They only get rich if they flip their shares while the flipping is good. This stock could go a lot higher based on the bigger fool theory. But there is no way the fundamentals justify this high valuation. It will come crashing down in the next few weeks. Then expect another boost to the moon in September when Trump can sell his stock. The price will be pumped up by the Saudis or the Russians or anyone else who wants a favor from Trump if he becomes president. Trump will dump his stock into this artificially elevated market, and the price will crash to earth for good. This is a good stock for flipping, but it is a terrible one to buy and hold.
@RobinSMessing @PeterSchiff The long term prospects of it even survived the pump and dump is zero. It is dependent on Trump being alive. When he dies, there is no reason to hold the stock as Truth Social subscribers are only there to read from their leader, and Don Jr will not be able to take up the slack.
@RobinSMessing @PeterSchiff Just another pump and dump scheme. Never, ever trust Trump or his people.
@RobinSMessing @PeterSchiff Just another way he gets richer off the backs of the middle class who support him. Truly a despicable, selfish person
@RobinSMessing @PeterSchiff Bookmarking this
@RobinSMessing @PeterSchiff I'm already green on some puts.
@RobinSMessing @PeterSchiff Already lost $600 million today
@RobinSMessing @MelissaJPeltier @PeterSchiff Do they have to make money or will they take the loss in order to sell other stock thats they don’t want to pay capital gains on ?