Wall Street loves DJT!

[The Barbarian]

They love him, but they’re using protection.

Today's winner.

 

[essentialsaltes]

Trump Media is the most expensive U.S. stock to short — by far​

• 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.

For comparison, the average stock borrow financing cost for a short position was just .71%.

“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.”

 

[iluvatar5150]

Trump Media is the most expensive U.S. stock to short — by far​

• 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.

For comparison, the average stock borrow financing cost for a short position was just .71%.

“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.”

From the article:

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,”

Some funny comments on WSB about whether this is the time for a short squeeze or if it's better to keep watching it fall. Consensus seems to be that it's gonna keep falling.

 

[The IbanezerScrooge]

Trump 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 cent

www.independent.co.uk

whomp, whomp.

 

[iluvatar5150]

Trump 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 cent

www.independent.co.uk

whomp, whomp.

lolol

and it's still falling

 

[durangodawood]

Wall Street loves DJT!​

I dont understand the confidence implied by that !

I mean how could anyone be surprised by this things decline?

 

[essentialsaltes]

lolol

and it's still falling

Today's a lousy day for my portfolio (and a lot of people's) but not THAT bad.

 

[hislegacy]

Today's a lousy day for my portfolio (and a lot of people's) but not THAT bad.

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!

 

[iluvatar5150]

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!

From the article:

The S&P 500 lost 0.9% Wednesday. The Dow Jones Industrial Average gave back 1.1%, and the Nasdaq composite fell 0.8%.

The market fluctuates by a percent or more all the time. Where did DJT end the day? Down 8.57%.

 

[The Barbarian]

That's right boys and girls - your retirement and investment portfolio had a lousy day because of Bideninflation

Less than 1%? The Horror! The Horror! And republicans wonder why people laugh at them. Here's what matters:

Wages growing faster than inflation. Bidenomics.

 

[iluvatar5150]

Two weeks of this and it's still funny.

 

[essentialsaltes]

Two weeks of this and it's still funny.

View attachment 345678

The price in the OP implies a market cap of $9.9 billion. Currently $4.5B.

More than five billion dollars of hypothetical value evaporated. Four and a half to go!

 

[mark46]

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!

Did you blame the record highs on Biden?

 

[essentialsaltes]

Dipping under $30.

 

[durangodawood]

Look^^^ how awful Biden is for the economy.

 

[rambot]

Mods, I feel like the title of this thread should be changed as it does not reflect the reality of the situation.

 

[iluvatar5150]

Mods, I feel like the title of this thread should be changed as it does not reflect the reality of the situation.

Hey now, short sellers are “wall street,” too.

 

[rambot]

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!

1% is a "dive"?

380 is something you feel the need to call a "lousy day"?

 

[The Barbarian]

Did you blame the record highs on Biden?

"That's different!"

 

[Desk trauma]

"That's different!"

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.