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Watchin' the iDJTs #9: Creepy Crawly [1]

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Date: 2024-10-06  

Unfortunately, from our POV, the DJT price hasn’t continued to tank. Me, I can’t explain the interest in it, and I’m baffled by the spikes showing relatively large trading volumes. There’s a selloff pretty much every morning. Big volumes don’t seem to equate with lots of little MAGA buyers loyally losing their initial stakes for the sake of TFG’s ego.

Big selloffs, and then some big spurts in buying. If it’s short sellers, they’re making money on the wobbling price.

Maybe someone has more insight into the mob psychology of stocks like this. It’s an interesting dynamic.

I can’t escape the conclusion that some folks with money to lose are continuing to prop up the price as a political gesture, or means of buying influence. (There’s nothing that stops the Saudis from buying, and letting TFG know they’re the ones buying).

Snapshots from this week (you can see there’s very little interest in after-hours trading) ...

Oct 1 :

Oct 2 :

Oct. 3 :

Closing Oct 4 (Friday) :

The 5-Day chart:

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