Trump’s (DJT) up 48% Today


Our only thought is it would be a great idea, to give some of the stock to E Jean Carroll for her lawsuit win.

Tuesday’s opening price of nearly $78, stake was worth nearly $6 billion, although lock-up restrictions likely prevent Trump from selling or even borrowing against those shares anytime soon.

DJT\DWAC is the most shorted SPAC in the U.S. with $168.6 million of short interest, 3.37 million shares shorted and 11.69% SI % Float. Shorting DJT/DWAC has not been a profitable trade in 2024 with short sellers down -$158 million in year-to-date mark-to-market losses, -152% for the year. Shorts are down -$93 million in March month-to-date mark-to-market losses, a -73% return for the month.

But, at these high stock price levels, which have hit year-to-date highs, we will probably see new short sellers try and jump into this trade hoping for a short-term pullback back into the $30’s or lower. Shorts that have been squeezed out of this trade will be replaced by new short sellers at what they see as new attractive entry points on the short side.

Read More at S3. Huuuge Short Losses in DJT – DWAC Rally

Trump Media generated just $3.4 million of revenue through the first nine months of last year, according to filings. The company lost $49 million over that span.

The main asset of DJT is the Truth Social platform, which was launched a little more than two years ago, and which has around 5 million users according to research company Similarweb, although reports suggest that the user count has been moving up and down over time and that activity is somewhat uneven.

Other Fun Articles


Barrons: Trump Media Is Now the Most Expensive US Stock to Bet Against

Forbes: Donald Trump’s Social Media Stake Hits $6 Billion

SA: Digital World Acquisition: Why Trading It In 2024 May Make Sense. Strong Buy $16.00


CNN negative of course: Trump’s Truth Social is now a public company. Experts warn its multibillion-dollar valuation defies logic

SA: DWAC Trump Merger Could Close Next Week Bringing Volatility. Strong Sell at $42.

SA: Digital World Acquisition: It’s Time To Short The Trump Bump (Again). Strong Sell at $41.

SA: Digital World Acquisition: New Revelations, But Same Concerns, Strong Sell at $16.

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Killer, 44-Page Report on GeoVax (GOVX).