Googled a bit to find a Foxtrot this reminded me of.
What’s the stock manipulation scheme by the Deep State driving the price down that many of them are convinced of? How exactly is the Deep State pulling this off, supposedly?
George Soros’s dark magic, undoubtedly.
This entire fiasco is great evidence of just how massively the game is fixed for the rich. Not that I feel bad for idiots who invested in a stock so obviously overpriced. But the entire game is rigged in favor of the already wealthy.
It is like they write the laws and own the lawmakers or something. Which is sadly, mostly true.
But small investors are allowed to ride their coat tails and do well themselves. Anyone buying Truth Social was a complete idiot or willingly making a contribution to Trump.
The really sad thing is that $25,000 is described as pretty much his whole nest egg – that’s not much of a nest egg for a 71-year-old even if it’s invested sanely instead of flushed down Trump’s gilded toilet.
Watch the movie “The Hudsucker Proxy”. The goal is to drive the company price down and then the board members buy the stock for very little and then they own it all and make a fortune.
Dark State-101
I haven’t seen that one, I’ll take a look. The “have the stock crater” schemes I’m aware of usually entail insiders “leaking” false info that actually triggers the fall. Stuff like “there are reports that the major stockholder is planning to liquidate his holdings.” Followed by panicked shareholders who assume there’s something terrible coming. Is it something like that?
I realize there isn’t likely to be a rationale answer, but I was wondering what the MAGA investors thought the stock manipulation was here. And if there is such a scheme afoot, they should be buying more (which the article points out, some of them are).
I had the same reaction $25K wasn’t going to keep him in sables and caviar. Maybe that’s part of his motivation—i.e., might as well roll the dice since the existing nest egg ain’t much.
It’s a fun movie but to be sure it is mainly a light rom-com. But it does show it is possible to have a reason to drop the stock value. I am sure there are other schemes.
You appear to be saying that it’s bad to instantly accept any explanation that you find reassuring. Why is this? Is this some sort of liberal critical thinking that you’re advocating? Liberals are big on critical thinking, as a twitter conservative once informed me.
WAPO quoted some posters over at Truth Social. The conversation went like this. I paraphrase:
Poster B: I’m embarrassed to be so “deep in the red”. Why is everyone acting like everything is fine?
Poster N: “No [one’s] fine with it, but we are DJT now. The deep state is making their run at Trump… and us.”
I think the Deep State are short sellers in this discourse. WAPO reached out to the quoted posters and received no response.
Here’s another take:
Carol Swain, a prominent conservative commentator in Nashville who previously taught political science at Vanderbilt University, said she invested $1,000 in Trump Media stock earlier this month, at $48 a share, over the objections of her financial adviser, who predicted the stock would dive. …
She, too, suspects stock manipulation, arguing that “the people who hate Donald Trump would do anything to try to hurt him.”
The point: those blaming the Deep State have no particular mechanism in mind. Someone who has the temperament to look for explanations would be discussing business fundamentals not their avid belief in the former President.
Well, that part is true. I know I would.
Yeah, I saw that, but I believe a run on short transactions is typically a trailing indicator of a stock that is already deemed by the market and analysts to be poised to ride the elevator down. I foolishly thought there might be some sort of logic, even if implausible, beyond the standard “it’s the Deep State.”
Nope, that’s the jist of it. Of course, we’re talking about people who want to give their money to someone that they believe is a billionaire, and that riding that coattail will bring them fortune. Suckers, marks.
and let’s not forget Crooked Joe and his crime family* … I mean they surely call him crooked for a reason, right? … right?
/* band name!
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no, rigged in favor of people who know finance and the risks and opportunities of the stock market (and its derivatives)
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Is it me or do I pick up a distinct MAGA “we need a bigger state / more regulation” vibe?
The Deep State is keeping DJT low by not buying any.
I honestly thought this was going to be an Onion story.
Do you imagine there are tons of people who "know finance and the risks and opportunities of the stock market " that aren’t wealthy? Welcome to capitalism.
This is what you get when you invest in a guy who went bankrupt selling booze, gambling, and steak to Americans.
In order to take advantage of the opportunities of the stock market, you must first have wealth. If I’m penniless and scrambling just to keep food on the table and a roof over my head, it doesn’t make the least bit of difference if I know the procedures for making a huge return on investment via a SPAC.