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Old 04-16-2024, 06:09 AM   #16
Tiny
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I read that insiders, including Trump, will have their shares registered with the SEC. They’ll be able to sell whenever they want. Without registration each insider with restricted shares would be limited to selling 1% of the total issued shares every 3 months under Rule 144. After registration, and after the 6 month lockup period expires they can sell as much as they want. I haven’t been following this company, but fear that Trump will dump shares in the not too distant future may explain why the shares took a dive yesterday. Apparently most SPAC’s register insiders’ shares after their mergers, so this wasn’t unexpected, but maybe faced with a dose of reality people sold.

https://www.reuters.com/technology/t...ck-2024-04-15/

You can lose your investment if you own the shares. You can lose multiples of the amount you initially invest if you short the shares. Please exercise caution gentlemen, and don’t risk more than you can afford to lose.
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Old 04-16-2024, 09:02 AM   #17
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It's like throwing a penny off the empire state building. Freefall till that final stop at the end. I hope those long term holders are ready to kiss a load of money away! I'm not sure where this will stop but it looks like a stock in a death spiral- No income to substantiate the value- and bleeding money. (Of course, -they said the same thing about Amazon back in the 90's. ) -Joe Kernen and David Faber said that back in day))

What's surprising to me is how DWAC is still going on. It's had some good increases lately- time to short that fucker too.
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Old 04-16-2024, 12:04 PM   #18
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Quote:
Originally Posted by eyecu2 View Post


It's like throwing a penny off the empire state building. Freefall till that final stop at the end. I hope those long term holders are ready to kiss a load of money away! I'm not sure where this will stop but it looks like a stock in a death spiral- No income to substantiate the value- and bleeding money. (Of course, -they said the same thing about Amazon back in the 90's. ) -Joe Kernen and David Faber said that back in day))

What's surprising to me is how DWAC is still going on. It's had some good increases lately- time to short that fucker too.
I'm one of the fools who sold Amazon short. That doesn't chap me as much as a couple that I sold short that ended up bankrupt or close to bankrupt. I lost money on the positions for reasons described earlier in the thread. There were some winners as well, but I've lost more than I've made.

Circling back to the topic at hand, short or long, don't bet the farm on Trump Media. You could be right in the long term and still lose money.
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Old 04-16-2024, 03:48 PM   #19
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DJT Closed at low 20s today@ 22.84 close- even further sliding down the the shithouse stack like a grubby turd...LOL.

I'd imagine that DJT's allotment will need to be approved for sale, but won't face much discretion due to its board being made of Trumpian Synchophants like Devin Nunes and other goons from the land of Red Hats.
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Old 04-17-2024, 03:29 PM   #20
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Quote:
Originally Posted by eyecu2 View Post
I already posted another thread about this ...they have less than 5 million members.- and it's speculative value is simply that. It's a political posting site- nothing more, and there are atleast 50% of Merica who will NEVER join that site.

I'm betting our board has almost that many here. LOL. Certainly more fun on this board and way more truth telling vs. the Truth Social.
You don’t address the only pertinent issue. Percentage of fake account account silicone chip sock puppets.
I would say they’re about equal. Quora, leads the way, omitting nut job sites like the chan insanity. Followed by the former Twitter, Instagram! Facebook and Substack in that order. I am only addressing non-porn fake sex worker sock puppets. That’s why I omitted medium, Snapchat, and the rest.
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Old 04-17-2024, 03:30 PM   #21
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Do you know how much you're paying to borrow the shares? My main broker's charging a borrow fee equivalent to a 797% annual interest rate. You could buy puts or sell calls instead, but based on past experience, if it costs a lot to borrow the shares, the options will cost a lot too.

I agree it's overvalued. I haven't looked at the financials but read cumulative revenues since inception are around $5 million. And the market cap is $6.5 billion. And given that Elon Musk, who's not politically correct, now controls Twitter, and Trump has multiples more followers there than Truth Social, I wonder if Truth Media is viable.

That said you could still lose a lot of money on a short. Just look at Gamestop. The YOLO crowd on Wall Street Bets drove up the market cap to $22 billion. And something similar may happen here, from Trump fans buying the shares. You can be right as to the long term outcome, but when faced with margin calls or forced liquidation because your broker can't borrow the shares any longer, you can lose money.
Who is borrowing from your broker? You can withdraw cash from your credit card and put it in your checking account for $.10 on the dollar of that thing
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Old 05-03-2024, 06:56 AM   #22
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Back up to 48 from 24.......could have doubled your money.


Donald is not cooked yet.
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Old 05-03-2024, 08:08 AM   #23
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Well like the old saying goes "A Fool and His Money are Soon Parted"
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Old 05-03-2024, 09:59 AM   #24
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Who is borrowing from your broker? You can withdraw cash from your credit card and put it in your checking account for $.10 on the dollar of that thing
Dear Banned Daneskold,

Since a couple of others have misconceptions about this, here's an example.

Salty owns 20,000 shares of Trump Media. The current price is $50 a share. So his position is worth 20,000 x 50 = $1,000,000

McCain wants to sell 20,000 shares of Trump Media short. He has to borrow the shares, through his broker, from one of the shareholders of the company to do so.

Salty's broker takes the shares in his account and loans them to McCain's broker. McCain's broker sells them at $50, initiating his short position. As long as the share price stays at $50, McCain will have to pay $1,000,000 to buy back the shares and close out his position. (He also has to pay fees to borrow the stock -- more on that later.) At that point the shares go back to Salty.

What happens if Salty decides to sell his shares? Then McCain's broker will scramble to find other shares to borrow, to replace Salty's. If he's successful then all will be hunky dory. If not, McCain will be forced to cover his position. Usually this happens when the share price is on a roll upwards, so McCain will end up closing out his position with a loss. And he won't be able to get back in for the time being, because other investors have borrowed all the available shares. Typically shares become available after the share price goes down.

Now McCain isn't the only person who wants to borrow shares. A lot of other people want to sell short too -- hedge funds, Hillary Clinton, Vitaman, and Yssup to name a few. So there's a lot of competition to borrow shares to short. Are Salty and his broker going to loan those shares for free? Hell no. They're going to get paid for it. Please note earlier in the thread I checked on how much I'd have to pay to borrow Trump Media shares to short on a particular day, and it worked out to an 800% per annum borrow rate.

So, say McCain sells the shares short, and the borrow rate doesn't change, and the share price doesn't change, and he holds the position for a year. This of course won't happen. Odds are the price will be much higher or lower (more likely much lower) in a year. And furthermore the borrow rate will go down. 800% is awfully high. But please humor me.

So, in the course of a year, McCain will pay $8,000,000 in stock borrow fees to maintain his $1 million short position. Who gets that $8,000,000? Well, it might be shared 50/50, between Salty and the broker. So Salty gets $4,000,000 and his broker gets $4,000,000. That assumes McCain and Salty's accounts were at the same broker.

That's not going to happen though. It's very possible, given the timing of their purchases and sales and the borrow fees, that Salty and McCain may both end up losing money.

Jim Cramer used to say bulls make money, bears make money, pigs get slaughtered. That's kind of stupid. George Soros and Warren Buffet are both pigs and they've made out like bandits. But anyway one entirely possible scenario is that McCain gets slaughtered, Salty gets slaughtered, and their brokers pig out.
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Old 05-03-2024, 02:58 PM   #25
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... What our mate Tiny is illuding-to there between Lucas and
me-own self is mostly just one o' those "hypo-theticals" that
people use for illustrations and what-not.

Though I am a bit certain that Lucas WON'T be losing much money
- if any - as Lucas is surely invested in Trump for the long haul.

... Maybe that's unfortunate - but TRUE! ...

#### Salty
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Old 05-03-2024, 10:16 PM   #26
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I hope this stock reaches $100 by November. I also hope folks with limited savings are not investing in this because at this point, it is just being traded as if it is a digital asset.
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Old 05-03-2024, 11:56 PM   #27
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I try to only buy black e/p and black b/p stocks this is red
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Old 05-21-2024, 03:10 AM   #28
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Default Trump Media Posts Steep Loss on Little Revenue

Trump Media Posts Steep Loss on Little Revenue:

Truth Social owner posts a first-quarter loss of $327.6 million after generating less than $1 million in revenue.

Trump Media & Technology Group posted a steep loss and less than $1 million in revenue in the company’s first report since going public.

The Truth Social owner posted a first-quarter loss of $327.6 million in the three months ended March 31, compared with a loss of $210,300 a year earlier.

The vast majority of that quarterly loss came from a $311 million non-cash expense, which was connected to converting promissory notes and eliminating prior liabilities.

Trump Media generated $770,500 in revenue in the quarter, which was mostly from the company’s relatively new advertising business.

The company reported cash and cash equivalents of $273.7 million at the end of the quarter. Chief Executive Devin Nunes said the company’s working capital would allow for it to invest in initiatives to bolster the platform, including potential mergers and acquisitions.
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Old 05-21-2024, 07:18 AM   #29
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This looks like a good options play right before the presidential election.
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