Or buy put options, which are correspondingly overpriced.
Which may explain the recent rise in price, i.e. a short squeeze.
ETA: Which I see you covered in your next post.
The plot thickens:
Trump Media co-founders sue company, alleging a scheme to dilute shares (msn.com)
Shorting really only works in cases where you’ve figured out that there’s a problem with a given stock, that no one else has figured out, and which they likely wouldn’t believe even if they notice you short selling.
With this thing though? Everyone has been predicting some form of doom and/or gloom since the beginning. No way would I try to short it in a marketplace where everyone is contemplating shorting it.
The trouble with working with a bunch of scammers is that eventually, everyone tries to scam everyone else.
It’s scams all the way down.
Eh, I figure the co-founders, as always with team Trump figure the leopard won’t eat their faces, after all, they gave him 90% of the money for his star power while they did all the work. Surely (major /sarcasm) that would be enough in this case, riiiiiight?
Personally, I believe they considered it a gamble, and now that it finally looks like it would actually work, want to cash in, but that’s exactly the point Trump backstabs you historically. And if they work too hard to protect their interests, the whole thing might stall and they get nothing. So figure they’re currently angling for the “Fine, you’re going to Fuck us. We can stall this a looooong time (we learn from the best!) and maybe make it collapse on it’s own. So settle, and buy out our share for $XXX, because YOU need this to go through right now a LOT more than we do. Clock’s ticking!”
I know we’re long past this post, but I wouldn’t be able to rest if I didn’t say it:”Trulips.”
Twulips for the win.
Ha! Reminds me of the 4chan dating app which was released last year. Judging by the testimonials on their home page, not even 4channers are using it! https://duolicious.app/
Trump announced intentions for new streaming platform.
Weird as it is up today over 17% as of now.
It has been tanking for the last 2 weeks until today.
No matter how bad the news or fundamentals, stocks rarely go straight downward. There’ll usually be an occasional rebound for a day or two. There’s even a name for this phenomenon:
Plus, it’s a highly shorted stock with a small overall float, which can result in short squeezes that push the price higher.
Didn’t Mike Pillow also try that?
I didn’t read the article, but I remember that he wanted to start Trump TV.
I certainly wouldn’t want something connected with Trump to be involved in illegal activity!
I’m sure it has improved from a year and a half ago… Right?
Every time I see this title now I think:
But Cricket’s dead. Kristi Noem shot her!
Republican Donors, private companies with Russian ties; giving a boost to Truth Social. Interesting (standard disclaimer: corrupt = Rumpt) story on how the miracle of video streaming will come to this bankrupt, declining propaganda source. Especially informative was how some of the companies/persons in the background web went dark as soon as the questions started.
Streaming Service? This oughta be good! I bet it doesn’t happen… but PLEASE do.