Creating sawtooth price volatility is a standard technique to drain a position in tranches without clobbering the price. Assuming you’re part of the team that’s able to steer whatever triggers that volatility.
After hours trading is currently on the Great Fire of London.
Someone bought 350,000 shares pre-market (8 am) and briefly spiked the price up. They paid $17.70 for a stock that was $16.58 at the time (hmmm). Things trailed off from there to a low of $15.30 but closed at $16.68. It was down 10.47% on the day. - figures from my Schwab acct.
Does their name rhyme with “Tootin’”?
First name, “Darn”?
Trump Media CEO Devin Nunes went to North Macedonia earlier this summer along with Chris Pavlovski, CEO of Rumble to meet with government officials. I’m guessing it wasn’t to discuss cows.
The article is particularly noteworthy for this surprisingly erudite response from a Trump Media spokesperson:
I mean - full kudos to that person. Who knew there were educated and witty people associated with Donald Trump?
Clear eyed prediction by Buck Godot. Subscribe to his investment letter! ( 
).
Trump is still whining about ABC News: he wants them to fire their staff.
Investors in Disney, ABC’s parent, don’t seem to care. But the Trump meme stock has tanked. MfM graphic:
I like that short-lived spike in DJT’s price the day of the debate. 
I read in NYT today that short sellers are getting walloped shorting the stock, even though it’s falling. Basically no legitimate money managers buy it, since it’s a meme stock. So when it comes time to buy the stock back, there isn’t any available. That tells me that there is very little liquidity due to low float (most shares are closely held and not traded - we can guess by who). With no efficient market for the stock, they are getting “short-squeezed”. This also explains the seemingly random run-ups in the stock.
It finally hit the lowest DWAC was 3 months prior to the switch to DJT.
I wonder how many of the original DWAC investors got out when the stock peaked after the merger. Any original investors still holding the stock have got to be regretting it. Haven’t really lost money but OTOH if they had invested in an index fund they would be better off.
Trump media is going through a sudden surge up 25% in the last 20 minutes. Is this one of those short squeeze’s @Jackknifed_Juggernaut was talking about or is it related to some bit of news? Checking on CNN I don’t see anything.
Also @Jackknifed_Juggernaut do you have a cite for what you saw in the NYTimes? I am curious as to the extent to which the short sellers are getting “walloped”. Is it to the point that they are actually losing money or is it that they are still making money but are making less than they would if there was more liquidity? (i.e. they sold short at $30 a share but even though the price had fallen to $16 they had to sell at $20.)
Trump is telling the rubes that he is NOT selling the stock. My guess is he is trying to shore up the stock price until he is able to sell, and by saying he isn’t selling, he thinks that will help to keep the price up.
Did he just make that announcement?
I will note that even if Trump doesn’t sell, there are other big players who have similar restrictions and any one of them has enough of it to crash the market. And they don’t seem the types that can stick together in this kind of prisoner’s dilemma type situation.
My talk is cheap prediction is that no one will sell on the first day and this will result in a huge rally out of relief. Then the players will start trying to unload their shares at the higher price, a little at first and then more as the price starts declining and more of them want to try to get the good prices, until the trickle becomes a deluge and prices drop to a little over the $7-8 per share floor that represents its cash reserves divided by its outstanding shares.
So if he does whip around and sell, maybe they can add securities fraud to the list of charges he’ll be facing.
And here is the video, over at Twitter-X.
Well, for fucks sake, can he stop asking for campaign donations now?
Could his statement be held against him? It seems vague in terms in the timeframe of his mindset. It’s stating how he’s feeling in the moment, which may be true. At this moment, he is not selling and he has no intention of selling. But tomorrow, he may feel differently. Without a timeframe, then it seems like it leaves it open for him to change his mind at any time. If instead he said he wasn’t selling for 1 year, then that’s a definitive statement. Certainly no one thinks that his statement means he will hold onto his stock forever and never sell.
“And this truth-telling Mr. Trump; is he in the room with us now?”
Whatever his public statements, he would be considered an “insider” for SEC purposes due to the sheer volume of shares he owns. There are additional restrictions on those folks.
As such, he would have to disclose any plan to sell his shares in advance, giving a number of shares, dates, etc. Theoretically this should also include disclosure to investors at least on a quarterly basis.
In practice, it is possible he might try shenanigans and hope to delay, delay, delay any SEC investigations, but it may be simpler to just keep the stock. Even if it bottoms out, it’s probably nets at least $100m without doing any actual work for it.
ETA: Note, this is how we know the company’s officers were looking to sell as soon as possible. They had to disclose those plans in advance and not just dump the shares on the open market.
I almost snorted out a late-afternoon rum & Coke all over my keyboard! 
The rubes seem to have forgotten that both Trump and the Trump Org are facing massive judgments against them. They’re not going away even if the Orange Felon prefers to pretend that they don’t exist.