This is the Saudis and Russians putting in the bribe money in preparation for the election. This scam has always been a front for funnelling money to him. Watch him sell shares like a motherfucker and take his $10B bribe just in time to maybe end up in the Oval Office.
If he loses and the SEC is tracking down the sources of these trades, I can’t wait to see the blood.
Look at this volatility, there is some crazy manipulation going on if within hours of a halt it’s up that much.
It’s funny how the stock suddenly started going up when a single crypto whale started pumping Trump on Polymarket, now there are these sudden crashes as if some large holder of DJT it dumping en masse, and the last time this happened Trump complained about the market not allowing the crash to continue. And all right after Trump and the other major holders became legally allowed to sell… weird.
Negative? Someone’s paying you to buy it?
It’s a bad headline, means negative for the day.
Although commodity futures can go negative in unusual situations. During the pandemic, oil prices went negative because demand was low and production was still high, so the cost of storing it was driving the price down. The fact that it went negative was mostly due to speculators though.
Oil futures were down. Not actual oil.
An oil future in WTI makes you legally obligated to pickup the oil in West Texas or along its pipe network (most common pickup point is Arkansas IIRC).
So let’s say you bought an oil future for $0 at $0 a barrel. And now 10,000 barrels of oil are waiting for pickup. And let’s say you are a New York speculator and not actually someone with storage.
How do you get rid of the contract before you are penalized? Well, you sell it at -$10. But the guy who bought it for -$10 was also a New York speculator who thought the price couldn’t go any lower.
By the end of the day, the speculators were selling the contract for -$40 a barrel, because the penalty for missing the pickup date is very heavy.
Eventually, some trucker ‘Bought’ the contract at -$40 and made free money as the trucker just had to go there and pick up the oil.
As Brokkr pointed out, that it’s just negative for the day, however it is up by quite a bit over recent prices. The true story here is ‘Who is laundering their money through DJT?’… this is obviously someone jacking the price up to try to start a rally so trump can cash out before the election.
this is obviously someone jacking the price up to try to start a rally so trump can cash out before the election.
Gotta pay those lawyers they plan on using to overturn the election with something, and unlike the Habbas, Powells, and Giulianis, these lawyers want cash upfront.
I just love how much it must be hurting him to see his initials attached to a worthless share price
It’s sitting at $50/share, and is near its all time high.
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