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

In reading various Truth streams on Truth Social, they blame short sellers. Truth posters are sending complaints to the SEC asking them to investigate. They also blame the media for propagating bad news. But ZERO blame against Trump or company leadership.

 

Weird, that’s exactly what I said they would do. .

 

how long before calls to investigate the SEC or worse?

 

Go anti woke..go broke

 

I posted this on another thread couldn’t find this one for some reason this morning. Anyone want to take bets that it doesn’t close above 20 today or fifteen by the end of the week?

 

Ahhhh, you need a safe space because someone posted about Trump on a Trump thread?

 

Since some of you obviously follow this stuff much more than I do. Trump is still projected to get a billion or two from this, right?
Did he put anything in other than his name?
Since the company doesnt actually make any money, his billion or two will come from where? The people who bought the stock?

 

Publicly talking about his stock isn’t that a sec violation. They got Capone for taxes maybe they will get trump for stock manipulation.

 

Up 15 percent today.
That says someone big likely decided to bail Trump out short term and try to bury some short sellers and kill the momentum. This was always the risk for short sellers. We will see how long it holds up.

 

would a whale do that? There are roughly 150M DJT shares. It would take billions to impact it like it has moved over last 2 days. And a big chunk of that money would be going to individual investors. Could margin calls on short sellers drive it?

DJT has horrible fundamentals. $4M in 2023 total gross revenue. That’s like all these shares and expensive company mgmt for one single busy McDonald’s restaurant. And Truth Social has 5m members. There are tictoc creators with more than that.

the stock is fascinating to watch.

 

But most of those shares are not in the public domain. So buys and sells have a disproportionate impact on price, I would think this could have been done for a few hundred million dollars.
The daily volume today as I write was only 14 million shares and it’s up 18 percent. If 2/3 of those were buys, that’s around 9 million. At $30 a share that’s 270 million in buys. And that amount was even lower yesterday. The short sellers then had to buy back their shares when they got squeezed which drove it up also. Not to mention once the momentum came, the sycophants likely jumped in again, so whomever the original buyer was likely wasn’t even the majority of the run.
Was just really well timed, right at the height of the selling euphoria. Credit to whomever it was, they made a fortune, quashed the resistance, and bailed out their orange god.
But long term it’s still a massive losing proposition.

 

You ever get any takers?

 

the float is much less and the volume is around 10 million per day. It wouldn't take too much of a buy order when the ability to short is so limited.

imagine an adversary holding enough shares to be able to crash the price if they dumped it and it is easy to see how this would give leverage to anyone with the coin to buy it. do what I want or I will crush your holdings...smdh at how maga refuses to see this too and the fact that there isn't a law against it

 

they haven't made anything if they didn't sell, other than a bad bet

 

all shares are impacted as the price is the same for all of them. So doesn’t the 14m traded need to move more to impact all 150m shares?