Investor Jerry Dean McLain remains unfazed by recent stock price drops in Trump Media & Technology Group’s Truth Social, having invested his entire savings of $25,000 two years ago at $90 per share. Despite the stock plummeting from $66 to $32, McLain is determined to purchase more shares, citing his faith in former President Donald Trump’s vision and anticipating a potential surge in the stock price.
McLain is not alone in his unwavering support for Truth Social, as many investors view their stake in the company as a symbol of their allegiance to Trump and his business endeavors. Despite Trump Media’s $58 million loss last year on minimal revenue, retail investors continue to rally behind the company, expressing their confidence in its mission.
While some investors attribute the recent stock fluctuations to manipulation and anti-Trump sentiment, others like Carol Swain believe in standing by Trump amid challenges to his financial stability. McLain, an amateur trader, envisions the stock reaching $1,000 per share in the future, emphasizing his trust in the company’s leadership and future prospects.
Despite the uncertainties and financial setbacks, investors like McLain remain steadfast in their commitment to Truth Social, convinced of its long-term success. As they weather the current market conditions and navigate the volatility of the stock, these investors exemplify their unwavering support for Trump and his media venture.
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