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