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Trump Media stock suddenly goes negative

Posted on 11/5/24 at 1:59 pm
Posted by Swazla
Member since Jul 2016
1802 posts
Posted on 11/5/24 at 1:59 pm
Just saw this on Fox Business television after recent strong performances.

No Link.

Outlook for election>
Posted by udtiger
Over your left shoulder
Member since Nov 2006
112802 posts
Posted on 11/5/24 at 2:00 pm to
well, if he's elected president, he'd likely have to divest his stock, which would push the price down.
Posted by RidiculousHype
The Hatch
Member since Sep 2007
10753 posts
Posted on 11/5/24 at 2:02 pm to
It's become a daytraders' favorite, has nothing to do w/ Trump election prospects
Posted by Proximo
Member since Aug 2011
22137 posts
Posted on 11/5/24 at 2:02 pm to
Everything dropped not just DJT

Including bitcoin
This post was edited on 11/5/24 at 2:03 pm
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 2:02 pm to
quote:

Trump Media stock suddenly goes negative

It had been in the up to ~38-40 range for hours, but all of suddenly just dropped to ~32 in a 10min window. Super odd indeed as no info has come out.
Posted by TakingStock
Member since Jun 2009
7355 posts
Posted on 11/5/24 at 2:03 pm to
Just went positive
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 2:05 pm to
quote:

It's become a daytraders' favorite, has nothing to do w/ Trump election prospects

True, but it hasn't been moving that crazy since last week when it tanked. This was an instant less than 10min dump.
It's back barely in the green right now though.
Posted by Warboo
Enterprise Alabama
Member since Sep 2018
5660 posts
Posted on 11/5/24 at 2:05 pm to
quote:

Everything dropped not just DJT

Including bitcoin


People are just shorting the gains.
Posted by LSURussian
Member since Feb 2005
133692 posts
Posted on 11/5/24 at 2:09 pm to
And now DJT is UP +2.8%.
Posted by Vastmind
B Ara
Member since Sep 2013
5322 posts
Posted on 11/5/24 at 2:11 pm to
quote:

Including bitcoin


Bitcoin is up 2.5% today
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 2:11 pm to
quote:

Just went positive


Yeah now it's up 3.50% from yesterday's close. Up from -4.5% less than 30mins ago. This stick has been fun to watch/trade the last few weeks.

But today's dump came out of no where.
Posted by jizzle6609
Houston
Member since Jul 2009
17876 posts
Posted on 11/5/24 at 2:12 pm to
Smart man, sell when its high.

Dont be holding the bags bros
Posted by FreddieMac
Baton Rouge
Member since Jun 2010
24839 posts
Posted on 11/5/24 at 2:13 pm to
DJT is up 133% YTD and is up 1.92% today. Not sure where you got your information.
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 2:16 pm to
quote:

DJT is up 133% YTD and is up 1.92% today. Not sure where you got your information.

He's just talking about a 10-15 min drop that happened like 30 mins ago.

It may be up a little today when you looked but before that it was up 15%+ pretty much all day.
Posted by bbvdd
Memphis, TN
Member since Jun 2009
28187 posts
Posted on 11/5/24 at 2:16 pm to
at current trading level Trump owns just over 4.1B in DJT.

114,750,000 shares.
This post was edited on 11/5/24 at 2:18 pm
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 4:21 pm to
So DJT closed down 1.16%. Was down ~3.5% in the afterhours for the last hour but it has been going up a slowish pace the last 15 mins or so. Now up 1.83%

Closed @ 34.34

I figured this is an interesting aftermarket to watch as results come in.
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 11/5/24 at 5:20 pm to
Up 5.5% right now I'm the aftermarket. Was up in the 6.5% range. So derms to be floating in that 1pt range right now.
Posted by Bbobalou
HOGTOWN
Member since Oct 2012
5506 posts
Posted on 11/5/24 at 5:23 pm to
Mines still up from what I bought in at. Not by much but it’s still positive.
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
13193 posts
Posted on 11/5/24 at 5:23 pm to
Made tremendous money on shorting it today and have the wave site up on the map in the money forum.

It's how this goes.

The volume was over 155.6 m. which enables this type of trading.

10-day average 81.5 m
This post was edited on 11/5/24 at 5:28 pm
Posted by Naked Bootleg
Premium Plus® Member
Member since Jul 2021
3308 posts
Posted on 11/5/24 at 5:26 pm to
quote:

Dont be holding the bags bros


1000%

DJT is like BITX. Just take the safe profit and live to fight another day
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