Anyone else shorting the shit out of DJT?

[Robert Mugabe]

it really is simple

look at it this way

the stock price is falling

stock is trading at $9.00 right now

you can buy it right now for $9.00

but because the price is falling, it might be trading at $8.50 soon after you buy at $9.00

so you want something to indicate that the falling price is coming to an end at least for a short term

and that the price might go up a little

so your plan can be let's say

I want to see the price to go up to $10.00

that would indicate to me that the downtrend might be coming to an end

so I want to buy this stock but only if and when it reaches $10.00

I don't want to buy it now at $9.00

I want to see some bounce up first

otherwise the stock will just keep falling

$9

$8

$7

who knows how far it will fall


I need the stock to show me it's turning up

like a good girl, before I enter

I don't see any bounce. Just free fall. Easy short.

 

[Robert Mugabe]

Joe Biden cracked a joke about this stock today. Didn't catch the punch line but the joke was about how fast it was sinking. Soon it will be too low to short.

 

[Harveyspector]

Seems like shooting rats in a barrel. Unless it collapses before you cash out....

For a company with a market capitalization of over $10 billion at its peak and revenue of only $4 million…normally it would be a no brainer to short the stock ….however, to implement the short , you need to borrow the stock…if you are able to borrow the stock….the cost to borrow the stock is astronomical. The other thing you have to be mindful of …you might be subject to a short squeeze and be forced to buy back at an in opportune time. Great in theory, but difficult to do in practice.

 

[Robert Mugabe]

I think he bought put options

you are correct sir.

 

[sprite09]

DJT stock up 14% today!!

DJT Stock Price and Chart — NASDAQ:DJT — TradingView

View live Trump Media & Technology Group Corp. chart to track its stock's price action. Find market predictions, DJT financials and market news.

www.tradingview.com

yep with these meme stocks ...take profit when you can! don't be greedy

 

[tastingyou]

yep with these meme stocks ...take profit when you can! don't be greedy

It is important to realize with this MEME stocks that it is completely irrelevant what the value of the stock is [ this one is obviously worth close to ZERO . ] Today the stock was up 15%. If you prefer to gamble on this instead of at the casino just make sure that you have cash to back you up and are not vulnerable to a margin call. The ride will be bumpy and the crazies may very well drive the stock to over $50 in a hurry.

 

[sprite09]

It is important to realize with this MEME stocks that it is completely irrelevant what the value of the stock is [ this one is obviously worth close to ZERO . ] Today the stock was up 15%. If you prefer to gamble on this instead of at the casino just make sure that you have cash to back you up and are not vulnerable to a margin call. The ride will be bumpy and the crazies may very well drive the stock to over $50 in a hurry.

shorting this is not worth it even with risk management in place

much better to long and I'd argue more upside as we get closer to the election as i think trump will win

 

[sprite09]

today DJT finally broke the previous day high, which was $27.45

my order got triggered at $27.46 one penny above yesterday's high

stop loss is set at $22.56 if that gets triggered I will lose $4.90 per share

my take profit is at $32.36 if that gets hit I will sell half of my position and move my stop to break even

in that case this will be basically a risk free trade

unless of course they find something against the rules and DJT gets delisted on Friday

that's why you should never risk more than 1% of your trading account !

NASDAQ:DJT Chart Image by WonderingBear

www.tradingview.com

that's a harami (not perfect ) ,but ....in a downtrend, bullish

 

[Robert Mugabe]

I have gone quiet all of a sudden you may have noticed. Luckily I only had a small gamble. May 3rd is a ways away. April 26th not so much.

 

[anonemouse]

DJT stock up another 8% today, to 55.11!!

https://www.cnbc.com/quotes/DJT

It's down to $45 and heading lower. Their financial statements were absolute shit and the grift is starting to hit the fan. Lol

 

[Rukos_48]

Stop it plz. I got a big bag.

 

[Zoot Allures]

Shorting is a fools game because stocks can only fall to 0 but its rise has no limits

You need ice water in your veins and lots of cash to lose