King Donnie's media company, that owns a lot of bitcoin, DJT, crashes into oblivion. No wonder the orange head is in a bad mood in recent days with a gravelly voice, disheveled hair and bags under his eyes that look like coin slots. Donnie must be up all night losing sleep over losing money.
DJT stock is a complete disaster; humorously, it is a low IQ stock. What happened to all the winning? That chart is losing and crashing and burning. DJT came to market in late 2021 and shot up to 175 on its debut. Four years later, it is at 10 bucks a huge -94% crash. But let us be more lenient because that 175 buy was likely an investor that wanted to kiss Donnie's butt to receive a future favor; a quid pro quo. Such is America's crony capitalism system.
DJT stock started this year at 35.62 a respectable value and an equity that is holding its own despite a big drop in 2024. But it is lower lows and lower highs since then. The rats are leaving the sinking DJT ship. DJT drops from 35 to 10 this year a -70% crash. That beating is going to leave a mark. If Mommy or Daddy bought you DJT stock for a Christmas or Hannukah gift after Donnie won reelection last year, you are now complaining to them that they should have given you the Mercedes convertible instead; at least it would be worth something now.
The coup de grace, the final blow, is the last 3 weeks. DJT stock is taken to the shed out back behind the garage and beaten mercilessly from 15 to 10 a -33% crash. DJT stock is collapsing -11% per week for the last 3 weeks. Donnie is losing his silk shirt, and gold cufflinks.
The downward-sloping channel is respected by price with many touches of the top and bottom rails. DJT has suffered serious technical damage. As bitcoin goes, so goes DJT stock. Bitcoin loses -30% over the last 3 weeks on par and in sync with the DJT loss. Donnie put all his eggs in the bitcoin basket but he did not realize it had a hole in the bottom.
Raise your hand if you are buying DJT stock for your children as a holiday gift this year. No one? Any one? Bueller? If you got involved with the orange one, you got fleeced. He is a business idiot. If your dad gave you a half billion dollars, and opened all the doors to Manhattan real estate for you, and all you have is $1 to $3 billion 40 years later, that continued to dwindle away before political office boosted your coffers again, you are a business fool. You should have $50 billion after that rich kid head start. He is lucky he did not lose it all. Remember when he would brag that he was worth over $10 billion during his first term in office because he wanted the double-digit number? That was always a lie.
The DJT stock is a turd now. Keystone is not long or short DJT and not interested in playing it. It will be interesting to see how much it recovers as bitcoin recovers. They went down in sync. Will they go up in sync? If DJT lags bitcoin on the way back up, that tells you that traders and investors jumped ship and they are not coming back. In trading, Another One Bites the Dust. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.
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