• 8 months ago
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00:00Dennis, I don't know if you're looking at my screen, but Paul LaMonica wrote an article
00:04two weeks ago in Barron's on DJT. Have you looked at that stock lately, Dennis?
00:12Well, we don't even have to look at it, Shul. We know the stock's going to continue to go down.
00:16We've talked about this. When the stock is 800% to borrow, that everybody knows. It's just a
00:21matter of, does it go down fast enough to make up, if you're shorting the thing, getting the
00:25borrow, it has to go down, what would we say, a buck a day to break even? So if you just flat out
00:30long this thing, it's basically borderline insanity. So you've got to be long it and then
00:36lending it. If you're long it and lending it, there's an argument there that maybe you're
00:40going to make more money on the lending than the stock goes down. But either way, the stock was
00:43going down. We knew that stock was going down. So it doesn't make any sense. And short squeezes
00:48happen. The thing can go 32 to 50. Sure, short squeezes can happen. That's what's happened
00:52before. The story here, folks, it's just too highly valued. Sorry to all the
00:59Trump supporters or DJT or whatever it is. I know a lot of people believe,
01:05but it comes down to fundamentals. This is what stock investing does in the
01:10long run here. In the long run, when you see your stock and it's 800% to borrow it, it's a very,
01:17very, very, very, very, very, very high likelihood that the stock is going to go down
01:24because people don't pay 800% to borrow stocks that are going higher.
01:30Yeah. You mentioned that strategy of maybe buying and lending it out.
01:36I would be the only way I would be long this is so I could get 400%. And maybe,
01:41just maybe it goes down slower than by making money on the lending portion of it. I guarantee
01:45there's some people doing that. They may still be losing money because I think it's falling
01:49faster than the buck a day. So they're probably still losing.

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