Shorts are licking their chops at getting in on the Djt stock free fall. But there are few shares to buy. So if the stock decline is not being led by shorts it must be led by former bulls who were long on this stock and are now running for cover. Down another 4% today. Class action lawsuit attorneys jockeying for position as we speak.
Excerpt:
“There is very little stock available to borrow to support new short selling — less than 50,000 shares — and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels,” Dusaniwsky told MarketWatch on Tuesday.
Based on that data, to short 100 shares of Trump Media & Technology Group at the current price, it would cost between $24,895 and $29,874 a year. That means the stock would have to fall about 1.4% a day just to cover the cost of shorting it. And if the short were held for a year, the bet would still lose about $20,000 to $25,000, even if the stock price fell to $1.
Interesting. I never understood any of that.
I sell sell a may 17 call on djt at like $72.50 a share. Got 75 cents for it. I literally sold A call. 1. Means 100 shares. So I got $75.
It’s down to .25 now so if I sell it I make $50. I plan to ride it out and squeeze the whole $75 out of this lemon.
Why didn’t I do more? Because every time I’ve done business with Elon I’ve gotten killed and nonone makes money w Trump. Guy is just snake oil. So I figured I’d sell one call and at least be able to track it.
This has all happened in about a week. So now I’m mad because think of it. My hunch was I could have made $ on downward Trump movement. If I had sold $100,000 worth I’d have made $67k in a week and probably all $100k in a month.
But I am not swimming in case now that I bought this building
Btw between property taxes and $11,340 utility deposit and $34,000 in building insurance a year. How does anyone make anything on real e state?
This sucks so far