It already has a volume of 450M (off of 30M shares). Scalpers have ALREADY taken profit. A lot of it. The reason it is where it is at now is because people see that it will obviously go up quite a bit from here. Just based on the initial valuation its worth about what it is at now. Its not going down from this point, at least not by any meaningful measure. It makes no sense from the perspective of total shares and initial valuation.
I'm guessing the reason both the price and volume have leveled off is because there aren't that many shares left to buy.
I have no issues with it smashing through the roof from here, I sold 50% of my initial purchase from this morning and will hold onto the rest. But all it takes is a bit of panic to create a waterfall. We'll see what happens.
I am not a prognosticator, but panic doesn't change the math.
The initial valuation is 1.7B. The initial number of shares is 30-55M (depending on warrants exercised). That puts the initial share value at $31-57 per share.
Whats the initial valuation based on? Cash on hand is what, $293 million. The rest of that valuation IS prognostication - the product doesnt actually exist yet.
That said, Trump's "good will" is priceless to me and a lot of others, and I like the smell of behavioral investing in the morning.
I think when a hoard of scalpers take profit, it will settle back into that zone and move up from there. This is the first day of trading post news.
It would be foolish to dive head first all in as many here were dying to do this morning. In this fashion, you can buy down.
Of course this is my opinion only.
I think those of us who got in @$12 this morning got a hell of a deal.
Wish I bought even more.
It already has a volume of 450M (off of 30M shares). Scalpers have ALREADY taken profit. A lot of it. The reason it is where it is at now is because people see that it will obviously go up quite a bit from here. Just based on the initial valuation its worth about what it is at now. Its not going down from this point, at least not by any meaningful measure. It makes no sense from the perspective of total shares and initial valuation.
I'm guessing the reason both the price and volume have leveled off is because there aren't that many shares left to buy.
I have no issues with it smashing through the roof from here, I sold 50% of my initial purchase from this morning and will hold onto the rest. But all it takes is a bit of panic to create a waterfall. We'll see what happens.
I am not a prognosticator, but panic doesn't change the math.
The initial valuation is 1.7B. The initial number of shares is 30-55M (depending on warrants exercised). That puts the initial share value at $31-57 per share.
Panic doesn't change that number.
Whats the initial valuation based on? Cash on hand is what, $293 million. The rest of that valuation IS prognostication - the product doesnt actually exist yet.
That said, Trump's "good will" is priceless to me and a lot of others, and I like the smell of behavioral investing in the morning.
I'm in.