Holding because 🐻s are Emotional
Too many people here are saying "Short! Sell!" not because they necessarily see issues with fundamentals. It's because you blindlyhate the man, and you're trading emotionally.
So here's what I'm going to do: Hold, wait for the short squeeze which will happen by November, and make money off y'alls panic.
Say what you want, but it remains that emotional traders are ripe to take advantage of. Thanks in advance ☺️
$Trump Media & Technology (DJT.US)$
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Andrea Connally : we see the fundamentals. 800k in revenue with a 4 billion valuation. A negative EPS. User data is low, and decreasing. They have a very limited source of ad revenue, on boarding requirements scare people away. But nope we don't look at fundamentals at all. Had to use a SPAC because they wouldn't get approved for an IPO. The success of SPACs is pretty much zero. On average, all SPACs are only valued at 43% of its initial price (mid-Aug 2024). Thats down from 67% in Aug of 2023.
DazzlerAus : No problem with fundamentals are you kidding in an election year for trump revenue is falling fast with a tiny revenue and massive market cap - there are literally zero fundamentals - on true fundamentals it's worth $5 tops