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Trump Media stock erases all gains since it began trading as DJT shares fall again
(www.nbcnews.com)
this post was submitted on 10 Apr 2024
223 points (97.4% liked)
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I'm still confused by this... doesn't it mean you have to pay for the stock if it doesn't fall as well? So in that case, it helps benefit Truth Social?
I guess I'm not understanding who benefits if shorting doesn't work.
Whoever actually owns the stock and whoever you sold it to both benefit from the stock increase. Basically, everyone wins except the one shorting.
In other words, that would end up generating money for Trump himself.
Which sounds like a good enough reason not to make that gamble.
Well the stock rising does generate money for Trump no matter if anyone shortsells it.
If you shortsell, you position yourself against the stock.
If it rises Trump wins and you lose.
If it falls Trump loses and you win.
But neither way is it you shorting the stock that makes Trump win.
He wins if the company represented by the stock actually grows in value and the stock price rises or if idiots buy his stocks and make the price go up. But I predict that after a brief rush on the stock by his gullible idiots in the beginning noone will want to buy his stock anymore.
That's why I would consider shorting it, because I predict the stock to keep falling.
This I predict because I think the company that is represented by the stock is shit and basically worthless, which the stockprice should represent in due time.
A shortseller thus wants to profit off of Trumps losses.