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 ...
plus insider trading
Pelosi did it
Got it. Thanks.
Market makers content to live with that exposure are speculators, not securities dealers. Specifically, they are speculators with Other People’s Money. They would be better off running a hedge fund in which all concerned are aware of the risks they’ve accepted. TBH, if the market maker is so adroit that he can survive doing business this way, he’s probably smart enough to figure out that a hedge fund manager, getting 20% of the profits instead of scalping pennies from the bid/ask, is what he ought to be.
Austin Private Wealth LLC shorted 12,000,000 shares of $DJT on 7/12/24. Congress needs to ask them some questions. fintel.io/sosh/us/djt
Hmmmm....wonder who’s plugged into Austin Private Wealth?
Austin Private Wealth LLC shorted 12,000,000 shares of $DJT on 7/12/24. Congress needs to ask them some questions.
fintel.io/sosh/us/djt
Bad timing. That’s a lot of money to some people. Their partners may want to ask some questions too.
I hope they got their clocks cleaned.
Here they are. The folks of Austin Private Wealth, LLC. They pride the selves on diversity and incousion
https://austinprivatewealth.com/our-story/team
figures
Call it a summer haircut.
It’s worth looking into. But by Monday morning they were in the red $180,000,000 and as of today’s close still down about $70,000,000 on the trade.
They may be fronts. It doesn’t appear from their website they run a hedge fund. They look like asset managers and advisers for wealthy clients. But one never knows, perhaps they do manage assets with some degree of freedom on behalf of their clients, in a partnership.
Phew!!!!
So titillating.
Many years ago I had a finance professor explaining how Millken's blend of poorly rated high yield bonds and highly leveraged equity game him an advantage over other bidders in the takeover game. (Hint: Taxes were a factor, because interest is completely deductible.)
He referred to takeovers as the "sex and violence" of finance.
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