No. of Recommendations: 3
DJT the stock is up approximately 40% for the day, as I type. Not sure how that figure is arrived at, as the price chart for the day shows that it opened at $70.90, and it is currently priced at
$69.96. Showing a 40% gains means that it was priced at $50/ share
(IPO Price * 1.40 = $70........ IPO Price = $70/1.4= $50 ), so I assume that is what the 40% gain is referenced against.
It did spike up to $79.38, per the chart, soon after the opening.
Not much info as far as numbers on the FIDO site.
It's current market cap is $1.86 Billion ( considered a microcap, per FIDO )
Short interest is at just under 11%.
26 million shares have traded, as I type.
Does seem like it will be fairly easy for deep pockets ( Saudi's and Russians
come to my mind ) to keep this propped up, if they choose to do that.
From previous posts on this board, ( if I'm remembering correct ), DJT has very little
ad revenue coming in, and are spending much more than they take in. I don't short stocks,
and i wouldn't touch this with a 10 foot pole, but it is interesting to see how this plays out.