- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
'DJT' drops as president-elect moves entire $4 billion stake to to revocable trust
Posted on 12/22/24 at 9:38 pm
Posted on 12/22/24 at 9:38 pm
DJT closed/dropped 2-2.5% on Friday once the news came out instead of riding the wave up with the rest of the market. Its up .43% in the Friday aftermarket. Thoughts on if this news still has an affect this week? I'm thinking it does get affected some by BTC being down, but not sure how much.
My main question is how does this move hurt. I figured it was expected to happen once he won, so why it's hurting now. Of course the announcements timing wasn't the best, but I'm sure it was pre-set to drop.
Trump media stock 'DJT' drops as president-elect moves entire $4 billion stake to revocable trust
My main question is how does this move hurt. I figured it was expected to happen once he won, so why it's hurting now. Of course the announcements timing wasn't the best, but I'm sure it was pre-set to drop.
Trump media stock 'DJT' drops as president-elect moves entire $4 billion stake to revocable trust
4
Posted on 12/26/24 at 5:57 am to HagaDaga
Shitecoin crypto is trash unless BTC
Posted on 12/26/24 at 4:37 pm to HagaDaga
Revocable trust? What does that have to do with anything?
Posted on 12/27/24 at 9:17 am to HagaDaga
quote:
My main question is how does this move hurt
I'm guessing maybe there was some people that thought would actual follow normal routes and put his financial interests in a blind trust which would probably keep him from selling the stock.
Instead he did like everyone thought he would do and basically did nothing. He still controls everything since the trust is controlled by his son.
He could sell everything tomorrow if he wanted. Therefore more perceived risk to the stock.
The investment still remains the same
Posted on 12/27/24 at 9:21 am to MSTiger33
quote:
Revocable trust? What does that have to do with anything?
IDK...kinda part of my question
Posted on 12/27/24 at 9:25 am to UltimaParadox
quote:
He could sell everything tomorrow if he wanted. Therefore more perceived risk to the stock.
This is what I was wondering would be it. So nothing changes. Though he did say a while back he wouldn't be selling his stake. Though I guess now that it's moved to this trust DJT jr is now managing it will now be more open to sell of stock.
With the stake being in the 50%+ range they probably won't dump enough (of they were to) to loss their majority stake. But who knows their future plans of course.
Posted on 12/27/24 at 10:17 pm to HagaDaga
This kind of movement is definitely not attributable to that. It's up 6% in the last 5 days. Up a lot before that. A 2% drop is nothing in a small cap stock like this. Could be some investors dumped to get in qunatum.
Posted on 12/27/24 at 10:20 pm to UltimaParadox
I'd perceive more risk in a blind trust. Easier to sell on a run up and say "What could I do, it was in a blind trust!".
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News