Anonymous wrote:Anonymous wrote:Down 60% since last week. Some days it really does feel like a fleecing.
Fleecing who? Anybody who is investing in anything Trump is offering, after he has screwed investors for decades and run businesses into the ground, is beyond help. At this point they deserve to be screwed
Anonymous wrote:Down 60% since last week. Some days it really does feel like a fleecing.
Anonymous wrote:If you look at the option chains, you’ll see that the premium on puts is very high. This is a very strange combination of circumstances where puts are expensive, but the stock is going up.
Anonymous wrote:What’s amazing is that they were able to grow to two million daily users despite having the ridiculous name “Truth Social”. And competing against X/Twitter as a less censored social media site.
Anonymous wrote:And again: like everything else Trump touches, this will go straight in the crapper. The last time Trump run a publicly traded company, he went bankrupt operating casinos.
Casinos.
Anonymous wrote:As we leaned from GameStop, shorting a stock with lots of retail investor interest can lead to huge, theoretically infinite losses.
In the meantime, Trump’s personal holdings of 78.5 million shares are worth $1.8 billion more than they were yesterday. Wow.
Anonymous wrote:Anonymous wrote:Anonymous wrote:^^People are buying the stock for pragmatic reasons, not to support Trump, although I'm sure his supporters are buying it too.
What possible pragmatic reason is there to buy a stock at these levels that loses $50M a year with no prospects to improve on that number?
Pump and dump. Institutional investors will bail out soon.