Quote: MDawgDJT has become a way to bet on whether or not Trump is re-elected, because nothing short of that is going to revive this stock anytime soon. In the meantime it has been one of the great shorts of the year, assuming shares are available (usually hard to borrow on a new stock).
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Back to the mid 20s!
Trump Media stock soars after sudden reversal in election odds
Really just a meme stock though - goes up for no fundamental reason. If Trump is re-elected, then what? Will the company suddenly get more subscribers and become profitable? I doubt it.
More of an inevitable road to nowhere, I'd think. The stock is doomed, long term.
Today, 688 was the numero, and I hit it for 5 easy points. Cha'ching! This is not an earnings play, but rather - taking advantage of earnings day volatility.
I have boatloads of long term NFLX shares that will swing one way or another after the bell. Yawn. Yawn because - been holding them so long it doesn't really matter to me any longer what happens on a given day, as the over all trend remains UP.
Quote: MDawgI have boatloads of long term NFLX shares that will swing one way or another after the bell. Yawn. Yawn because - been holding them so long it doesn't really matter to me any longer what happens on a given day, as the over all trend remains UP.
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Still, a +65 point POP is enough to wipe a Yawn off anyone's face!
CHA'CHING!
But TSLA is the big winner this week! as far as my long term shares.

Quote: MDawgDJT has become a way to bet on whether or not Trump is re-elected
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So if you want to bet on a Harris win, short it.
However it may be too late to buy it long in the hopes of a Trump win as it has already soared so far from its lows that some profit taking may be inevitable.
No matter who wins I’d expect the stock to sell off right after the election as large holders profit take and others follow the stampede.
Quote: MDawgQuote: MDawgDJT has become a way to bet on whether or not Trump is re-elected
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So if you want to bet on a Harris win, short it.
However it may be too late to buy it long in the hopes of a Trump win as it has already soared so far from its lows that some profit taking may be inevitable.
No matter who wins I’d expect the stock to sell off right after the election as large holders profit take and others follow the stampede.
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Despite having already made life-changing money off the DJT call options, I also struggle to see what its future role will be. Four years ago I knew exactly what it would be, after the social media companies treated Trump the way they did. But Truth Social is in the Twitter format and with Elon buying Twitter and also seeming to have a pretty firm commitment to ideological freedom, who needs Truth Social to get a message out? As it stands now the only social media company still using the heavyhanded censorship along with privacy invasion is Facebook/Instagram. They have become the odd ducks in that business sector.
The only thing I can think of is that Truth Social has little to do with it, he's building a general media empire to leave to his family comparable to the Murdoch or Disney empires. Something of that magnitude would justify the price the shares are commanding now.
Did you see his joke of a YouTube presentation?
‘Roaring Kitty’ YouTube livestream fails to lift GameStop stock as shares tank by 40%
I'm generally pretty cautious with trades if the given stocks I am tracking do not drop low enough that day (or rise high enough if I am doing a short or short against the box), I lose out and do nothing other than watch my long terms. This approach is part of why my trading success is about 100% - I am not like that damn broker who has to churn his client's account daily. If I see an opportunity to make money, I take part. If not, I have a lot of other business to occupy my day.
But the one reasoning is that it is due to Harris "prospects."
Trump Media Stock Drops as Musk, Harris Make Election Waves. DJT Rally Faces This Threat.
Or it could simply be due to traders locking in profits.

Saved some shays for a higher unload.
Cha Cha’Ching!
Nvidia to join Dow Jones Industrial Average, replacing rival chipmaker Intel
Quote: terapinedHave you considered shorting DJT stock
I looked into it
I have a Schwab account
I was surprised to see that I'm currently not allowed to short any stock because you have to be approved 1st on the Schwab platform
It's kind of dangerous financially to buy puts and calls
Out of curiosity, I applied for options trading
The form asks a lot of questions regarding your history of trading, knowledge of trading, income, total liquid worth
, knowledge of options trading and how much options trading you have done on other platforms ect ect.
I'm not rich so probably won't get approved which is probably a good thing for me.
Besides. It takes 4 business days for Schwab to decide on approval and election 2 business days away
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Sometimes stocks are locked up and not available for shorting or have limited availability for shorting in their early issue days.
There is also sometimes a cost which may be ongoing to borrowing the shares I know this was the case with TSLA such that you have to do well on the short to make it worth it.
The questions you answer to get approved for options are mostly just to ensure that you have the experience and wherewithal to handle the volatility of options trading. Nothing is verified. I assume it might also be to protect the firm against liability if you get wiped out but I don’t see how a trading firm could be liable for any legitimate order you place as long as they execute it promptly and properly.
Most options expire worthless so if you regularly buy and hold any given option to the end you should over time lose money. However if you’re good at it, and there is a learning curve, and you don’t always hold the option to expiration date but often sell it sooner, there is a lot of money to be made.
I don’t trade options because I have so much money in my accounts so much buying power that I’m able to buy enough shares such that I can make decent money on only say a 1 pt move of even a thousand dollar per share company, but even people who also have a lot in their accounts say that the advantage to options is that the total loss is limited to the amount spent on the option.
With stocks going long the total potential loss is the total amount spent on the stock although in practice unless you pick a real clunker the stock is not going to 0. Shorting a stock the theoretical downside is unlimited.
There is nothing like “short fear” when a shorted stock is running against you and people caught in such movements tend to give up and buy to cover at a loss faster than traders who find themselves in losing long positions. The other day when TSLA jumped forty some points and had its best day in a decade or so something like -$3.6B was shaved off short interests shorties lost that much in that one day.
The shorties are right twice a day (at most), like a broken clock, but alll those other times, long is the right choice.
Just avoid the garbage, including the pennies like CYDY, but even there if you sold on the brief uptakes you could have done fine.
It was weak and sold off at the open, so I put in order to buy at 136, which filled (not the bottom), then immediate sell order at 137.5, which already filled too. Cha'ching!
I still think it'll hit 139 today later, but 1.5 is nothing to scoff at. It adds up!
Quote: MDawgSometimes stocks are locked up and not available for shorting or have limited availability for shorting in their early issue days.
There is also sometimes a cost which may be ongoing to borrowing the shares I know this was the case with TSLA such that you have to do well on the short to make it worth it.
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I noticed DJT was up as much as 10 in the AH yesterday. I toyed with shorting it today, at 45. eTrade does not allow it, not intrinsically but because borrowed shares are unavailable, but my account at Schwab will, however, as I mentioned above - as a "hard to borrow stock" there is a cost, in this case of 25.5% which comes to around twenty bucks a day for a 1000 share order @ 45.

My long term shares will be back to their ATHs at this rate!
Quote: MDawgDollar and BTC UP , Gold down.
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I believe BTC was an all time high today.
Anyway, I bought another watch with a few pennies of what my stocks went up yesterday. Not really actually, I haven't touched any of that money in years. But in theory that's where the money came from.
What else am I going to do with it? 🤩

Quote: MDawgNo matter who wins I’d expect the stock to sell off right after the election as large holders profit take and others follow the stampede.
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As advertised!

Quote: billryanQuote: MDawgPenny stocks like CYDY and investing should not be mentioned in the same sentence.
Penny stocks in general are no good...unless you're the Wolf of Wall Street or one of the many other scammers who have come along over the years and figured out a way to pump and dump 'em ahead of the masses.
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Penny stocks work best with people who think they are too smart to play the lottery.
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I suppose it depends on how much is dropped...a one dollah lottery ticket a week, or even every day, versus dumping tens of thousands a year into penny stocks, even if the win rate on pennies is higher than on lottery tickets, the sums lost to them could easily exceed those blown on lottery tickets.
If you ever want to be flooded with phone calls from shysty East Coast gravelly voiced brokers operating out of Boca Raton or the equivalent, answer one of those phone surveys about investing. Once you get on that list it will be hard to get off it. Of course you could just play with them, agree to buy whatever and then "DK" them when it comes time to pay up for any loser.

I'll be out and selling a tidy number at $100K when it hits.
Actually I have been joking for a while with some of my friends that I will take $1M of it and try to convince a casino to let me put it all on one single Baccarat bet. As far as I know though, $500K is the max they have ever allowed.
I have special limits due to very high credit lines but I cannot bet $500K a hand. However, with enough on deposit on top of the line...who knows.
Quote: MDawgMarket's open today, no US mail, no US courts - but stocks, Yes!
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That surprised me this morning when I woke up and Worldwide Exchange was on CNBC. I assumed it would be closed.
At the moment you have even hospitality workers I know in Vegas posting about BTC 88K on their Instagrams. That would be the equivalent of the shoeshine boy giving stock tips I suppose.

Yesterday even the stocks that were down like AAPL and WYNN came back pretty well from their lows.
Plus it's something to do, and fun.
Buying on dips is not dead!
Last night I noticed a message on my iPhone I figured it was an old message that had been somehow delayed, about how TSLA was trading into the 330s. Turns out - at least on RobinHood you may now trade TSLA 24 hours a day! I haven't looked into this yet to see on what market that is happening, probably a third party market, but it is happening! Maybe it has been happening for longer than just this weekend, but I just noticed it last night for TSLA.
The advent of RobinHood is what moved the markets. The average RobinHood account is around $5000. from what I read, but all those $5K accounts or even $1000. add up to move mountains! I believe what really did it, is I think RobinHood allows people to own a fraction of a share of a company.
I have never used it for trading so I don't know how fast it executes, but it seems to function.
Cha'ching!
Spirit Airlines files for bankruptcy as financial losses pile up
Quote: MDawgSpirit having some trouble.
Spirit Airlines files for bankruptcy as financial losses pile up
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They have been having lots of trouble since the pandemic. When their Jetblue and Frontier partnerships fizzled the writing was on the wall.
Quote: DRichQuote: MDawgSpirit having some trouble.
Spirit Airlines files for bankruptcy as financial losses pile up
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They have been having lots of trouble since the pandemic. When their Jetblue and Frontier partnerships fizzled the writing was on the wall.
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It is the worst airline I have ever dealt with. I won't miss them, although I have friends who swear by them.
Quote: MDawgSpeaking of trades, NFLX 813 to 815 was the first trade of the day for me today. I didn't get the low, or the high, but two grand is two grand.
Cha'ching!
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So. let me get this straight, you wagered/paid $813k to make $2k which actually nets you about $1k after short term fed and state taxes? Well, someone has to support our respective govts. Why not you?
tuttigym
Quote: tuttigymQuote: MDawgSpeaking of trades, NFLX 813 to 815 was the first trade of the day for me today. I didn't get the low, or the high, but two grand is two grand.
Cha'ching!
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So. let me get this straight, you wagered/paid $813k to make $2k which actually nets you about $1k after short term fed and state taxes? Well, someone has to support our respective govts. Why not you?
tuttigym
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Unless Netflix went to zero overnight, he wasn't wagering $813,000. He was investing.