• CaptainSpaceman@lemmy.world
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      2 months ago

      Company is profitable, has a billion dollars in the warchest, and has zero debt

      Seems like its working to me

      • The Snark Urge@lemmy.world
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        2 months ago

        I’m as happy as anyone about all that, but the DRS movement hasn’t had the effect that was hoped for exactly, has it?

        • chunkystyles
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          2 months ago

          GME folks are fucking Looney Toons. In ten years they’ll still be trying to figure out how to own the float. Whether or not GME even exists by then.

          • The Snark Urge@lemmy.world
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            2 months ago

            I used to follow the ticker, but now I can’t even remember how many I’ve got. Not as emotionally invested anymore, but still in.

            • JimboDHimbo@lemmy.ca
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              2 months ago

              I’m in, and I’m zen. Well, more “calmly insensed at financial institutions.” I enjoy knowing that I’m costing hedge funds money more than I enjoy thinking about theoretical gains at this point.

              • The Snark Urge@lemmy.world
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                2 months ago

                I sign Lauer’s petitions and read the quarterlies, but that’s about all I do. I can’t go around being angry all my li-

                Well I can and do… But I need variety. If I never sell, fine. I own a tiny piece of a “moment in time”.

  • protist@mander.xyz
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    2 months ago
    1. 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
    2. opting out of any securities lending programs, which should stop your broker from lending your shares; or
    3. 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
    4. 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

  • dogslayeggs@lemmy.world
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    2 months ago

    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.

    • Armok_the_bunny@lemmy.world
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      2 months ago

      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.

    • UnfortunateShort@lemmy.world
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      2 months ago

      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.

      • Hugh_Jeggs@lemm.ee
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        2 months ago

        See - Headline after headline about bits falling off “Boeing” planes, when they were sold by Boeing twenty years ago and badly maintained for the last ten

        🤨

          • Hugh_Jeggs@lemm.ee
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            2 months ago

            Dunno but if I didn’t service my car I wouldn’t blame the manufacturer when bits start falling off it

        • UnfortunateShort@lemmy.world
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          2 months ago

          How does this have anything to do with short selling? Besides, parts are falling of and their own engineers are speaking out against Boeing. That’s not to mention the multiple crashes that were 100% preventable, foreseeable and Boeings fault.

  • 3volver@lemmy.world
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    2 months ago

    Just spend some time reading about naked shorting, then you’ll begin to understand why the stock market is the way it is.

  • assembly@lemmy.world
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    2 months ago

    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.

    • phdepressed@sh.itjust.works
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      2 months ago

      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.

    • Wahots@pawb.social
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      2 months ago

      “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.

      • Corkyskog@sh.itjust.works
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        2 months ago

        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