Outskirts of Shrewd'm / Living Abroad
No. of Recommendations: 0
To short the crap out of it on not???
Hmmm
No. of Recommendations: 2
I would not. People continually underestimate him. I would not buy it either.
No. of Recommendations: 8
The current cost to borrow shares is 790% and there are zero shares available to borrow.
No. of Recommendations: 1
The current cost to borrow shares is 790% and there are zero shares available to borrow.
All too true. I have been watching this one with fascination. Impossible to short even if you want. Will it rise or fall? Nobody can tell. It's a political meme stock. Price totally divorced from any fundamentals. Pure psychology. A fortune is being made - but by whom?
I am told that if DJT gets a waiver the shares will tank instantly. OTOH, the buyers don't seem to care. Impossible to predict what will happen. It's kind of fun to watch but I would not touch it with a 1000 foot pole.
If only Charlie were still around. Can we start a DJT board?
abromber
No. of Recommendations: 3
“It's kind of fun to watch but I would not touch it with a 1000 foot pole.”
Agree! If GameStop hit $483 and AMC hit $551 3 years ago, who knows how this will play out, esp. with it being a huge election year and limited shares available. I’ll be at least a Grand Canyon (10 miles) away from this “gem” with Coke & buttered popcorn & Twizzlers in hand!
No. of Recommendations: 1
There is a 40m share "earn-out" award to former Trump Media shareholders (35m to Donald) if the stock price stays high for 30 days following the close (or for any 30 day period in the first 3 years but right away seems like his best bet). So it would be in his interest to keep the stock up for 20 or 30 days here and not seek permission to sell stock too early.
20 days out of any 30 days with the stock above $17.50/sh. "earns" the maximum 40m share dilution award.
No. of Recommendations: 30
As has been pointed out on other shrewdm boards here and at the old Fool, even if the stock tanks 90% it will still be “worth” several hundred million dollars to TFG. More to the point, and fodder for conspiracy theorists, should he be elected in November (and the stock still exist) it provides a convenient and legal way for foreign nations, actors both bad and otherwise to funnel monies directly to him personally, as the fixed costs are low and incremental revenue drops to the bottom line.
As owner of 60% of the shares, this is incredibly more fruitful than, say, owning a hotel and having diplomats stay in it while visiting Washington, or collecting greens fees from golfers in various places.
Such a money conduit would benefit almost no one else, so, you know, perfect.
No. of Recommendations: 10
Can we remove this topic from the Berkshire Hathaway board?
Thanks so much.
No. of Recommendations: 1
More to the point, and fodder for conspiracy theorists, should he be elected in November (and the stock still exist) it provides a convenient and legal way for foreign nations, actors both bad and otherwise to funnel monies directly to him personally
Piker.
He should just create a charity organization. Maybe name it "Trump Global Initiative Foundation". There is precedence for that.
No. of Recommendations: 5
"Piker.
He should just create a charity organization. Maybe name it "Trump Global Initiative Foundation". There is precedence for that."
I know the reference you are trying to make, but it just shows you are not too well informed on the subject. The reference you are making shows that the information you get on the subject is from terrible sources that take advantage of your lack of knowledge on the subject.
You should use better sources so as to be better informed.
