MLAA
MLAA's JournalTFG's bond hearing is today in the NY Civil case. Here's hoping it is deemed deficient and the fire sale begins!
After a couple of google searches I still cannot find when the hearing starts today. Anyone know?
Kerry Kennedy is on fire in a speech for Joe Biden (her entire family less the anti vaxer)
She is still speaking now. If you missed it, find the replay it is AMAZING and compelling.
DJT stock down 16% after company files S-1 Resale Registration Statement
https://finance.yahoo.com/news/trump-media-technology-group-files-131700561.html
Everyone's likely to lose on DJT stock
Who could have seen that coming?
https://finance.yahoo.com/news/why-shorting-trump-djt-stock-175000212.html
If the social-media platforms stock DJT keeps falling, it will be because of selling by former bulls who are now getting out of their investments, according to Ihor Dusaniwsky, managing director of financial analytics at S3 Partners. Thats because there arent many shares available to short, and the cost to make a bearish bet can be prohibitive.
Trump Media shares were down 3.5% in afternoon trading Wednesday to trade below the $49.95 level where they closed on March 25 the day before the ticker symbol changed to DJT from DWAC following the companys merger with a special-purpose acquisition company, or SPAC, an instrument also known as a blank-check company.
The stock had initially soared as much as 58.9% to an intraday high of $79.38 on March 26 before pulling back to close that day up 16.1%, at $57.99. Since then, it has shed 14.1%.
Read: Trumps DJT stock trades at multiples that exceed the peak of the meme-stock era
To short a stock the act of selling a stock without ever owning it, on the expectation it can be bought back later at a lower price that stock first has to be borrowed from someone who does own it and is willing and able to lend it. The fewer shares there are available to borrow, the higher the cost to borrow them. (Read more about the mechanics behind a short sale here.)
There is very little stock available to borrow to support new short selling less than 50,000 shares and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels, Dusaniwsky told MarketWatch on Tuesday.
Based on that data, to short 100 shares of Trump Media & Technology Group at the current price, it would cost between $24,895 and $29,874 a year. That means the stock would have to fall about 1.4% a day just to cover the cost of shorting it. And if the short were held for a year, the bet would still lose about $20,000 to $25,000, even if the stock price fell
Another text from TSF's daughter in law. I'm finding it very therapeutic to answer them.
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Reposting to the appropriate forum: Here's my reply to a text from Lara T nominating me for Living Legend status
Two weeks ago I could not stop myself from replying to an unsolicited email lying about President Biden and trying to frighten me into buying gold coins. Since then Ive received about 20 similar emails a day. While answering the original one was therapeutic, and I knew Id probably pay for it with a barrage of junk emails, I didnt expect this honor to be bestowed upon me:
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Here's my reply to a text from Lara Trump nominating me for Living Legend status
Two weeks ago I could not stop myself from replying to an unsolicited email lying about President Biden and trying to frighten me into buying gold coins. Since then Ive receive about 20 similar emails a day. While answering the original one was therapeutic, and I knew Id probably pay for it with a barrage of junk emails, I didnt expect this honor to be bestowed upon me:
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My post rebuttal thought: The republicans sure do love their women in the kitchen smiling, whisper talking and
wearing a big cross. Theyve never put a man in the kitchen for a rebuttal.
Who else is checking news sites every few minutes waiting for Judge Arthur Engoron's ruling?
I hope the amount is startling.
What was the best concert (or two) you've ever been to and one that you wished you had been to?
Mine Bruce Springsteen in Atlanta in the early 80s. The one I missed was Pat Benatar. She was interviewed by the Atlanta Constitution before her concert and I remember one of her quotes some 40 years later, even though I have trouble remembering things that happened last year: Some women say if you love me and leave me Ill die, I say if you love me and leave me Ill kick your ass.
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Name: MelissaGender: Female
Hometown: Tucson/AZ
Member since: Sun Apr 16, 2017, 01:26 PM
Number of posts: 17,267