I asked what that tells us with respect to the 6.2 million trades in DJT whithin 90 minutes, and I still wonder what that means. Some algotrading going on but to what purpose? How was it programmed, with what parameters? IDK. Note to self: Worth keeping in the back of my mind.
Now concerning what does it mean that newsmax went up 2500% and down again in three days tells me that I am living in a time where this is possible. Potilical orientation can move markets easier than before and fraudsters are able to take advantage of it. That was not so blatant not such a long time ago. It feels like bad news to me.
A technical question:
When I quoted
that means the company notified the intention, and now will proceed to do it, ie sell the shares. They don’t need approval. It is not like a M&A procedure when a monopoly or market dominant possition would be investigated? They are not talking of selling in bulk to a state held fund from, IDK, Catar or Saudi Arabia or something?
Would a sale in bulk to one single buyer require approval from the SEC?
I noticed that the stock closed on the Great Fire of London again today. But it is currently 9 years earlier in after hours, which puts it at the Great Fire of Meireki.
Maybe they figure they’ve squeezed enough blood from this fossilized turd and are raking so much in from crypto scams that’s it’s not worth bothering with.
When it gets down to $12, the range to make money on a short gets real slim, compared to the multiple it might go up to if somebody sticks their big fat thumb on the scale hard enough. IMO the shorting opportunity closed at about $50.
Is there any particular reason to think that price level means anything?
If anyone remains who did buy at the issue price on Day 1 they’ve had lots of chances to bail at a profit. IMO if they’re still in it, they’re holding those shares for political or corruption reasons, not financial ones. Such that crossing the issue price threshold is not meaningful to their reasons and hence won’t provoke a change in their behavior.
Still, it’ll sure be perversely fun to watch DJT preside over another business failure that somehow enriched him and no one else.