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this post was submitted on 15 Apr 2024
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It's pretty close to the most shorted stock in history, and none of its fundamentals are good. They're straight up awful. Like, really, really, really bad.
There is no reason the stock should be worth more than a few pennies. If that.
Talking about it like it's comparable to other stocks is completely ignoring literally every single data point in the market. Every. One.
So, you're either completely ignorant of how the stock market works, and shouldn't be listened to; or you're aware of all of this and trying to create some sense of normalcy for the bullshit that is DJT, in which case you also shouldn't be listened to.
It doesn't really matter which one it is, honestly. The result is the same. You're not to be listened to :)
Like, you aren't really worth replying to because you've got it so fucking backwards, but if you think this stock is that bad, then put your money where your mouth is and buy puts.
I've explained it elsewhere so you can paw around and find the longer form explanation, but in a stock market fully detached from fundamentals, making along bet on this stock is betting on a Trump win in November. What price would you think this stock is worth if Trump is once again in the white house?
AMD was worth 18 dollars. Then it was worth two. Now its worth 160. What does a stocks price mean did the actual value of the company swing that much?
Meta dropped 250 billion in value in a single trading session. What did that mean?
How about Nikola. They rolled a prop without any parts that could be considered vehicular down a hill. Their stock was a literal rocket. Its now worth 1/100th that price, and yet they still have a 800 million dollar market cap.
See its either that no stock prices make sense and its all horse shit, or that things are based in fundamentals, and you are just measuring the wrong things. You can't have it both ways.
If you think you know more than me, then saddle up to the bar and down load some trading app and give the hog a crank. I'm doing just fine making decisions on how I think things work. If you are so confident in your world view, bet on it.
Why in the world would I want to short the most volatile and expensive to short stock in the world? There's so many fucking puts on this that it's one of the major things artificially driving up the stock price.
There's no way I'm going anywhere near that fucking pile of dogshit.
But you are right about the market being disconnected from fundamentals. Additionally, you're right about it going up like crazy if he makes it back into the white house