Dow Jones Transportation Average Index discussion
DJT down almost 17x as much as the market today. I'm still trying to convince you. I'll just give you this illustrative tidbit from the balance sheet...In Q1 2024, the company reported a loss of $327 million on revenues of $770,500. That comes to losses being 424x revenues. Just to put that in perspective, at 770k of revenues per quarter, it would take this stock over 100 YEARS just to make back the money it lost in THREE MONTHS, even if you assume they have $0 in expenses along the way. I mean come ON! How can that balance sheet fact alone not convince you that this is a one way ride? Save what's left and ride a different ride.
DJT if this drops below 14547 then it will trigger a huge risk for stock markets to plummet.
DJT Interesting area for DJT - Could be H&S. However, strong trendline support as well. One to keep an eye on! 