Options are derivatives… at the right price everything is for sale.
https://finance.yahoo.com/quote/DJT/options
Posted on 04/19/2024 8:11:16 AM PDT by zeestephen
Trump Media CEO Devin Nunes in his letter to [Nasdaq CEO] Friedman did not directly accuse anyone in particular of naked short selling, which is the [short] sale of stock without first having borrowed [the stock] for that purpose...But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."..."This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes said.
(Excerpt) Read more at cnbc.com ...
The guy had the intent of shorting the stock to bankrupt the automaker and enriching himself in the process. The automaker in the prior years had been buying up it’s own stock, limiting the available stocks in private hands.
The guy did his naked short sell and the automaker bought up the stocks he did not own.
Automaker’s stock value increased and there were no more stocks for the scammer to try to buy back to limit his loses, causing him to own $millions.
The Feel Good ending to the thread was the guy stepping out in front of a moving train.
DJT stock manipulation began after news reports that Trump made 3 billion when it went public. I have no doubt that’s why the stock has fallen. From the comments, I would say that Citadel is the most likely criminal.
I hope they cause a short squeeze like they did with GameStop. That will teach them another lesson.
An actual “short” is you borrow the stock and sell it, hoping to “cover” at its expected future lower price. The risk is significant, because you face theoretically infinite loss if it rockets upward but a hard finite gain if it goes bankrupt.
If the short is “naked” the institution is loaning shares it does not currently have in hand for you to sell. The SEC turns a blind eye to this because they still end up with the transactional fees from the bookkeeping exchange of the shares.
Over the past 3 or 4 decades, particularly with the advance of electronic trading, thousands of smaller US companies have been destroyed/stolen by naked short selling. The existence of the short sales puts “self fulfilling prophecy” downward pressure on the share price, the company then is subsequently delisted or snatched up in a raid that transfers control.
Check the open interest. That would be the number of contracts to sell.
Meanwhile allegedly one must be able to borrow stock to short sell it. I recall my BIL complaining that his company had more stock shown as shorted than the entire float of the entire company. Nothing was done about it but the shorts caused the insider owners to lose a lot of money delaying their ability to issue a secondary or borrow.
Look like word’s gotten out on this. Stock’s gone from 23 on Tues to 35 today.
It’s going to accelerate as its squeezed. Wouldn’t be surprised at $500 by the end of the month. Lol. Man, they F-d up big time!!!
Volume will be double today. Know if WSB is on it yet?
Options are derivatives… at the right price everything is for sale.
https://finance.yahoo.com/quote/DJT/options
“Company ought to make a movie. Produce.”
Like AMC during the pandemic shutdown?
AMC was getting shorted by Citadel and others. The Retards-of-Wall-Street-Bets didn’t like that. They couldn’t go to see Marvel and associated fantasy movies during Shutdown. Their main socialization venue was closed. The Retards got angry. They clenched their fists so hard they created diamonds.
The rest is history.
Citadel lost billions.
If DJT is really getting naked-shorted by Brandon and his cronies this could be EPIC!
First rule of being an attorney;
Never ask a question for which you do not know the answer. You learn things that way.
So how do we get MAGA nation to buy shares of DJT to screw the naked shorters?
On the whole, they’ve cracked done on naked shorts to some degree but it is still rampant.
DJT tanked to $12.40 on June 23.
DJT traded above $37 today, April 19.
That is a TRIPLE in three weeks.
Hopefully, the Democratic National Committee (and the Biden Crime Family) gambled all their loose cash on the DOWN side!
As I write this, DJT has never made a profit.
It might do really well in the future - or - DJT might crash and burn.
At this point in time, only MAGA speculators who can afford to lose their entire investment should risk money on DJT.
I knew when Trumps stock hit billion that they would go dirty and make his stock drop.
short lived since it’s up 60% in 3 days!
warms my cockles :)
It’s gonna be!
Did not find that story of the naked short, but at that time in 2008 some hedge funds tried to short squeeze Volkswagen and lost $30 billion in their failed attempt.
be sure to watch Eat the Rich which is a 3 episode show on Gamestop. Really good to see the bad guy PAY. They’ll pay on the DJT short too
GameStop played out here on FR back when.
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