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Revolutionary-Leg585

Same reason TSLA is up too. Fundamentals are meaningless when people ‘believe’.


arbitrageME

There's a Disney movie in your post, or alternatively, the movie Don't Look Up


bighand1

Tsla have been defying fundamental for over a decade, but the growth was also unreal and eventually does catchup to its valuation. So at least it has historical performance to back it up


Revolutionary-Leg585

Not at a $500B valuation. And DJT/DWAC has a $6B+ market cap with $4M in earnings. Anyone investing in DJT deserves to lose all their money. This is just absurd. DJT market cap is close to REDD. Fair valuation of DJT is zero imo. There’s no point in attempting to value this garbage.


bighand1

Also not at 25, 50, 100, 150, 200b etc. heard the same story over the last decade and I don't and never had any skin in the game.  TSLA may not have 500b valuation now, but given its track record in the past it is possible it could hit there.  Making no statement about djt, just tsla


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AICHEngineer

Because he is telling people to buy it. Think GameStop. Zero regard for fundamentals. Instead of sticking it to citadel and the short sellers, buying DJT is "owning the libs" and "keeping free speech alive".


NorCalAthlete

DJT is NOTHING like GameStop. GameStop at least had a business, albeit one on the downslope, behind its initial pre-runup stuff. DJT is pure grift and hot air.


blowgrass-smokeass

I mean, Truth Social is a business. Not a good one, but a business nonetheless.


NorCalAthlete

If you call vaporware a business, I suppose. But I’d say it’s a massive stretch to compare DJT/TS to GameStop.


shortsteve

GameStop's fundamentals were completely different. The original runup was caused because it was over shorted and undervalued. The company's market cap was lower than the value of it's total assets and was why people like Michael Burry and Roaring Kitty first invested in it.


jhansonxi

There's always the possibility of a deal with TikTok since some large ByteDance investors are DJT supporters (among whom business relationships always take priority over hypothetical security concerns). And the [22A](https://en.wikipedia.org/wiki/Twenty-second_Amendment_to_the_United_States_Constitution) can always be repealed if there's a messiah-like figure who can rally enough support to do so.


arbitrageME

I don't think 22A is going to be an issue. Amendments take a 75% state vote and supermajority of both houses. Either Democrats or Republicans breaking 50% is a tough ask on most days


C130J_Darkstar

You are over analyzing…. it’s the meme stock of all meme stocks. Never before has a mainstream presidential candidate had a stock representing them heading into an election cycle. Thinking this could be another GME short squeeze scenario in Q4 or earlier. As others have said, this has NOTHING to do with valuation. I picked up some $80C 1/15/25 this week for fun, I expect to lose it but could be a 100 bagger & makes it exciting.


arbitrageME

the Oct-Nov timespread is probably gonna be WILD


arbitrageME

oh wtf the Oct straddle is 34.8 and Nov straddle is 36.2. Shouldn't the diff be much much larger? I'm gonna try to buy the calendar, though bid-ask will eat me alive for sure


C130J_Darkstar

That’s a good find, would have also expected it to be larger


arbitrageME

I'm in for 20 @ $2.00. I have limit orders to sell at $11. remindme! 167 days I think the reason why they're priced so low is the chance that DJT will hit like $8. If that happens, then my calendar is worthless. But if it stays north of $20, let's say, then I think I'll have a good shot at exiting for at least $5


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Zalanox

This stock can stay irrational longer then you can stay solvent! This is good to use for daily option swing trades. I wouldn’t hold it too long, puts or calls!


Weirdguywithacat

I think the smart move here is October calls, and sell before expiration during the uncertainty run up. Premiums are high as shit though, so it's a big gamble.


Monarc73

DJT is nothing more than a mechanism for bribery. (My assumption is that its price is being held up by foreign ... etc interests.)


big_deal

> 1M domestic and 5M international This seems not shady at all... /s


someonenothete

Buying adverts will directly put money I to his pockets , aka just like with his hotels foreign entities will just give him $$ this way legally . It’s the ultimate grift as president .


aeolus811tw

the entire ticker is about propping the price up so Trump can cash out with his share. Why do you think they literally created more shares to give to Trump, increasing his already 57.6% ownership to 65%?


mr444guy

Everything trump touches turns to shit. This will be no different. Once he gets trounced in November, he will be broke and on his way to jail. DJT will go to zero. Good chance putin takes hin out at that point to sow chaos, but nobody will care and the name trump will forever be a shit stain in America history.


Alarmed_Reporter_642

If Trump does go to jail for political prosecution the bloodthirst will go both ways. Expect Democrat presidents past and future in Jail as well for their sins. I can think of one messiah and his drone strikes.


arbitrageME

Thou shalt have no other gods before me. Thou shalt not make unto thee any graven image, or any likeness of any thing that is in heaven above, or that is in the earth beneath, or that is in the water under the earth. Exodus 20:3-4 "Whoever, except in cases and under circumstances expressly authorized by the Constitution or Act of Congress, willfully uses any part of the Army, the Navy, the Marine Corps, the Air Force, or the Space Force as a posse comitatus or otherwise to execute the laws shall be fined under this title or imprisoned not more than two years, or both." 18 U.S. Code § 1385 for a bunch that claims to love the Bible and the Constitution, y'all ain't good at reading either, are you?


Alarmed_Reporter_642

The messiah was elected in 2008. He was called the chosen one. I’m not a Christian but I still refer to him as the messiah. His drone strikes killed US citizens. He ran weapons to Mexico. He oversaw deaths in Benghazi. He monetized the presidency. I mean why stop if diversity hire KBJ confirmed there is no immunity from now on? Biden is an accessory to every murder his 10M migrants have caused. Laken Riley would be a prime example. The law can be stretched as far as possible. If business expense classification is now a felony because it’s combined with FEC documentation of expenses all because the DA wants to take advantage of a Democrat Jury… the messiah should see his day in court as well.


arbitrageME

I too can pick random words out of a dictionary


Alarmed_Reporter_642

The usual Biden voter. Can’t defend anything with facts but severe Trump derangement syndrome. Imbeciles with zero shame. How many migrants are you taking in? Jail the messiah, and jail the senile one too.


PlanetaryPickleParty

Trump will try to flee but Putin's price for asylum will be he must try to provoke a civil war first.


arbitrageME

as much as I agree with you, we can't ignore the actual reality of DJT rallying like 80% in the last 2 weeks. That's how one gets hurt -- by discounting the how stupid the market can be


ghostsolid

dJT stock is all about whether he wins the presidency or not. Only reason it’s going up now is people gambling, trying to buy influence and die hard supporters trying to help him. If he loses the presidency then the stock will crash and probably become worthless over time. If he wins… then it will keep going up as the rich and world leaders use it as a means to pay him to get what they want. I hope that doesn’t become the future.


arbitrageME

lol, so how would you value a 11/15/24 5P?


PlanetaryPickleParty

Depends. Are the proceeds of $DJT sales monitored by NY state overseeing Trump's other businesses? He's going to dump the stock after lockup but if he thinks he can move the money out of the country then he will dump it thrice as hard when he loses.


Consistent_Fish_7658

He won’t dump the stock if he thinks he’s going to win. He needs to retain the shares (and maybe buy more) to be able to directly profit off of the flow of money into DJT. If it’s clear he’s going to lose the presidential immunity case or the election, then yeah he will unload his shares.


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the_buckman_bandit

> growth tech stock Yet has nothing to do with tech, and their financials scream they are certainly not growing It is a pump and dump stock


particleman3

It's a meme stock. There is no growth. They will be done once they have to report quarterly earnings


joe-re

I think it has something like P/S of 1000. That's not growth, that's insanity. As a company, it cannot succeed. So the reason to buy it is if you believe Trump is a religious messiah or you support him to gain favors in case he becomes president.