Poetic Justice
Someone really smart once said that the universe bends towards justice. I’m not really sure if the universe bends at all. I’m just a mere cog in the machine of life, so no mysteries have been revealed to me over the years. However, it seems that things in the financial world might be trending that way. I’m certainly not an expert in the stock market or investment game. I let our broker handle our retirement accounts and all of that. However, I can do some simple math and the whole hubabaloo around Truth Social and the parent company that went public just wasn’t mathing as the kids say.
According to reporting, Trump owns 60 percent of the stock and it opened with a 5.1 billion dollar evaluation just for his share. My crack math skills (and fingers on my calculator) tell me that meant that the company opened with an evaluation of around eight billion dollars. It’s been awhile since I taught Economics, so the details might be fuzzy, but it seems to me that eight billion dollars is a lot of money. It seems fantastical that a company that doesn’t really produce anything, is hemorrhaging cash, and losing users left and right would somehow be worth that amount of money. Then again, I thought Elon Musk paid too much for Twitter by a factor of ten.
Apparently, I wasn’t alone in this thought. A stock that opened at 71 dollars a share is now barely over 30 a share in less than two weeks. Now comes the funny part. According to the details of the deal, Trump cannot sell his shares until six months after the company went public. Even then I think there are some rules in place that will make it somewhat challenging. Of course, I am not a corporate lawyer or financial expert, but it seems to me that 30 is less than 71. It also seems that a company that has never actually made money and has nothing really to sell is likely not even worth 30 dollars a share. The stock has been bleeding between five and ten percent value every day it has been traded.
This hammers home two points every red blooded American should understand before stepping into a voting booth. First, the stock market is not a great indicator of the economic health of the nation. For one, most Americans don’t have enough to invest heavily in the stock market. Secondly, there are enough examples of horseshit evaluations like this one to demonstrate that looking to the stock market for any kind of accurate perception of the economy at large is foolish.
The second point is that justice is not swift even in cosmic world of universal justice. Yet, in this case it is almost better. You had to know that when the stock opened up, the orange menace saw the eight billion evaluation and saw dollar signs in his head. He saw all of his financial woes coming to an end. He was finally going to be a big boy billionaire. A stock drop from 71 to 1 would be hilarious, but it is so much better to see it just leak away slowly every day. It allows him to get into the mode of thinking of “if it stays here I can still be a billionaire.” The best news would be for it to reach that mythical worthlessness just one day before he is eligible to sell. That’s cosmic justice. That’s the universe finally bending to whack him on the ass. May it be so.
So, no reason to hawk Bibles, shoes, etc?
1Even better would be a perp walk at the same time.
A girl can dream, can’t she?
2Under some iCrcumstances, he might end up owing income tax at a high valuation even if the stock when he is free to sell it is worthless.
Dream big, Malarkey.
3Republicans want to turn Social Security and Medicare to the private market. How nice to think one’s retirement is being managed by folks like Richard Fuld of Lehman Brothers.
4Any kind of end of Trump would work for me.
5I am of the thought that just putting all negative thoughts under the heading of MAGA, and not so much on Republicans.
Many are cowed by personal attacks, if they dare speak truth.
30% of the population wants to destroy what most of us have been comfortable enough with for the last 50 years. Blame everything on MAGA.
Nick,
I believe it was a couple of other fictional character from the early 20th century who said:
“How did you go bankrupt?”
6“Two ways. Gradually, then suddenly.”
Ernest Hemingway, The Sun Also Rises
There probably are some republicans that aren’t MAGA, but unfortunately for them, the repugnantican party itself is controlled by MAGA. A high high % of repugnantican congress critters are under the control of MAGA which of course we all pay for.
7It’s hard to imagine that the major stock holders of DWAC thought that merging with DJT was going to make them money. They’re even dumber than the MAGA common folk that bought stock after the merger. They’re getting what they deserve.
Man I hope the hush money trial gets going next Monday. Trumpf is going off the deep end over it besides becoming an unbillionaire.
Can one become an unbillionaire? Therefore, I am declaring as unbillionaire or maybe more accurately a thousandaire.
8I bet Putin owns plenty of shares.
9Thanks, more proof that the stock market is one big gamblers wet dream. Just change the name from Investors and Traders to Gamblers and the whole Los Vegas style stock market Casino makes sense. Just think, easily gamed, influenced and manipulated, our whole personal and government financial welfare can collapse if someone sneezes in Bumf*ck Anywhere.
Nick hope your eye surgery was successful!
DJT common stock is just treading water in pre-market trading.
Took another dive yesterday.
Can see all the pertinent DJT info on the official NASDAQ page, real-time prices [3-second updates], including investor, insider, institutional, etc, info:
https://www.nasdaq.com/market-activity/stocks/djt
Long way down, current total valuation :
Market Cap
4,446,869,965
57.8% of that amount in Komrade Donnei’s pocket is way off from where it was; and sinking every effing day. Won’t even come close to paying his legal bills in a few weeks, just paper money.
The DJT insiders holdings, like Devin Nunes, CEO, are losing their asses too; although they get huge salaries [hope they’re getting cash in advance…].
10lex, just remember it’s all God’s will. Nothing happens otherwise. It’s obvious. Anytime someone starts questioning the righteous’s God given freedom to do whatever the hell benefits themselves, then by God the truth starts coming out about the questioning unbelievers.
11Turns out they hate guns so they must hate America. They wanna kill babies, so obviously they wanna eat em. And everybody knows you can’t believe anything Murican hatin baby eaters say. It’s in the Bible somewheres. Or the Constitution. Same difference. So personally I think the true believers need to start putting their money where their mouths are and start proving their belief in everything being God’s will.
I’m thinking crossing city streets without pausing to look either way first would be a purty good start.
Every chance they get.
Hallelujah.
DJT NOCP [NASDAQOfficialClosingPrice], since the merger made it Komrade Donnei’s pocket pet:
DJT Historical NOCP
5D 1M 3M 6M 1Y
Trade Date Nasdaq Closing Price
04/11/2024 $32.41
04/10/2024 $34.26
04/09/2024 $37.47
04/08/2024 $37.17
04/05/2024 $40.59
04/04/2024 $46.15
04/03/2024 $48.81
04/02/2024 $51.6
04/01/2024 $48.66
03/28/2024 $61.96
03/27/2024 $66.22
03/26/2024 $57.99
03/25/2024 $49.95
[merger of new DJT and DWAC]
Not lookin’ good for the world’s biggest conman.
$32.41 -1.85 (-5.4%)
CLOSED AT APR 11, 2024 4:00 PM ET
[Pre-market:]
12$32.49 +0.08 (+0.25%)
Bid: $32.41 x 35
Ask: $32.48 x 100
Volume: 18,106
APR 12, 2024 7:29 AM ET
Thanks Lez. It was successful. They are calling it a retina surgery which I guess is the best description a lay person could use to describe it. Thanks to everyone for the positive comments and vibes.
13DJT stock today is hovering around $2 below yesterdays closing price. It even went briefly to ~minus $2.50.
Today’s High/Low
14$32.48/$29.57
…
Previous Close
$32.41
At one point, DJT was selling his own currency and people bought it. (I believe it came in 100s) The purchasers would go to a bank and try to trade it in for standard U.S. currency, only to be told that it wasn’t worth anything. I’d feel sorry for them, but they actually believed him.
15P.P. @11 You nailed it! Jesus wrote the Constitution don’t cha know.
16