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Just putting this out here: Are there investment opportunities in shorting Truth Social? (Original Post) Xipe Totec Mar 27 OP
Maybe, but given that it's a meme stock with, perhaps, foreign investors willing to keep the price up, how... Gore1FL Mar 27 #1
Reddit has been losing money for 20 years. former9thward Mar 27 #3
I doubt he'll short it .. BUT KentuckyWoman Mar 27 #2
It will crash edhopper Mar 27 #4
Have fun watching trump's stock calguy Mar 27 #5
Someone else posted discouragement from doing so due to the RockRaven Mar 27 #6
Think about it - it may be a way for foreigners to legally applegrove Mar 27 #7

Gore1FL

(21,132 posts)
1. Maybe, but given that it's a meme stock with, perhaps, foreign investors willing to keep the price up, how...
Wed Mar 27, 2024, 10:33 PM
Mar 27

...do you time it?

I do expect NASDAQ: DJT to tank as it is a money-losing company with few or no assets and little growth potential.

Shorting Gamestop broke Melivin Capital in 2022. It's too high-risk a play for the potential gain, IMO.

edhopper

(33,580 posts)
4. It will crash
Wed Mar 27, 2024, 10:44 PM
Mar 27

The question is when?
Hard to say. A premature short could cost a fortune.
I also wonder who will accept a short on this?

calguy

(5,309 posts)
5. Have fun watching trump's stock
Wed Mar 27, 2024, 10:44 PM
Mar 27

But don't touch it. I doubt you could even find many shares to short, and if you don't have very deep pockets, you risk being hit with a margin call on the next spike and forced to cover with a huge loss. Billionaires friendly to trump are propping it up right now, so don't get in their way if you don't want to get crushed.

RockRaven

(14,967 posts)
6. Someone else posted discouragement from doing so due to the
Wed Mar 27, 2024, 11:05 PM
Mar 27

inherent volatility of meme stocks. Seemed like good advice/analysis to me when I read it. Unfortunately don't remember who it was, so can't give a link at the moment. Maybe someone else will.

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