Originally published at: https://boingboing.net/2024/04/17/biden-jokes-about-trump-medias-valueless-stock.html
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I hope I’m as smart and as much fun as Biden when I’m in my 80s.
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Not valueless until the dead cat stops bouncing. It is solidly up today, trading in the $26 range as I type this. Maybe it’s shorts taking profit by buying back in.
Calling it a “going concern” is an assumption I wouldn’t attest to.
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It’s probably being shuttled back and forth between the majority owners in small batches to prop up the price before they’re allowed to dump it. Maybe the market maker who has tiny costs associated- someone like Jeff Yass & Susquehanna.
Yep - volume is tiny.
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That’s more daily volume than anything in the last two weeks.
I suppose if you bought yesterday and sold today, you’re up. Everyone else is still down.
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Definitely this. It was going to happen eventually.
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