Perhaps if you crossed Lamas with Mayor McCheese?
Looking at the stock price today I noticed that 20% has been shorted… that can’t be good
Wow, it really is … almost exactly like the NFT cards! I don’t think Trump would want to be portrayed as so overtly bisexual though. That’d lose him votes, even where fraud and incompetence hasn’t.
How can you tell? Is it that big $0.75 drop between 11 and 1?
It’s one of the metrics given by the marketwatch website - % of stock shorted…
Which looking at it just now it’s sitting at just below 17%, which seems unusually high to my untrained eyes
The short interest in DJT has been huge since day 1.
The fact it’s big today compared to e.g AAPL or GM is not very interesting. How it has changed, if it has changed, is the story to pay attention to.
With the tiny free float vs total shares outstanding, the short percentage was always going to be unusually high.
So here is that information and perhaps you can help interpret it.
It looks to me like short interest has increased a bunch in August. Many more shares shorted with smaller daily volumes traded.
Or am I misunderstanding the table?
IANA investment pro, but I don’t think you’re misinterpreting the table as far as that goes. But …
The fact the table has 1 data point every 2 weeks in data that is highly choppy on a day-to-day basis makes forming any trend conclusion difficult. Are we seeing a cyclical or secular trend, or a momentary spike? The data can’t tell us; the resolution is just too low.
Further, the “days to cover” (“DTC”) metric is low-side limited at 1. Why they did that is a mystery to me. It ought to be able to go down to 0.001 or something so all the data remains compatible.
Doing the work to convert the displayed "1"s to their actual decimal value between zero and one, we can see over the ~1 year timespan the DTC has jumped between about 0.33 and 20. That’s a 60-to-one range of DTC. Which is nuts.
As I think about this more, I wouldn’t be surprised if Trump doesn’t sell anything.
What’s more valuable to him - a personal valuation of several billion, or getting a few extra million in cash and killing the company?
If he sells, he drives down the price to nothing and looks like a failure. If he holds onto it, he moves up on the richest person lists and gets to brag about all his billions.
How many upteen different companies has he bankrupted/driven into the ground? At this point, total financial collapse of a company that he was the last rat to jump overboard on is his total measure of success.
Agree w the first sentence. But as to the second, him holding his stock only leaves him with a high valuation while everyone else also holds their stock.
This is, as said so often by so many above, a prisoners’ dilemma. But in this case most of the prisoners are pirates. Folks not known for patience, fair dealing, nor general bonhomie.
I think the price is going down if he sells or not. Other folks who hold shares that they are able to sell soon are going to cash out, that’s for sure. 115 million Trump shares at 20 cents a share = 23 million dollars. Not exactly chump change to you and me, but it’s not going to make a dent in the richest person’s list, or even a dent in the amount he owes due to court judgements.
Patience, caution, financial responsibility, and giving up short-term profit to get a long-term benefit are not traits you’d associate with Donald Trump.
He’s gonna sell ASAP.
If his buddies all sell, what does the price go down to? $10? $5? I don’t see it going much lower as long as Trump holds and continues to hype it (pending election results, of course). So he’s still probably pushing a $1B valuation at that point.
Don’t get me wrong, I think it’s going to continue to drop. But whatever Trump could sell it for is worth less than the overall value to him of keeping it.
The stock closed at $16.98 yesterday. It seems to be tanking. If Trump loses it will become a penny stock. Or less.
Noted in the other thread: based on cash in hand, the stock has a floor of around $1.70. It shouldn’t go lower than that unless something changes (like they manage to burn through all their cash).
I think you nailed it Hari.
Quoting myself for context from the other Truth Social valuation thread:
August 22nd:
Sep 3rd:
And now today, Sep 5th:
In the last 5 trading days (net of the holiday, so Thu opening last week to Thu closing this week), the SPX is down ~1.6%. DJT? Down ~14%.
So fraudster donny’s memestock con is now losing ~10x better than the SPX. He truly is a winner at losing. Such yuge losing that only a winner such as he could possibly engineer.
I would not be at all surprised to see this cash disappear fairly quickly into someone’s pockets. (Maybe as a “bonus”)
It’s all a grift.
Yeah. They’ll shoot the wad “spending” it on all that streaming infrastructure. Bought in an arm’s-length tranaction from a company named "trumpy IT infrastructure " incorporated in the Bahamas yesterday.
After a small rally last week, DJT stock opened today nearly $3 down from yesterday’s close. It’s hard not to see that as a proxy for how people felt he did in the debate last night.
According to Forbe’s, he can sell stock as early as September 19 if its price stays above $12 until then. Even with today’s hit, that seems likely – to me anyway – so we should have an answer to the OP pretty soon.