THE GRIFT
Truth Social Makes Democrats Richer
This may be the largest voluntary transfer of wealth between political parties in America’s history
The New York Times reports that traders are betting millions that Trump Media’s stock is going to fail. From the article:
Trump Media is the most “shorted” special purpose acquisition vehicle in the country, according to the financial data company S3 Partners.
When stock is sold “short”, it means that investors are banking on the price of the stock to go down. For example, if an investor shorted one share of DJT when it was at $78, they agreed to provide the stock by some future date when they could purchase the share at a lower price. A mere 18 DAYS ago the price was around $78/share. Yesterday (12 April 2024) the stock ended below $33. Investors that sold at $78 and bought at $33 are more than doubling their money for every share sold. Once it gets down to the sub-$20 area, investors could be reaping a quadruple reward. The lower it goes, the greater the reward.
As a conservative investor, I did not invest in this stock when it went public. Before the first bell analysts were clear about the questionable…
