Trump Media/Truth Social and DWAC merge under the new ticker DJT...

You could absolutely be right. Hedges are a gutsy bet. Be careful

 

My wife is a finance prof & teaches courses on options trading, etc. We've never shorted a stock in our lives, bought options or hell, I caint 'member the last time we even bought an idv stock. The stock mkt is pretty efficient. Successful traders trade in thin, info poor mkts.* The line on shorting is, "yeah, I can tell when a stock is over-valued, but I caint tell when everyone else thinks it's over-valued."

* excess plane & ship cargo capacity, pipeline capacity, refinery capacity, etc. 'ats where the money's at & the assholes aint

 

I don’t think so.

 

Cancellation of indebtedness income in bankruptcy usually knocks out the NOLs.

 

Speaking engagements and books.

 

Call your stockbroker.

 

He’s funny and all, but that’s a lot a cash to accumulate for his type humor.

 

I heard that currently you can’t borrow shares of DJT and therefore can’t short the stock. Might be part of the reason it’s done so well so far.

“Betting against former president Donald Trump’s social media startup is one of the most difficult and expensive short trades in the market, according to financial analytics firm S3 Partners.

Investors tempted to bet against Trump Media & Technology Group Corp. are facing annual financing costs to borrow the shares of more than 150%, and risks that the stock’s meme-like volatility and loyal fanbase could burn them even more. The newly-public company is the most expensive US stock to bet against, with over $100 million of short interest, S3 data show.”

Huuuge Short Losses in DJT- DWAC Rally

 

Do you have a brokerage account? If not, you might consider setting one up at TD Ameritrade, for example. Super low fees, no minimum account requirements. Shorting is easy from the options you'll have available to you through the brokerage service. Or you can work with a broker at pretty much any of the big banks, but you'll pay significantly more in fees to do so than if you handle it yourself.

 

lost $58M with $4M in revenue, down 25% today, headed to zero. can't find shares to short,

can djt lend his shares to short the stock and capture revenue that way without board approval?

 

It’s actually crazy a company with only $4 million in *revenue* can be listed on NYSE. It’s a joke.

Yeah during the tech bubble back in the 90’s they more commonly listed pre-revenue companies (many of which were stillborn). Maybe some biotech or drug stocks are pre-revenue and trade almost as a binary option (depending if they can actually bring the drug to market), but it’s very much the exception not the norm nowadays.

 

It's listed on the NASDAQ not the NYSE. I guess the rules for listing on that exchange are different than the rules for NYSE.

 

“As of December 31, 2023 … [Trump Media] management had substantial doubt that [th company] will have sufficient funds to meet its liabilities as they fall due,” the company said in its filing. The company also wrote that it has serious doubts that, at this rate, it will continue to stay in business."

MSNMSN

 

I see a pattern here

 

you called it. Were you able to get a short in?

 

I did. Just in time. $$$

 

Trump Sues Co-Founders of Truth Social Media Company Over Shares

Donald Trump has sued two co-founders of his newly public Trump Media & Technology Group Corp., claiming they set the company up improperly and shouldn’t get any stock in it.

In the latest legal skirmish over who gets how much of the hot but flailing meme stock, Trump alleges that Andy Litinsky and Wes Moss violated an agreement about the setup and don’t deserve their 8.6% stake, currently valued at $606 million.

The lawsuit, which was filed on March 24 in Florida state court and hasn’t previously been reported, comes after the pair brought their own suit against the former president in Delaware Chancery Court over their promised stake in the social media company.

The legal fight is playing out amid wild swings in shares of Trump Media, which began trading last week after it merged with a special purpose acquisition company, known as a SPAC. The stock dropped 21% Monday after Trump Media disclosed in a securities filing a $58 million loss and a relative trickle of revenue for 2023, and reiterated a warning that it needed the money from the SPAC deal to keep operating.