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.
So, it’s been a while since we checked in with how Trumps social media empire was doing. But circumstances demand that we raise a glass to toast a new milestone (or perhaps millstone) in DJT’s journey.
Today DJT lost 10% of its share price to reach a new record low of $9.91, a loss of 90% (or of 1,000% if you use Trump math) from its all time high of $99.03. More importantly this brings its price below original investment price of $10.00 per share that the original founders put in, and even lower than the $9.95/share that remained in the slush fund when they went public. It is now official that they would have been better off stuffing it under a mattress (for schadenfreudistic purposes I’m ignoring the fact that most of them probably sold a bunch of their shares early and made out like bandits leaving gullible MAGAs as the real losers).
But we do have to be careful since price isn’t the only thing to look at when determining whether an investment in a company paid off. You also have to look a dividends. Now as a modern company of the 21st century new economy DJT doesn’t worry about such old-fashioned things as making a profit. So they don’t actually have any money to post any real dividends, but back in December they did promise that shareholders would receive a “Digital DIvidend” in the form of a digital tokens, handed out as one per share, and managed by a crypto exchange. Sounds great! An opportunity to get on a crypto currenc on the ground floor before the speculative frenzy sets in. Time to buy a few extra shares to get in while the getting’s good.
The thing is that if you read the fine print, the digital tokens can’t be sold or transferred so have zero investment potential, their only use is they may make the owner eligible to some yet unspecified discounts or prizes. Also in order to claim your tokens you need your name and address. So really it’s just a way to bump the stock price (obviously didn’t work) and harvest names of particularly gullible Trump supporters who aren’t good with money for further fleecing.
Oh, and speaking about gullible people who are bad with money, DJT price did get a big spike around December 20th when they announced their merger with TAE Techologies working on Fusion power. Who has promised to build a power plant in 2026 and have it sending power radiation free power to the grid by 2031. The consensus is that Musk probably has a better chance of getting his man on Mars by 2026, then these guys do of providing economically viable power production. Considering the odds stacked against them, they barely have a working prototype, the kind of fusion that they are proposing requires 25 times higher temperatures than the usual methods (which also are decades or more away from viability), and more importantly they are so desperate for funding that they actually thought that getting in bed with Trump is a good idea.
It’s like going to the Mafia for a loan but worse.
The Mafia is a lot more competent, and probably breaks fewer laws.