this post was submitted on 09 Aug 2024
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[–] fine_sandy_bottom@lemmy.federate.cc 18 points 3 months ago (5 children)

6 months. From April I think, so that would mean he can sell in October.

The share price is absurd. Idiots buying because they want to support trump somehow. The shares are worthless but hapless idiots will pay stupid prices for them.

He will start selling as soon as he can. I expect there will be a steady downward trajectory but who knows how fast and how low.

[–] tal@lemmy.today 11 points 3 months ago* (last edited 3 months ago) (2 children)

I bet that he blames "market manipulation" or something to his followers when he sells.

[–] barsquid@lemmy.world 7 points 3 months ago (1 children)

Crooked Joe Biden directly attacked the stock price somehow.

[–] ChickenLadyLovesLife@lemmy.world 2 points 3 months ago

No, Lyin' Kamabla is behind it now.

[–] eestileib@sh.itjust.works 2 points 3 months ago

DRS your Trump Media!

[–] Socsa@sh.itjust.works 2 points 3 months ago (1 children)

It's definitely not retail investors. The entire thing very obviously a back channel for the mob and Russians to pay Donald Trump for various things by propping up the share price.

[–] nilloc@discuss.tchncs.de 2 points 3 months ago

Trump hotel 2.0. With less expenses.

[–] TehWorld@lemmy.world 1 points 3 months ago

Foreign governments are certainly propping up shares.

[–] PumpkinEscobar@lemmy.world 1 points 3 months ago

Easiest shorting money I ever made.

[–] Pacmanlives@lemmy.world 1 points 3 months ago (1 children)

Which means there be a massive pump in September/early October and then dump

I don't think it will be quite so pronounced. Trump has a majority holding so he will have to drop comparatively small holdings whenever he can do so without tanking the price.