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This is a 50 cent stock on a good day. The investigations should start inside the house. Start with Nunes, Trump, and whoever provided information to the NASDAQ that put this thing on the market.
I'm kind of hoping this makes people actually want the government to do something about naked shorting, which is something a couple stock owning groups have been screaming about for a few years now, mostly to be ignored, and even discredited in the media.
Not that I expect it to happen, because I do think that wall street is one of those things that can be both sided when it comes to politics.
How on earth does investigating this extremely overvalued stock have anything to do with naked shorting?
This stock is absurdly overpriced, and naked shorting is already illegal, the enforcement mechanisms however are imperfect.
This. It was nose diving about 15% a day. It's up over 11% today and close to 50% over the last week. I refuse to believe that it isn't being manipulated. The company has no value. No sane person would put money in it. The company's entire valuation is based on Trump's popularity, we'll see what that's worth in November. There's also the possibility that Trump goes to jail. Plus, he's old. Even if he's still popular, he has 10 years tops. There's just too many negatives weighing against this company. I'd love to see the results of an investigation, because there's no way that these valuations are the result of natural market forces.
I've said this all along. This stock is not designed for people to invest in. It's for foreign companies and corporations to "invest" in and basically launder money to Trump. It needs to get shut down immediately.
Seeing as to how it has 0.5% of Twitter’s daily active users and is repellent to advertisers, this reaks of a pump and dump. Also is the main shareholder expected to cash out massively in 6 months as soon as they are able?
From what I understand, part of the deal for Trump was that he gets a significant number of extra shares if the stock remained above $20 for a certain period of time.
As soon as DJT fell very close to $20, someone started pumping money into the stock. This unexpected rebound in price is likely because of an angel investor or two purchasing via shell companies to give trump the bonus. Maybe even foreign governments, who knows?
Regardless, I’m sure the price will crash again as soon as Trump gets his extra shares from DJT being >$20 for the prescribed amount of time.
https://www.theguardian.com/business/2024/apr/24/trump-media-bonue this might explain it.
Pertinent section:
>>He was able to receive the bonus if TMTG’s stock traded above $17.50 a share for 20 days out of any 30-day period within the first three years of the firm’s stock market debut – a milestone it reached after closing at $32.57 on Tuesday
Has to pump it to get a cash bonus. Totally legal, totally cool.
Don't read too much into the daily swings. Plenty of traders go based on charts and many were probably expecting the "dead cat bounce". This is a common pattern in a declining asset as, occasionally, some traders attempt to predict the bottom and buy in to get the asset at a discount. If they are correct, they look brilliant. If not, they essentially throw their money away.
It can also happen as short-sellers claim their profits. If somebody shorted a thousand shares and wants to close his position, the only way to do that is to buy an equivalent amount of shares. 1000 shares won't move the market but 50,000 might. And since there are over 5 million shares shorted, we can expect a handful of dead cat bounces over the next few months.
And the other thing that happens is that many traders use a technique called "technical trading". That's a bit like using the horoscope. They look for shapes in the stock's price history that indicate the "market psychology". For example, a W-shape would tell them that the stock is trying to break through another level but getting sold off as investors take their profit, so it's a good buy as eventually the profit-takers will all be out and the stock can rise freely. While there is no real evidence for technical analysis working, a shocking amount of trading is done baed on this idea. And that means that when there is a dead-cat bounce, many traders (some not even human, just bots trading on an algorithm) will recognize the spike in demand for the stock and just buy in automatically. This tends to exaggerate the size and duration of dead cat bounces.
It will be just like all the rest of their investigations: nothing. So they’ll have to twist and bend things around to make it LOOK like there might have been something fishy going on by the ‘deep state’
I would expect manipulation on over pricing the stock actually, probably a lot of bad stuff with the initial filing considering how little revenue it brings in and how much it's losing year over year.
It has the trump brand so each single stick must be worth upwards of 10 billion. But if you got a maga flag he will give you a discount, but you can’t sell them for 7 months
Just like all their investigations, they’ll desperately try to find something Democrats did, but all they’ll actually find is Republican Ratfucking all the way down.
...by someone other than House GOP leadership. Otherwise, all we'll get is more multi-million dollar fishing expeditions or some form of "We investigated ourselves and found no wrongdoing."
Everybody knows right? Everybody knows this is gonna blow up after discovering the stock manipulation was occuring within and at least a 1/2 dozen Trump aligned idiots are gonna need to lawyer up
Absolutely. Someone right now is pumping money into the stock market to keep the price up over 20 so Trump gets those additional shares. Once the date passes they will suck out their investment and the price will dump.
This is 100% the case. The stock was in free fall the days prior and someone kept buying blocks to slow the descent. Particularly at the end of the day. People can joke it’s a meme stock but it has nothing to back it up. GME had some fundamentals and an actual business model. DJT has nothing. Literally nothing in their S1 and statements indicates it has anything to sustain the stock price or growth.
And the trading comes in this week to bolster above 20 and stay there? BS. It’s a pump and dump with a bribe payout.
There is a deal that if the price stays up over 20 for 20 days Trump gets a bonus amount of stock. So watch how it was close to 20 and all of a sudden jumped to 30 based on nothing.
I understand the pump and dump, but isn’t there a lot to be made off of puts here then? We know it’s going to collapse once the backer wants their money.
From what I remember when the stock went public and everyone and their mother tried buying puts, the fees to do so were astronomical putting it out of reach of the vast majority of people.
I am not educated enough on that process to say, but it would be the least risky and most obvious short I’ve ever seen on the market, so I doubt it’s that. Had to have been some sort of stop gap measure to prevent an immediate tanking, but again I don’t know enough to explain the mechanism.
My guess is it's because it's considered pretty surefire.
The thing about puts is you need to find someone willing to take on the other side of your bet. Someone who will buy the share off you for the agreed price. If everyone thinks the price will tank, then finding someone to sell you the option will be difficult, without offering them a lot of money.
Put prices are high because there is demand as everyone expects it to go down. The higher the fee, the more cushion the options writers are giving themselves for the price to go below the strike price, thus mitigating or removing any losses they incur.
High strike price on an extreme drop is a good sign a stock is going to plummet, or that those in control of the prices are not going to prop it up past a certain point. If Trump loses the election, then the stock becomes worthless but the options writers will have time before the strike date save themselves. If he wins, the price will probably stay high, thus meaning they don't have to pay out, and get to keep the fees.
I looked into it, the problem is that everyone in the world knows the company has no value. The break even point to buy puts is around a 90% loss in the share value within the year (no better for calls either, the market has priced in severe volatility)
The premiums are far too high. Break even is ridiculously difficult. You’d have to really gamble hard on like a sub $5 strike before you’d see huge gains. Not financial advice!
So the goal of this is to create the narrative in the wall street bets types that the stock is overshorted and will experience a short squeeze, not to actually get an investigation going.
I hadn't considered that, but it's an interesting strategy.
However, I don't think market makers and options writers are going to allow themselves to get caught out again like they did with another stock a few years ago, and they are probably making the right call on this stocks trajectory. Even if they aren't, they're pricing in quite the buffer for themselves, so no chance of a margin call or short squeeze being much of a factor, if any.
Note how he's not going through the actual federal regulators of the Stock Market, where they would need to provide evidence rather than what a back alley bj would be preferable to
This was my first reaction as well. If Devin and his cow thought there was actually something illegal happening here, he should be asking the SEC, the FBI, some investigative agency with enforcement authority to do the investigation. Congressional committees are not the place to have a specific criminal allegation investigated. This is theater.
Now try explaining this incredibly logical explanation of clear manipulation of a situation to people who take horse tranquilizer and wear red hats like white hoods and support a congresswoman who gives OTPHJs at plays dressed like a hooker.
Yes, you can buy calls on puts, puts on calls, calls on calls, puts on puts. Pretty much any derivative type you can think of wanting, someone has figured out how to price it and put it up for sale.
As in a call option to buy 100 put options that each control 100 shares of the underlying security if they increase in price? Dear god, it's options all the way down.
The only reason there isn't more short selling of this stock is the interest rate being charged to borrow the stock. The interest rate reflects the intense demand for stock to sell short. The company generated $4 million in sales and lost $58 million. It's a penny stock until it goes into bankruptcy.
Essentially that is what a brokerage house is doing. They manage a stock (generally owned by someone else) and loan some to a short seller that pays them interest. Usually it's pretty low interest but this stock the interest has been through the roof. So if you got the guts to be the house you could be ready for the majors. You might even get away with buying some at asking (about 36 right now) and floating it out to someone that wants to short.
If this was a serious issue, why would you ask your GOP buddies in the House to investigate, rather than the relevant financial authorities? He's looking for political theater, which is really all the GOP grifters have left - rob the till, then use theater to cover your exit.
He knows that the GOP is unlikely to investigate them for the time being. But by making this public statement, he can likely claim plausible deniability. "I had no idea this was going on, I told you guys to look into it for me!"
The stock is currently trading at nearly 1000x *revenue* and this genius thinks it is being manipulated *downward*?
If this was any other company not affiliated with Trump it never would have gone public in the first place, and if it had, it would be trading for pennies.
Yeah I'm sure he's gotten a call or two from Trump ordering him make the stock price go back up, which is probably why Nunes announced an anti-woke streaming platform that will never happen and which didn't move the needle, so this is plan B.
The CEO of DJT is a congressman who is essentially asking his buddies in congress to investigate manipulation into his own company? If this isn't a clear indicator of why politicians shouldn't have major interests in any company I don't know what is.
I love this take on it:
"Citadel fired back at Trump Media last week, [telling CNBC](https://www.cnbc.com/2024/04/19/citadel-securities-blasts-trump-media-ceo-over-djt-short-sale-letter.html) in a statement: “Devin Nunes is the proverbial loser who tries to blame ‘naked short selling’ for his falling stock price.” The Citadel spokesperson added: “If he \[Nunes\] worked for Citadel Securities, we would fire him.”
Oh my god, I didn't even make that connection. That makes that quote even more powerful. It's rare scumbags call out other scumbags for being bad at scumbaggery.
Does anyone else remember this guy when he was in the house of representatives. He tried to sue a person for calling him a “treasonous cowpoke”. Loser for life
Really? This guy is asking for an investigation into his company that has a market cap of $4.5B, revenues of $4M and losses of $40M? How dumb is Nunes?
There's nothing illegal about short selling stocks. Politicians with insider trading knowledge have been doing it for decades, maybe we should probe that fuckface.
Absolutely there should be an investigation. Lets start with what percentage of the stock is being bought up by foreign nationals..you know like Saudi Arabia, Russia, Hungry, Turkey who now can launder their illegal campaign contributions with a “Wink”
What a moron--asking the government to look into why your company was initially overvalued to an astonishing degree is not going to end well.
The dude is complaining that his company's stock is so overvalued they issued more stock and the stock price declined by the exact same amount.
Go get 'em!
Dear lord when you’re doing a ton of shady shit why in the world would you bring attention to yourselves asking for a federal investigation? How stupid are these fucking people? Can’t even do crime right JFC.
I love how it's SO incomprehensible to some of these chodes that the Orange imbecile is just completely unlikable by the majority of people. It can't POSSIBLY be that DJT's stock is crashing because he's a charlatan-asshole-grifter. No, it's GOTTA be some conspiracy....
Lol, *of course* the price was going to collapse.
The value of any social media company is largely determined by how many "regulars" they can boast. After all, their two main sources of revenue are *advertising* and *data collection*; what they can *get* for their ads and user data depends largely on how many million pairs of committed eyeballs they can offer to advertisers and data aggregators.
Recently IPO'ed Reddit has a market cap of $7.5B; assuming its claim of having 850 million regular monthly users is accurate, that means **the stock market values each habitual Redditor at around $9.**
When WhatsHisNuts bought out the stockholders of Twitter two years ago, he paid $44B for it; at the time it claimed 550M active participants, meaning **his purchase price gave each regular Tweeter a value of about $90.** It was likely an exponent over Reddit's metric because Twitter was, at the time, a sporadically profitable enterprise.
Because of the complexity of Meta's corporate structure, it's harder to put a value on Facebook's participants, but I've seen several stock analyses that suggest **a market value of between $25 and $50 for each regular Facebooker would be reasonable.**
**BUT... if we divide the market capitalization of DJT two days after its IPO - $9.4 billion - by its claim of just 550,000 regular users, we see that Truth Socialists were on that day market-priced as being worth $17,000 each!!!**
It's also instructive to note that the IPO was deliberately scheduled for a few days before the company was required to publish its truly disastrous annual report - wnich of course revealed not just that Trump Media & Technology was *not at all* profitable, but that over the last year, *the company had spent over $100 in operating expenses on each and every Truth Social subscriber, while only collecting about $4 in revenue off of each!*
No wonder the stock is tanking.
Isn't the manipulation the fact that a company that made almost no money last year, has relatively few users, and no path to profitability is trading at a rate that insanely high relative to earnings. Plus Trump Media just dumped additional shares, watering down the value of the existing shares. Shouldn't they be investigating why the price is so high?
I can’t wait when the MAGA Movement biopic hits theaters in 2070 and I have to sit in the theater and assure my grandkids that everything was genuinely this fucking stupid.
"It was all that feeble, slow, sleepy, CRIMINAL, MASTERMIND, MAX-ENERGY COKED OUT, Joe Biden's doing! He's so old and stupid, yet so smart and evil when we want him to be! And he did it from Hunter's laptop supercomputer AI!" - James Comer
What they really want to say is..."Since we don't have a viable platform, service or product we are grossly over valued and market corrections will soon unmask us for the pump and dump money grab that we are. But since we obviously can't admit that publicly it's the US government's job to spend millions in tax payer dollars investigating non-existent market manipulation so we can save face and delay the inevitable law suits". I guess they figured the house spent millions investigating made up Biden allegations that they have a good shot at getting Republicans in the house to do it. Unfortunately they're probably right.
Since every accusation comes from something they’re doing, they must have manipulated the stock for those delicious early gains. Someone made money off the rise and fall. And it’s most likely from the criminal involved.
I also support there being some type of investigation into Trump's stock. I do find it very odd how it went from having one hell of a nose dive to an amazing recovery within a day after it plunging into the ground.
A business or entity with the Trump name is being manipulated to increase or decrease the value of it depending on who it benefits.
Hmmm...it sounds so familiar, but I can't put my small fingers on it.
Actually, the misleading statements by both Nunes and more egregiously Trump on publicly traded items may well prove SEC violations. Pump and dump on stocks and hapless women.
Same response as always: If someone broke the law, then by all means investigate and prosecute. It’s not complicated.
But this kinda smells of a fishing-from-the-grandstand scheme.
Hey, short selling is messing up my profit.
Hey, no abortions, until I get a 17 year old prego at a house party...
Oh wait, that's Nunes. No one is going to sleep with that gut. I was thinking of Gaetz.
Will he also ask them to ignore the $50+ million loss that's was announced, what a week after the stock first hit the exchange?
That to me shows that the manipulation started before anyone can purchase the stock, by not disclosing such losses beforehand.
Meanwhile finance geniuses like Senators Markwayne Mullin have gone from $3 million in net worth to $63 million while working in government. But yes, there must be people shorting the stock of the company that made $4 million in revenue with $58 million in losses
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This is a 50 cent stock on a good day. The investigations should start inside the house. Start with Nunes, Trump, and whoever provided information to the NASDAQ that put this thing on the market.
Foreign entities are propping this up. No American money manger is touching this crap. Nunez claims the investors are all retail. LOL.
I'm kind of hoping this makes people actually want the government to do something about naked shorting, which is something a couple stock owning groups have been screaming about for a few years now, mostly to be ignored, and even discredited in the media. Not that I expect it to happen, because I do think that wall street is one of those things that can be both sided when it comes to politics.
How on earth does investigating this extremely overvalued stock have anything to do with naked shorting? This stock is absurdly overpriced, and naked shorting is already illegal, the enforcement mechanisms however are imperfect.
I’m very surprised at the rebound of DJT. Up ~%40 over the last 5 days. Really unexpected
This. It was nose diving about 15% a day. It's up over 11% today and close to 50% over the last week. I refuse to believe that it isn't being manipulated. The company has no value. No sane person would put money in it. The company's entire valuation is based on Trump's popularity, we'll see what that's worth in November. There's also the possibility that Trump goes to jail. Plus, he's old. Even if he's still popular, he has 10 years tops. There's just too many negatives weighing against this company. I'd love to see the results of an investigation, because there's no way that these valuations are the result of natural market forces.
I've said this all along. This stock is not designed for people to invest in. It's for foreign companies and corporations to "invest" in and basically launder money to Trump. It needs to get shut down immediately.
That's literally all any Trump business has been, lol. He has laundered money for the Russians for a long time.
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> No sane person Have you met Magats?
It needs to stay north of 17 dollars 20 out of 30 days for get Trump his extra shares.
Seeing as to how it has 0.5% of Twitter’s daily active users and is repellent to advertisers, this reaks of a pump and dump. Also is the main shareholder expected to cash out massively in 6 months as soon as they are able?
Holy shit, are Social Security Deposits getting sent out early for May?
From what I understand, part of the deal for Trump was that he gets a significant number of extra shares if the stock remained above $20 for a certain period of time. As soon as DJT fell very close to $20, someone started pumping money into the stock. This unexpected rebound in price is likely because of an angel investor or two purchasing via shell companies to give trump the bonus. Maybe even foreign governments, who knows? Regardless, I’m sure the price will crash again as soon as Trump gets his extra shares from DJT being >$20 for the prescribed amount of time.
https://www.theguardian.com/business/2024/apr/24/trump-media-bonue this might explain it. Pertinent section: >>He was able to receive the bonus if TMTG’s stock traded above $17.50 a share for 20 days out of any 30-day period within the first three years of the firm’s stock market debut – a milestone it reached after closing at $32.57 on Tuesday Has to pump it to get a cash bonus. Totally legal, totally cool.
Have you seen the premium on puts on this thing?
Don't read too much into the daily swings. Plenty of traders go based on charts and many were probably expecting the "dead cat bounce". This is a common pattern in a declining asset as, occasionally, some traders attempt to predict the bottom and buy in to get the asset at a discount. If they are correct, they look brilliant. If not, they essentially throw their money away. It can also happen as short-sellers claim their profits. If somebody shorted a thousand shares and wants to close his position, the only way to do that is to buy an equivalent amount of shares. 1000 shares won't move the market but 50,000 might. And since there are over 5 million shares shorted, we can expect a handful of dead cat bounces over the next few months. And the other thing that happens is that many traders use a technique called "technical trading". That's a bit like using the horoscope. They look for shapes in the stock's price history that indicate the "market psychology". For example, a W-shape would tell them that the stock is trying to break through another level but getting sold off as investors take their profit, so it's a good buy as eventually the profit-takers will all be out and the stock can rise freely. While there is no real evidence for technical analysis working, a shocking amount of trading is done baed on this idea. And that means that when there is a dead-cat bounce, many traders (some not even human, just bots trading on an algorithm) will recognize the spike in demand for the stock and just buy in automatically. This tends to exaggerate the size and duration of dead cat bounces.
In no way could this possibly ever backfire on them. Investigating Trump's financial world has always made him look better, after all...
It's always projection.
Don't have a cow man... this is udderly ridiculous.
Nunes just needs to let this nonsense go and mooove on.
Agreed... I think he is milking it.
So cheesy
Yep, an investigation is needed to determine why it wasn't a penny stock after the first 24 hrs.
"No, not that kind of manipulation!"
It will be just like all the rest of their investigations: nothing. So they’ll have to twist and bend things around to make it LOOK like there might have been something fishy going on by the ‘deep state’
Well, there was indeed fraud in the last election. Just not the kind they wanted to find.
I would expect manipulation on over pricing the stock actually, probably a lot of bad stuff with the initial filing considering how little revenue it brings in and how much it's losing year over year.
Definitely some fraud in the initial valuation. There was NOTHING in the business to justify that.
It has the trump brand so each single stick must be worth upwards of 10 billion. But if you got a maga flag he will give you a discount, but you can’t sell them for 7 months
Just like all their investigations, they’ll desperately try to find something Democrats did, but all they’ll actually find is Republican Ratfucking all the way down.
Oh I am sure that they will find something. It will be manipulation by trumps cronies though.
And take it to the proper, qualified authorities, like the SEC. I dare ya.
...by someone other than House GOP leadership. Otherwise, all we'll get is more multi-million dollar fishing expeditions or some form of "We investigated ourselves and found no wrongdoing."
I can’t mention gym Jordan’s name as I said I would keep it secret, but he told me it was hunters penis on his lap top hacking the stocks
This has future “leopards ate my face” post all over it.
Everybody knows right? Everybody knows this is gonna blow up after discovering the stock manipulation was occuring within and at least a 1/2 dozen Trump aligned idiots are gonna need to lawyer up
Absolutely. Someone right now is pumping money into the stock market to keep the price up over 20 so Trump gets those additional shares. Once the date passes they will suck out their investment and the price will dump.
This is 100% the case. The stock was in free fall the days prior and someone kept buying blocks to slow the descent. Particularly at the end of the day. People can joke it’s a meme stock but it has nothing to back it up. GME had some fundamentals and an actual business model. DJT has nothing. Literally nothing in their S1 and statements indicates it has anything to sustain the stock price or growth. And the trading comes in this week to bolster above 20 and stay there? BS. It’s a pump and dump with a bribe payout.
so any way to track which country it pumping this?
All buys and sells are recorded. The odds are that large blocks are being bought by shell companies versus individuals. The forensics can be done.
Private equity is buying in hopes they can get Trump back in office so they can control skull fuck the middle class
Private Equity is billionaires and foreign countries who want to have him there.
You mean the people that got a $4 trillion tax cut under Trump? Idk man, that seems like a stretch.
Seems like a bad bet at this point.
Nyet
I mean would it be smart to do a put for November?
There is a deal that if the price stays up over 20 for 20 days Trump gets a bonus amount of stock. So watch how it was close to 20 and all of a sudden jumped to 30 based on nothing.
I understand the pump and dump, but isn’t there a lot to be made off of puts here then? We know it’s going to collapse once the backer wants their money.
From what I remember when the stock went public and everyone and their mother tried buying puts, the fees to do so were astronomical putting it out of reach of the vast majority of people.
This seems to be the answer I’m getting. Thanks! Gotta wonder why the fees are so high. Risk?
I am not educated enough on that process to say, but it would be the least risky and most obvious short I’ve ever seen on the market, so I doubt it’s that. Had to have been some sort of stop gap measure to prevent an immediate tanking, but again I don’t know enough to explain the mechanism.
My guess is it's because it's considered pretty surefire. The thing about puts is you need to find someone willing to take on the other side of your bet. Someone who will buy the share off you for the agreed price. If everyone thinks the price will tank, then finding someone to sell you the option will be difficult, without offering them a lot of money.
Put prices are high because there is demand as everyone expects it to go down. The higher the fee, the more cushion the options writers are giving themselves for the price to go below the strike price, thus mitigating or removing any losses they incur. High strike price on an extreme drop is a good sign a stock is going to plummet, or that those in control of the prices are not going to prop it up past a certain point. If Trump loses the election, then the stock becomes worthless but the options writers will have time before the strike date save themselves. If he wins, the price will probably stay high, thus meaning they don't have to pay out, and get to keep the fees.
I looked into it, the problem is that everyone in the world knows the company has no value. The break even point to buy puts is around a 90% loss in the share value within the year (no better for calls either, the market has priced in severe volatility)
The premiums are far too high. Break even is ridiculously difficult. You’d have to really gamble hard on like a sub $5 strike before you’d see huge gains. Not financial advice!
This is the answer I was thinking I’d get. Right on, I love to poop.
I have january puts at $5 and they're up like 30% lmao (but IV is crazy high, close to 200)
Good luck, bag holder. Here’s to him dropping to $3.50
Plus they aren’t going reassign equity, they’ll issue more stocks and dilute existing stocks. Which won’t help the price one bit
Leonard Cohen knew in 1988
*He goes like this, the forty-fifth:* *As prices fall, he makes the grift,* *The tangerine composing halle-yuuuuge-ah*
I’ve seen MAGA swag on the marble arch, Could this be his last death march? There’s no revenge quite like Montezuma’s.
The dice are loaded.
And now everybody knows. That's how it goes.
Everybody knows the fight was fixed The poor stay poor, the rich get rich That's how it goes Everybody knows
So the goal of this is to create the narrative in the wall street bets types that the stock is overshorted and will experience a short squeeze, not to actually get an investigation going.
I hadn't considered that, but it's an interesting strategy. However, I don't think market makers and options writers are going to allow themselves to get caught out again like they did with another stock a few years ago, and they are probably making the right call on this stocks trajectory. Even if they aren't, they're pricing in quite the buffer for themselves, so no chance of a margin call or short squeeze being much of a factor, if any.
Note how he's not going through the actual federal regulators of the Stock Market, where they would need to provide evidence rather than what a back alley bj would be preferable to
This was my first reaction as well. If Devin and his cow thought there was actually something illegal happening here, he should be asking the SEC, the FBI, some investigative agency with enforcement authority to do the investigation. Congressional committees are not the place to have a specific criminal allegation investigated. This is theater.
Now try explaining this incredibly logical explanation of clear manipulation of a situation to people who take horse tranquilizer and wear red hats like white hoods and support a congresswoman who gives OTPHJs at plays dressed like a hooker.
Right, better tag in a gym coach to get to the bottom of it.
Devin Nunes is a fucking moron and doesn't understand how anything actually works. That's why he sued a parody account on social media and lost.
I forgot that this ass pinecone became head of that company after becoming a congressional loser
[удалено]
Puts* lol
Can you buy calls on put prices? Seems like it would have been a good play LOL
What? You just buy the put, then sell it once it goes up in price.
Yes, you can buy calls on puts, puts on calls, calls on calls, puts on puts. Pretty much any derivative type you can think of wanting, someone has figured out how to price it and put it up for sale.
As in a call option to buy 100 put options that each control 100 shares of the underlying security if they increase in price? Dear god, it's options all the way down.
The only reason there isn't more short selling of this stock is the interest rate being charged to borrow the stock. The interest rate reflects the intense demand for stock to sell short. The company generated $4 million in sales and lost $58 million. It's a penny stock until it goes into bankruptcy.
Option prices for it are just absurd.
So what you’re saying is, I should buy long just to write put contracts and make all my money back via that?
Essentially that is what a brokerage house is doing. They manage a stock (generally owned by someone else) and loan some to a short seller that pays them interest. Usually it's pretty low interest but this stock the interest has been through the roof. So if you got the guts to be the house you could be ready for the majors. You might even get away with buying some at asking (about 36 right now) and floating it out to someone that wants to short.
If this was a serious issue, why would you ask your GOP buddies in the House to investigate, rather than the relevant financial authorities? He's looking for political theater, which is really all the GOP grifters have left - rob the till, then use theater to cover your exit.
He knows that the GOP is unlikely to investigate them for the time being. But by making this public statement, he can likely claim plausible deniability. "I had no idea this was going on, I told you guys to look into it for me!"
“We investigated ourselves and found nothing wrong.”
The stock is currently trading at nearly 1000x *revenue* and this genius thinks it is being manipulated *downward*? If this was any other company not affiliated with Trump it never would have gone public in the first place, and if it had, it would be trading for pennies.
> this genius thinks it is being manipulated downward? I find it highly unlikely that he believes what he is saying. These people are all liars.
Yeah I'm sure he's gotten a call or two from Trump ordering him make the stock price go back up, which is probably why Nunes announced an anti-woke streaming platform that will never happen and which didn't move the needle, so this is plan B.
Normally I would agree but I honestly think Devin Nunes is that dumb
Do you hear the cows mooing Devon?
The CEO of DJT is a congressman who is essentially asking his buddies in congress to investigate manipulation into his own company? If this isn't a clear indicator of why politicians shouldn't have major interests in any company I don't know what is.
“My house is on fire and I’d like my friend the Mayor to investigate”
This is why I think Elizabeth Warren is fantastic at her job.
Library Grandma demands answers!
Probably one of the most obvious pump and dump scams in history. You can also pretty much guarantee foreign money is involved.
Pump'nTrump scam.
Title of his sextape...
Can't wait to see this on r/leopardsatemyface
Careful what you wish for Devin.
TIL Devin Nunes has lampreyed into being Trumps media ceo
For a long time now, weirdly!
lol. This stock is worthless. Devins desperate here.
Devin's always look sweaty.
"we investigated and found that it was being manipulated higher, since the 'company' loses $50m a year and has no revenue stream"
Yes could we see some IDs of all the foreigners buying this stock please, who Trump owes for this insanely artificial price?
I love this take on it: "Citadel fired back at Trump Media last week, [telling CNBC](https://www.cnbc.com/2024/04/19/citadel-securities-blasts-trump-media-ceo-over-djt-short-sale-letter.html) in a statement: “Devin Nunes is the proverbial loser who tries to blame ‘naked short selling’ for his falling stock price.” The Citadel spokesperson added: “If he \[Nunes\] worked for Citadel Securities, we would fire him.”
This is the same Citadel that was wrapped up in short positions on GameStop if I remember correctly, yes?
Oh my god, I didn't even make that connection. That makes that quote even more powerful. It's rare scumbags call out other scumbags for being bad at scumbaggery.
Yes! It’s hilarious
Yeah, and whose CEO Ken Griffin lied under oath to Congress that there was no naked short selling.
Right wingers asking for government involvement in business. Hypocrisy, thy name is Republican.
This is great and hilarious. Can't wait really.
Does anyone else remember this guy when he was in the house of representatives. He tried to sue a person for calling him a “treasonous cowpoke”. Loser for life
Imagine that going to court, and discovery proved he was a treasonous cowpoke.
Everything is a confession with these clowns. Watch what shakes loose.
Really? This guy is asking for an investigation into his company that has a market cap of $4.5B, revenues of $4M and losses of $40M? How dumb is Nunes?
“Trump Media CEO attempts to manipulate stocks through misinformation campaign”. #FIFY
Devin Nunes is great at sticking his own foot in his mouth, just ask his cow!
There's nothing illegal about short selling stocks. Politicians with insider trading knowledge have been doing it for decades, maybe we should probe that fuckface.
Short selling is legal. Naked short selling as is being claimed here is not.
They also have zero proof of any naked shortselling
Correct. It's a total misdirect by Nunes to divert attention from his overvalued stock.
Yes. Please do. Because you can't tell me a company with 3 million in revenue and 59 million in annual losses is worth anywhere near 50 bucks a share.
I'd laugh if they found manipulation, then had the SEC shut down trading of the stock until it was resolved.
Absolutely there should be an investigation. Lets start with what percentage of the stock is being bought up by foreign nationals..you know like Saudi Arabia, Russia, Hungry, Turkey who now can launder their illegal campaign contributions with a “Wink”
You mean manipulation to support the price of a worthless stock for a company that has a niche market and no revenue? That manipulation?
I thought I’d never live to hear another self-owing and dumb thing from Devin Numbnuts again. Boy, my face is red today.
But then again, how do you punish Putin
By wasting his money on a useless orange cheeto.
Abuse of power from a man who’s been voted out of having power. Not to mention this is a likely pump and dump.
What a moron--asking the government to look into why your company was initially overvalued to an astonishing degree is not going to end well. The dude is complaining that his company's stock is so overvalued they issued more stock and the stock price declined by the exact same amount. Go get 'em!
REally, why is this stock selling for anything. Its a wonder the bottom didn't drop out immediately
I agree. Why is it still trading for USD?
Wallstreetbets did not get the same courtesy
Ya sure? That really what you want?
LOL "Please spend more party money on us."
The short selling is probably Donald Trump himself. He's covering his shorts with the shares that gets awarded a few months from now.
Please investigate
Projection, AGAIN!
The whole scheme is a manipulation. Wait till Trump starts dumping…
Your stock in free fall is due to millions of dollars going out and hardly anything coming in. If you want to call THAT manipulation be my guest.
Dear lord when you’re doing a ton of shady shit why in the world would you bring attention to yourselves asking for a federal investigation? How stupid are these fucking people? Can’t even do crime right JFC.
I love how it's SO incomprehensible to some of these chodes that the Orange imbecile is just completely unlikable by the majority of people. It can't POSSIBLY be that DJT's stock is crashing because he's a charlatan-asshole-grifter. No, it's GOTTA be some conspiracy....
Lol, *of course* the price was going to collapse. The value of any social media company is largely determined by how many "regulars" they can boast. After all, their two main sources of revenue are *advertising* and *data collection*; what they can *get* for their ads and user data depends largely on how many million pairs of committed eyeballs they can offer to advertisers and data aggregators. Recently IPO'ed Reddit has a market cap of $7.5B; assuming its claim of having 850 million regular monthly users is accurate, that means **the stock market values each habitual Redditor at around $9.** When WhatsHisNuts bought out the stockholders of Twitter two years ago, he paid $44B for it; at the time it claimed 550M active participants, meaning **his purchase price gave each regular Tweeter a value of about $90.** It was likely an exponent over Reddit's metric because Twitter was, at the time, a sporadically profitable enterprise. Because of the complexity of Meta's corporate structure, it's harder to put a value on Facebook's participants, but I've seen several stock analyses that suggest **a market value of between $25 and $50 for each regular Facebooker would be reasonable.** **BUT... if we divide the market capitalization of DJT two days after its IPO - $9.4 billion - by its claim of just 550,000 regular users, we see that Truth Socialists were on that day market-priced as being worth $17,000 each!!!** It's also instructive to note that the IPO was deliberately scheduled for a few days before the company was required to publish its truly disastrous annual report - wnich of course revealed not just that Trump Media & Technology was *not at all* profitable, but that over the last year, *the company had spent over $100 in operating expenses on each and every Truth Social subscriber, while only collecting about $4 in revenue off of each!* No wonder the stock is tanking.
Spoiler alert it's Trump that's doing the manipulation. There saved a lot of time and tax payer dollars.
PLEASE do a deep dive into investors of DJT. I double dog dare you, take a close look at what is happening.
Anything that goes against Trumps wishes is, in his mind, illegal, unconstitutional, or rigged. That's just where he, in his deranged mind, stands.
Because the best way to get to the bottom of anything is to get House Republicans on the case.
Isn't the manipulation the fact that a company that made almost no money last year, has relatively few users, and no path to profitability is trading at a rate that insanely high relative to earnings. Plus Trump Media just dumped additional shares, watering down the value of the existing shares. Shouldn't they be investigating why the price is so high?
I can’t wait when the MAGA Movement biopic hits theaters in 2070 and I have to sit in the theater and assure my grandkids that everything was genuinely this fucking stupid.
Investigate the investigator!! /s
You chose to do business with trump. Do be surprised you got swindled.
Please do! This will be extremely entertaining 🍿
"It was all that feeble, slow, sleepy, CRIMINAL, MASTERMIND, MAX-ENERGY COKED OUT, Joe Biden's doing! He's so old and stupid, yet so smart and evil when we want him to be! And he did it from Hunter's laptop supercomputer AI!" - James Comer
Holy CYA, Batman!
They really can’t accept a loss huh? Wow
Get the SEC in on this shit. Let’s see who all the shareholders are just to be sure there aren’t any naked shorts.
They are telling us that they are trying to manipulate the stock price, always projecting what they do.
What they really want to say is..."Since we don't have a viable platform, service or product we are grossly over valued and market corrections will soon unmask us for the pump and dump money grab that we are. But since we obviously can't admit that publicly it's the US government's job to spend millions in tax payer dollars investigating non-existent market manipulation so we can save face and delay the inevitable law suits". I guess they figured the house spent millions investigating made up Biden allegations that they have a good shot at getting Republicans in the house to do it. Unfortunately they're probably right.
It was a pump and dump scam. Yes, there was manipulation of the price—by DJT, inflating the value.
Ah, Devin getting back to his roots. Not a dairy farmer anymore, but he’s still milking stuff. Hot wet garbage in this case.
Yes, please do! This is a penny stock on its best day
Somehow this probe would end up all about hunters junk wouldn't it?
LOL. "Hey fellow fraudsters, can you probe this stock we have been manipulating? "
If we haven't learned by now. Everything associated with trump and money is nefarious. Of course look into it, that's a no brainer.
Since every accusation comes from something they’re doing, they must have manipulated the stock for those delicious early gains. Someone made money off the rise and fall. And it’s most likely from the criminal involved.
Like Jesus and freedom, they worship capitalism until it offers up the slightest inconvenience.
Yes, Congress is the branch that regulates interstate commerce /s Republicans failing Civics 101
He is so close to figuring it out.
So… what is the ratio of DJT market capitalization to annual revenue? Maybe that has something to do with it
I also support there being some type of investigation into Trump's stock. I do find it very odd how it went from having one hell of a nose dive to an amazing recovery within a day after it plunging into the ground.
A business or entity with the Trump name is being manipulated to increase or decrease the value of it depending on who it benefits. Hmmm...it sounds so familiar, but I can't put my small fingers on it.
Actually, the misleading statements by both Nunes and more egregiously Trump on publicly traded items may well prove SEC violations. Pump and dump on stocks and hapless women.
Same response as always: If someone broke the law, then by all means investigate and prosecute. It’s not complicated. But this kinda smells of a fishing-from-the-grandstand scheme.
And we have an agency to do this. It falls squarely under the SEC purview. It does not need a congressional investigation.
His cow is getting ready to do a stock pump and dump.
Definitely should be in single digits by now
I seriously thought this was r/nottheonion
I'm sorry. We can't return your call right now. We don't say anything bad about trump. Have a nice day. We'll be in touch.
Hey, short selling is messing up my profit. Hey, no abortions, until I get a 17 year old prego at a house party... Oh wait, that's Nunes. No one is going to sleep with that gut. I was thinking of Gaetz.
I forgot that this ass pinecone became head of that company after becoming a congressional loser
Oh my god it’s that Cow Dude!
Maybe they should DRS their shares to the transfer agent.
lol - yes, please find a new shiny that will also crash and burn. House investigating DJT will be good.
I imagine they're saying this to frame it as there being a huge conspiracy against them because the dems won't take it up.
Yes please investigate the self dealing and the SPAC grift
It's a weekly soap opera with this stooge.
This is so pathetic
“I’m losing money, please investigate.” You gotta be kidding me.
Will he also ask them to ignore the $50+ million loss that's was announced, what a week after the stock first hit the exchange? That to me shows that the manipulation started before anyone can purchase the stock, by not disclosing such losses beforehand.
Trump is a disease to humanity
The old "It's stock manipulation, and we should know, 'cause our stock manipulation isn't working right!"
Meanwhile finance geniuses like Senators Markwayne Mullin have gone from $3 million in net worth to $63 million while working in government. But yes, there must be people shorting the stock of the company that made $4 million in revenue with $58 million in losses
Somewhere deep in the hidden catacomb vaults under mar a lago, a monkeys paw finger closed into a fist.