It’s been a week since my last update on the price of DJT, the public stock of Mr Trump’s social media company, when the price/share was $27.69, and it had just dropped 30% in the wake of his victory in the 2024 Presidential Election. Have investors recovered their enthusiasm for the once and future President?
Hardly. While I’m sure the zealous base are convinced it’ll return to dizzying heights soon enough, and it may, the more experienced amateur and professional investors are staying away, as illustrated in the above one month chart.
I can’t help but wonder if Mr Trump’s choices for important government positions are dismaying for them. While the choice of former Governor Mike Huckabee (R-AR) as ambassador to Israel might be simply a way to get a fellow grifter out of Mr Trump’s hair, such choices as Waltz, Gaetz, Gabbard, Rubio, and others may be big red flags that Mr Trump’s judgment is deeply suspect, if only for how he puts control of the House at risk by satisfying the ambitions of House members. There is more than just that here, but that’ll be revealed in the near future, I’m sure, and I don’t care to speculate here.
All this may tempt the ambitious investor to gamble. Between investors from MAGA-world risking all, the more sober investor risking a nickel, perhaps on the downside, and the unknown maneuvering of world leaders eager to buy the favor of a world power about to replace a strong leader with a weak leader, it’s very hard to say where this stock will go. I certainly think the fundamentals are terrible.
I’ll repeat from earlier posts on this thread: I’m not putting any skin into this game.
