Trump Media & Technology Group Corp DJT

A Dump

[dart321]

of over 400,000 shares at market just happened. Only insiders have blocks of shares that large. I guess the question now is which one was it?

[westcoastlogger]

Maybe it was Elon but I doubt it. President Trump has a place for him in his cabinet in a few months. Taylor maybe?? I doubt it but its possible.

[BlackBear22]

My question is, who in their right mind would want to buy 400,000 shares of this garbage? There is still 10 mil + shares short, so maybe some of them cashed in. I don't know if there is a pump team capable of moving this stock with the overhead supply pushing it down every day.

[Moemoney42]

"My question is, who in their right mind would want to buy 400,000 shares of this garbage? There is still 10 mil + shares short, so maybe some of them cashed in." I'd say you just answered your own question.. the traders that started their shorts in the $50 area may be closing their postitions and putting big bucks in their pockets.. after all that's who's gonna win this

[a2bman]

I Dont think anyone has any $50 shorts left, the borrow fees are way too high.   I think most the shorts are surrogate shorts for someone who has or is getting paper and short term like Surrogate shorts can buy lower to fill their short and the real owner never tenders their paper.  wash rinse repeat.