Published: Aug 28, 2024
Duration: 00:22:57
Category: Entertainment
Trending searches: djt stock price
welcome back to tarot by the bay I'm David all right um been watching uh uh Donald Trump's truth social stock uh the Trump media Technology Group uh stock price it's under NASDAQ under djt um I think it was NASDAQ movie s Johns anyways it's under djt um it hit uh a low today an in day low uh which would be the lowest price for the year um this stock it hit the market right around $50 a share or so and went up to about $77 a share um prior to uh uh the July 15th incident um the stock had uh the stock was trading right around $30 a share and then after the incident where uh at the rally where Trump was shot at um the stock price jumped from $30 to $40 a share currently today it closed at $20 a share but spent much of the day below $20 a share so um there's been a lot of correlation between enthusiasm for Donald Trump's uh reelection chances you know being um M being mimicked by the stock and he certainly got a boost at the time of the shooting since then that stock has has been on a steady decline and it is now at a uh it's basically at a low it closed at its lowest price uh Gary and I have talked about this I've talked Al about it before um just the the financials that came out in June of 2024 the company truth social had revenues of about $840,000 that's rounding up okay they had expenses of about $16.4 million so they made $800,000 they lost 16 million for a net loss of about 15 5 million for the quarter that's not how you run a business and you know again you're hemorrhaging B what would be approximately $60 million a year in revenue or yeah in in profit you're in the black you're in the red $60 million a year yet this company is Trading at a stock value of $20 a share which is ridiculous this is a penny stock fact at its current Revenue rates you know it's going to be worthless fairly soon there's just it's going to burn through all the cash um now again the stock price has been going down and I think that's indicative of the general sentiment that Trump's campaign is in serious trouble the other part that's ser serious trouble is in about uh three about 23 to 25 uh 28 days from now so be next three to four weeks four weeks at the longest Donald Trump will be able to start selling shares of Truth social truth social will live and die with Donald Trump right now Trump has been posting a lot to truth social but he also has been posting up or reposting on X Twitter um that doesn't do truth social any good because again the only thing that makes truth social of anything of value is the fact that Trump is on it so all the Maga folks will use truth social because there's no moderate no moderators and uh they can post up any crazy stuff they like and they won't get it taken down and Donald Trump's on there if Trump starts selling stock you better believe that stock price is is going to tank and continue to tank cuz if Trump is selling his shares uh people are going to be like this this Stock's going nowhere and know he's a purported billionaire so he shouldn't need the money the cash flow for it even though on paper it's worth a couple billion dollars given the uh number of shares that he he possesses but still you know it dropping down like this he's lost billions of dollars on paper um so I want to look at the energy around Donald Trump and his reelection as it relates and correlates with the Donald J Trump stock okay sorry for the long intro but it's kind it kind of helps to understand the finances behind all this again for a company that's hemorrhaging $15 million a quarter um with little revenue and I mean they don't have a plan to increase Revenue this this thing it's a penny stock and that would be even calling it a penny spot penny stock is speculative a penny stock is a stock that sells for under a dollar it's it's a very risky type of proposition typically you know there's a lot of shares out there and not a lot of value in the company now if they get it together you know you can when it's a penny stock you can buy lots and lots of shares because they don't cost anything and if the company gets it together you can make a lot of money money chances are though it's just going to go bankrupt where have we heard that before Donald Trump in bankruptcy where we heard that before come on down Donald Trump djt trump Media Group stock price is declining his campaign seems to be in trouble let's look at a correlation between the two of them uh the foundation of the reading is the high priestess uh I'm going to just tap Pat myself on the bat now and say that Spirits agreeing with me this is kind of like you know here's a pearl of wisdom for you you know a stock that relies on Donald Trump's um endorsement and him getting elected as president of the United States is sinking before the election might really be a um a forebearer of what we're about to see underneath it all is the Two of Wands the stock is sinking and we ain't seen nothing yet it's going to the action is going to continue now he better have a great cross to get him out of this uh the seven of Wands not a bad one uh fighting um trying to fight from Higher Ground it's still you know I guess one way to look at it is this stock is was overpriced at the at the initial public offering of around $50 a share it's still overpriced at $20 a a share but its actual Book value is uh again I think a a month a couple months ago I said it would be worth like you know 7075 cents a share that's overestimating it as well its Book value is really really pennies my my brother's point on it was you'd have to pay me to take that stock I wouldn't put any money down on it and I agree with Gary but the only way to make money on this stock is to short it but um you know uh the stock is going down but it's not going to go down without a fight you know uh this Trump's campaign if he suddenly gets um uh a real boost in his campaign sorry my glass real smudged here if he gets a boost in his campaign that will do wonders for his stock you know that again like when he got shot at and people rallied around him it was a a short-term boost for his stock I'm not saying that he's going to make any other arrangements to boost that stock price but it just you know correlation there in the past we have the world card it's funny this this company hasn't even been on the market for uh six months and I would say its best days are behind it is coming full circle he was booted off of off of Twitter because of his uh his lies and action denialism and everything along those lines Twitter fi Twitter in uh Twitter finally got around to kicking him off the platform I guess they decided that the money they were making off him was no longer worth the liability so we started true social to move so he could be back on uh on social media he was banned from Facebook too and now he his he's been posting on Twitter again which is going to be the demise of his company and there's no agreements that that truth social has to say that Donald Trump they don't have an exclusivity agreement with him so he can do whatever he wants cuz again heaven forbid you put uh any type of guard r around Donald Trump current situation is the eight of Wands things happening quickly notice the trajectory of these wands isn't going up they're going down you're going to continue to see the stock price drop and it's going to drop rap consistently and rapidly that doesn't mean it's going to go to zero in the next few weeks but expect to continue to see percentage losses week over week over week over week um I don't know if it'll be 10% per week or anything like that but it just expect it to decline and I would say September we've in August with you know you got the eight we've already seen a steep decline in August it's down about 50% actually I take that yeah it's down I think in uh the beginning of August it was around $30 a share now it's down to $20 a share so it's down a third of it overall price um and again it's down 50% from July 15th but it closed at $40 a share so it's going down it's it's going down it's going down overarching energy is the page of cups and I've touched on this before too these poor Maga folks this is the part where I feel a little bit bad for them in that they bought this stock in order to support Donald Trump they took money they had maybe money they didn't have and they put it invested it into this company you know just thinking that it's Donald Trump it's this company and for them I think it's more of a symbolic way of supporting him but you any objective person would say this is a money losing proposition these are the people that are kind of currently keeping it propped so does Saudi Arabia in in big you know some big hedge funds and some countries and stuff like that are buying it to support Trump but if Trump's presidential campaign uh Flames out this stock is going is going to go bankrupt the company's going to go bankrupt and the per people are going to be hurt the most are the Maga folks the lesson to be learned Donald Trump lacks Integrity the Maga folks B bought this stock on emotions rather than financials they bought it because of the feels they're helping him with that um as far as the stock price going down uh correlating with um Donald Trump expect some big changes in September he's currently propped by Maga but it's a Fool's errand this Trump's campaign is circling the toilet this stock is circling the toilet and it's you know we're we're not even close to the end we're going to get more and more of this outc comes the two of coins expect to see the valuation decrease expect to see Trump's campaign continue to decrease in value in worth in the probability of success it's just it's a spiral it's a downward spiral it's a death spiral for both Trump his campaign and his stock it doesn't matter if you bought his $300 sneakers doesn't matter if you bought a fresh shiny new red Trump baseball cap at the end of the [Music] day everything he touches dies I do and again I do feel bad I do have empathy for the Maga folks the the loyalty they have for this man is second to none um one might argue that it would be better spent on Jesus because at least Jesus loves you and he's benevolent and if you if you weren't going to go that route at least you know love yourself and love your family and do the stuff that's best for yourself and best for your family worshipping false idols and stuff like that okay um in September what happens with Trump's stock price through the month of September again I I see it going down let's see what the cards have to say about that just a four Carter Trump's stock price as it goes through September Queen of Wands got childless cat ladies I don't know if childless cat ladies are really going to drive the stock price but there's action forward-looking action to be taken Six of Swords going out of Troubled Waters to Commerce Shores four of cups not liking the offer page of Pentacles messaging about money there's that Two of Wands again underneath there um I think you're going to see more the same but also I think Regulators this could be a card of regulators or it might be early for the [Music] lawsuits but there's going to be some action being taken on this uh again Trump has the ability to sell his sell those shares as if the stock prices it goes through September people aren't going to like the news that they're getting regarding this stock price you know maybe maybe there's some messaging about better times but here's the thing Trump is so used to everything being a private not a public company that you can't pump up your stock that's that's illegal and it could lead to actions like this it it certainly leaves you open for a class action lawsuit and he's already done it uh Six of Swords I think the stock price is going to continue to uh to drift downward uh four cups people aren't going to like it I would expect another 25% drop by the end of September there might be some days where he makes money or something along those lines but I think the overall drop is going to be you know 25% of $20 is five bucks a share so it could be down around 50 $ a share that's a guess I mean I'm trying to trying to use the numbers on top of the cards in the fact that a four of cups is one quarter of it [Music] um that's generally what I'm seeing Trump may not sell right away now I do want to read real quickly if Trump sells when Trump sells what will happen to the stock price then now there are form you know that queen of could also be when Trump sells there are forms you have to file before uh an executive of the company like Trump would be um they have to file forms before they do that to give the market a heads up that an officer is selling shares and you know it's a certain amount of shares that they're going to be selling now you have to kind of have to give folks 48 hours notice or two working days notice so that they can you know react accordingly which you know Trump I'm sure would be livid because it means that it's like every it's like everybody else gets the insider trading and his hands are tied for two days while everybody else you know sells or buys or does whatever they're going to do and he has to bro he has to Telegraph what he's going to do and then everybody else gets to react to it in advance so don't expect Trump to follow the rules as closely as he should to him there there's probably more money to be made uh cheating and paying the fine than not cheating and you can delay the fine I suppose in courts and stuff like that so you don't ever have to pay it because that's kind of his Jam okay what happens to the stock price when Trump starts selling shares Six of Swords okay so that was one of the that was one of the things underneath here I suspect Trump is going to sell sharff you're going to see the stock price go away it's going to cause Mayhem in confusion when he does it you know folks will be wondering well what does it mean what does it mean that he's selling shares uh one way he could set this up is a a certain amount of shares get sold every month so it's a regular occurring thing so people don't panic about it CU it's regular heartbreaking betray Trail oh the shareholders are not going to be happy with this celebration the queen of uh you got the empress so what's going to happen when he sells shares um either he's fled the country and he he needs the money to take care of himself which would lead to the Heartbreak and betrayal because he's fled he's left his uh his supporters high and dry as he's the president in Exile as Susan limb would call him uh people would wonder if he was ever coming back while the other people are celebrating uh I do think though if we're looking just at stock price or uh if he starts selling shares his presidential bid is probably in Jeopardy too things are going away the the loyal investors are going to feel betrayed by Trump selling the shares the whole point again the whole value in this company is Trump trump is the value if he goes the company's value goes it just is um it'll cause again Mayhem and confusion and some people will be celebrating but it's not the long investors it's the short investors there's going to be people celebrating because they've already sold they've already made their money they predicted this would happen and they took positions that allowed them to profit this could even you know be smilly indicative of some insider trading that's going on expect that queen of wands to come up that Queen of Wands could be um you know again some type of regul regulator or auditor coming in and checking things out uh yeah Trump's Trump's stock is not going to do well in September it is not going to do well at all and it's overvalued I don't know what else to say I hope nobody here owns any shares of it if you do I would urge you to sell them take whatever profits or losses at this point it's likely losses that you can learn your lesson and move on you can still root for Trump if that's what you want to do but don't get into a business arrangement with him he leaves a a a a trail of Destruction wherever he goes when it comes to business deals go to his rallies buy his shirts do you boo but don't give him your money just don't do that that's a bad thing to do anyways we'll leave it here thank you very much for watching this video and supporting my channel I appreciate it this reading is for entertainment purposes only I am not a in any position to provide Financial advice guidance or anything else to anybody the opinions are of my own and are just based on personal values logic uh and sometimes the stock market is devoid of both of those things so I could tell you that the stock price is going to tank in September and it could Skyrocket what do I know I'm just reading tarot cards and trying to predict using logic storytelling and Tarot cards to predict the future ain't that interesting anyways thank you again for watching this channel watching my videos I do appreciate it have a good one and I'll catch you on the next video take care