Grift For The Mill.

Who'sShorting
WhoVille


Yesterday, Drew Harwell published a piece in the Washington Post about all the small time investors of a certain ilk who just know that everything's going to be alright when it comes to their 'investment' in Mr. Trump's Media and Technology concern:

Jerry Dean McLain first bet on former president Donald Trump’s Truth Social two years ago, buying into the Trump company’s planned merger partner, Digital World Acquisition, at $90 a share. Over time, as the price changed, he kept buying, amassing hundreds of shares for $25,000 — pretty much his “whole nest egg,” he said.

That nest egg has lost about half its value in the past two weeks as Trump Media & Technology Group’s share price dropped from $66 after its public debut last month to $32 on Friday. But McLain, 71, who owns a tree-removal service outside Oklahoma City, said he’s not worried. If anything, he wants to buy more.

“I know good and well it’s in Trump’s hands, and he’s got plans,” he said. “I have no doubt it’s going to explode sometime.”...

And then came today:

Shares of former President Donald J. Trump’s social media company plunged on Monday after the company filed to register the potential sale of tens of millions of additional shares.

Trump Media & Technology’s stock fell 18 percent, erasing hundreds of millions of dollars from the company’s market value...

Which begs the question...

How long until we learn that, addition to playing a part in the dumping after the big pumping, at least a few of the former President's men and/or quislings were also in on the shorting?

If you get my millstone-driven grift, errrr, drift.

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For those looking for something non-musical and eclectic to listen to...David Moscrop's latest 'Open To Debate' podcast with Cory Doctorow is....excellent!

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