Monday, April 22, 2024 12:56:15 PM
As if it was bought up. Established as a pre-determined range, etc.. And so I sold ALL CALLS (from the $22 support I predicted, above that $35 level ($37.00, etc.) for SIGNIFICANT GAINS!! And MOSTLY because of what you'll READ below. The investment & trading conditions here are about to change -- & every investor must decide for themselves what the metrics, circumstances & tea leaves suggest. But it gets COMPLICATED when you have insiders who have PROVEN they aren't going to be following rules... I tend to liquidate when coming across THOSE TYPES of people, with that kind of power, who have ALREADY shown their hand & seem unlikely to stop. Because it's a variable which can blind-side.
If you're familiar with charts & technical analysis STRONG SUPPORT (that $35 range) when broken DOWN THROUGH often becomes a CEILING -- when approaching the figure from the opposite direction. Which is why I CASHED OUT. Believe that or not, in ANY CASE, it's wise NOT to fight the metrics. There are OTHER wrinkles here: 1. Stock is VERY public 2. More than most 3. Carries other issues 4. And concerns INCLUDING the short-borrow costs which INCREASED since my mid-to-upper $75+ (short alert) on the stock 5. And forthcoming liquidation concerns 6. Among other fundamental headwinds, etc.. 7. AND, we don't know what kind of pumping these guys are capable of to ARTIFICIALLY SUPPORT a price/volume one should EXPECT they're liquidating into...
MY EXCEPTIONAL $DJT STOCK CALL HERE:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174266832
When I made my trading plan & saw the $22's hit (as I predicted in advance): I decided to BOTH liquidate my ITM PUTS -- AND (as I have written, this weekend, I believe) BUY the $22 level because I thought those BUYS/CALLS HAD UPSIDE TAILWINDS!! . MOSTLY because others would likely cover in that ~27-$29 GAP I wrote about, but ALSO because short-borrow costs had BECOME INCREASINGLY PROHIBITIVE!! Those borrow costs were NOWHERE NEAR as high as when the stock was trading around that $75.00 range I alerted over a month ago!
Impacting one's trade here:
The fundamentals tell a COMPLETELY DIFFERENT story right? And they are extremely important to understand. Moreover, starting tomorrow certain shares may be eligible for restrictive-legend removal; a COMPLIANCE & clearing matter that COULD take some weeks -- usually 4-8 weeks for those without the ties THESE INSIDERS should enjoy.
Now ALL OF THESE THINGS play into charts, sentiment, market expectations, etc.. But, since MY CAL, the most DOMINANT indicator at that time was THE CHARTS!! From my pov anyway -- & that proved to be THE CORRECT READ!! Now other factors come into play... And one can NEVER DISCOUNT what insiders may attempt to do in order to SUPPORT their OWN LIQUIDATIONS....
I probably won't make ANY public CALLS on this stock any longer because the algebra quickly becomes 3-D Calculus shortly. We know the FUNDAMENTAL HEADWINDS are lower. And any liquidation (now or later), should ALSO pressure the stock DOWNWARD. In addition, I've ALREADY explained why this has INCORRECTLY been referred to (in media, etc.) as a "MEME STOCK"... And THAT alone is a piss-poor investment thesis the kinds of which I don't personally partake: However, to each (their OWN READING & analysis) their OWN money/investment criteria & decisions. I won't go there...
Now you have shares forthcoming as soon as the 23rd, & we ALREADY KNOW there are LIARS (SEC $18M Penalty/Fine for LYING/FRAUD) -- & other lawyers/liars & politicians (including the CEO). Proving they are willing to absorb FINES in exchange for NO ADMISSION of GUILT & do whatever they want to do.... [BTW, there are things people say that are 'illegal -- & can't be done' -- & here you have a CLASS of human crap-stains that know the law & the REALITY of what they can get away with! The SEC fine should tell you which type of persons you're dealing with here -- Which changes reality. Acts as modifier to expectations. Therefore you trade accordingly, with intelligence, or EVEN BETTER -- not at all].
Which complicates the algebra I referred to earlier... more variables, more unknowns! Which is where I usually say toodles!
Because the stock needs to be BABYSAT if you're going to BUY IT -- long, or SHORT IT -- you have to SIT ON IT.... I don't like to engage the public in stocks like that. Everyone should make their decisions based upon their FISCAL GOALS, investment objectives, capital avail, risk tolerance, investment timeline -- all of which ought to factor into trades that are -- imho -- SET UP IN ADVANCE!! Meaning, your ENTRY AND EXIT!! And also contingencies... Because things will ALWAYS pop up! Variables that could not only impact the stock, but alter YOUR goal-dependent EXPECTATIONS!!
So imho, without a MATERIAL NEWS event, I'm expecting this to bounce around, do the algo-dance, & hang here for a minute: How long? Well, I think THAT depends upon whether (or when) or not shares come off. NEWS gets dropped, etc.. And FOR MOST 'investors' that (shares being liquidated) information may ONLY be known RETROACTIVELY!! You'll hear people retort, "restrictions, 1%, etc., Form-4" & half have NO CLUE wtf they are talking about: Because the REALITY -- AS I HAVE ALREADY SAID -- & THEY have already revealed (*SEC $18M example) is that these shit-stains have already shown they're ABOVE THE LAW! They're willing to PAY FINES as a cost of doing business.... Just like the majority shareholder (the DD of which I posted last night), averages ~7.5 lawsuits per month! That points to a business STRATEGY! That is abnormal -- & would speak to a CEO's INCOMPETENCE -- if it wasn't SO OBVIOUS it is BY DESIGN!
And so, all bets are off when discussing RULES, with those willing to BREAK THEM -- & see fines/penalties as a COST of doing business. Just like the main stakeholder here sees LAWSUITS as a means/cost to an end/of doing business. GL with whatever you decide... Trade well! Protect your capital. But for my money there are much easier, more profitable, less complicated stocks, set-ups, etc., with better RISK profiles than this guy! My call PROVED that there was HUGE UPSIDE VALUE when it was running up over $75.00 as you see it came ALL THE WAY DOWN TO $22 (as I predicted). But things ALWAYS change in the markets -- & never remain the same!
....
Just my $0.02
NOT investment advice... Invest according to YOUR capital, goals, investment timeline, objectives, risk tolerance & the like! Mine is mostly me practicing my English (tbh, not my 1st, nor 2nd, etc., language) & for posterity so I HOLD MYSELF accountable to my own thesis, conclusions, trading decisions, etc.. Everyone must do their OWN DD & form a trading plan (entry & exit: IN ADVANCE) imho... That's the CORRECT way to prove out your trade. Like a BUSINESS PLAN for your money!! A "meme" stock investment is NOT - imho - an investment plan. And, as I wrote, I do NOT consider $DJT a 'meme stock' in the same breathe as $GME/$AMC, etc.. (for those who have PM'd me & asked). GL2A
...
PS: I am NOT saying it can't go to $40.00 or higher. I am basically saying why I CHOSE to sell & cash out. And why I think the stock is increasing in COMPLEXITY thereby defying simple analysis. LASTLY, I hope it does go higher! Personally, because it would make the DECISION (of what to do next) EASIER (for me personally). ESPECIALLY if the share restrictive-period is waived. That, for me, changes the CALCULUS & makes the trade an easier speculative decision. And I'll feel FAR MORE COMMITTED if the stock heads into the $50.00+ range... If it goes there, I am likely to entertain a short strategy to ADVANTAGE.... Again, news, developments, etc., ought to (& would) be included in any decision to execute...
..
.
The LION does NOT concern himself with the opinions of the sheep!
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