DJT falls on stratospheric valuations SHORT
Updated
DJT, the Trump media company, had a massive run up after the DWAC merger only to fade and
fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in
meme fashion but is now falling as fundamentals come to light. In five months the namesake
will be able to sell if there is any remaining value. In the meanwhile, the board will likely
refuse an early sell permission because that would like cause a " long squeeze". DJT is a good
short right now no matter the locate and carry fees which are very high. I was long DWAC
and am now short DJT using the profits from the merger volatility. Selling volumes are rising
showing the longs are beginning to get squeezed. The relative trend indicator shows
a strong move down.
fall with the SEC filing showing minimalistic revenue and negative earnings. It moved up in
meme fashion but is now falling as fundamentals come to light. In five months the namesake
will be able to sell if there is any remaining value. In the meanwhile, the board will likely
refuse an early sell permission because that would like cause a " long squeeze". DJT is a good
short right now no matter the locate and carry fees which are very high. I was long DWAC
and am now short DJT using the profits from the merger volatility. Selling volumes are rising
showing the longs are beginning to get squeezed. The relative trend indicator shows
a strong move down.
Trade active
Nice pump and corrective fade today with the GOP convention and Saturday's event. Expecting more this week through Friday with the nominee speech Thursday evening. Options trade did 10X today. Scalping options with 2-3% of account balance looking to grow fast on the momentum. Trade active
DJT on weekly chart showing a "big ass" green engulfing candle just printed. Much range upside within the high volume area of the volume profile lends credence to my bullish bias Trade active
On a daily chart with volume and relative volume indicators, a volume surge is seen. Volume is demand and float is supply. Expecting some accumulation and then a price rise. Trade active
Price crossing long term anchored VWAP attrcting institutional interest, volume and liquidity.Trade active
Put options are moving up well and calls are depreciating. Dems accomplished the Biden departure with good orchestration. Day to day political action leads the way.
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