'It's a coin toss': Truth Social investors are 'truly uneasy' stock could become worthless

With the value of stock in Trump Media & Technology Group Corp, the parent company of Truth Social, already having lost 80 percent of its value, investors big and small are casting a wary eye at the November election where a Donald Trump loss could make their investment go up in a puff of smoke.

According to a report from Politico's Declan Harty, investment advisers are cautioning their clients that the stock could equally be headed for boom or bust, with one telling Politico everyone involved is "gambling on the election."

As Harty explained, Trump has already told reporters he has no plan to sell off his majority stake, currently valued at approximately $1.6 billion but, as Interactive Brokers Chief Strategist Steve Sosnick dryly explained, "He’s, shall we say, a mercurial person,” before adding, "So it’s not 100 percent clear that he won’t change his mind — or hasn’t changed his mind.”

ALSO READ: Trump will deflate like the Hindenburg after losing in November

Aside from that, there is the election just weeks away.

“The calculus that investors are asking themselves is: Is he going to be reelected or not? And right now, it’s a coin toss,” stated Gene Munster of Deepwater Asset Management before elaborating, "This is binary — there’s no middle ground in this kind of investment. It’s even hard to call it investing. This comes out to basically gambling on the election.”

“If you’re an investor and you’re looking at what’s ahead, there is this massive unknown. Even if you say you’ve got a 50 percent chance of being up 100 percent and a 50 percent chance of being down 100 percent, that’s just a bet that most investors probably don’t want to take," Munster continued.

Tuttle Capital Management CEO Matthew Tuttle warned Truth Social without Trump is not a good bet.

“Even without Elon Musk, Tesla’s got something, Without Trump, this stock has nothing," Tuttle bluntly stated.

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