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Trump Media

The stock at $29.16 is only $11.81 from its pre-purchase of Truth Social.   So far aside from the $300 million dollar loss the company has not lost much.  Investors have not gained a great deal, although five months ago the value was in the hands of one group of investors and now it's in the hands of Donald Trump.   IN the last six the SAPAC has transferred about $3  billion to Donald Trump who will have the right to start selling his shares this Friday, six months after the IPO.   All the locked investors will be allowed to slowly sell their shares.  THAT ALONE will ensure that the price remains under pressure, as of today only about 45 million shares are tradable, as of Friday nearly 100 million will be, and five weeks later nearly all the shares will be tradable. 

If you follow charts, then assume that $17.24 is the floor (the value of the assets of the company pre dilution), but of course, many many new shares were issued (about 125 million in March), all going to Donald Trump.  

I would say that it's time to get out of the shares...but honestly buying that stock shows an amazing level of delusion on the part of the investment community.  It is more likely that the share will trade at $1.00 than at $100.00.   Still, you take your money and you make your bets...

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