Trump's social media stock sucked in a lot of foolish investors this morning

[calguy]

I have it on my watch list, and it's been fun watching it trade, although I'll never touch it. Shot up to almost $80 at the open, and has been crashing ever since. Trading around $65 as I write this, still up 30% on the day.

For those who were speculating about shorting this stock, this should be a reminder to not do it when a stock fluctuates like this. You may in the end be right and the stock shrinks to a small fraction of what it's trading at right now, but in the meantime, you've accumulated such huge paper losses that your broker will call your margin, forcing you to cover at a huge loss.

[WarGamer]

1. Investors, lol?

I'd say very few "investors".

Mostly those who support Trump OR want to hold large positions to funnel $$ to Trump.

Oh and day traders looking for a fast buck

[calguy]

4. Yeah... I agree. Investors was a bad choice of words on my part

Foolish traders who heavily shorted the stock were fleeced by the professional traders who know how to play the game and have deep pockets to back them up.

[WarGamer]

5. Any stock with meme potential is a bad short.

Hedge Funds lost BILLIONS in the Gamestop fiasco.

[ProudMNDemocrat]

2. Karma is indeed a B*tch!

With TSF's reputation(what there is of it) attached to this deal, the stock was due to sink in opening day trading.

We will have more to say at the end of the first day of trading where the trajectory is going to go.

[Attilatheblond]

3. Spin cycle on the machine goes 'round & 'round

at Donny's Money Laundry?