we'll have to wait to see what happens, but we have very good momentum. $80-90 does not look out of the question. target goal $176. Lets go!
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Short sellers are trying to crash the stock, from the people I've looked at, they are mostly deranged and have a hate for trump. they spent all their momentum trying to short, I can see liquidations coming as the stock price climbs.
Truth Social has partnered with Rumble, A video streaming platform similar to YouTube. Rumble also has a competing Advertising platform competing with Google's Adsense.
Many people are fearing about the New York "fraud" case. I suspect The 175M Bond will be appealed due to its unconstitutional and unlawful manner and trump will make $39,554 a day on interest when the bond is released. Otherwise if they kept it at 454M the bond would have paid $102,616 a day on interest.
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Short-sellers lost $158 Million borrowing cost 200x average because of high momentum almost no one selling and almost everyone buying
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The Best is yet to come.
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Trump Media & Technology Group has warned the Nasdaq of "potential Market manipulation" related to 'Naked Short Selling'
I've been thinking much the same thing, that those with TDS and deep pockets will try to manipulate the stock. But that could potentially be good for us if they let their emotion get the better of them, as it will drive them to make poor decisions. Maybe for the first time, the little guys can have an advantage.
My guess is that it will cause some crazy swings of maybe as high 25% per day. If so, and if we are smart about it, we can swing trade this a bit. But I don't want to take it too far, as I suspect the value is a bit over the top and eventually things will calm down. My guess is that going into the election it will only get worse and people will become more emotional. If Trump pulls of a win, my guess is that people's emotion will get the better of them and drive this stock even higher.
It's pretty risky, so I'm not going to bet my portfolio on it. I dropped 1K at $48, so let's see where it goes.
Also, all of the "financial advisors" claiming this is a meme stock and overvalued. I listened to them with companies like AI, Amazon, Bitcoin, etc. for years and did not invest in those. How did that work out? So while I agree that it is overhyped and driving the price high, it doesn't tell me to stay away from this. Not any more than I should stay away from AI, ARM, and others that are trading out tremendously overvalued prices as well.
sirdubs
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@jrothlander lol TDS is usually parroted by people flying multiple trump flags while wearing a maga hat and a "we the people" shirt. it's hilariously ironic that you think it's other people with some sort of DS and not... idk the ones making trump their entire personality.
I like your thoughts. I agree on the movement but I believe the stock will run a lot higher, possibly beyond $200+. Is it worth it, no but I believe that if we get to a new ATH, it will be all over the news and the stock will rocket even higher. The media will hate on it but it will just feed into the FOMO. It will be an interesting watch for sure.
thecryptoyeti
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Nunes just wrote a letter to Nasdaq about the shorts manipulating the stock. They’re all talking so much trash about DJT, things are getting spicy.
ColoRider
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This is no Amazon or ARM or Meta. However, it will see wild swings and you may make good money for the next few months.