Just two weeks ago I covered DJT’s 20% decline in price, or equivalently, if I may speak a bit roughly, the 20% decline in Trump Media & Technology Group Corp.‘s value. Since then, DJT’s been leading the market downward, a sloppy metaphor since Trump Media & Technology Group Corp is not a leader in its service industry or any other aspect of the worldwide, or even nationwide, economy.
Yes, if you’re doing the numbers that’s another 20% slide in two weeks.
Assessing the motivations of millions of investors is an enormous exercise in chutzpah, and I do not blame the reader who takes the advice of a license professional and moved on from DJT. I would, too.
I take the suggestion that investors are voting on the future of the Trump Administration to be intellectually weak and an instance of confirmation bias. That said, given the decision of one of Trump’s historically strongest supporters to abandon the President, a President who, at times, seems completely at a loss as to national and world events, and a number of other negative developments, the plunge of DJT’s price may be connected to investors assessing the likelihood of Truth Social continuing in the long run, as well as other ventures, including cryptocurrency.
And I will be the last to suggest those who hold on through thick and thin will get a reward. A poorly run corporation with poor prospects usually ends up in the bankruptcy bin, and that’s my assessment of Trump Media & Technology Group Corp.
But don’t take my judgment. I’m not a licensed financial advisor, I’m just a casual investor with nearly 40 years of experience.
Look around for other opinions.
