The Barbarian
Crabby Old White Guy
- Apr 3, 2003
- 26,666
- 11,722
- 76
- Country
- United States
- Faith
- Catholic
- Marital Status
- Married
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- US-Libertarian
Today's winner.They love him, but they’re using protection.
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Today's winner.They love him, but they’re using protection.
From the article:Trump Media is the most expensive U.S. stock to short — by far
For comparison, the average stock borrow financing cost for a short position was just .71%.
- Investors who wanted to borrow Trump Media shares to sell them short on Wednesday would have had to pay financing costs of between 750% and 900% of the price of the stock annually, said Ihor Dusaniwsky, managing director of predictive analytics at S3 Partners.
“People are looking for an extraordinary price drop in an extremely short period of time,” he said. “If you’re talking about holding your stock for a month, the stock has to drop by more than a half for this to be profitable.”
But getting shares to borrow to sell short is increasingly difficult. Out of about 5 million shares of Trump Media available to short, 4.94 million have been already borrowed, which drives up the financing costs.
“This is now a squeezable stock because the shorts are losing money, the interest rates are so high, and there’s also a recall risk,”
lololTrump is booted off Bloomberg’s Billionaire list after Truth Social stock price dives
Compared to its peak late last month, the stock has now dropped more than 50 per centwww.independent.co.uk
whomp, whomp.
I dont understand the confidence implied by that !Wall Street loves DJT!
Today's a lousy day for my portfolio (and a lot of people's) but not THAT bad.lolol
and it's still falling
and why did the entire market take a dive (GASP not just DJT)Today's a lousy day for my portfolio (and a lot of people's) but not THAT bad.
From the article:and why did the entire market take a dive (GASP not just DJT)
Stock market today: Wall Street falls after hot inflation report
U.S. stocks are sinking Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend.www.wivb.com
That's right boys and girls - your retirement and investment portfolio had a lousy day because of Bideninflation
Good Job Joe - atta boy!
The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%.
Less than 1%? The Horror! The Horror! And republicans wonder why people laugh at them. Here's what matters:That's right boys and girls - your retirement and investment portfolio had a lousy day because of Bideninflation
Did you blame the record highs on Biden?and why did the entire market take a dive (GASP not just DJT)
Stock market today: Wall Street falls after hot inflation report
U.S. stocks are sinking Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend.www.wivb.com
That's right boys and girls - your retirement and investment portfolio had a lousy day because of Bideninflation
Good Job Joe - atta boy!
Hey now, short sellers are “wall street,” too.Mods, I feel like the title of this thread should be changed as it does not reflect the reality of the situation.
1% is a "dive"?and why did the entire market take a dive (GASP not just DJT)
Stock market today: Wall Street falls after hot inflation report
U.S. stocks are sinking Wednesday on worries that what seemed like a blip in the battle to bring down inflation is turning into a trend.www.wivb.com
That's right boys and girls - your retirement and investment portfolio had a lousy day because of Bideninflation
Good Job Joe - atta boy!
"That's different!"Did you blame the record highs on Biden?
The formula is simple: good economic news during a democratic administration is in spite of them being in office. Bad economic news during a democratic administration is because of them. Reverse the two with a republican administration."That's different!"