Salty ⊙▃⊙ 🏳️🌈 🇺🇦 ✡️<p>Why nobody is shorting $DJT except very rich or very stupid (or both) people:</p><p>“There is very little stock available to borrow to support new short selling - less than 50,000 shares - and with demand to short this stock extremely high, we are seeing stock-borrow rates at 500% to 600% fee levels," Dusaniwsky told MarketWatch on Tuesday.</p><p>Based on that data, to short 100 DJT shares at their current price, it would cost between $24,895 to $29,874 a year. That means the stock would have to fall about 1.4% a day just to cover the cost to short it. And if the short was<br>held for a year, the bet would still lose about $20,000 to $25,000 even if the stock fell to $1.</p><p>Basically, you can be very right and still lose a lot of money.</p><p>Given the cost and the fact that there are "no sizable stock borrows available to support new short sales,"<br>Dusaniwsky said he believes "there can be no new selling pressure brought on by short sellers."</p><p>Therefore, he said any further weakness in the stock price will be driven by selling by "longs," or those who had<br>previously bought the stock.</p><p>Through Tuesday, short interest in both the DJT and DWAC tickers - or the number of shares that have been bet that prices will fall - was at 4.93 million shares, or 12.6% of the shares available for the public to trade, according to<br>data provided by Dusaniwsky on Tuesday. But those bears have been losing money.</p><p>Dusaniwsky estimated that DJT short bets had about $42 million in mark-to-market profits over the first two trading<br>sessions in April - but that is after losses of about $126 million in March.</p><p>He added that there is a some scope for a "short squeeze," which is a panic-like scramble to cover short positions<br>that leads to surge in a stock's price, especially if prices start rising.</p><p>"Mark-to-market losses and extremely expensive stock-borrow costs are a Mike Tyson-like combination blow to short sellers, which have them wobbly but not quite counted out of this fight," Dusaniwsky said.”</p><p>Copied from MarketWatch. <a href="https://fouroclockfarms.club/tags/Trump" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>Trump</span></a> <a href="https://fouroclockfarms.club/tags/DJT" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>DJT</span></a> <a href="https://fouroclockfarms.club/tags/BiggestLoser" class="mention hashtag" rel="nofollow noopener" target="_blank">#<span>BiggestLoser</span></a></p>