dangillmor,
@dangillmor@mastodon.social avatar

Is there a way to bet on the collapse of Trump's "Media & Technology Group Corp." stock?

Strikes me as a sure thing, though I can't be sure when, given that Trump world corruption could prop it up for some time to come.

So I won't short the stock directly. Better to look at put options, I suspect.

Related: I will have absolutely no sympathy for Trump cultists who lose money buying this BS stock.

suntour, (edited )

@dangillmor
If I were to buy put options on DJT they'd be in the money and I would keep an eye on the time decay. Something you'd need to spend the day glued to a trading platform on.You can be right about the direction but too early with the trade.
Maybe I should swing trade it in a Roth, withdraw the profit and donate to voting rights groups.

options chain:
https://finance.yahoo.com/quote/DJT/options

maria,
@maria@thelife.boats avatar

@dangillmor

I hear you but options trading ugh! so easy to get the timing wrong

dangillmor,
@dangillmor@mastodon.social avatar

@maria For sure! I would never, ever short a stock. But an option, with money I can afford to lose, is tantalizing in this case...

mhkohne,
@mhkohne@mastodon.social avatar

@dangillmor Just remember, the market can remain irrational longer than you can remain solvent.

bretcarmichael,
@bretcarmichael@mastodon.social avatar

@dangillmor He can sell his shares in 6 months. I expect he’ll do that for 2 reasons: 1) he needs liquidity, and 2) if he loses the election, his value will decline and the network’s value will follow for being based on his value to the network.

mastodonmigration,
@mastodonmigration@mastodon.online avatar

@dangillmor

The issue with shorting the stock is that right now very few of the shares are tradable due to the lockouts, so the price is manipulated by a few shifty people buying and selling it trying to take advantage of the MAGA rubes. So right now shorts are very expensive and very dangerous because you don't know how long the manipulation (ie. bubble) will continue. One thing for sure is that once it goes it will drop like a rock, but this may not be until more shares become tradable.

dannotdaniel,
@dannotdaniel@mastodon.social avatar

@dangillmor some people are shorting it but I'm not sure that's a great idea.

it should not be A Thing
it should be pummeled into the ground
but practically I don't know the answer to your q

@noondlyt 👀

noondlyt,
@noondlyt@mastodon.social avatar

@dannotdaniel @dangillmor
Just stay out of the way of the falling knives for now. There's only so much that can be shorted because he owns 78%. In the near term it will be volatile and there will be short squeezes. Let the reddidiots handle the risk.

dannotdaniel,
@dannotdaniel@mastodon.social avatar

@noondlyt @dangillmor there is a joke here about how the fundamentals don't matter because it's being propped up by fundamentalists

funded by fundies is no fun at all 🤣

noondlyt,
@noondlyt@mastodon.social avatar

@dannotdaniel @dangillmor definitely fungible

dannotdaniel,
@dannotdaniel@mastodon.social avatar

@noondlyt @dangillmor I knew there was fungous among us. you know who Don't make me say it

🧀🍄

gilesforyou,
@gilesforyou@mastodon.coffee avatar

@noondlyt @dannotdaniel @dangillmor [Insert witty line re: "fundament".]

dannotdaniel,
@dannotdaniel@mastodon.social avatar

@gilesforyou @noondlyt @dangillmor is this the New Fundament or the Old Fundament

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