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What Investors Thought About Thursday's Debate [1]

['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']

Date: 2024-06-29  

The premise: If TFG regains the presidency and chooses to use Truth Social as his ‘go to’ social media platform, DJT stock has value. If not; well, everyone here already knows how that story ends: the company has no user base, no real prospects against the serious players already in the business, and is basically doomed to burn through all of its available cash and enter bankruptcy (from where it will not likely return). TFG is pushing 80 himself. His future in politics and as a social media star is now or never.



So, as to ‘What Investors Thought About Thursday’s Debate’ - without stealing a screen-shot from CNBC, here’s a recap of Friday’s market action in DJT stock: Close $32.75, DOWN $3.98 (-10.84%) / Volume 20,044,000 shares traded, Avg. daily volume last 10 days 11,500,000.



I guess they thought that TFG’s prospects at regaining the White House looked bleaker on Friday; the first chance they had to weigh-in on his supposed kicking of Old Joe’s butt at that all important first debate.



The old adage is that the market ‘is a discounting mechanism.’ In this case, it chose to discount TFG’s chances at another term by close to 11% vs the sentiment that prevailed at market close on Thursday afternoon.



Cheers!



Slava Ukraini & Slava Dark Brandon

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