Irrefutable Proof of Trump's Financial Genius

[69in2it69]

And DWAC seems to have settled for now in the low 50s, wonder how many Trumpites bought at 150+?

[Chung Tran]

Originally Posted by 69in2it69

And DWAC seems to have settled for now in the low 50s, wonder how many Trumpites bought at 150+?

Indeed! Trumpite and Retard are close synonyms.

[The_Waco_Kid]

Originally Posted by 69in2it69

And DWAC seems to have settled for now in the low 50s, wonder how many Trumpites bought at 150+?

considering its never traded above $94/share that would be kinda hard to do, right?


https://www.google.com/search?client...x-b-1-d&q=DWAC

[VitaMan]

Don't forget the wonderful Trump casino stock. Bankrupt !



As for Trump, what did he have to say ? "I made a lot of money in Atlantic City."

[69in2it69]

Originally Posted by The_Waco_Kid

considering its never traded above $94/share that would be kinda hard to do, right?


https://www.google.com/search?client...x-b-1-d&q=DWAC

That’s closed at Boo-boo, surely as a Trumpite you realize stock is traded and changes price throughout the day. If not, maybe Lucas will give you a basic education on the market.

[Tiny]

Originally Posted by Chung Tran

They did the same with Avis Budget a few weeks ago. That morning, I shorted one share at $350, then another at $525, as the stock went nuts. Just the 2 shares, because shorting is inherently dangerous. The stock topped at $542, then started dropping. I covered at $312, all this in the space of 6 minutes!

Avis trades at $224 today. I would hate to be the Fool that paid $540+

Yes, you're right not to overtrade. Selling short is like walking through a minefield.

It used to be you usually didn't have to pay a ton of money to borrow shares to sell short. Now for some shares at some times you might pay annualized borrow rates of several hundred percent, or more. And that can happen almost overnight, if the short becomes popular. One day you're paying 1/2 of 1% to borrow and a few days later it's 50%+.

If someone or some group on Reddit or Stocktwits starts manipulating the share price, you can lose a ton of money in a hurry, when they push the price up. If the price shoots to the moon, at some point you're going to have to close out your position, or risk getting wiped out. When you're long you can sit on a position forever, until others recognize the value or you pocket enough in dividends to make it worthwhile. When you're selling short, you also have to get the timing right.

If the shares become hard to borrow, you may have to liquidate your position when you don't want to. A way around that is to buy put options instead of selling short, and also write calls if you're so inclined, but that's usually more expensive and it's possible for the puts to be exercised early. Finally, if trading becomes volatile, your broker may up the margin requirements. I've had margin go to as high as 200%.

And here's a cautionary tale for those who might be inclined to short the SPAC that's acquiring Trump's company. I lost a large amount (for me) on one short position in 2020. The company's accounting was fraudulent, and even if they weren't cooking the books, it would have been hugely overvalued. The timing appeared to be right as people were just starting to become aware of the fraud. I sold short in the range of 31 to 33. I intended to buy back if the price hit 45, but it blew past that in a matter of a couple of hours, and I didn't get out until the price was around 50. I re-entered the position at a price of over 100 in early 2021, and bought back at 120, after losing more money.

Bill Hwang, the Tiger cub, was manipulating the share price in 2021, if that means anything to you.

Anyway now the share price is 1.90. It's worth less. I was dead right on the fundamentals, but lost a butt load of money.

[Lucas McCain]

Originally Posted by The_Waco_Kid

considering its never traded above $94/share that would be kinda hard to do, right?


https://www.google.com/search?client...x-b-1-d&q=DWAC

It hit $175 per share at its peak. Below is from your google link btw. 69in is 100% correct about DWAC trading over $150/share. Just sayin'

You can be like bambino and call him a fraud, or just own it and say "my bad, you're right" because he is right and that is not debatable because it's factual. That's your call and not mine.

52-wk high 175.00
52-wk low 9.84

[Chung Tran]

We're waiting Waco

[Lucas McCain]

Still waiting...

It takes a man to admit when he was wrong. I was wrong about Covid in the beginning. Now I wear masks and I am fully vaccinated. I admitted I was wrong. TWK, you're just wrong about not having knowledge of the stock market and how the stop prices fluctuate in a day. I was wrong about shit that could kill me. I'll take your wrong over mine all day every day.

[bambino]

53.10 USD +1.05 (2.02%)today
Closed: Dec 23, 7:55 PM EST • Disclaimer
After hours 53.60 +0.50 (0.94%)
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[The_Waco_Kid]

Originally Posted by Chung Tran

We're waiting Waco

i'm waiting for happy hour.

Originally Posted by Lucas McCain

It hit $175 per share at its peak. Below is from your google link btw. 69in is 100% correct about DWAC trading over $150/share. Just sayin'

You can be like bambino and call him a fraud, or just own it and say "my bad, you're right" because he is right and that is not debatable because it's factual. That's your call and not mine.

52-wk high 175.00
52-wk low 9.84

the link i got even for a 1Y time frame shows a peak of 94/share for the full day of trading. if it spiked up to 150+ for a few hours so what?


show me where this stock closed at 150+ for the day.


https://www.google.com/search?client...x-b-1-d&q=DWAC

[Lucas McCain]

Date Open High Low Close* Adj Close** Volume
Oct 22, 2021 118.79 175.00 67.96 94.20 94.20 133,395,800

Like I said, learn to just admit when you are wrong which you are and say "my bad, I was wrong". And learn how the stock market works if you ever decide to day trade.

It's not "so what" when you are day trading that bitch and stealing money from Trump idiots who are clueless investors. Trust me, we care where it goes for a few hours to buy or sell it. That's the whole point of day trading. The market is only open for so many hours in a day. LOL

You're correct that the stock market closed that day at $94.20. You are incorrect by not considering how much that stock was going up and down like a crazy person that day. If you want to call bullshit on 69in, at least get your facts straight before doing so.

[Lucas McCain]

Oh, and it's a stock. It's not a mutual fund where the close actually matters. Where it closes at the end of the day matters not when you are day trading with a stock. What only matters is the price it hits when you are trying to dump it that day in a few hours. If you have a sell limit for $165 and you dump it, what the fuck do you care if it closes at $94.20 that same day? You just made a lot of money, and you don't give a shit what it closed at that day. All you're thinking if you're day trading is I sold that bitch about $70 more than the closing price and it only took me two hours. That's how it works.

Anyway, Merry Christmas to all. As a present, I just explained how the stock market works to those who don't understand it like TWK and bambino.

[LexusLover]

Originally Posted by Lucas McCain

... All you're thinking if you're day trading is I sold that bitch about $70 more than the closing price and it only took me two hours. That's how it works.

And that's how the "big" players make big bucks off the individual (small) players who are enticed by their reps to "buy" NOW and just before the peak the reps dump the "big" players holdings who earn from the individuals' losses.

BTW: How are your taxpayer supported pharma holdings doing?

[Salty Again]

... Now, now there, Lexus... Trump got nothing on THAT bloke.
No conscience while making money $$$$ from "clueless investors"...

And all the while badmouthing Trump and calling HIM a crook.

#### Salty