this post was submitted on 15 Apr 2024
454 points (97.1% liked)

News

22583 readers
4243 users here now

Welcome to the News community!

Rules:

1. Be civil


Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban.


2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.


Obvious right or left wing sources will be removed at the mods discretion. We have an actively updated blocklist, which you can see here: https://lemmy.world/post/2246130 if you feel like any website is missing, contact the mods. Supporting links can be added in comments or posted seperately but not to the post body.


3. No bots, spam or self-promotion.


Only approved bots, which follow the guidelines for bots set by the instance, are allowed.


4. Post titles should be the same as the article used as source.


Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.


5. Only recent news is allowed.


Posts must be news from the most recent 30 days.


6. All posts must be news articles.


No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.


7. No duplicate posts.


If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.


8. Misinformation is prohibited.


Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.


9. No link shorteners.


The auto mod will contact you if a link shortener is detected, please delete your post if they are right.


10. Don't copy entire article in your post body


For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.

founded 1 year ago
MODERATORS
 

Trump Media & Technology Group’s stock is tumbling again after the company announced a massive new influx of shares. The struggling company is rapidly losing money, and a new stock offering could help it stay afloat.

But there’s a downside to going back to the market with new shares: A new public stock offering of 21.5 million shares announced Monday would add more than 15% more stock to the publicly available shares of the Truth Social owner. That would substantially devalue existing shareholders’ stakes — including that of former President Donald Trump.

Shares of TMTG (DJT) fell more than 15% Monday. The stock had rocketed higher in recent months in anticipation of merging a blank-check acquisition company with Trump’s media business. But it has lost more than 60% of its value from its peak on March 26, the day after the merger was completed and it started trading publicly as TMTG.

you are viewing a single comment's thread
view the rest of the comments
[–] astraeus@programming.dev 15 points 4 months ago (6 children)

Anyone know the easiest way to short this stock?

[–] Shiggles@sh.itjust.works 50 points 4 months ago

As a general rule, if you’re hearing about something from the news, it’s already too late to profit from it.

This might be the exception, but I’d temper any expectations accordingly.

[–] aseriesoftubes@lemmy.world 37 points 4 months ago* (last edited 4 months ago)

It’s supposedly the most shorted stock on the market, which I think means it’s going to be damn difficult to turn any sort of profit on it.

Just add DJT to the stock tracker app on your phone and pay yourself in schadenfreude as it rapidly and inevitably approaches zero.

[–] bradorsomething@ttrpg.network 12 points 4 months ago (1 children)

The short answer is, don’t bother. The premiums are so baked in that it will tank, that you’d be lucky to make any money.

[–] Suburbanl3g3nd@lemmings.world 1 points 4 months ago

Something something options are the way forward something wallstreetbets

[–] gregorum@lemm.ee 12 points 4 months ago

Just watch it. It’s doing it to itself, lol.

[–] eran_morad@lemmy.world 6 points 4 months ago (1 children)

Just stop fucking around and buy SPY.

[–] bradorsomething@ttrpg.network 3 points 4 months ago

You stop fucking around and trade futures!

[–] TropicalDingdong@lemmy.world 5 points 4 months ago (1 children)

Just buy puts. You can buy them right now.

[–] jballs@sh.itjust.works 11 points 4 months ago (2 children)

Buying puts are crazy expensive, showing just how shitty the stock is. For all puts a month out, it's gotta lose 25% of its current value just to break even.

With that being said, it's probably a safe bet.

[–] TropicalDingdong@lemmy.world 3 points 4 months ago

sell calls to fund put buying name a more iconic duo

[–] Ranvier@sopuli.xyz 2 points 4 months ago

It's not really a safe bet, one of the reasons options are expensive is because they price in the very high volatility of the stock. You can be correct about the future direction of a stock and still lose money on an option based on how much the volatility changes or how long it takes to make that move. And with enough shorting there could even be the risk of a squeeze. Best to just stay far away from that stock.