If you havent seen the movie about game stop called "Dumb Money" please watch it.
The movie is a reflection on what took place during the gamestop short squeeze. In a nutshell you had Citadel who managed the order flow for RobinHood and other brokers collude with wall street hedge funds to screw over retail. The hedge funds and citadel were losing billions on their short positions in an attempt to bankrupt Game Stop.
Retailers, led by an anon who goes by Roaring Kitty noticed the large short position on GME and started to squeeze wall street. It led to a massive move in GME which was thought to be the squeeze that would end the short and wall street.
Unfortunately the brokers at the direction of Citadel disabled retail from being allowed to open new positions on GME, killing the squeeze.
Congress even investigated the events and found no wrong doing.
Now fast forward to now. Donald Trump is going to be winning back the office. He also will have a publicly traded company after his initials - $DJT on the nasdaq for Trump Media and Technology company.
Retailers who know absolutely nothing about the stock market but love Trump, will buy this stock in a frenzy just because its tied to the greatest president of our time.
I imagine a lot of shorts who have TDS will be shorting it as well, but we know our movement is greater and those shorts will be trapped. Wall street will see this as another opportunity to steal from retail and short it as well.
End result, we will see another GME with DJT stock. It will be more powerful then GME and do you really think Trump will be siding with wall street who was shorting his company? Dont think so.
Retribution is coming. We will see the real MOASS and it will take out wall street and citadel from the game they have been controlling.
It will not have the "DJT" stock symbol, because that is already taken by the Dow Jones Transport ETF (DJT).
And if the company goes public, THEN the company will have to disclose its financial statements. THAT will be a big part of what it happens with the stock.
However, I would not doubt a big move higher due to Trumpsters jumping on board just because of Trump.
DWAC had a big rally on the news that DeSantis dropped out of the race. That is a REALLY dumb reason for a stock to spike, but it did anyway.
Has come down since then, and put in a lower high in a market showing some weakness off the top.
Probably some more downside action in the short-term, but this is one of the rare situations where a stock MIGHT push much higher on news that has nothing at all to do with the performance of the company -- when Trump is back in the White House.
But as far as killing off the shorts, that is nonsense. The Wall Street banksters can leverage and steal in ways that nobody else can, and that covers their losses. Their primary profit center is lending to shorts, and they will never give that up.
Trump would have to revoluationize Wall Street, which is not a bad idea, but there are more important things to do. Maybe getting rid of the Federal Reserve would be on the "Things to Do" list, and might go a long way to leveling the playing field, overall.
But the border and immigration (both legal and illegal) is #1. Economy is #2. Prosecuting the criminals is #3. Maybe the Fed is #4.
Would love to see Trump's personal lists of "Things to Do" and "Things to Fuck Up."
This is a very interesting DD read by edwinbarnesc
https://files.catbox.moe/d870h5.pdf