| Biggerboat1 said: If ever we needed further evidence that the MAGA contingent ain't the brightest, the current share price of Trump Media & Technology Group is a shining example of cult mentality > reality. |
Let me preface this response with my self awareness that I'm a newb investor. A tiny ignorant fish with a Robinhood account swimming in the ocean of Stocks / Crypto.
It seems like it to me that, yes, there have been better stocks to short. At least right now, 5 months from now you very well could be right.
From this Times article which is decent for those that aren't super familiar with shorting, warrants, and options.
"The parent company of Truth Social is a popular target for short-sellers, even after they lost $100 million last month betting on a decline in the stock that didn’t come."
"Last month, traders lost $126 million betting against Trump Media, according to S3."
As the article points out in not so many word performance does not always equate to stock value. i know I've seen plenty similar to this one where looking at their business metrics vs value vs stock performance leaves me scratching my head.
Only 5 million of 137 million shares are in play. I absolutely believe at some point Trump dumps them (82.2 M shares) and doing what he's done before, hurt others to make a buck himself. At least I've heard of numerous instances of Trump stiffing contractors and reporting inflated values on his holdings.
Again big grain of salt with this response. I'm still trying to learn.
Last edited by The_Yoda - on 04 April 2024
