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DJT in your portfolio - the first two funds reporting (edited)
Experts are warning that a recent contract to supply Oklahoma’s Department of Education with an estimated 55,000 bibles might actually represent a breach of state law. That’s after the contract’s exacting specifications came to light—and they only really seem to favor one version: Lee Greenwood’s God Bless the U.S.A. Bible, often referred to as the Trump Bible for its endorsement from the former president himself.
At $60 a pop, the contract would net its publisher something in the region of $3.3 million, with some of that going back to Donald Trump in fees. “It appears to me that this bid is anything but competitive,” former state Attorney General Drew Edmondson told The Oklahoman on Friday.
At $60 a pop, the contract would net its publisher something in the region of $3.3 million, with some of that going back to Donald Trump in fees. “It appears to me that this bid is anything but competitive,” former state Attorney General Drew Edmondson told The Oklahoman on Friday.
AMC was trading near $566 a few years ago....now trades at $4. Gamestop was trading at $81 a few years ago...now trades at $21. BBBY traded at $16 a few years ago...now its gone.
DJT was trading as high as $79 this year....but where should it be trading? I believe @rforno's $0.15 would be fair value.
Investors and day traders apparently did not like what they heard from former President Donald Trump on Tuesday.
Trump gave a whirlwind interview with Bloomberg Editor-in-Chief John Micklethwait on Tuesday, during which the ex-president once again promoted tariffs as an economic panacea, slammed the Federal Reserve, gave irrelevant responses, and told his interlocutor, “You’ve been wrong all your life on this stuff.”
The interview began at 12:49 p.m. ET and lasted until 1:53 p.m. ET. When it started, shares of Trump Media & Technology Group – the company that owns Trump’s Truth Social platform – were trading at $32.74 – above the opening price of $32.19. By the time Trump was done taking questions, the stock was down modestly to $31.89 before giving way to a precipitous downward move that saw the price bottom out at $25.16. About 90 minutes before the closing bell, shares rallied somewhat and ended the day at $27.06, losing $5.13 a share for the session. The wild moves prompted an automatic halt in trading on the NASDAQ.
I never listen to the guy on purpose but today I was on bloomberg and noticed that they are interviewing him. So, decided to give it a go. I recommend listening / watching the interview if a recording is available - does not matter whether you like / care for the guy / his message or not - at the least you get to see the audience reaction.
As much a gambler I am, his stock is out of my realm.
I listened to most of the Bloomberg interview. It lasted over an hour. I felt Micklethwait did a poor job fact-checking / holding Trump accountable on a variety of issues. I posted some of my reactions in off topic. Just my own observation. Others may / will disagree. The setting was in front of members of the “Chicago Economic Club” in Chicago. There was a pro-Trump bias in the audience from the start. But I do not think that materially affected the interview.
What the news outlets seized on was Micklethwait’s holding Trump “to the fire” on issues surrounding his conversations with Vladimir Putin - particularly the issue of sending Putin covid testing equipment during the pandemic. Trump back-peddled a bit and refused to say whether or not he’d had any discussions with Putin. The media picked up on this as being inconsistent with his earlier flat denials. Yes, this could have moved the price of Trump Media today.
I’m wondering if Trump Media might have been affected by today’s ruling by a Georgia judge that the Republican imposed “hand count” rule cannot be implemented. The process will revert back to that previously used. This is being viewed as a negative for Trump who might have benefited from the resulting chaos and delay. I just posted an excerpt re this ruling from the WSJ in off topic.
You are right that gambling has nothing to do with elections. But we are a nation of gamblers. And I will tell you that the professional odds-makers are quite accurate. If they predict the total runs scored in a a BB game will be 7 or 9 or 5 chances are they are very close to the actual number. Don’t ask me how they know. I’d put the betting odds right up there with the polls as an indication of how the election might turn.
Just a side note, the MFO board is not the only ones watching this circus. For the last 3-4 weeks it seems like the stock has been featured in at least one article/day in Barrons.
Wow. This thing is trading at $55. I was not following this stock but it looks like its low was on Sept 24 at $12. Last 2-3 days, it climbed about $20.
My guess is that buyers are betting on a 45 win. I wouldn't touch that toxic waste anywhere between $0.00 and $1000. I will love to see what happens if he loses.
When a good crop means survival and a bad one can wipe you out, it makes sense to hedge — by buying futures contracts that will ease the pain if your own crop is disappointing.
Such classic hedges, which are the foundation of modern commodities markets, have a cost — and not just in the expenses involved in buying the contract. You are essentially betting against yourself, diminishing your profits in exchange for insurance against risk. ... On a prediction market, you needn’t bet on the person you want to win, or believe will win. If you’re hedging against what you see as a grave danger, you can put your money down on the person you don’t want to win. That way, even if the election result seems to you to be a catastrophe, you will be compensated for what you see as the nation’s loss.
These hedges are different from betting on a horse race or a sporting game. There, you have nothing at risk that needs protection. If your horse winds up headed for the glue factory, you haven't lost anything - unless you own the horse.
There were a few stocks considered Trump trades which did poorly today, which prompted me to check DJT price. I knew some of the big bets in betting markets are really hedges against another asset -many times a foreign asset or foreign currency. As @msf post suggests, being long DJT can also be used as a hedge against some other potential loss but potentially not as direct a hedge as a wager in a betting market. Of course, if you lose your bet (I.e., if Trump loses), you get zero. Going long DJT stock provides certain benefits one may not be able to obtain in a betting market and so I can see the appeal. There is no KH ticker (a Kamala co stock) to go long in case you do not want her to win.
Wow. This thing is trading at $55. I was not following this stock but it looks like its low was on Sept 24 at $12. Last 2-3 days, it climbed about $20.
Far far too volatile and far far too likely to be gamed/swayed by nothing more than emotional meme opinion.
Even though I avoid meme stocks (eg, DJT, TSLA, NVDA, etc) the tiny daytrader part still in me was tempted to go short a few weeks ago, but "face getting ripped off" for any number of reasons kept popping up in my mind as a likely outcome and thus I didn't -- which turned out to be quite prescient.
" Trump Media & Technology: Shares of Truth Social's parent company slid more than 7% premarket, on pace to extend Wednesday’s 22% loss. The stock has proved volatile as the election nears."
But as Musk presumably owns substantially all of "X", his investment is worth more than Trump's 57% of DJT. OTOH, Musk has lost 80%, while whatever Trump gets from DJT is pure gravy.
Surely I can find something better to do with my time than this. Like reading the latest jobless claims figures. And deciding whether to buy a short term T-bill or keep cash in a Treasury MMF. (I believe that Fidelity's window for next Tuesday's auction closes in 40 minutes.)
Careful what you say about mein leader's company. The leader is goot. Heil mein leader. Orange might sue you for $10B if he doesn't like your comments - just ask 60 Minutes.
But you should still vote for him. His tariffs will fix us all. Fix us goot.
Careful what you say about mein leader's company. The leader is goot. Heil mein leader. Orange might sue you for $10B if he doesn't like your comments - just ask 60 Minutes.
But you should still vote for him. His tariffs will fix us all. Fix us goot.
poor baby going to his old playbook. LOL. interesting they filed it in a deep-red district in TX with a very controversial MAGA judge, probably hoping he'll get a favorable verdict or at least drag it out for a while to make CBS squirm.
someone should sue *him* for eleventy bazillion dollar for failing to be a human being and causing the world excessive and unnecessary mental anguish over the past 8 years....
does MAGA realize the judicial system is a tax-funded public good that can also be the target of wasteful litigation? and some citizens have initiated many hundreds of frivilous cases? sure, it will keep him out of prison, but what will trump do for entertainment when project2025 defunds it? should we just go the scotus route and slowly\effectively privatize?
Comments
https://npr.brightspotcdn.com/legacy/sites/wyprmain/files/201611/sad-clinton-10.jpg
VERB: Sucking-up, laundering money, making illegal campaign contributions, grifting etc, etc.
At $60 a pop, the contract would net its publisher something in the region of $3.3 million, with some of that going back to Donald Trump in fees. “It appears to me that this bid is anything but competitive,” former state Attorney General Drew Edmondson told The Oklahoman on Friday.
https://www.thedailybeast.com/trump-bible-is-one-of-the-only-versions-approved-for-oklahoma-schools
Tell me you're [ VERB ] without telling me you're [VERB]ing.
VERB: Sucking-up, laundering money, making illegal campaign contributions, grifting etc, etc.
Yup. Along the same lines:
I have been sleep walking thinking my portfolio will be fine with either candidate winning.
Gamestop was trading at $81 a few years ago...now trades at $21.
BBBY traded at $16 a few years ago...now its gone.
DJT was trading as high as $79 this year....but where should it be trading? I believe @rforno's $0.15 would be fair value.
DJT belongs in the meme pile.
Investors and day traders apparently did not like what they heard from former President Donald Trump on Tuesday.
Trump gave a whirlwind interview with Bloomberg Editor-in-Chief John Micklethwait on Tuesday, during which the ex-president once again promoted tariffs as an economic panacea, slammed the Federal Reserve, gave irrelevant responses, and told his interlocutor, “You’ve been wrong all your life on this stuff.”
The interview began at 12:49 p.m. ET and lasted until 1:53 p.m. ET. When it started, shares of Trump Media & Technology Group – the company that owns Trump’s Truth Social platform – were trading at $32.74 – above the opening price of $32.19. By the time Trump was done taking questions, the stock was down modestly to $31.89 before giving way to a precipitous downward move that saw the price bottom out at $25.16. About 90 minutes before the closing bell, shares rallied somewhat and ended the day at $27.06, losing $5.13 a share for the session. The wild moves prompted an automatic halt in trading on the NASDAQ.
As much a gambler I am, his stock is out of my realm.
What the news outlets seized on was Micklethwait’s holding Trump “to the fire” on issues surrounding his conversations with Vladimir Putin - particularly the issue of sending Putin covid testing equipment during the pandemic. Trump back-peddled a bit and refused to say whether or not he’d had any discussions with Putin. The media picked up on this as being inconsistent with his earlier flat denials. Yes, this could have moved the price of Trump Media today.
I’m wondering if Trump Media might have been affected by today’s ruling by a Georgia judge that the Republican imposed “hand count” rule cannot be implemented. The process will revert back to that previously used. This is being viewed as a negative for Trump who might have benefited from the resulting chaos and delay. I just posted an excerpt re this ruling from the WSJ in off topic.
You are right that gambling has nothing to do with elections. But we are a nation of gamblers. And I will tell you that the professional odds-makers are quite accurate. If they predict the total runs scored in a a BB game will be 7 or 9 or 5 chances are they are very close to the actual number. Don’t ask me how they know. I’d put the betting odds right up there with the polls as an indication of how the election might turn.
Interesting NYTimes article on hedging and politics: These hedges are different from betting on a horse race or a sporting game. There, you have nothing at risk that needs protection. If your horse winds up headed for the glue factory, you haven't lost anything - unless you own the horse.
Even though I avoid meme stocks (eg, DJT, TSLA, NVDA, etc) the tiny daytrader part still in me was tempted to go short a few weeks ago, but "face getting ripped off" for any number of reasons kept popping up in my mind as a likely outcome and thus I didn't -- which turned out to be quite prescient.
" Trump Media & Technology: Shares of Truth Social's parent company slid more than 7% premarket, on pace to extend Wednesday’s 22% loss. The stock has proved volatile as the election nears."
https://www.foxbusiness.com/technology/truth-social-parent-company-trump-media-worth-more-elon-musks-x-election-day-nears
But as Musk presumably owns substantially all of "X", his investment is worth more than Trump's 57% of DJT. OTOH, Musk has lost 80%, while whatever Trump gets from DJT is pure gravy.
Surely I can find something better to do with my time than this. Like reading the latest jobless claims figures. And deciding whether to buy a short term T-bill or keep cash in a Treasury MMF. (I believe that Fidelity's window for next Tuesday's auction closes in 40 minutes.)
https://www.marketwatch.com/story/jobless-claims-retreat-to-lowest-level-since-may-79f4d575
But you should still vote for him. His tariffs will fix us all. Fix us goot.
someone should sue *him* for eleventy bazillion dollar for failing to be a human being and causing the world excessive and unnecessary mental anguish over the past 8 years....
does MAGA realize the judicial system is a tax-funded public good that can also be the target of wasteful litigation? and some citizens have initiated many hundreds of frivilous cases? sure, it will keep him out of prison, but what will trump do for entertainment when project2025 defunds it?
should we just go the scotus route and slowly\effectively privatize?