Trying to short this but do you have any idea how much it costs to borrow the stock to short?
It's historical.
Yet some are doing it.
I can't believe they let this thing initially trade with the valuation they gave it. This shit is so backwards I'm starting to think there are some billionaire's on the side just waiting to manipulate it.
I'm not sure we've ever seen anything like this.
That's too funny as I was looking into shorting earlier today. I'm not an expert at short sales but when I was researching DJT some articles were saying that the borrowing fees were too high where you wouldn't make decent profit until the price dropped to around $6. The stock is not normal due to the majority being held by Trump at 57% and your typical holders are not the lending companies like other stocks. There is now a high demand to short sale but not a lot of shares available. Thus, with limited shares being available to short then the borrowing fees become too high.