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Bernardo de La Paz

(52,628 posts)
20. Billionaire can goose it up in 1st half hour and sell slowly rest of day
Tue Oct 29, 2024, 04:47 AM
Oct 2024

A billionaire or other can do something like this:

Make three large buys in the first half hour to spark a rally. Day traders and cult members see it and jump on the bandwagon and take it higher. Then the gooser can slowly dribble out sales through the day to get back their money without spooking the market. Volume yesterday was 110 million which is 50 percent more than all the shares in the public float and many of those are held by magas and amateur investors without selling. So there is a lot of churn, mostly by day traders likely; shares sold and bought in dozens of transactions in a day.

After a few days it can become a bubble. I think it is still in the bubble phase and it will deflate starting Nov 6 and might begin to deflate during this week in advance of the election.

It might crash dramatically or might float in the air without support for weeks. But I think the attraction might be too much for tRump to resist selling or maybe this is his plan. He might sell bigly before the election to cash out. A bunch of big unit sales would crash the stock. A long slow dribble of two million shares in a day would not be noticed much at these volume levels, but would put definite downward pressure on the exuberance. That would still be a cashout of $100 million dollars a day at these price levels.

Up 11 percent in Before Hours premarket today.

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Money laundering. Nt spooky3 Oct 2024 #1
I didn't realize until today that it had gone back up recently. TwilightZone Oct 2024 #2
This "surge" also coincided with Musk's big involvement with this hate fest. Klarkashton Oct 2024 #3
The nastier he is the more his supporters like him. I wonder who is buying the stock? walkingman Oct 2024 #4
Very small, short-lived blip FakeNoose Oct 2024 #5
$10 bump in one day on a $39 stock is not "small" TwilightZone Oct 2024 #7
there's a lot of people with deep pockets trying desperately to prop up this orange motherfucker and hoping it gets LymphocyteLover Oct 2024 #22
Cool! Let's short it again! n/t DJ Porkchop Oct 2024 #6
A can see a lot of kid's college funds going 'poof' in the near future! Scalded Nun Oct 2024 #8
What? Lulu KC Oct 2024 #9
And when he loses, it will tank. Javaman Oct 2024 #10
This is Musk and maybe a few other fascist billionaires driving up the price. Gary 50 Oct 2024 #11
It's the "brand value" and possibly money laundering Bernardo de La Paz Oct 2024 #12
Why Else Would DJT Stock Surge 21% Today DallasNE Oct 2024 #13
They probably did Hieronymus Phact Oct 2024 #16
Billionaire can goose it up in 1st half hour and sell slowly rest of day Bernardo de La Paz Oct 2024 #20
Only disgusting people would buy Hitler Media shares. mdbl Oct 2024 #14
Sure know where all the racists are. BradBo Oct 2024 #15
still down significantly from highs cadoman Oct 2024 #17
It's up over $35 from its lowest point. Down $19 from its highest point. onenote Oct 2024 #19
Reel in the suckers! Mysterian Oct 2024 #18
Pump and dump? Yo_Mama_Been_Loggin Oct 2024 #21
Trump, Trump Media and Crooked Crypto all oasis Oct 2024 #23
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