In this thread on the company represented by stock symbol DJT, my last look showed a company on its way off the cliff, but now it’s a company that’s been rescued – by the invisible hand of someone. Last time I discussed this, DJT’s price/sh was around $14. That was around September 20. Now?
Just short of a double. A reward for the inveterate risk taker and for those willing to bet on the invisible hand of President Putin and others in his league, looking to buy Mr Trump’s favor, should he win the Presidential race, by pumping up the price of something Mr Trump owns, and lots of: DJT stock.
Over on Daily Kos, tjlord wonders if he does still own it:
While no one was watching almost 90 million shares of DJT changed hands today [October 15th]. That would be almost 80% of DonOld’s entire holdings. So much that the exchange stopped trading in the stock for a short period due to the abnormal trading volume.
The last week has seen the DJT stock price rise over 50%. The trading volume also went from around 15 — 20 million shares a day to more like 30 — 45 million a day.
That is congruent with stock manipulation by one party, reinforced by other parties buying on the rising price as a signal of good news.
What news?
Mr Trump’s cryptocurrency venture is close to coming online.
But does that justify a doubling of price?
Not really. Today, well, October 15th, in fact, it lost roughly 10%. If I see it come crashing back down then I’ll assume the run-up was artificial.
To be clear, I have no intention of ever trying to take advantage of DJT, long or short, puts or calls, cries to Satan or thanks to God. It’s simply instructive to watch, in what amounts to a post-Roman Senate world of corruption and self-interest.
It’s worth noting that cryptocurrency folks working to make cryptocurrency acceptable might want to start shuddering in fear. Everything Mr Trump touches turns to waste because of his incessant greed. If a number of folks lose money on this venture, it may leave the cryptocurrency industry in flames.
