March 28, 2024

DJT Stock Humming Along

Democrats would love to make Donald Trump penniless, and you know they were all hoping Trump would fail to satisfy the massive fraud judgment against him.

Had the appellate court not ruled in favor of Trump, time was just about out and Letitia James was licking her chops at the opportunity to start seizing Trump properties.

In addition to the appellate court win, Trump also had his net worth double in just a few days, with DJT soaring on the NASDAQ exchange.

Big Week for Trump

Donald Trump is having a pretty good week, all things considered.

With time running out for Trump to pay a $464 million judgment, the appellate court stepped in to bail him out.

The court ruled that rather than paying the full amount, Trump only needed to secure a bond for $175 million, which should be fairly easy for him to do.

This had to be crushing for New York Attorney General Letitia James, who had already put the wheels in motion to be able to start seizing Trump’s properties if he defaulted.

The real worry here was that with the low valuation James had for these properties, she would have been able to just about wipe out Trump’s entire portfolio.

The next blow for Democrats was DJT hitting the NASDAQ exchange and absolutely blowing up for its first couple of days of public trading.

By Wednesday’s close, Trump had more than doubled his net worth, with his stake in Truth Social being valued at more than $4 billion.

Trump, however, cannot move that stock just yet, as he has a six-month freeze on the stock as well as banning it from being used for collateral during that period.

If Trump wanted to sell some of his shares, he would have to get an exemption from the board, and I don’t see that happening right now.

I also found it rather amusing that the Biden campaign started attacking Trump for his financial woes, yet it was Trump who came out way ahead in the end. So Joe and his team better find a new angle because it is Trump right now who is rolling around in cash.

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