"Truth Social has lots of company: “More than one-fifth of the nearly 500 SPAC deals that have closed since 2019 are trading below $1 each, representing a greater than 90% plunge. $DJT"
-Tim O'Brien
"Trump Media Spirals as 37% Dive From Debut Close Erases Billions. DJT has struggled to retain the attention of retail traders. Paper windfall for Donald Trump drops by $1.6 billion in weeks. #TFG
If Truth Social was loosing cash so rapidly, how could Trump keep it afloat up until the recent IPO? According to the Guardian, by borrowing millions from a Russian shell company controlled by Postolnikov — a guy whose name is listed on FBI search warrants in an ongoing money laundering investigation.
If all of this is true, the movie about the takedown Comrade Trump appears to write itself.
@randahl
I've been following this shitshow for quite a while now. I never believed the merger would actually happen until it did, and I still think the SEC never should have given the green light for it.
I wrote about the link between TMTG and Paxum Bank back in October 2023:
"In 2022, the Southern District of New York investigated TMTG for money laundering, after finding it received a $8 million in loans: $2 million from Paxum Bank, based in Dominica and chartered under the Offshore Banking Act No. 8 of 1996. Paxum is partially owned by a former Russian government official who now runs a maritime agency under the jurisdiction of the Ministry of Transport of the Russian Federation. The other $6 million came from “ES Family Trust” which shared a director with Paxum."
The USD/JPY gained downward momentum after the U.S. Federal Reserve's FOMC Statement, indicating a change in monetary policy. Interest rate cuts are now expected in spring 2024. The currency pair is currently trading near 141.800, testing values last seen in late July. Traders should be cautious as conditions remain volatile. Breaking below 143.000 and sustaining values below would signify further downward momentum. Support levels to watch are 142.000, 141.500, and 141.000.
I think trying to protest reddit's asshattery via the blackouts is one tactic, but it appears to be losing a lot of steam for many misinformed reasons. I’m betting there’s a lot of shilling as well....
Everyone said tech was such an awful place to put your money, I stay the course, and now this morning on Bloomberg I see that, remarkably (he!), tech is way up year to date and nigh-everything else is down. Gotta love to see it! 😀💸
My #options account is currently up 5% (realized gains) year to date (in this crazy #market!!!)
It’s easy to believe handling your own #finances is difficult - or even impossible. Tired old clichés about #investing haven’t kept up with current market and #economic environments - not to mention all the crooks and bank failures, etc.
Take some time everyday to study finance. Keep at it. Over time it will start to make sense.
Here’s to your financial health and well-being.
❤️
I don't like to get ahead of myself on #economic predictions but the #waves tell me the #UnitedStates is in the beginning of a multi-year #super#cycle that could extend to a decade with the correct policy positions and a bit of luck.
Circumstances change but the US economy continues to defy the petulance from the #recession world. #investing
I'd like to remind everyone that since 2020 #russia #china #iran
Have used every moment to throw shit at the #UnitedStates#economy with the result being exactly opposite of what they intended.
In fact, one could argue the #Communist and #jihad nations have only shot themselves on 5th avenue. #trump #investing
#Meta $META down 14% overnight. I see a large "nib" in the 5 year chart during 2022 that may force a retest of 52 week lows @$207 USD per share. #facebook #premarket #investing #zuck
Decided to get back into stocks today after cashing out a couple years ago. I did well buying a bunch of oil company shares when the price of oil collapsed right at the beginning of the pandemic and selling a couple years ago.
So I'm playing now just getting back into a conservative portfolio with ETF's. Just NDAQ, SPY, and NANC. Now NANC is interesting as it tracks the trades of some of the top democrats in congress who have outperformed markets.
Exclusive: Deutsche Bank tells investors some of their Russian shares are missing (www.reuters.com)
Deutsche Bank has told clients it can no longer guarantee full access to Russian stocks that belong to them.
Maybe we should go after reddit’s investors and advertisers…
I think trying to protest reddit's asshattery via the blackouts is one tactic, but it appears to be losing a lot of steam for many misinformed reasons. I’m betting there’s a lot of shilling as well....
Chinese tech groups suffer as foreign investors take flight (www.ft.com)
Geopolitical tension and poor economic recovery drive stock price falls and funding shortages
Weekend discussion thread!
What are your Stock or Options plays come Monday? Hang out shoot the shit and make fun of Cramer.