I don’t think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a “meme stock”. This makes the price harder to predict because it isn’t based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn’t touch with a 20 foot pole.
I don’t think people are buying DJT because they expect to make money. It is more of a cult and prestige stock. One article called it a “meme stock”. This makes the price harder to predict because it isn’t based on numbers but something much less tangible. Throw in some securities fraud, and a few billionaires thinking it is another way to bribe or gain access to his majesty and this is a ticker I wouldn’t touch with a 20 foot pole.