with regard to his family and inner circle.  

Tweets and Fire Stoking:  101%.  

I know y'all don't like any Republicans.  But there's several dozen, run-of-the-mill Chamber of Commerce GOP Congressmen who weren't going along with Trump.  They aren't the 15-20 really vocal ones who never shut up on FOX or at rallies.  They just followed the orders from McCarthy or McConnell on how to vote.  They didn't use Trump to fundraise, they never really debased themselves to run on pro-MAGA shit, they just tolerated it.  Sure they vote out of self-interest and corruption and a backwards view of social progress, but they at least had some modicum of respect for the Constitution.  And they'll conduct themselves that way today in the Capitol.  They're not joining in this Cruz/Mo Brooks/Jim Jordan co-hort of insane deviants.  They're just gonna do their mandated formality and certify Biden.  And then just get back to their quiet little district that ain't too red, ain't too blue---somewhere in Oregon or Virginia or Michigan or even Texas and get back to fundraising for a third term, and committee work.  And later this month some lunatic MAGA/Proud Boy/Trumper is gonna begin hunting that Congressman and his family.  

 

 

Again, only 50%?

 

These next two really underestimated all those relators and gravy seals:

On 1/6/2021 at 11:48 AM, DigglerontheHoof said:

actually watching this trump fiasco on Fox.  That crowd isn't marching on shit.  Low energy, taking selfies, posting of FB.  

Trump is just rambling from lie to lie and they barely look to be paying attention.  Pathetic, just as you'd expect. 

 

On 1/6/2021 at 12:01 PM, Pato del Muerto said:

All cowards just like him. Bluster and social media and attempts at bullying. 

 

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Posted
3 hours ago, C-Man said:

 

Seeing that it reached $29.57 a little after 10AM EST today. Currently at $31.09.

Meidas Touch statement says donald JAIL trump is in clear violation of laws regarding his numerous comments today about this item.

Posted
21 minutes ago, Gil Bang said:

 

If I'm honest, it looks like he just took a subservient role and let TFG walk by.  I mean, to hell with Trump, but there's so much blatantly stupid behavior out there.  This is not the hill to die on.

 

/when keeping it real goes wrong

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Posted
1 minute ago, Pancho said:

Wait..

 

This is why the crazy Whites (not the sane ones) believe Trump is still the current president

 

 

lol that is insane on a couple of different levels

Posted

https://www.thedailybeast.com/truth-social-investors-try-to-keep-hope-alive-as-stock-tanks?ref=home?ref=home

 

Quote

Donald Trump’s acolytes gathered at Mar-a-Lago on Wednesday evening to celebrate the public listing of his social media firm, even as the company’s stock continued to crater. Under the Palm Beach sky, right-wing radio host Sebastian Gorka sucked on a cigar, actor Jon Voight posed for photos, and country singer turned Bible salesman Lee Greenwood belted his runaway hit “God Bless the USA.” At the end of the song, he and the former president saluted.

In a speech, Trump encouraged investors to keep calm. “We have over $200 million dollars in cash, which is very liquid,” he said, according to a reporter from Right Side Broadcasting Network in attendance.

 

Quote

On Trump’s social media site, Truth Social, the mood is less ebullient. “Man I really thought we were gonna see a jump today. Especially after that party last night. There is always tomorrow,” one user lamented on Thursday morning.

“Doesn’t it seem strange that the price goes down steadily every day? Haven’t seen a green day for a while,” wondered another.

Shares of Truth Social’s parent company, Trump Media and Technology Group, have fallen more than 50 percent since late March, as the company’s dire financial position has become more clear. Last year, it brought in just $4.1 million in revenue and posted a $58.2 million loss.

 

 

Quote

Even after tanking, however, the business is still worth more than $4 billion on paper—a number that defies normal valuation metrics. Trump loyalists have helped keep the stock afloat as a way to financially support him, though TMTG remains heavily shorted by investors who believe its shares will continue to fall.

On Truth Social, retail investors are encouraging each other to keep the faith. “When the whole world is set on ruining you with everything that they have got, it’s a good sign that you are likely on the right side of things,” one person wrote on Thursday.

 

Spoiler

Another user sought to liken TMTG to high-growth tech companies: “I don’t understand all the concern about this stock going down. All of the big stocks were very low at the beginning,” the person said. “We are less than a month into this being an actual stock. I am optimistic about [Truth Social] and will continue to hold and keep buying when I can.”

Other users speculated that the Mar-a-Lago event was proof that the company is rounding a corner. Why else would executives and bigwigs gather for a raucous party? “I think there is something coming very soon, and they are all excited about it. Something they worked very hard to make happen. A milestone for the team,” one of the believers wrote. “I hope we find out very soon.”

Trump owns a majority of Truth Social’s shares, though he is suing to amass more control. In a lawsuit filed last month, he argued that his two co-founders—who were previously contestants on his reality show The Apprentice—had underperformed in their duties and didn’t deserve their 8.6 percent stake.

The former associates, Andy Litinsky and Wes Moss, have filed their own lawsuit alleging that the company tried to unfairly dilute their stakes. They are also seeking to challenge a six-month lock-up provision on selling their shares.

Some Truth Social users blame the mainstream press for “spreading lies” about the company, as one person framed it. And despite nerves about the stock’s downward slide, many of them have pledged to keep buying shares.

“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!” one user declared excitedly. “This is the only time I would hope for the price to drop so I can get as many shares as possible!”

Another chimed in: “Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.”

 

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Posted
37 minutes ago, Francisco 2.0 said:

https://www.thedailybeast.com/truth-social-investors-try-to-keep-hope-alive-as-stock-tanks?ref=home?ref=home

 

 

 

 

 

  Hide contents

Another user sought to liken TMTG to high-growth tech companies: “I don’t understand all the concern about this stock going down. All of the big stocks were very low at the beginning,” the person said. “We are less than a month into this being an actual stock. I am optimistic about [Truth Social] and will continue to hold and keep buying when I can.”

Other users speculated that the Mar-a-Lago event was proof that the company is rounding a corner. Why else would executives and bigwigs gather for a raucous party? “I think there is something coming very soon, and they are all excited about it. Something they worked very hard to make happen. A milestone for the team,” one of the believers wrote. “I hope we find out very soon.”

Trump owns a majority of Truth Social’s shares, though he is suing to amass more control. In a lawsuit filed last month, he argued that his two co-founders—who were previously contestants on his reality show The Apprentice—had underperformed in their duties and didn’t deserve their 8.6 percent stake.

The former associates, Andy Litinsky and Wes Moss, have filed their own lawsuit alleging that the company tried to unfairly dilute their stakes. They are also seeking to challenge a six-month lock-up provision on selling their shares.

Some Truth Social users blame the mainstream press for “spreading lies” about the company, as one person framed it. And despite nerves about the stock’s downward slide, many of them have pledged to keep buying shares.

“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!” one user declared excitedly. “This is the only time I would hope for the price to drop so I can get as many shares as possible!”

Another chimed in: “Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.”

 

This is actually insane. 

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Posted
49 minutes ago, Francisco 2.0 said:

When the whole world is set on ruining you with everything that they have got, it’s a good sign that you are likely on the right side of things,” one person wrote on Thursday.

Or maybe, just maybe, you are all just a bunch of rubes.

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Posted
1 hour ago, Francisco 2.0 said:

https://www.thedailybeast.com/truth-social-investors-try-to-keep-hope-alive-as-stock-tanks?ref=home?ref=home

 

 

 

 

 

  Hide contents

Another user sought to liken TMTG to high-growth tech companies: “I don’t understand all the concern about this stock going down. All of the big stocks were very low at the beginning,” the person said. “We are less than a month into this being an actual stock. I am optimistic about [Truth Social] and will continue to hold and keep buying when I can.”

Other users speculated that the Mar-a-Lago event was proof that the company is rounding a corner. Why else would executives and bigwigs gather for a raucous party? “I think there is something coming very soon, and they are all excited about it. Something they worked very hard to make happen. A milestone for the team,” one of the believers wrote. “I hope we find out very soon.”

Trump owns a majority of Truth Social’s shares, though he is suing to amass more control. In a lawsuit filed last month, he argued that his two co-founders—who were previously contestants on his reality show The Apprentice—had underperformed in their duties and didn’t deserve their 8.6 percent stake.

The former associates, Andy Litinsky and Wes Moss, have filed their own lawsuit alleging that the company tried to unfairly dilute their stakes. They are also seeking to challenge a six-month lock-up provision on selling their shares.

Some Truth Social users blame the mainstream press for “spreading lies” about the company, as one person framed it. And despite nerves about the stock’s downward slide, many of them have pledged to keep buying shares.

“Just sat down with my broker yesterday and am having him move $10,000 of my Roth IRA, that we had sitting idle for kind of like an extra ‘emergency fund’, into $DJT stocks!” one user declared excitedly. “This is the only time I would hope for the price to drop so I can get as many shares as possible!”

Another chimed in: “Not going to be able to sleep tonight. If you stick it out I believe you will be rewarded greatly. I believe God directed me here.”

 

Some of those quotes read like links to aggy recruiting during the Hornfans days. 

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Posted

Man, I have less than zero sympathy for anyone losing their ass on Truth Social.

I have some (exceptionally little) sympathy for people still planning on voting for him because of decades of Fox News and disinformation rotting their ability to find nuance in literally anything. And because a not insignificant percentage of my family and friends fit in this group.

But even they realize by now that money spent on anything Trump related ain't going anywhere useful. Those people are too dumb to function in our society.

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Posted
4 hours ago, Biff Tannen said:

lol that is insane on a couple of different levels

It’s not insane. They know Republican voters these days are too fucking stupid to realize that it’s already illegal for non-citizens to vote in federal elections, and Johnson and Trump are playing them like a fiddle.

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Posted

Yep, the proposed 'legislation' is redundant and meant to fail on purpose.  That way, they can claim it was because it didn't pass, that's why so many illegals voted and stole the election.  Again.  Or they tweak it, hold it over the House's head as negotiating power for something else like Ukraine or more student loan forgiveness of Refrigerator Freedom Bill, or whatever.  And it does pass, then they can boast about election integrity leading into November instead of being labeled as just constantly whining about 2020 over and over and over again, which may actually win back a couple million of the 25mm "middle" Trump voters who were thinking of sitting this one out.  Johnson is an asshole weirdo, but he's nowhere as stupid as Trump and either way, the play gains some favor with his faltering coalition.  

Cherry on top for Trump, it's just another fundraising grift.  "Help me today by donating $100, $25, or even $5 to help advocate for the passing of this tremendous legislation by traveling and visiting with members of Congress.  This fantastic bill that I helped write will pave the way for a free and fair 2024 Presidential election.  Give today! (even though you're still being billed monthly for the 2020 Stop the Steal election campaign fund)"  And if the effort rails, he simply goes all Scooby-Doo Villain, "And I would have won if weren't for those darn RINOs!"  

Posted
2 hours ago, aggie08 said:

Man, I have less than zero sympathy for anyone losing their ass on Truth Social.

I have some (exceptionally little) sympathy for people still planning on voting for him because of decades of Fox News and disinformation rotting their ability to find nuance in literally anything. And because a not insignificant percentage of my family and friends fit in this group.

But even they realize by now that money spent on anything Trump related ain't going anywhere useful. Those people are too dumb to function in our society.

Americans celebrate stupidity. We are finally seeing consequences of that. 

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Posted
23 minutes ago, Neonmoon said:

Americans celebrate stupidity. We are finally seeing consequences of that.

Ain't this the damned truth.

Posted
1 hour ago, Neonmoon said:

Americans celebrate stupidity. We are finally seeing consequences of that. 

Yep, this is really what it comes down to.  Stupidity, ignorance, and disengagement from facts were always here.  But somebody figured out a way to validate it, to make it a virtue, something not to be ashamed of.  And they made him their king.

You want to vote to protect life, keep guns, keep out immigrants, etc.  Fine.  Been that way for centuries and will always have an audience.  Don't agree with the extreme viewpoints, but they were nothing new.   But it was sudden elevation of stupidity that made this all beyond the pale for me.  People like this used to be cast out of the tribe, or given menial tasks, so as not to put the group as a whole in danger.  And now, they're finally in charge.  Gonna get worse before it gets better.  And we're gonna have a shit-ton of leftover stupids after this who can't kick the high and we gotta figure out what to do with 'em. 

 

Posted

Believe it for Donnie, the Iran-Israel situation does not completely revolve around you.  And spoiler alert—the tension actually predates your rise to gameshow host stardom.  

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Posted

He says Dotard Social has over $200MM in cash that is very liquid, but look at the balance sheet and all that cash is below the current assets line, meaning it's locked up for over one year.

The financial statements were signed off by a firm named Adeptus Partners, LLC.  Not exactly your PricewaterhouseCoopers / Deloitte & Touche / Ernst and Young / KPMG type of dudes.

image.thumb.png.781acf4a91a378aa86a80888b5a6cae0.png

 

image.thumb.png.14f0acd094929122104aa579bba7c1ec.png

 

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Posted

Adeptus' main three client bases are social media influencers, Hollywood talent agencies, and Cannabis merchants.  

So yes, Truth Social fits right in.  Their Executive Committee is credentialed at such prominent business schools as Gettysburg College, Mount Saint Mary's College, and University of Albany.  The top of the top of the top.  

This whole thing is set up for a foreign adversary to just buy up a plurality/majority of the shares.  This is insane.  And the SEC will do an obligatory investigation, as they should.  And invariably, Trump will declare the investigation a witch hunt begun by Biden as he weaponizes the SEC under Merrick Garland.  And the dumbass won't remember that SEC doesn't report to DOJ.  But.  Here.  We.  Go.  

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Posted

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

Quote

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

 

Quote

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”

For shareholders like McLain, investing in Truth Social is less a business calculation than a statement of faith in the former president and the business traded under his initials, DJT.

Even the company’s plunging stock price — and the chance their investments could get mostly wiped out — doesn’t seem to have shaken that faith. The company has lost $3.5 billion in value since its public debut last month.

 

Quote

As a business, Trump Media has largely underwhelmed: The company lost $58 million last year on $4 million in revenue, less than the average Chick-fil-A franchise, even as it paid out millions in executive salaries, bonuses and stock.

And in two years, Truth Social has attracted a tiny fraction of the traffic other platforms see, according to estimates from the analytics firm Similarweb — one of the only ways to measure its performance, given that the company says it “does not currently, and may never, collect, monitor or report certain key operating metrics used by companies in similar industries.”

But for some Trump investors, the stock is a badge of honor — a way to show their devotion beyond buying Trump merchandise, visiting Trump golf courses or donating to Trump’s presidential campaign.

 

Spoiler

Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on Sunday that the company had added over 200,000 new ones in the past couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump where the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that this week’s losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” — fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

 

  • Haha 3
Posted
11 minutes ago, Francisco 2.0 said:

https://www.washingtonpost.com/technology/2024/04/14/truth-social-investors-faith-trump/

 

 

 

 

  Reveal hidden contents

Trump Media spokeswoman Shannon Devine said in a statement that “Truth Social has created a free-speech beachhead against Big Tech for a fraction of the start-up and operating costs that the legacy tech corporations incurred, while having no debt, more than $200 million in the bank, and the support of hundreds of thousands of retail investors who fervently believe in our mission.”

Trump Media has boasted that it has benefited from a flood of “retail investors” — small-time and amateur shareholders betting their personal cash. Its merger partner, Digital World Acquisition, said its shares were bought by nearly 400,000 retail investors, and Trump Media’s chief executive, Devin Nunes, told Fox News anchor Maria Bartiromo on Sunday that the company had added over 200,000 new ones in the past couple of weeks.

“There’s not another company out there that has retail investors like this,” said Nunes, who this year will receive a $1 million salary, a $600,000 retention bonus and a stock package currently worth $3.7 million.

In an interview last month with conservative commentator Sean Hannity, the former Republican congressman recounted a recent discussion with Trump where the men celebrated having “opened up the internet and kept it open for the American people.”

“I’ll never forget the conversation we had,” Nunes said. “He said, ‘You know, once we’re all dead and gone, this will last forever.’”

Many of Truth Social’s investors say they’re in it for the long haul. Todd Schlanger, an interior designer at a furniture store in West Palm Beach who said Trump had been one of his customers, said he’s invested about $20,000 in total and is buying new shares every week.

Schlanger said he now watches his stock performance every day hoping for positive signs. In a Truth Social post last week, he encouraged “everyone who supports Donald Trump and Truth [Social to] buy a share everyday” and asked, “Do you think we have hit bottom?” (The stock slid nearly 10 percent after that post.)

He suspects the recent drops in share price have been the result of “stock manipulation” from an “organized effort” to make the company look bad. There’s no proof of such a campaign, but Schlanger is convinced. “It’s got to be political,” he said, from all the “liberals that are trying to knock it down.”

That range of emotions is on full display on Truth Social, where thousands of mostly anonymous accounts have flocked to meme-filled investor groups, one of which is emblazoned with a computer-generated image showing Trump pumping his fist on a Wall Street trading floor.

Some accounts there have recently encouraged traders to keep investing in a fight they said was about “good vs evil” — a way to defend Trump from the liberal elites laughing at him and, by extension, them. The user @BaldylocksUSMC said “the fight has been long and hard on most of us” and that “this stock is not for the weak,” but that one day they would triumph over critics who were “brainwashed beyond repair.”

After the billionaire media mogul Barry Diller called Trump Media a “scam” stock bought by “dopes,” one account, @Handbag72, claimed to have bought more shares, arguing Diller didn’t “get it” or was “at risk of [losing] $$$$.” The next day, the account shared a 2021 blog post from the investing forum Seeking Alpha saying Truth Social could be worth $1 trillion in the next 10 years.

But there are also flickers of uncertainty and disenchantment, with some saying they faced thousands of dollars in losses or had “risked [literally] everything.” One user who had posted “Tired of WINNING yet?” earlier this year when the stock spiked posted that this week’s losses were “painful to stomach.”

“Come on DJT, every time I buy more, the price drops more,” the user @bill7718 wrote. “When will it be the BOTTOM!!” (He posted a chart Thursday showing the stock rising slightly alongside the caption, “moving!!” The price has since gone back down.)

The user @manofpeace123, who said they bought shares at $65 and that 71 percent of their portfolio was DJT stock, said on Wednesday that investing was a way of telling Trump, “I believe in you and I stand with you through good times and bad.” But a day later, the user added: “can’t help but feel sad. … feel like I’m trying to catch a falling knife.”

Another account, @realJaneBLONDE, posted on Sunday that she was “NOT panicked NOT worried” before, two days later, posting a message to Trump and congressional Republicans urging them to make it “illegal” to bet against or short-sell stocks.

“Sick of MY investment money being stolen!!” she wrote. “They’re stealing peoples money and you’re allowing it!!”

Some users said they were “baffled” by the stock’s ups and downs, and one asked for advice on how to tell her husband she didn’t want to sell. One user posted a meme image saying, “If you’re worried about your Money, Remember This, DJT stock is about FREE SPEECH & Without FREE SPEECH Money won’t mean much.”

But other users saw such questions as displays of unacceptable doubt. When the user @seneca1950 asked whether anyone was concerned that the company’s upcoming plans to issue tens of millions more shares would sink the stock price, two accounts criticized the account for spreading “FUD” — fear, uncertainty and doubt.

“Are you a Fudster,” wrote a user named “Jesus Revolution 2024.” Wrote another, called Rabristol: “You must be short with no way out!”

In moments of apparent despair, some users work to lift one another up by arguing that they are enduring the same kinds of “deep state” attacks that had long shadowed Trump himself. When user @BingBlangBlaow said they were embarrassed to be so “deep in the red” and questioned why “everyone [was] acting like everything is fine,” Chad Nedohin, a Canadian investor and prominent cheerleader of the stock on Truth Social and the video site Rumble, responded, “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump … and us.”

The user, however, posted afterward that the argument left him unconvinced. “I’m tired of blaming the deep state,” he said. Later, he added, “You would think that the ‘biggest political movement of all time’ would want to support the man leading it and get much better numbers than” this. (The accounts did not respond to messages and offered no way to contact them.)

Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive.

“If I lose it, fine. If I make a profit, wonderful. But at the end of the day, I wanted to show my support,” she said. “There’s such an effort to destroy him and strip his wealth away, and so much glee about it. I would like to see him be a winner.”

She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.” As for Truth Social itself, she said she posts there only sparingly and prefers X, where she has 35 times as many followers. “I have always wanted not to just preach to the choir,” she said.

McLain, the tree service owner in Oklahoma, said he believes the stock could “go to $1,000 a share, easy,” once the media stops writing so negatively about it and the company works through its growing pains. The company’s leaders, he said, are being “too silent right now” amid questions about the falling share price, but he suspects it’s because they’re working on something amazing and new.

McLain is an amateur trader — he invested only once before and “lost [his] butt” — and said he hasn’t talked to his family about his investment, saying, “You know how that is.” But he believes the Trump Media deal is a sign he is “supposed to invest,” he said.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

 

I hope that moron loses everything and has to rely on government assistance to survive his retirement. I hear your 70s is the best time to have your entire life savings wiped out 

  • Like 1
Posted (edited)
2 hours ago, Francisco 2.0 said:

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said.

Oh, he has plans.  And they don't involve you, Jerry.  He doesn't give a damn about you.  But keep working hard (not like you have a choice at this point).  He'll need more money from you soon.

Edited by dcbc


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