Who is Shorting Trump Media & Technology Group Corp (NASDAQ: DJT) stock

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Posted on 09/24/2024 7:12:39 AM PDT by Eleutheria5

I bought my first ETFs of DJT (the flag ship corporation of Truth Social) months ago at over $30.00. Despite Trump's rise in the polls, two assassination attempts, and loads of revelations about his new opponent's shortcomings, the stock price has slid from that high to $11.75, and each time it slid more, I doubled down and bought more at the cheaper price, which is bogging down my limited portfolio. Now it's finally going up, and at the start of business today rose by about 75 cents and is still rising.

One possible explanation is that some rich, powerful person is deliberately shorting the security. And there's a regular rogue's gallery of rich Trump haters who might do so.

Fortunately, we have some history to teach us a course of action. About a year or so ago, fat cats had decided to short a popular sporting goods store out of existence, and small-time investors on the Robin Hood platform put a stop to it, by consistently buying en masse the stock, forcing the price up. Their rebellion was duly punished, and Robin Hood put a stop to their uppitiness.

But the lesson remains learned, and I propose we do so for our fearless leader's flagship stock as well. It's still at 12.53 a share or thereabouts, climbing up from a low of 11.75 this morning. So those of you who have money to invest, buy some DJT stock now, while it's still cheap. If enough people do so, it will drive the price up even further.

Full disclosure. You'll also be bailing my stagnating margin out of the doldrums in a big way, giving me liquidity to venture on more investments, and grow my wealth, such as it is.

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Thank you very much and God bless you.

As I wrote this, the stock went up to $12.91. Get in while the getting in is good.

1 posted on 09/24/2024 7:12:39 AM PDT by Eleutheria5

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