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Trump Media alerts Nasdaq to potential market manipulation from "naked" short selling of DJT stock
CNBC Business News ^ | 19 April 2024 | Dan Mangan

Posted on 04/19/2024 8:11:16 AM PDT by zeestephen

Trump Media CEO Devin Nunes in his letter to [Nasdaq CEO] Friedman did not directly accuse anyone in particular of naked short selling, which is the [short] sale of stock without first having borrowed [the stock] for that purpose...But Nunes noted that as of Wednesday "DJT appears on Nasdaq's 'Reg SHO threshold list,' which is indicative of unlawful trading activity."..."This is particularly troubling given that 'naked' short selling often entails sophisticated market participants profiting at the expense of retail investors," Nunes said.

(Excerpt) Read more at cnbc.com ...


TOPICS: News/Current Events
KEYWORDS: djt; djtstock; investment
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The linked article states that Trump owns about 60% of DJT.

Other articles state that Trump owns about 80% of the stock, provided the stock is above $17.

Regardless, the main point is that very little DJT stock is available to short [borrow], but that a HUGE amount of shares were being shorted in the first two weeks that DJT was trading.

1 posted on 04/19/2024 8:11:16 AM PDT by zeestephen
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To: zeestephen

The Naked Short fraud has been going on a long time, The only reason they haven’t Prosecuted and Jailed all these criminals is because it is the Big Boy Institutional Investors committing the Fraud.


2 posted on 04/19/2024 8:14:10 AM PDT by eyeamok
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To: eyeamok

100%.


3 posted on 04/19/2024 8:15:15 AM PDT by BuchananBrigadeTrumpFan (If in doubt, it's probably sarcasm)
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To: eyeamok

Agreed.


4 posted on 04/19/2024 8:15:52 AM PDT by Fury
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To: zeestephen

yeah, look at that but turn a blind eye on Pislousey insider trading.


5 posted on 04/19/2024 8:16:14 AM PDT by BigFreakinToad (Remember the Biden Kitchen Fire of 2004)
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To: zeestephen

NASDAQ:DJT is option traded on the CBOE, I’d buy puts if I thought it was going to tank.


6 posted on 04/19/2024 8:18:24 AM PDT by CapandBall
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To: zeestephen

Do not ask one of the new AI creations to create an image of DJT’s naked shorts


7 posted on 04/19/2024 8:21:50 AM PDT by algore
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To: zeestephen

For those not knowledgeable about trading, a ‘short’ sale is when you sell stock you don’t own, hoping to buy it to cover your short position when the price is lower.

In other words, if you think a price is going to drop you sell it now and buy it to cover those later.

Let’s say you short sell a stock to someone for a hundred dollars. If the price goes down to 80 then you buy that stock and give it to him. You just made $20.

None of this physically takes place anymore, you sell the OPTION to do this.


8 posted on 04/19/2024 8:23:40 AM PDT by Mr. K (No consequence of repealing Obamacare is worse than Obamacare)
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To: zeestephen

Obviously, someone (hmmm...who could it be?) is trying to drive the price down.


9 posted on 04/19/2024 8:24:15 AM PDT by Bloody Sam Roberts (Perfection is impossible. But if you pursue perfection...you may achieve excellence.)
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To: CapandBall

“NASDAQ:DJT is option traded on the CBOE, I’d buy puts if I thought it was going to tank.”

An interesting point — but you can’t buy puts unless someone is willing to sell. It seems that most of the purchasers who are bullish on DJT stock are small investors who don’t get into anything as sophisticated as options trading. Institutions that are bearish would want to buy puts, not sell.

I’m one of those small investors who don’t get into options trading, lol. Is there a way to find out if a lot of puts (or calls) are being traded, and at what price?


10 posted on 04/19/2024 8:30:53 AM PDT by Eagle Forgotten ( )
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To: Bloody Sam Roberts

DJT listed FOUR main entities shorting the stock, Citadel and Jane being 2 of them. Jane is VERY VERY close to Biden.

Devin Nunes called out Biden two days ago asking if Biden was in cahoots with the shorters. Devin already knew the answer to that question.

these dirty dogs are going down.


11 posted on 04/19/2024 8:36:31 AM PDT by spacejunkie2001
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To: Eagle Forgotten

the problem here is not puts, it’s naked short selling and they’ve been caught and exposed, big time.


12 posted on 04/19/2024 8:37:26 AM PDT by spacejunkie2001
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To: zeestephen

This was the entire basis of the GameStop stock price jump.

A bunch of gamers decided to buy stock up to nail the short traders costing some of them billions at one point. So you had a bunch of people saying “This isn’t right.” and buying a couple of thousand dollars of stock to cost institutional investors a few hundred million.

Naked short selling is about the dumbest thing you can do because there is no limit to how much money you can lose. If you short a stock at $20, current market price is $50 if the stock goes to $200 you’re out $180 a share. This can’t go on indefinitely because of margin calls. Sometime in the not too distance future someone is going to come looking for you to cover your shorts.

If this became political all it would take is 5,000,000 retail investors to hurt these 4 institutional investors harder than any regulator ever good.


13 posted on 04/19/2024 8:55:42 AM PDT by PittsburghAfterDark (There is no one more racist than a white liberal.)
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To: spacejunkie2001

Biden is so slimy, his slime has slime. Good thing he is a dementia addled dunderhead that no reasonable jury would ever convict...


14 posted on 04/19/2024 8:57:13 AM PDT by fhayek
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To: zeestephen

Excellent time to do a major short squeeze


15 posted on 04/19/2024 9:01:46 AM PDT by captain_dave
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To: zeestephen

“Other articles state that Trump owns about 80% of the stock, provided the stock is above $17.”

I don’t know the numbers but a lot of warrants are out. Earlier this week they announced the issuance of new shares obviously to close out warrants.


16 posted on 04/19/2024 9:15:36 AM PDT by TexasGator
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To: zeestephen

Expecting DJT to settle down, around $6.29 / shr.

Company ought to make a movie. Produce.


17 posted on 04/19/2024 9:17:26 AM PDT by linMcHlp
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To: Mr. K

“None of this physically takes place anymore, you sell the OPTION to do this.”

What is “this”? Short sell8ng?


18 posted on 04/19/2024 9:18:28 AM PDT by TexasGator
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To: zeestephen

Blue Horseshoe LOVES DJT.


19 posted on 04/19/2024 9:20:27 AM PDT by Delta 21 (If anyone is treasonous, it is those who call me such.)
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To: zeestephen

“unlawful”

Not for members of the Inner Party.


20 posted on 04/19/2024 9:25:21 AM PDT by rightwingcrazy (;-,)
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