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re: Let's be real...the DJT stock is a meme stock and will come back to reality soon
Posted on 4/16/24 at 5:56 pm to AbuTheMonkey
Posted on 4/16/24 at 5:56 pm to AbuTheMonkey
quote:
they were making the short-sellers rich.
The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again.
Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment.
It will rally, then it will get shorted again. Rinse & Repeat.
This post was edited on 4/16/24 at 5:57 pm
2
Posted on 4/16/24 at 6:19 pm to Gideon Swashbuckler
quote:
quote:they were making the short-sellers rich. The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again. Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment. It will rally, then it will get shorted again. Rinse & Repeat
Maybe a little bit, but unless the underlying fundamentals change significantly and quickly, it will just keep going down. It doesn’t have the revenue, users, or growth curve to justify anything else.
Posted on 4/16/24 at 6:51 pm to Gideon Swashbuckler
quote:
The short sellers will be driving the price back up, as soon as they exit their short positions and start buying again. Once it goes down to $15-16 or so. It's so volatile and easily manipulated by retail at the moment. It will rally, then it will get shorted again. Rinse & Repeat.
It’s a meme stock…you understand what that is now?
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