It’s Election Day, traders degenerates, and while the nation clutches its pearls, the stock market is doing what it does best—bouncing around like a caffeinated squirrel (speaking of, did you see that squirrel execution story trending on Twitter? Dark times). 

Anyway, let’s cut to today’s main character: Trump Media & Technology Group (ticker: DJT), a meme stock that’s been whipsawing harder than a used car dealership inflatable.

Over the past week, DJT stock has been more up and down than a Kardashians episode. After crashing 41% in just three days, taking $2.4 billion off Trump’s net worth, it managed to stage a surprising 12% rebound yesterday. Wall Street’s reaction? A quiet cup raise, as if to say, “Maybe a Trump win could breathe life back into this stock.” And today, as the nation votes, DJT’s creeping up again, with traders gambling that a Trump victory could pump the stock even more.

But let’s not screw around—DJT’s performance is about as tied to Trump Media’s business fundamentals as I am to running a marathon. It’s basically a political magic 8-ball: if Trump’s chances look good, DJT rallies; if they’re gloomy, it tanks. As Steve Sosnick, Interactive Brokers’ chief strategist, put it, this stock is “basically a binary, leveraged election wager.” In other words, traders are betting on Trump pulling off a win, not on Truth Social suddenly dethroning Facebook. (Thanks for the hot take there Steve.)

Truth Social, Trump Media’s main asset, doesn’t exactly have the numbers to back up DJT’s $6 billion valuation. For some context, it’s bringing in around $1.6 million in revenue this year, which is what Facebook probably makes from a single ad on a Tuesday afternoon. And user base? Truth Social’s roughly 698,000 active users are a drop in the ocean compared to Elon Musk’s X, which has around 70 million active U.S. users.

But does that stop Trump’s die-hard fanbase or the WallStreetBets crew? Of course not. Jay Woods, chief capital strategist at Freedom Capital Markets, went as far as calling it “GameStop on steroids.” He’s not far off. DJT has been the hottest stock on Reddit all week (cue the theme song: I used to pray for times like this…).

For Trump, this election is way more than political, it’s also a question of billions. If he wins, DJT could soar even higher, padding his paper fortune and keeping him in the billionaire’s club. But if he loses? Well, according to Matthew Tuttle, CEO of Tuttle Capital Management, it could “go to zero.” (You don’t say Matt.)

So what’s next for DJT? Well, that all depends on tonight’s election results. If Trump pulls off a win, we can expect DJT to go on a tear (I predict a 100% move, mark that down) as traders rally behind the idea of Truth Social being the “free speech beachhead” of a second Trump term. But a loss? That could send the stock back into the ground like when the Bed Bath and Beyond memestock hype ended abruptly.

PS: Our “Wild Friday” alert delivered a 116% move in just minutes… And our Election Day Squeeze Alert is dropping any moment. Based on what our systems are showing us, the election day volatility is going to be WILD. Click here for the details on how to become a Stocks.News Premium Member before the next trade drops.

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