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re: DWAC - Trump backed media SPAC
Posted on 10/24/21 at 7:10 pm to Retrograde
Posted on 10/24/21 at 7:10 pm to Retrograde
I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.
2
Posted on 10/24/21 at 7:16 pm to slackster
quote:
I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.
I don’t know. There’s millions of Trump loyalists who will buy it just because his name is on it, but I’m sure there’s 100s or 1000s of liberal hedge fund managers that want to short it just because it’s trump. This will be a political battleground stock and crazy shite is going to happen.
Posted on 10/24/21 at 7:18 pm to slackster
quote:
I’d be shocked if there was any notable short position in this thing. In the mid term these valuations are ridiculous since it’s basically a Trump slideshow at this point, but in the short term anything can happen.
Interactive Brokers short interest
Have you seen the borrowing fees? 33%. Absolutely insane - although someone has clearly taken out short positions as available shares to short have reduced from around 2.4 million to 350,000.
This post was edited on 10/24/21 at 7:20 pm
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