(03-26-2024 12:27 PM)TIGERCITY Wrote:  

(03-26-2024 10:03 AM)rath v2.0 Wrote:  

(03-26-2024 09:46 AM)TIGERCITY Wrote:  Unless Trump can sell or borrow against any of that paper gain soon (and I understand he can't) I would be surprised if he ever sees that money. The stock was hyped and a lot of people over at reddit's WallStreetbets are pumping the stock as I type. It's my understanding that the underlying value of the stock is about $2.

Oh yeah. Woe to be him. He's made $5.7 billion this past week all thanks to the Left.

He's going to make more this week than he has in decades.

Did Trump sale the stock and realize that gain? Until he does he hasn't made any money.

Pretty sure he didnt. He also didnt sail the stock. Whether or not he sells it is another story.

Well if you can't sell or borrow against the stock for 6 months he certainly hasn't made the money people are claiming. In fact this looks like a meme stock .... where a bunch of people jump in and then just as quickly jump out. I believe truth social lost 40 million, had only about 4 million in revenue, has been rapidly losing users, and is based on the "personality", so to speak, of one person who's 80 years old. We'll see in 6 months where the value of this stock is.... When Trump is able to cash out (unless he gets the board to change the rules..... And of course that would invite the SEC to come in and investigate self-dealing.)

(03-26-2024 09:51 AM)BartlettTigerFan Wrote:  

(03-26-2024 09:46 AM)TIGERCITY Wrote:  Unless Trump can sell or borrow against any of that paper gain soon (and I understand he can't) I would be surprised if he ever sees that money. The stock was hyped and a lot of people over at reddit's WallStreetbets are pumping the stock as I type. It's my understanding that the underlying value of the stock is about $2.

From one billionaire to another, right?

lol you people are such clowns.

Actually I wouldn't be surprised if this stock gets pumped by foreign actors with billions to blow ... like the Saudis. A way to siphon huge amounts of money to the candidate of their choice.

I'm surprised you even know what stocks are.

The board's going to have to change the rules to allow trumpy to cash out. He has friendly board members, including Donald Jr, so this is not going to look like an arms length transaction. Does he need an SEC investigation tossed in with all his other legal troubles? But if he doesn't do it (or rather if the board doesn't do it ;-) ) he's not likely to see much of today's gain.

https://www.dailymail.co.uk/news/article...hares.html

Reeeeeeeeeeeeeeee!!

(03-26-2024 12:57 PM)TIGERCITY Wrote:  The board's going to have to change the rules to allow trumpy to cash out. He has friendly board members, including Donald Jr, so this is not going to look like an arms length transaction. Does he need an SEC investigation tossed in with all his other legal troubles? But if he doesn't do it (or rather if the board doesn't do it ;-) ) he's not likely to see much of today's gain.

https://www.dailymail.co.uk/news/article...hares.html

Stop. Just stop.

I'm continually embarrassed for liberals.

(03-26-2024 12:49 PM)TIGERCITY Wrote:  

(03-26-2024 09:51 AM)BartlettTigerFan Wrote:  

(03-26-2024 09:46 AM)TIGERCITY Wrote:  Unless Trump can sell or borrow against any of that paper gain soon (and I understand he can't) I would be surprised if he ever sees that money. The stock was hyped and a lot of people over at reddit's WallStreetbets are pumping the stock as I type. It's my understanding that the underlying value of the stock is about $2.

From one billionaire to another, right?

lol you people are such clowns.

Actually I wouldn't be surprised if this stock gets pumped by foreign actors with billions to blow ... like the Saudis. A way to siphon huge amounts of money to the candidate of their choice.

dayum, chiTTTy chiTTTy bang bang ... that's a fair hypothetical ... attaboy!

Just a few days ago Biden was mocking him as ‘Broke Don’ at a fundraiser; as the goal was to drive him into being broke instead on focusing on the important issues facing this country……but

(03-26-2024 01:19 PM)BigTigerMike Wrote:  Just a few days ago Biden was mocking him as ‘Broke Don’ at a fundraiser; as the goal was to drive him into being broke instead on focusing on the important issues facing this country……but

ok, so I hadnt realized that Trump screwed over the NYSE and went with the Nasdaq because of how he's being treated in NY. Thats gotta sting.

(03-26-2024 12:57 PM)TIGERCITY Wrote:  The board's going to have to change the rules to allow trumpy to cash out. He has friendly board members, including Donald Jr, so this is not going to look like an arms length transaction. Does he need an SEC investigation tossed in with all his other legal troubles? But if he doesn't do it (or rather if the board doesn't do it ;-) ) he's not likely to see much of today's gain.

https://www.dailymail.co.uk/news/article...hares.html

lockup period lasts 6 months ...
but why sell ...
share price would tank ...
he claims to have half billion cash on hand ...
only handful of states in doubt ...
and has a chance to be the next mark zuckerbucks ...

MEDIA MOGUL

(03-26-2024 01:19 PM)BigTigerMike Wrote:  Just a few days ago Biden was mocking him as ‘Broke Don’ at a fundraiser; as the goal was to drive him into being broke instead on focusing on the important issues facing this country……but

Liberal 72 Hour Rule never fails to prove its worth.

(03-26-2024 01:40 PM)green Wrote:  

(03-26-2024 12:57 PM)TIGERCITY Wrote:  The board's going to have to change the rules to allow trumpy to cash out. He has friendly board members, including Donald Jr, so this is not going to look like an arms length transaction. Does he need an SEC investigation tossed in with all his other legal troubles? But if he doesn't do it (or rather if the board doesn't do it ;-) ) he's not likely to see much of today's gain.

https://www.dailymail.co.uk/news/article...hares.html

lockup period lasts 6 months ...
but why sell ...
share price would tank ...
he claims to have half billion cash on hand ...
only handful of states in doubt ...
and has a chance to be the next mark zuckerbucks ...

MEDIA MOGUL

Yeah you don't have the institutional investors buying this stuff because they look at fundamentals. So what's left after the dust settles are the mega true believers, probably some day traders, and maybe some foreign countries that want to see Trump re-elected. And the next question of course is really repeated above. How is Trump going to get this money and stay out of trouble at the same time. The board members are all his buddies. And if you try to dump 60% of the stock to reap your rewards you going to see a bunch of lawsuits from everybody else. I'm sure this dilemma chaps Trump's fat ass.

You are hitting Tom Territory on this.

(03-26-2024 09:46 AM)TIGERCITY Wrote:  Unless Trump can sell or borrow against any of that paper gain soon (and I understand he can't) I would be surprised if he ever sees that money. The stock was hyped and a lot of people over at reddit's WallStreetbets are pumping the stock as I type. It's my understanding that the underlying value of the stock is about $2.

ie, just like every other social media or internet billion dollar company in the country.

I'm a finance professor. I covered IPOs today in class, so I actually did a valuation of DJT for my students (without looking at it first).

According to their audited financials that it filed with the SEC, the company had $3.3 million in revenue in the first 9 months of 2023, and expenses of $13 million.

I'm not sure how that translates to a value of $9 billion (with a b).

In any normal time, you'd be lucky to get $9 million (with an m) for a company with those financials. But right now the market is betting that he'll win the presidency and the firm's revenues will skyrocket. The polling will never look better for him than it is right now, so this is actually some brilliant timing by Trump.

(03-26-2024 12:27 PM)TIGERCITY Wrote:  Did Trump sale the stock and realize that gain? Until he does he hasn't made any money.

Isn't the Left pushing a "net worth" (wealth) tax on tax billionaires (who show no "income")?
So it he net worth (wealth) it or not?


Disclaimer: I believe that's his paper net worth but none of it is realized; I believe you can only tax the real (realized) monies.

(03-26-2024 02:32 PM)Captain Bearcat Wrote:  I'm a finance professor. I covered IPOs today in class, so I actually did a valuation of DJT for my students (without looking at it first).

According to their audited financials that it filed with the SEC, the company had $3.3 million in revenue in the first 9 months of 2023, and expenses of $13 million.

I'm not sure how that translates to a value of $9 billion (with a b).

In any normal time, you'd be lucky to get $9 million (with an m) for a company with those financials. But right now the market is betting that he'll win the presidency and the firm's revenues will skyrocket. The polling will never look better for him than it is right now, so this is actually some brilliant timing by Trump.

Admit it, he had a lot of help from LaQuinta and Enron ... wait, what's that ... oh, sorry ... Latitia and Engoron.

Apple trades for $170 a share. Its book value is $35. Is Apple a scam? Would you own the stock?

Seems some people haven’t figured out that the stock market is really just FanDuel on steroids. You have safe bets (value stocks/dividend based portfolios) and you have prop bets that are pure risk (about 30% of all stocks). DJT is definitely in that category, but no more or less than many tech stocks.

BTW, as of today Truth Social is the #9 ranked social media app in the Apple Store, so it’s not like it’s not being downloaded.

(03-26-2024 07:03 PM)banker Wrote:  Apple trades for $170 a share. Its book value is $35. Is Apple a scam? Would you own the stock?

Seems some people haven’t figured out that the stock market is really just FanDuel on steroids. You have safe bets (value stocks/dividend based portfolios) and you have prop bets that are pure risk (about 30% of all stocks). DJT is definitely in that category, but no more or less than many tech stocks.

BTW, as of today Truth Social is the #9 ranked social media app in the Apple Store, so it’s not like it’s not being downloaded.

it would require a book to respond to such (if in earnest)...

disclaimer: posted AAPL and AMZN were must longs in '19/'20 due to muh branch covidians ... I wouldn't short either (yet)

again, I'm out other than a handful of shorts .... looking for the kill shot by year end...