$DWAC Trump’s Truth Social Spac is up 30% in premarket
(www.marketwatch.com)
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They are pushing it back down as hard as they can right now, but if it keeps rising you will see the shorts panic and start trying to cover their asses.
In my opinion one of the first moves a new Trump administration should make is to make short selling illegal. It is the way the cabal manipulates companies to do their bidding and push the woke agenda.
I’m excited to see what it does tomorrow!!
Sure is nice to be back in the black!
The merger will be great, and then when President Trump launches the companies that it was all about, we'll be hanging on to a rocket!
Short selling is how prices moon. It's also how one corrects stocks that have issues.
It's also used to destroy good companies, and put ten's of thousands of people out of work.
Ie, what that one asshole did to Cabela's is criminal.
If they short companies into the ground, they never buy back the stock, so they never pay taxes on their profits. Blockbusters stock is still out their, same as many others. retail can't trade it but they can.
It's free money for globalhomo.
When you borrow tens of thousands of shares and dump them on the market prices don't moon. They drop. Which is exactly what a short seller is counting on happening. They can then replace the borrowed stock with stock purchased at a lower price for a profit.
When prices moon they shit themselves because they are going to have to replace that stock with more money than they sold it for.
We're not talking about individuals short selling here. We are talking about institutions they control dumping millions of shares. If you watch DWAC you can see it. The daily average is around 1.2 million shares traded. When they start trying to force the stock down I have seen it as high as 20 million shares or more.
This morning someone on the whitehat side with loads of money pushed buys and the market responded with a big bump in prices. In my opinion this too is being manipulated. The difference who is doing the manipulating.