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According to a source the trade represents 6% of total shares and over 16%! of the float of the stock given the fact that Trump owns 60% of the company. This is a giant bet when you consider their total AUM but wait there’s more… http://fintel.io/sosh/us/djt

According to a source the trade represents 6% of total shares and over 16%! of the float of the stock given the fact that Trump owns 60% of the company. This is a giant bet when you consider their total AUM but wait there’s more… http://fintel.io/sosh/us/djt

(post is archived)

[–] • 1 pt

They tired to "short" it. I am tired so I might get this wrong but this is the simple version.

"Rent/borrow" a stock a a price hoping that it is going to go down. If it stays the same or goes up you are liable for the cost change. If it goes down, you make a profit since you "rent" it at a lower price. More or less. It is kind of stupid but apparently works sometimes.

So, if people buy in and the price goes up. You get fucked. If people dump the stock then you make bank.