Happy Independence Day, frens!
I've been expecting DJT to jump, in light of positive developments of late, but have been dismayed to see it drop instead. Seems that the latest acquisition news bodes well, but didn't help today.
Any of you seasoned marketeers got insight into how we're looking? Are we seeing the shortsters on overdrive? I know that the short-term game is NOV, and I'm in it for the long haul but am hoping to get back into the black soon so I can liquidate a bit for other business moves.
Any and all thoughts, observations and insights are most welcome. WWG1WGA
Devon Nunes was complaining about shorts and market makers such as Citadel, so, I’m sure they are suppressing the price. I have a few shares and some warrants and I have a wait and see attitude.
Yeah, I'm hanging in there.
The only way to play this investment is to not gamble on short term plays or date-based predictions. The stock market is a chaotic ocean of lies, and this stock is one of many being tossed around on the currents of illegal suppression and short-squeeze breakouts. The only play here is the long one. Buy some and forget about it. In time, you'll know when to sell.
Well said.
That's the game I've been playing . . . I'm in it for the long haul, but I will need some of my invested dollars back for another venture soon. I'm trying to hang on until I'm back in the black, but timing will force my hand within the next month or two. I could have cleared what I needed right after the merger, but missed that play.
I own a lot of it and I bought it for the long haul and I just keep buying dips and having faith. The reality is if we lose none of it'll matter because they're going to take everything anyway.
Yeah, I have quite a bit too. I still expect a rocket, but I've missed a couple of opportunities to see high and buy back many more shares at low tide. I'mm adding bits as I'm able, but could have significantly expanded my holdings if I'd been more attuned. Still at novice level but learning . . . .
On sale?
Not sure what you mean.
Borrow rate too low, and amount of shares available still low but has been increasing as warrants are exercised: https://www.iborrowdesk.com/report/DJT
“Officially” 13% of float is currently shorted, but real number may be multiples of that once fake shares included, similar to GME.
Off exchange short volume still hovering around 50% with significant fail-to-deliver of borrowed shares in June: https://fintel.io/ss/us/djt
Hedge funds appear to be using every trick in the book to suppress the price while they wait for DJT options to start trading.
Thanks fren. I called Fidelity a couple of months ago with a question. The agent I spoke with casually mentioned "loaning" shares, and asked if I had received a message in that regard. I asked what it's all about and he explained, mentioning that some people borrow them to short. He offered to check my account to see which shares would be loanable, and if course my then DWAC topped the list. Okay, it was the only one I have significant shares of. I asked why I would do that with shares that I bought for growth - to loan them to shortist saboteurs. He said that I would earn $10k/month based on my holdings. I declined, of course. I didn't fully understand how it wirked, and now that I see the phrase "failure-to-deliver of borrowed shares" I'm beginning to get it. So, they can "borrow" them, use them to short and then fail to feturn them? I assume this means the borrower could help short their value down to nothing. I can't think of a single reason why this would ever be a good idea . . . .
Correct. They short to zero, force delisting, and then never have to pay back anything once shares delisted (theoretically). While they do this they starve the corp of capital raise opportunities (or force dilution at lower and lower market cap for easier shorting), further sabotaging their operations.
Yikes! Here's hoping they all go down in flames.
"I hear the shorts are working, they’re working so hard, but shorts can get hurt very badly.” ~ Trump quote from 4/10/24
It's obviously being shorted to hell, but like Trump is known to say "Let's see what happens." I'm patiently waiting for the short squeeze. When it will happen, I don't know, but I'll be there when it does.
Me too. Thanks fren!
Buy a few on dips to average down. Bounce with streaming announcement, but it is taking a while to implement it. Shorting is also playing a role. But I bet more and more of the available shares are being slowly bought up by patriots.
Been doing that . . . I got in late at 88 and am down to 54 now. Could have easily gotten into the 30's if I'd have sold when I got above zero at the merger (I did sell but a bit too late) and bought at the basement (I bought back too soon). Could be at current price if I had waited this long, but I thought it would have performed much better. I didn't understand how shortists could screw that up. I'm learning!
I only have 8 warrents right now, I will start buying again at 15 or so. I expect it to keep going down.
I've been wrong before.....
I don't understand warrants so haven't bought any . . .