Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
Trump Media tells shareholders how to block their DJT stock being loaned to short sellers
The price of DJT has sharply fallen in recent weeks, cutting billions of dollars in value from Trump Media shares held by Donald Trump and others.
They should’ve made it a video. I’m pretty sure the average DJT investor can’t read.
Yeah, because "not lending to short sellers" sure saved GameStop.
- holding your DJT shares in a cash account at your brokerage firm instead of a margin account (a model instruction letter is set forth under the heading “Example Form of Letter to Broker” below); or
- opting out of any securities lending programs, which should stop your broker from lending your shares; or
- moving your shares to Odyssey Transfer and Trust Company, the Company’s transfer agent (please note that you may incur certain costs in connection with any such transfer and once your shares are moved to our transfer agent, your ability to timely transfer your shares back to a brokerage firm and sell may be a longer process); or
- transferring your shares to your bank (if they have custody services) and holding them in your retirement account (if permitted by your plan).
Bold of them to think their target audience can read this many words
Maybe I've just been conditioned to suspect Trump grift everywhere, but I suspect Odyssey has some kickback going to Trump.
I also suspect that. I like how it says sales will be delayed, aka "you will be left holding the bag."
Here's their team if anyone wants to do some digging-
Bold of them to think they have a brokerage firm.
Their marks are going to print out stock certificates and put them in a gun safe.
holding them in your retirement account
Hahahahaha. Not going to be much in the bag at that point.
It's going to be rehashed into a dozen bitchute videos by dudes in Hawaiian shirts with dramatic hyperbole explaining it along with likely a side of misinformation and con artist profiteering.
The whole idea of short selling is wild and feels like it should be illegal, so I'm totally OK with informing people how to prevent what they see of as an investment from getting loaned to people who are only trying to devalue that investment.
However, it is funny coming from a guy who has probably done more shortselling in the last hour than most people will do in their lifetimes. It's also scummy to recommend paying to use a holding company he probably owns or gets kickbacks from.
The whole stock market is gambling, short selling is just the way to profit on the prediction of a price going down instead of up. Really short selling is one of the least sketchy things the stock market does, because at least it's public how it works.
The problem is not short selling, the problem are rich people manipulating the market in ways that should definitely be illegal.
How it's allowed to first short a stock and then release some "secret" (and often partly or complete bullshit) info is beyond me.
Why do you think short selling should be illegal? It's just borrowing shares
The way the stock market should work is someone investing money in a company they believe in. If the company does well, then you can receive dividends and/or sell some later on to turn a profit.
But greedy people have turned it into a game, into gambling. People who do it for a living know all the tricks, have supercomputers, have knowledge of other people's investments to create algorithms.
Has almost nothing to do with the company itself. They contribute nothing to society. Borrowing shares to short a stock is just an extension of that. You can make a lot more money that way, but again... it's gambling, not an investment in a company.
But…but….but…the market will self regulate?
They don't like the invisible hand when it starts slapping them around.
This ain't no regular slap.
This be a Bernie Mack Pimp Slap Extraordinaire
Just spend some time reading about naked shorting, then you'll begin to understand why the stock market is the way it is.
I can’t believe the stock is actually going up in price. Seems like lunacy. It made sense that for the past month it’s been dropping but a bounce like this is making me doubt the nature of my reality.
Cause the numbers aren't real, just like Tesla. Inflated due to the leaders' cult (and in this case possible "actors")not for any business reason.
Short cover rally.
"If something sounds too good to be true, it probably is"
Time will tell. Everything sounds far too good to be true, considering that the social media platform is tiny and hemorrhaging money.
I feel like it will always have some weird intrinsic value as a potential in group until the election. If DJT pulls off a successful presidential win, then people who hold his stock may think they are less likely to be purged
lol idiots.
His business prowess is truly remarkable.