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kysrsoze

(6,021 posts)

2. Classic pump and dump scheme. Watch it plummet once...

Reply to ificandream (Original post)

Tue Mar 26, 2024, 01:17 PM

Mar 26

Reality of very little current or future income sets in. By then, TSF will have sold all his stock.

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Trump's social media company soars nearly 50% in its first day of trading on Nasdaq [View all] ificandream Mar 26 OP

Maybe the universe ain't "just" after all. 3Hotdogs Mar 26 #1

On paper. Lots of time for it to drop to reflect fundamentals before he can access it 6 months plus down the road. nt Bernardo de La Paz Mar 26 #13

Exactly. His shares aren't worth shit right now. n/t iluvtennis Mar 26 #26

But media sells by sensational headlines, where fact don't matter. . . . nt Bernardo de La Paz Mar 26 #28

I've read a little more on the lockup agreement and it also prohibits selling options. If that were not the case, Musk, 24601 Mar 27 #39

Thanks for that info about the options - good stuff. n/t iluvtennis Mar 27 #40

Classic pump and dump scheme. Watch it plummet once... kysrsoze Mar 26 #2

Yes it's just like those Digital Trading Cards that turned out to be worthless FakeNoose Mar 26 #33

Wonder if anyone here bought short on margin like they said they would? MichMan Mar 26 #3

Market watch says 135 M shares outstanding and 3.7 million are shorted Bernardo de La Paz Mar 26 #12

By now... appmanga Mar 26 #29

Money Laundering yankee87 Mar 26 #4

Sadly legal. jimfields33 Mar 26 #5

Not legal. Deutsche Bank paid about $640 million dollar fine 2017 for its role in stock trades that laundered. . . .nt Bernardo de La Paz Mar 26 #18

Oh wow. I thought foreigners could buy our stocks. jimfields33 Mar 26 #21

Hoards of short sellers... Think. Again. Mar 26 #6

I suspect brokers are snatching up shares now to sell to suckers before the price plunges. Martin68 Mar 26 #7

Brokers have not been needed to buy stocks since the 1980s. former9thward Mar 26 #20

Are you suggesting there are no stock brokers left? If not, why did you assume I'm unaware that stocks can be purchased Martin68 Mar 27 #36

Why would brokers "snatch up shares"? former9thward Mar 27 #38

The Stock Market is a Casino. bluestateboomer Mar 26 #8

So tell me; what do you think your pension fund is invested in? mahatmakanejeeves Mar 26 #10

Most IPOs like this go up IbogaProject Mar 26 #9

There is an asymmetry with IPOs IbogaProject Mar 26 #11

So, wonder if this is being pushed by 401 k consultants? bluestarone Mar 26 #14

This is not a good look for the stock market, when a worthless company can be worth so much. Mr. Sparkle Mar 26 #15

Can you imagine the price plummeting a month before he is allowed to sell louis-t Mar 26 #16

He does not need to petition any court. former9thward Mar 26 #19

True... berksdem Mar 26 #23

We've all seen the movie "Game Stop". We know how this ends... SKKY Mar 26 #17

Don't you mean the move called "Dumb Money?" (Sony Pictures) Pluvious Mar 26 #31

Billionaires deserve a good short squeeze to make them squeal IronLionZion Mar 26 #35

It's called "Pump and Dump" RainCaster Mar 26 #22

This won't last Picaro Mar 26 #24

Closed at $57.99, High was $79.38 Kennah Mar 26 #25

Which Trump proxys are moving behind the scenes? pfitz59 Mar 26 #27

DJT is a meme stock that relies on the greater fool/idiot theory LetMyPeopleVote Mar 26 #30

Reminds me of Al Bundy explaining to... Pluvious Mar 26 #32

I encourage MAGA patriots to buy the stock now, go all in, the retirement fund, college fund, bet the farm IronLionZion Mar 26 #34

In '77, I bought a Pet Rock for $4.19, and now it's worth a staggering Torchlight Mar 27 #37

Disgusting Rebl2 Mar 27 #41