Just Politics

[BullNBear52]

An investor says he put 98% of his retirement funds in Trump Media stock and won’t bail because Trump has a ‘secret’ plan

https://finance.yahoo.com/news/investor-says-put-98-retirement-100700856.html?soc_src=social-sh&soc_trk=ma

Trump-supporting retirees have gone all-in on investing in Trump Media, even as the stock has proven to be volatile.

One user, who only goes by @DTLjohnny, said on Trump Media-owned Truth Social he sunk 98% of his total retirement into the stock. As of September, he estimated he had lost 60% of his investment. Nevertheless, he seemed confident in the company’s ability to right its sails.

"But I knew this day would come when the Deep State crooks would become so desperate that they would shove all-in with their counterfeit shares. Everybody can see what they’re doing. And I believe this is part of the plan of full exposure,” the user wrote in September. “And there ain’t no way Trump’s letting them bankrupt his company! Have faith. He and [Trump Media CEO Devin Nunes] have a plan. But it’s a plan that they have to keep secret…for now.”

He likely recouped a big chunk of his losses. Shares soared more than 300% from a late-September low to late-October high but have since retreated about 40%.

Another investor expressed concern about the stock. John Viaud, a South Carolina retiree, said his “entire pension is in jeopardy” after losing $600,000 on investments in Trump Media.

“If we don’t see a green day tomorrow I may need to bail,” he said in a Truth Social post in September......