Nunes has a very positive take on all the speculators trying to take advantage of volatility, including massive short selling.

Quote:

The most amazing part about our company, the retail investors. So when we went out to get this merger, we had it. It took a while. One of the reasons, not just the regulation, but we had almost 400,000 people, retail shareholders who had invested in this company. Now guess what's happened over the last couple of weeks, we think we've added over 200,000 new retail investors. I would say there's not another company out there that has retail investors like this

Why would anyone get a promissory note from trump. It makes no sense.

What trump would do is say he isn’t going to pay, and if they try to enforce it, they will be buried in legal fees.

WOnder if Devin's cow got a promissory note too.

Only down another 4 or 5% today. Those retail investors maybe should have put their money in their mattress.

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I'm beginning to think that we are much more fucked than I thought.

So just who is buying this stock, even today?

It's a proven turkey, losing value every day after maybe a one day rise. So who would be willing to put their money into it now?

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''Sweeney - you can both crush your AG *and* cruise in dead last!! 😂 '' Murphy's Law

Russia Russia Russia

The other big difference is Stormy actually got paid.

On top of countries/people investing for future policy reasons, the other reason to invest would be that if trump wins he will make truth social the official news source of the government.

There would be immense value in the company if they are the only ones with access to the president/MAGA members of congress for 4 years. This would end up supplanting fox news. There is def value in the company if trump wins the election, then says all other news sources are fake/bias/the enemy of the people, and curtails access.

However, the stock is likely going to remain around $20 dollars per share until julyish. So there is no reason people would invest now.

Existing shareholders trying to get their average cost basis down. Have you not learned anything from /r/wallstreetbets?

Exactly. I said earlier in this thread or another one that if he wins, this stock may be undervalued. Maybe by a lot.

The thing I dont understand for investors, is why is anyone putting any money into the company now. It is going to continue to drop until maybe november. Then people can see how the trials/polling/etc. is going.

Between now and november, Trump has much more at stake/wild cards than Biden. Between abortion laws being passed/Trumps criminal Trials/attack ads/etc. Biden has much more upside in the next 6 months vs. trump.

its going to be a close election, but the company stock prices are going to drop between november and now.

The other thing that people dont realize is that trump is going to sell most of his shares of truth social the second he becomes president. he will site previous calls for divestment, and say it is required. All of this will be a tax free windfall. After trump sells + collects on the windfall, he will likely reinvest on the tanked truth social - then implement it as the government's news agency.

I'm not sure "value" is quite the right term for what's effectively a meme stock centered around a perpetually money losing business...but, yes, it could be a speculative instrument that takes flight again.

Short selling involves buying shares!

Ho Hum... Truth down 6% today. Pretty standard for companies to be down every day. Nothing to see here.

SDGs "wife" must be losing a fortune.

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How does Danny Hart sit down with balls that big?

Fake news! Down 8.3%, below $30.

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"Go yell at an M&M"

SDGs “wife” just bought a lot more.

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How does Danny Hart sit down with balls that big?

The cost to go short is unbelievable expensive.

The stock is plummeting in spite of highly constrained supply!


My guess:
1) Prudent and professional long investors (regardless of politics) know better.
2) Opportunistic professionals - want to short. But can't get the shares at a sensible prive.
(Even if you believe DJT will be $0- very fast. The cost to short is still NOT sensible).
3) Trump can't sell his shares yet.

In summary, it seems...

The current battle is between MAGA very, very faithful vs..
A) MAGA that want out already -
B) Improving liquidity for seller's. That includes Trump himself (once his restrictions are lifted).

Trump's powerful detractors are not even in the market yet!

Your B) is interesting market game theory. If the market 100% believes Trump will do a huge sell-off at the first opportunity, then the market, not being restricted in timing, will sell off before that point, crushing Trump's share value.

Trump should try to convince the market he won't...maybe won't exceed X% share sale per month, or wait another year beyond the minimum.

Problem is Trump has little credibility. There is some % of pure cultists, like SDG's fictional wife, but I bet even most diehard MAGA-sticker-types understand Trump well enough to balk at borrowing against their 401(k)s to bank on DJT.

This share price collapse kind of feels like a large shareholder is dumping stock as fast as they can. I don't know how these insider lockup periods work, but given Cheeto's propensity to flaunt every rule ever written, could he be dumping shares? Maybe he figures, "F it...let the SEC sue me. I'll tie them up in court for years, and they'll never be able to unwind this at that point anyway."

No idea either - but fair point. Kind of the opposite of squatter's rights. The first person to leave the house has a lot of leverage in the resulting court debacle.

Yes... I think most Trump supporter (who own the stock) want out - including Trump himself.
That's why DJT is going down.

Huge constraints on selling are what is slowing the demise of the shares.
(One constraints - is that Trump can't sell yet.
A second constraints- is that shorts can't get their hands on the shares at a sensible cost).

This is really a fascinating and unusual situation.

I was looking at the stock trading $ graph and thought if I was riding my bike from East to West I wouldn't want to climb that hill. Looks like an HC climb only backwards. Prolly go for disc brakes on the downhill too.

Seeking Alpha says;

https://seekingalpha.com/...ck-10-foot-pole-sell

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''Sweeney - you can both crush your AG *and* cruise in dead last!! 😂 '' Murphy's Law

And the market cap is STILL over $4B. Lots of money left to lose.

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I'm beginning to think that we are much more fucked than I thought.

DJT Ketchup Inc. is currently down 14% premarket.

This could be a fun day.

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How does Danny Hart sit down with balls that big?