"This teetering tower of negative issues is a perfect reason for a mass shareholder exodus."
"This stock remains significantly overpriced, with a book value (price/net worth) under $2, a price to sales ratio of over 25x, a large negative profit margin, and a negative price/earnings ratio. All the new shares will make the negative fundamental picture even worse."
It's a meme stock no different than a shitcoin. You could have made a lot of money off of the hype in a pump and dump. If you are still in, you are the dummy holding the bag. By the time DJT can cash out, it'll be worthless.
Ah shit - I never bought any. Can I do the wallstreetbets thing and bet against it or whatever?
Don’t laugh - I am stupid when it comes to stock market shit. But I’m just curious how it would work in this case and I don’t use Reddit anymore so if someone knows, thanks.
Surewhynotlem is right...buuuut. Shorting is very much like betting, in that the more people who bet the same way, the worse those odds get; like how a bookmaker does things to balance cash in vs cash out.
The bookie reduces exposure by changing payout odds as betting increases on one side, so you win less and less as more people buy in on a specific bet over time.
In this case, the fees, which are the price of "buying" the short bet go up and up as more people get in line to short. That means the short has to go very far very fast to make up the initial share cost plus fees.
TLDR, you could short the stock, but so many people already have, the fees are starting to become prohibitive unless you have a large bankroll for investing.
This is a helpful explanation and it’s easy to understand, so thank you. I won’t be taking part in shorting it, but I was genuinely curious so I do appreciate you taking the time to explain it all :)
Highly diluting "bonus" 40M share issuance if the stock can remain above $17.50 for 20 of 30 days. (Counting the March 26 merger day, the number on April 12 would be 18.)