The Apprentice boys sold off all but 100 shares of their 5% stake in DJT following end of the lockup period. Reminder, Trump became pretty hostile with them and filed suit alleging they weren't entitled to any shares because of "mismanagement". Did they sell at the bottom or before it hits 0? You decide!
https://www.cnbc.com/2024/09/26/trump-media-shareholder-dumped-more-than-7point5-million-shares.html
Posted by fenriswulfwsb
10 Comments
This stock is almost certainly going to zero. Look at trading history for every other spac out there.
This one is being propped up by morons and maybe foreign capital buying into the limited float to prop up DJT. It will plummet when restrictions are lifted.
Retail investors are absolutely going to get fucked in this deal.
Good for them
These shares will be worth $30-50b if he wins
Which is probably a 50-50 chance. So Iād say the closer we get to election the more likely these are worth buying.
Iād never buy anything the Orangutan benefits from though. Simply not worth me worrying if it helps him.
Phew
Buy Calls šššššš
The OI on the 1/17/25 2.5 puts is 42k lol
Borrowing rate is getting higher on my trading platform. They give you a warning just in case you want to short the stock lol. It’s something.
Not sure why but something about holding onto $1400 worth of stock has got to be for a petty reason.
even DJT will sell 2 min into the election result