Posted on 07/17/2024 5:57:42 AM PDT by hardspunned
Shorts against the Truth Social stock more than doubled from July 1 -July 12, meaning, people or large organizations were predicting that by Monday the stock would plummet, something that undoubtedly would have occurred had President Trump died in Pennsylvania.
(Excerpt) Read more at x.com ...
Lawyer: Accused Man Knew of Attacks
(AP) ^ | SETH HETTENA
Posted on 5/24/2002, 4:03:26 PM by Dallas
SAN DIEGO —
An Egyptian-born financial analyst charged in a nationwide stock swindle may have known about the Sept. 11 terrorist attacks and tried to profit from them, a federal prosecutor said Friday.
Amr I. “Tony” Elgindy telephoned his broker on Sept. 10 and asked him to liquidate his children’s $300,000 trust account, Assistant U.S. Attorney Ken Breen told a federal judge at Elgindy’s detention hearing.
“He made a comment predicting the market would drop to 3,000” at a time when the Dow Jones stock index was at 9,600, Breen said. “Perhaps Mr. Elgindy had pre-knowledge of the Sept. 11 attacks. Instead of trying to report it, he tried to profit from it.”...
Check Pelosi’s stock market activity.
Just so happens that a stock trader with ties to two crooked and later incarcerated FBI agents and family links to the Democratic party shorted stocks the day before 9/11/2001, too.
That was my first thought, when I read this headline ... those who sickeningly profited off of 9/11.
Naked shorts which are very difficult to identify as it is dark groups, sometimes not on US soil, doing this
What is being described is planning a tragedy or Black Swan event and shorting stock that will fall when your tragedy occurs. Plan to assassinate Trump & bet a stock linked to him will fall when he is killed.
Congress also bets on stocks that will go up using information they alone are privy to. (Insider trading)
Any way to find out whose accounts those were?
I have had great admiration for Musk for quite a few years now. He is an honorable man. He speaks candidly. As you rightly say, his acquisition of (Twitter) X may have saved the rapidly vanishing freedom of speech in this country.
Musk (as Trump) could have easily stayed completely out of politics, enjoying his billions and having fun with SpaceX and Tesla. But he chose to get involved. And he is openly supporting truth, justice and the American Way (to coin a phrase). A great man.
lol, I see what you did there.
It could just be that they are betting that Trump will sell some shares when his lockout period ends.
but they’re not carrying a long position; they’re selling naked shorts and then the FTD’s for many of these shorts are off the charts. Days on end of failing to deliver shares
and you’ll never know because the bulk of shorting is naked.
no. Trump will not sell any meaningful amount as he will never jeopardize his majority stakeholder position but, more importantly, it is VERY expensive to short; they would not do that months prior to the expiration.
Did they short the stock or buy puts? It’s been volatile. It doesn’t make money. Earnings report should be out in August. I’m just suggesting alternate theories other than inside job stuff.
This is what I always say. If people followed the money leading up to the Civil War, they would understand very well why we had a Civil War.
The money trails always tell you the truth of what happened.
the agenda driven forces are NAKED shorting this company to destroy it. The float is low in the scheme of things so they can’t find shares to borrow. you can buy naked puts too
but that doesn’t get clicks .
I have long called for a law or an amendment that forbids congressmen and senators from increasing their wealth during their term of "service" beyond their congressional salaries.
We very much need to take out all profit motive for anyone serving in Congress or the Senate.
My first though was that they shorted the stock beginning July 1, because they thought the Merchan would sentence Trump to prison on July 11. But on July 2, Merchan postponed the sentencing to September 24, and so that theory no longer flies.
Yes. Or income from any other sources. We need to make people understand that they will not be allowed to become rich while in Congress. We expect them to serve, not profit.
The naked shorting has to stop. It’s criminal that the prime brokerages permit it. The prime brokers do have an exemption though. If they are forced to book a large number of puts, they can go naked short to hedge their position. That’s one of the loopholes. And it is exploited. And it adds to volatility and creates artificial inventory because someone has to buy those naked shorts as a long position. The increase in supply obviously negatively impacts the share price.
There is certainly plenty of surface level evidence of possible conspiracy, or just plain negligence. The obvious one being leaving a rooftop within eyesight of the President without cover. Now we have this shorting, though I’d like to see (as you seem to be suggesting) how much shorting was going on not just the days before but the last weeks and months. My initial thought was Trump may sell some shares to cover potential legal fees, fines etc esp that absurd $400 million out of NY. Plus another apx $100 mil to Carrol. It’s absurd but there’s still a chance he can’t win on appeal. He also owes $175 million to the guy who put up the appeal bond.
I don’t know how many shares he’d have to sell to cover the $500 million, and whether he’d lose outright control of DJT. Though he may lose an outright controlling interest he would still likely be able to control the company with the proxy votes of other shareholders. Elon Musk only controls 13% of Tesla (his brother another large chunk from their solar city acquisitions). That said, the forces trying to short the stock may indeed be trying to deprive him of the ability to use those shares to raise capital. There is no other reason, except plain old greed. Which is also possible.
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