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Trump Media shares halted after sudden DJT stock plunge
(www.cnbc.com)
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this post was submitted on 15 Oct 2024
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There is nothing about "the dead cat bounce" that requires it to going to zero, only that it be a long term falling pattern with a brief uptick at some point. . . which we're arguably seeing today.
However, the real problem is not so much the Y axis, as this is extremely typical of ticker views, but the X axis, as this is "downward trend" is being viewed over just one day. It hides the fact that the stock is up 50% in in the last month. I doubt Trump is sweating this drop too much.
We're once again seeing how easily manipulated lemmy users are, and how little they actually look into anything themselves, or how quickly the rush to conclusions about things they don't understand.
Lemmy users are, for a large part, former or concurrent Reddit users who did not like some action or another taken by the corporate administration of that platform, it would be a mistake to assume that they are somehow less liable to manipulation or jumping to conclusions that users of other social media merely on account of a somewhat anti corporate slant
While I absolutely agree, I find the "average poster" here to be at least as gullible as the average redditor. But not quite as bad as the "average /r/conspiracy" poster, but getting pretty close. My experience seems to be the more adamant people are about their beliefs, the more open they are to confirmation bias.
This was kind of my opinion. I don't pretend to know a lot about stocks, but when I look at a 1Y view and see the stock had doubled, and like you said a 50% increase in the last month, this looks less dramatic. I don't doubt it has something to do with a negative reaction to his latest rally, but I'd wait at least a day or two before I assumed this was a major setback for his stocks. Obviously, I'm not day trader material.