Austin Private Wealth LLC shorted 12,000,000 shares of $DJT on 7/12/24.
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Have they scrubbed their web presence yet?
Who was the brokerage firm that executed that short sale?
Where did they borrow the 12 mm shares?
Was this a 12mm naked short sale?
<> naked shorting is selling a stock short & not borrowing the shares before executing the trade. Should be illegal
Austin Private Wealth LLC shorted 12,000,000 shares of $DJT on 7/12/24.
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Austin Private Health may not be so wealthy now that they have to purchase those shares at a higher price in order to return them to their owner(s). It serves them right for betting against PDJT. For those who may not know:
Short selling occurs when an investor borrows a security and sells it on the open market, planning to repurchase it later for less money. Short sellers bet on and profit from a drop in a security’s price. Short selling has a high risk/reward ratio, offering big profits, but losses can mount quickly and may result in margin calls (request for additional funds in the account).