I feel no sympathy for willfully ignorant people.

Experience keeps a dear school, but fools will learn in no other.
--Benjamin Franklin

To the bank!! These are the suckers and losers that TSF loves so much. At least until they run out of money.

If I feel like I want to show support, I send a donation to their political campaign. I don't want to drink a beer with them, don't want to support them like the failed relative. If I have money put away, I must have enough sense to avoid wasteful endeavors. I have no sympathy for people who, in spite of seeing the track record traitor has of one failed business after another, throw good money after bad.

Empty your bank accounts. Mortgage EVERYTHING. Anything of value in the house? SELL IT.

These people will have to learn the hard way, and then it is not certain that they will come away with the right lesson. When the stock bottoms out, they will be blaming it on Biden.

And he runs a business? Did he use this logic in his own business?

It is mindboggling that these people have been able to function for decades without facing ruin and bankruptcy.

By the way, I agree. They'll blame Biden when they lose their shirts, because in their eyes Trump can do no wrong.

People like this business owner are so indoctrinated they will lose everything and then blame the Democrats, as well as the 'Deep State', for their persecution of TSF, thereby causing his business to fail.
Hopefully, some of these MAGAts will wake up and turn their lives around. There are bound to be at least a few. Fingers crossed.

Though they're probably not likely to be advertising their previous gullibility. Who wants to admit they were taken in by an obvious con artist? Many of them are likely to keep a very low profile. It is too embarrassing to admit you were a huge chump.

Maybe he got hit with overwhelming expenses that made it impossible to save adequately, but I suspect that investing in "Truth Social" isn't the first time he got taken to the cleaners...

How many hairbrained schemes has he fallen for in the past? Meanwhile, he claims he hasn't told his family yet about his "investments", though I'm sure they know now that he is featured in a Washington Post article.

The stock keeps going down and in response McLain doubles-down.

“This isn’t just another stock to me. … I feel like it was God Almighty that put it in my lap,” he said. “I’ve just got to hold on and let them do their job. If you go on emotion, you’ll get out of this thing the first time it goes down.”

I almost feel sorry for the guy, but if after watching Trump for the past eight years, he is still willing to throw his money away for the guy, I guess he'll just have to learn the hard way, if he learns at all.

Of course, if he hangs on to the stock, I am sure that the Bigly Big Businessman, D.J. will turn it all around and they will all be coming up roses. Trump is looking out for his little people, that is why they love him. In fact, it would be my advice is for all of Trump's supporters get on board and run the price of the stock way up, for surely, goodness and mercy will follow them all the days of their lives, and they shall dwell in house of Mar-A-Loco forever. Amen.

I have zero empathy for the silly bastards.

Nice paraphrase of the 23rd Psalm and that's probably how they believe it will play out.

This current scam, DJT, will also become worthless. Its just a matter of time before 'investors' who stick with trump eventually lose it all.

It's my understanding that people shorting stocks are "renting" shares to offset their shorts of DJT. Careful investors have access to the stocks they short in case their position becomes untenable because the price of their bet has gone south. "Renting" shares to people who short the stock seems to have become quite lucrative. Don't know if this person is savvy enough to do this.

[link:https://www.msn.com/en-us/money/topstocks/why-shorting-trump-s-djt-stock-could-cost-you-a-500-fee/ar-BB1l1vlp|

There seems to be an algorithm at play in most of the trades. Something like a rental would be half of the current share price. Demand is so low that even if a rental is lucky enough to sell their short at a profit. (which happens often when a large enough number of shares move) They only walk away with pennies/share. It’s really not worth the time compared to other legitimate trades on the markets.

Personally, I love it when the market punishes people who trade on their emotions, especially when they think they've outsmarted everyone else.

Kindred souls I suppose.

Putting your shares on margin or putting a sell limit far above the current price keeps the out of the hands of short sellers (for which way and details see your stock broker), and some holders are doing that.

There is a lack of shares available for shorting in that stock now, and holders can get about 5 times the usual rate. Holding shares away from shorters benefits those who make shares available for shorting who can then charge more.

Regardless, only suckers and those locked in own/hold DJT shares now.

There were two episodes of strong buying in DJT on Friday, and it might indicate Saudis and multi-billionaires favourable to tRump moving money in strategically to prop up the stock for political favours.

People who can afford to take some losses if necessary, looking for preferential treatment down the road.

At least we know he wasn't involved in insider trading. It was under $10/share a few months before McLain bought it (before the initial announcement).

Shares of DJT stock will trade at a negative price. People will have to pay others to take those shares

"at some point, it's going to explode"

On the difference between “explode” and “implode”.

Penny stocks were the big thing then. If you picked the right vehicle you were on easy street, all it took was hitting the right stock once and getting out, but precious few hit the right stock, and fewer still moved out once they’d made a pile.

I never invested then, but I watched my buddies, and I kept an eye on some of the stocks they told me I was a fool for not buying. 99 out 100 either folded or languished, but I did see one (just one) guy actually hit his stock.

I think it should be obvious what and who this stock was intended to enrich, and there might be a few other people lucky enough to make a little change. In my entire life I don’t think I’ve seen a stock so susceptible to manipulation. I don’t think there’s enough money in the world to make it “explode” the way they’re talking about.

There was a subreddit a few years back titled “Herman Cain” is calling. They’d post the anti vax pages these idiots dying of Covid had been pasting onto their fb pages, then add the gofundme pleas for the same people once they contracted Covid, and then the obituary when the inevitable came. It got a little out of hand with the grave dancing and the subreddit was pulled. I’d love for someone to start a new subreddit with all these magat investors in the run up to their bankruptcy filings. Schadenfreude city, and you can put me on a train.

It's /HermanCainAward . It seems that antivaxxers also buy into other conspiracies, the latest being that eclipse glasses weren't just unnecessary, but harmful. You can't make this shit up!

I worked for several brokerage firms and I saw certain investors make the same mistakes over and over again. It was unbelievable. They'd lose a lot of money and come back and buy another stock guaranteed to fail.

They should have just taken their money to Vegas. At least they'd have some fun and free drinks while they lost their shirts.

Day trader I was associated with at one point. It was so painful to watch, I finally said that every time they got the impulse to “invest” they should lay the money on my desk and come pick it up at the end of the day.

For the first time in three years, they ended the year in the black.

I swear, some of these people were programmed to fail. Even when their brokers would give them good, solid advice, they were sure they knew best and pick yet another loser.

They followed through on the program.

Set a loss limit and a gain limit for your investment, and above all don’t trade on emotions.

Of course all my investments are in funds, not direct stocks.

FOMO (Fear Of Missing Out) reigns supreme, though. As always. That’s the specific emotion at play.

If something is a good investment today, it’ll be a good investment tomorrow. (Unless, TSF touches it in the meantime. )

More like implode!

Note: one definition of implode is "To undergo a catastrophic failure."

Doesn't matter to these marks. The syllable "-plode" is in there are that's good enough for them
Dopes!

Trump touches—you know the rest.

Lately it seems like The Onion has been writing all the political news because it's hard to believe any of it is real. But this really is a special kind of stupid.

No, it's just you Jethro."

There's nothing but speculation holding the price up.

That's unless they're also in on it, in which case, fuck them too.

I'd feel sorry for these morons if they weren't so vile.



...there goes his nest egg.

Oh wait…probably wants to privatize that too!

Fucks

Hopefully large money goes or has gone short DJT and drives it into the ground.

However, if Trump wins in November... I can see it hitting record highs as global powers seek Trumps approval.

Trump loses, it's worthless.

... they might have an understanding how the short squeeze is going to benefit a few small investors. A lot of Wall Street guys are shorting this stock too, so it could happen. But most people who aren't Wall Streeters won't know when to sell, and they'll get stuck.

this moron will lose all his investment this year

...this is or will be a "pump and dump" or short-selling free-for-all.

and if Donny got four more years, good chance he’d also lose Social Security and Medicare.

A lot of people signed up, including some good friends of mine. They thought the scammers had to be honest because they were going through their church, calling themselves a "Christian Investment Group".

Of course, those that gave them money lost that money, All of it. Finally, the scammers got busted, this turned out to be a big deal, they stole tens of millions and got national news coverage.

20 years later, the scammers are out of jail, and I'll be damned if they didn't go to the same churches with a new "investment" scheme and scam more money out of the same people they screwed the first time around.

Faith-based investing. It's not just for grandma and grandpa anymore.

It’s an affliction that many have, holding on to a losing stock, as well as holding on to a losing politician. It’s all the same. It never ends well, despite being told time and time again they are making a very large mistake.

You’re a charter member of the Just Another Sucker Club. A member in very “good” standing.



I’m sure it warms his heart (assuming he even had one) to see your endless loyalty and your faith in him.

Just call him the resurrection of P. T. Barnum. All he really ever wanted was your money.

...from a few years ago.

https://www.democraticunderground.com/100218736439#post62
https://www.democraticunderground.com/100217949403#post20 (see also post #2)

But Vlad did not buy into Trump enterprises like stock.

Vlad put the money into Trump directly.

Shorting a stock to make money from the downside.

When Valujet hit the swamp, so many people shorted the stock that it went up in price because so many people had to cover and there was now a shortage of stock available to cover.

They had to buy so much stock that it was a seller's market for a short while.

https://www.nytimes.com/1996/07/05/business/market-place-valujet-stock-short-sellers-nightmare.html

Happening since before written history

Meme stocks rely on the greater fool theory. I was amused to see that DWAC/Trump Media is classified as a meme stock where the value is due to personality and not due to the real value of issuer of the meme stock. This article is a good discussion of the meme nature of DWAC/TMT.
https://www.vanityfair.com/news/donald-trump-truth-social-media-merger

Only an idiot would invest in this company.

Traitors deserve no aid or comfort. Even if that is just investment money.