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re: DJT anybody riding the wave?

Posted on 10/14/24 at 8:52 am to
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
87662 posts
Posted on 10/14/24 at 8:52 am to
quote:

Why would I be bitter?


Your TDS
Posted by SmackoverHawg
Member since Oct 2011
28987 posts
Posted on 10/14/24 at 8:53 am to
Choo! Choo!
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47329 posts
Posted on 10/14/24 at 8:57 am to
quote:

Your TDS


Had to Google this one... Lol

Nah man, you should know I am just highly against obvious pump in dump schemes. People promoting this crap are just here pumping their bags. No different than the penny stocks, meme stocks, and crypto garbage threads we see over time.

If you look closely they are all the same scam and the same people get suckered every time.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16110 posts
Posted on 10/14/24 at 1:34 pm to
Posted by slackster
Houston
Member since Mar 2009
89806 posts
Posted on 10/14/24 at 3:58 pm to
You can make money in DJT but I would suggest you look at it like the gamble it is instead of an investment. Nothing about the stock price and valuation is based in any sort of reality. It is currently trading around $6B valuation with $4mm in revenue in the last 12m. Even if you strip out the cash it’s trading at 1400x revenue.

It’s basically $6B for $340 million in cash and some ideas.

The company can absolutely grow and become a viable business but the stock price is ludicrous. You can obviously make money on it as a trade, but anyone involved should be very careful about the long term investment case.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47329 posts
Posted on 10/14/24 at 4:07 pm to
quote:

company can absolutely grow and become a viable business


I know you are playing the middle ground here slackster.

But the chance this actually grows into a legitimate business has a lower chance than GME's transformation into a viable NFT company.

Hint gme did not pivot and already shut down the worthless NFT marketplace
This post was edited on 10/14/24 at 4:08 pm
Posted by slackster
Houston
Member since Mar 2009
89806 posts
Posted on 10/14/24 at 4:10 pm to
quote:

know you are playing the middle ground here slackster. But the chance this actually grows into a legitimate business has a lower chance than GME's transformation into a viable NFT company.


Not really in this case. They have a lot of cash and Trump’s name, so a business can be built around that, but I think it’s absurd that it’s “worth” $6B.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47329 posts
Posted on 10/14/24 at 4:26 pm to
quote:

They have a lot of cash and Trump’s name, so a business can be built around that,


Their current business plan is pretty absurd. Looks like a straight money grab.

Truth social platform with basically zero users needs to be transformed so that it can actually attract users and advertisers
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38646 posts
Posted on 10/14/24 at 4:37 pm to
You also have to factor in the fact that Donald Trump will probably be dead sometime in the next 10 or so years.

They have his name, but the guy everyone is rallying behind doesn’t exactly have that much time left.
Posted by LSUFanHouston
NOLA
Member since Jul 2009
39228 posts
Posted on 10/14/24 at 4:40 pm to
I got in at 23.77. Not sure how much longer I will hold. There's a part of me that thinks if he loses, people will still flock to the platforms because of the name... but... will they pay for that?
Posted by BarberitosDawg
Lee County Florida across causeway
Member since Oct 2013
12072 posts
Posted on 10/14/24 at 5:09 pm to
Pretty good day from the opening. Making some coin at closing.
Posted by Tasseo
Member since Feb 2024
3252 posts
Posted on 10/14/24 at 5:59 pm to
Definitely a good 18% day for people like you and the other who are in the 14 range. I decided to get in today. Kind of late though in the low 27 range. Not going to say they'll be another 10%+ day unless they are holding out on another solid announcement. My conservative assessment is avg $1 increase per day for the next 10 or so days. So up near 40. Maybe a run away day or 2 in there somewhere is what I can hope for.

If I felt confident Trump will win, yes I believe Dems can get tricky, then I'd hold on to it past the election for that bump. We'll see. Under Trump this company has potential. Under Harris it can get that payback ire, so can get rocky. Though at 14 you are in a better spot than me.

Don't know your initial intent short or long, but I agree it's a bit of a gamble. But I'm using money out of my short term stock gamble pool, so that's the approach I'm taking here. Who knows how it'll end up, may get my shorts eaten, but a learning experience.

Not normal having a company to invest in that is owned by a presidental candidate so an interesting time to experience so throwing my hat in the ring.
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16110 posts
Posted on 10/14/24 at 9:03 pm to
Plan to pull enough out after the election win bump to recoup a good part of my initial investment and if I lose the rest from there, I’ll be fine with it.

Business plan is not just Truth Social, that was the first piece to address all of the censoring on Twitter before Elon came on the scene to help address that.

TMTG+ is already hosting news channels such as Newsmax and OAN that the woke cable companies won’t touch, and will be adding movies and other non-woke entertainment content to compete with Netflix and Amazon Prime. People are sick of all the woke shows and will pay to subscribe to good content once it comes out.

MSM is dying due to their worshipping at the CIA Mockingbird controlled narrative altar. Nobody watches it any more. Even Fox News has turned traitor and other than Gutfeld, conservatives have shunned it en masse. TMTG News will provide another non-biased and/or slightly right leaning alternative news channels that comes much closer to real journalism. There is a big appetite for that.

Acquisitions of distressed media companies with ratings in the tank, will jump start TMTG News.

If they can lure big podcast hosts like Tucker, Rogan, etc… to TMTG+ that will a huge draw.

They have built out their own internal data centers and content delivery network, to prevent any third party web services company from pulling the rug like AWS did to Parler in 2021. Basically they have replicated a good portion of what Amazon Web Services infrastructure consists of, and eventually may offer cancel free cloud services to companies / clients that want to protect themselves from a woke / biased provider.

Could become a huge Dynasty company if the vision is executed well. There is a huge demand for non-woke entertainment, unbiased news, and uncensored social media. Trump will be President during a revolutionary / transformational period for our country over the the next 4 years with amazing things occurring and all breaking first on the TMTG platforms.


Amazing opportunity IMO, but hey keep mocking it / scoffing at it. I don’t give a frick who takes advantage and who sits on the sideline casting stones.

I’m sure WalMart and Amazon had a bunch of critics as well when they were just starting out and building up.
This post was edited on 10/14/24 at 9:12 pm
Posted by slackster
Houston
Member since Mar 2009
89806 posts
Posted on 10/14/24 at 9:15 pm to
quote:

Amazing opportunity IMO, but hey keep mocking it / scoffing at it. I don’t give a frick who takes advantage and who sits on the sideline casting stones.

I’m sure WalMart and Amazon had a bunch of critics as well when they were just starting out and building up.


You seem to care a lot actually.

Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16110 posts
Posted on 10/14/24 at 9:23 pm to
I care a lot about preserving the 1st amendment and freedom and avoiding tyranny and communism. Enough to put all of my non-essential financial capital behind fighting for it. The plan doesn’t include kinetic action apparently, so it’s one of the few ways we can fight back.

Don’t care if a few don’t get it and miss out on a potential payday as it all goes down. Everyone needs to make their own independent financial decisions.

There are plenty of patriots who do and have also figured it out and will benefit if it works out. Money enables power, if the vision is realized it will be nice to have more true patriots of means to counter-balance the insider marxist scumbags who made their payday bleeding the country dry.
This post was edited on 10/14/24 at 9:29 pm
Posted by slackster
Houston
Member since Mar 2009
89806 posts
Posted on 10/14/24 at 9:25 pm to
quote:

There are plenty of patriots who do and have also figured it out and will benefit. Money enables power, if the vision is realized it will be nice to have more true patriots of means to counter-balance the insider marxist scumbags who made their payday bleeding the country dry.


Oh you’re a hook line and sinker kind of fan.

Good luck man.
This post was edited on 10/14/24 at 9:26 pm
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16110 posts
Posted on 10/14/24 at 9:47 pm to
Thanks. And yes, I definitely am all in on Trump & MAGA as much due to where the other side is trying to lead us as anything else.

My personal profit or loss aside, I hope I’m right for the sake of the future of our country. We need to shake off the controls of the fake news and brain-washing Hollywood that controls the narrative of our entire political system, blinds the people and leads them around like sheep toward our own destruction.

Apparently Elon Musk agrees with me even though he is a direct competitor business wise, so I consider myself in good company.

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This post was edited on 10/14/24 at 9:50 pm
Posted by Big Scrub TX
Member since Dec 2013
37005 posts
Posted on 10/14/24 at 9:51 pm to
quote:

I care a lot about preserving the 1st amendment and freedom and avoiding tyranny and communism. Enough to put all of my non-essential financial capital behind fighting for it. The plan doesn’t include kinetic action apparently, so it’s one of the few ways we can fight back.
It's not like you're participating in an equity raise - you're buying a stock. You buying it has literally zero impact on "preserving the 1st amendment and freedom and avoiding tyranny and communism".
Posted by Kjnstkmn
Vermilion Parish
Member since Aug 2020
16110 posts
Posted on 10/15/24 at 9:05 am to
They’re using the proceeds from the stock sales to build out the company and build out its non-censorship, cancel free platforms. Where do you think the $400 million in cash came from?

Not sure what fine point you’re trying to make, but stockholders are definitely supporting the company as it builds out its new functionality which inherently is supporting the 1st amendment vs other platforms that are controlled by ex-CIA employees re Facebook jail, cable networks pulling news channels that arent controlled like OAN etc…


This post was edited on 10/15/24 at 9:08 am
Posted by JohnnyKilroy
Cajun Navy Vice Admiral
Member since Oct 2012
38646 posts
Posted on 10/15/24 at 9:09 am to
quote:

They’re using the proceeds from the stock sales to build out the company and build out its non-censorship, cancel free platforms. Where do you think the $400 million in cash came from?




You got IPO shares?
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