highly… that’s why he went to a shady Russian “bank” to get enough money to keep that miserable failure afloat long enough to be traded openly… he and his Russian pals are using proxies to short it, because that’s how you make BIG money FAST… and it’s perfect, because he’s going to leave a bunch of True Believers holding the bag for it…
Trump owns (iirc) about 58% of the shares in the company. He wants the price to go up. He at least wants to have the price up when his sell window is open (although a big sell off will crater the price because it both puts more shares on the market and because it signals disinterest/lack of faith).
Short sellers don’t own shares in the companies they’re shorting (with a couple of exceptions for hedging purposes). They borrow shares via their broker to sell XYZ at $50 and then buy the actual shares when XYZ hits $40.
The short interest in the company is insane, from everything I’ve read. It seems like most of the market is betting on it going down in flames probably this year.
Still, Trump’s going to walk away with what’s at least a billion or two. We need better regulation.
he only took this company public so that he could short the stock
And he can’t sell it for 90 days, so everyone else gets to short it and leave him with dust lol
Would that not be illegal?
highly… that’s why he went to a shady Russian “bank” to get enough money to keep that miserable failure afloat long enough to be traded openly… he and his Russian pals are using proxies to short it, because that’s how you make BIG money FAST… and it’s perfect, because he’s going to leave a bunch of True Believers holding the bag for it…
What? No.
Trump owns (iirc) about 58% of the shares in the company. He wants the price to go up. He at least wants to have the price up when his sell window is open (although a big sell off will crater the price because it both puts more shares on the market and because it signals disinterest/lack of faith).
Short sellers don’t own shares in the companies they’re shorting (with a couple of exceptions for hedging purposes). They borrow shares via their broker to sell XYZ at $50 and then buy the actual shares when XYZ hits $40.
The short interest in the company is insane, from everything I’ve read. It seems like most of the market is betting on it going down in flames probably this year.
Still, Trump’s going to walk away with what’s at least a billion or two. We need better regulation.