Well, I speculated it’d be an up and down ride for DJT, but it’s been mostly down:
I suspect the professional and/or habitual investors are well aware of the political component of DJT’s probability of success, and, assessing Mr Trump’s likelihood of political success in November, have chosen not to invest in this stock. That leaves those interested in manipulation, such as President Putin, and the MAGA base, most of whom are first-time investors. The latter, at least, do not have the financial muscle to keep DJT’s value elevated.
My own assessment is that the proper value of DJT is as a penny stock, which I take to mean being less than $1/share at this time. Reverse splits change this, of course, but I suspect DJT is actually in danger of going bankrupt at any time.
But I also wouldn’t short this. The political component makes it far too dangerous, given how shorting works.
