They should’ve made it a video. I’m pretty sure the average DJT investor can’t read.
Yeah, because “not lending to short sellers” sure saved GameStop.
Company is profitable, has a billion dollars in the warchest, and has zero debt
Seems like its working to me
I’m as happy as anyone about all that, but the DRS movement hasn’t had the effect that was hoped for exactly, has it?
GME folks are fucking Looney Toons. In ten years they’ll still be trying to figure out how to own the float. Whether or not GME even exists by then.
Idk wtf a GMS is, so you’re probably right.
Ya Goof.
Yep, you got me, got GME and DRS mixed up a bit.
In what way? Stock price? Doesn’t matter until 100% drs
I used to follow the ticker, but now I can’t even remember how many I’ve got. Not as emotionally invested anymore, but still in.
I’m in, and I’m zen. Well, more “calmly insensed at financial institutions.” I enjoy knowing that I’m costing hedge funds money more than I enjoy thinking about theoretical gains at this point.
I sign Lauer’s petitions and read the quarterlies, but that’s about all I do. I can’t go around being angry all my li-
Well I can and do… But I need variety. If I never sell, fine. I own a tiny piece of a “moment in time”.
How big are your bags?
Idk, just accruing and DRSing as much as I can
- holding your DJT shares in a cash account at your brokerage firm instead of a margin account (a model instruction letter is set forth under the heading “Example Form of Letter to Broker” below); or
- opting out of any securities lending programs, which should stop your broker from lending your shares; or
- moving your shares to Odyssey Transfer and Trust Company, the Company’s transfer agent (please note that you may incur certain costs in connection with any such transfer and once your shares are moved to our transfer agent, your ability to timely transfer your shares back to a brokerage firm and sell may be a longer process); or
- transferring your shares to your bank (if they have custody services) and holding them in your retirement account (if permitted by your plan).
Bold of them to think their target audience can read this many words
Maybe I’ve just been conditioned to suspect Trump grift everywhere, but I suspect Odyssey has some kickback going to Trump.
I also suspect that. I like how it says sales will be delayed, aka “you will be left holding the bag.”
Here’s their team if anyone wants to do some digging-
Holy airbrushed head shot! Caitlyn looks like she was generated by AI.
Bold of them to think they have a brokerage firm.
Their marks are going to print out stock certificates and put them in a gun safe.
holding them in your retirement account
Hahahahaha. Not going to be much in the bag at that point.
It’s going to be rehashed into a dozen removedute videos by dudes in Hawaiian shirts with dramatic hyperbole explaining it along with likely a side of misinformation and con artist profiteering.
The whole idea of short selling is wild and feels like it should be illegal, so I’m totally OK with informing people how to prevent what they see of as an investment from getting loaned to people who are only trying to devalue that investment.
However, it is funny coming from a guy who has probably done more shortselling in the last hour than most people will do in their lifetimes. It’s also scummy to recommend paying to use a holding company he probably owns or gets kickbacks from.
The whole stock market is gambling, short selling is just the way to profit on the prediction of a price going down instead of up. Really short selling is one of the least sketchy things the stock market does, because at least it’s public how it works.
Right! 70-80% of trades on the stock market are bots trading with bots that learned to trade by watching historical trade data and trading with other bots, most on the order of milli or microseconds.
Oh god it gets so so so much worse than that. Video from Jon Stewart on how deep the rabbit hole goes.
The problem is not short selling, the problem are rich people manipulating the market in ways that should definitely be illegal.
How it’s allowed to first short a stock and then release some “secret” (and often partly or complete bullshit) info is beyond me.
See - Headline after headline about bits falling off “Boeing” planes, when they were sold by Boeing twenty years ago and badly maintained for the last ten
🤨
What did Boeing promise the useful life of the planes to be?
Dunno but if I didn’t service my car I wouldn’t blame the manufacturer when bits start falling off it
How does this have anything to do with short selling? Besides, parts are falling of and their own engineers are speaking out against Boeing. That’s not to mention the multiple crashes that were 100% preventable, foreseeable and Boeings fault.
Why do you think short selling should be illegal? It’s just borrowing shares
The way the stock market should work is someone investing money in a company they believe in. If the company does well, then you can receive dividends and/or sell some later on to turn a profit.
But greedy people have turned it into a game, into gambling. People who do it for a living know all the tricks, have supercomputers, have knowledge of other people’s investments to create algorithms.
Has almost nothing to do with the company itself. They contribute nothing to society. Borrowing shares to short a stock is just an extension of that. You can make a lot more money that way, but again… it’s gambling, not an investment in a company.
Most of what you’re saying isn’t really a problem that affects anyone. You can still buy shares and collect dividends. How many shares short, or how often someone buys and sells a stock has 0 bearing on that. In fact all of that actually creates the liquidity that lets you buy fractional shares instead of having to buy in 100 share lots like you use to.
And short sellers are actually pretty important to the markets. They keep companies honest by having an incentive to investigate and publicize frauds and overvalued companies. People put way too much weight in how much impact shorting has, or people trading derivatives
I appreciate your thoughts. I admit I’m not too involved in shorts and there are bigger issues with the market than that. I just prefer that people wouldn’t bet against a company simply to earn money. It’s not going to change anytime soon, if ever. I just would prefer that stocks for sale were to invest in a company to help it grow, and not… I think this company is gonna crash… let me make money on that prediction.
I just would prefer that stocks for sale were to invest in a company to help it grow,
Buying stock on the market has no impact on helping it grow. The only money that goes from investors to the company are from the IPO or any additional share sales, which aren’t common.
30 day minimum hold period on any share purchases.
Short selling helps prevent stock market bubbles by correcting overpriced stocks, ensuring prices reflect real value. It also allows investors to hedge against potential losses in their portfolio, making the market more stable and efficient.
That’s what stockbrokers say, sure. They don’t actually care, they’re brokers. They make money from the sale regardless, and the more kind of sales and services they can make and charge for, the better off they are.
Especially when it helps create a labyrinth of industry specific terms and rules they know and you don’t.
That’s why they were laughing at the GME bullshit, like Redditors thought they were the ones losing money. Every little retail trade had a percentage that went into their pockets.
But…but….but…the market will self regulate?
They don’t like the invisible hand when it starts slapping them around.
This ain’t no regular slap.
This be a Bernie Mack Pimp Slap Extraordinaire
Just spend some time reading about naked shorting, then you’ll begin to understand why the stock market is the way it is.
I can’t believe the stock is actually going up in price. Seems like lunacy. It made sense that for the past month it’s been dropping but a bounce like this is making me doubt the nature of my reality.
Cause the numbers aren’t real, just like Tesla. Inflated due to the leaders’ cult (and in this case possible “actors”)not for any business reason.
Short cover rally.
“If something sounds too good to be true, it probably is”
Time will tell. Everything sounds far too good to be true, considering that the social media platform is tiny and hemorrhaging money.
I feel like it will always have some weird intrinsic value as a potential in group until the election. If DJT pulls off a successful presidential win, then people who hold his stock may think they are less likely to be purged
lol idiots.
His business prowess is truly remarkable.
