The math is incorrect. The total market cap of DJT is about 4 billion. Trump has 70mm shares worth 40 a share which is 2.8 billion. Austin supposedly bought puts on 12 million shares which is a lot, but the maximum gain from a short is 12mm * 40 = $480 million. So the headline is off by a factor of 1000, why bother reading the rest.
“So the headline is off by a factor of 1000, why bother reading the rest.”
not only that, but the original story that Austin Private Wealth LLC shorted 12,000,000 shares has been debunked, namely they had ACTUALLY purchased 1,200 puts on DJT, which equals shorting 120,000 shares, but the 12,000,000 shares they reported to the SEC was in error, that is the REPORT to the SEC was in error, not the amount they ACTUALLY purchased ... obviously, if APW had REALLY shorted that many shares they would have gone bankrupt the next day ...
so “sheri” at X is either stupid, ignorant, and/or a liar, and this is just another post designed to rile up ignorant FReepers ...
ALL stocks would have plummeted, not just DJT’s stocks.
Everything being shorted would have earned a profit on a successful shooting.
You’re expecting freepers who are mostly lazy couch potatoes, to bother checking out the numbers on their own, do you? (not that many could anyways). They hardly ever read past the headlines.
They just buy the propaganda from our side (and yes we have that) and then repeat it and make fools of themselves.
I thought Trump exercised an option to buy additional shares several months ago, increasing his shares from 79 million to 119 million?