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Posted: 4/8/2024 5:59:36 PM EDT

 Anyone else following this rodeo?  It sure feels like a meme stock.  Here's what we've got going so far:

 Newly listed.
 Garbage financials.  Negative earnings. Small amount of cash on the balance sheet.  Low revenues.  Little realistic hope of good future earnings.  
 Lawsuits/legal issues (already), criminal and civil.  
 Massive short interest.  Huge premiums to sell short.  
 Massive volatility.  
 Lots of options activity.
 Large percentage of shares still held by insiders.  
 Shares held by Trump will likely be dumped as soon as he can, as he needs the money.  
 And a wild card: Massive short positions can bring the possibility of a short squeeze.  

 

  Huge fees to short sell
Link Posted: 4/8/2024 6:08:23 PM EDT
[#1]
Discussion of stocks need link to chart

https://finance.yahoo.com/quote/DJT
Link Posted: 4/8/2024 6:45:40 PM EDT
[#2]
Meme stock.

Smoke and mirrors.

It’s your money.
Link Posted: 4/8/2024 7:06:10 PM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Originally Posted By Shadyman:
Meme stock.

Smoke and mirrors.

It’s your money.
View Quote


Well, I'm certainly not taking a long position.  Put options are probably the best deal right now if you can get a decent price for a contract.  Unsurprisingly, there is a lot of activity on put options with strike prices between 5 and 15 dollars.
Link Posted: 4/9/2024 1:32:05 AM EDT
[#4]
I bought some share of the spac back when it was DWAC at 8 dollars a share

Honestly I don't care if it goes to zero, I wont sell it

F$%# em all

here I stand I can do no other
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