A week ago DJT, the stock of the company of Mr Trump, was selling for $40 a share. Give or take. How about now?
Bad news for share owners:
That’s a 25% drop in a week. I’ve also chosen to show the monthly chart, rather than the usual daily chart. This view illustrates the frantic lifting of DJT to the heights, and the equally catastrophic fall. While unrealized losses aren’t really losses unless the company actually goes under, I think there’s a lot of Trump supporters who are crying into their beer on this fall, and I doubt it’ll recover. Mr Trump may be one of them, as I’m not seeing any news items saying he sold out. One site claims his net worth declined $1.3 billion. My oh my.
Again, I could be wrong, but as an old colleague, Stu, once said concerning the stock of Silicon Graphics, That was a dead cat bounce. The stock may go up, but that doesn’t mean much.
And I will not be trying to take advantage of DJT. I do not expect this company to survive, but dying companies can rip the avaricious investor into little pieces.
