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Ken Griffin and Sea Island Hedgefunds
Short Sell Non-Existent Shares of Trump
Stock to Drive Down Price

Original Article

Posted By: earlybird, 4/20/2024 3:58:51 PM

You know when Ken Griffin is doing sketchy anti-Trump stuff by the response from Ken Griffin. Remember, this is the vulture capitalist and Citadel hedge fund operator of horrible Robin Hood infamy who was going to lose billions because the Reddit community fought back against Griffin’s short position on GameStop. In essence, what Griffin is doing now is shorting the Trump stock he doesn’t control or borrow against. He’s naked shorting the Trump media stock, which is illegal and seriously unethical. Devin Nunes, CEO of Truth Social, has tracked the available stock and notes; there is no way for Citadel and

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Reply 1 - Posted by: plomke 4/20/2024 4:42:23 PM (No. 1703133)
Somebody please decipher this financial inside baseball stuff. Looks like a scheme to break Trump on the wheel of high finance...
30 people like this.

Reply 2 - Posted by: JackBurton 4/20/2024 4:55:43 PM (No. 1703139)
Naked short selling works this way. If you have a company worth $100 million with 10 million shares outstanding, each share is worth about $10. When you naked short you basically tell the market you HAVE shares when you don't. If you naked short 10 million shares then there are de facto 20 million shares outstanding. New value, $5/share. Hedge funds did this to businesses in 2008 and bankrupted otherwise well run companies that financed part of their operations by borrowing against their stock value. In this case, this trick is being used to discredit Trump.
51 people like this.

Reply 3 - Posted by: john56 4/20/2024 9:09:06 PM (No. 1703207)
Maybe we need to replicate the Game Stop strategy against Mr Griffin a second time.
27 people like this.

Reply 4 - Posted by: danu 4/21/2024 12:27:01 AM (No. 1703256)
muster the ape army!
9 people like this.

Reply 5 - Posted by: jkb 4/21/2024 7:40:44 AM (No. 1703342)
Thanks to #2 for the translation. "When you naked short you basically tell the market you HAVE shares when you don't." So they're lying. How can that happen? So because it's Trump, the SEC is just ignoring this? I don't understand how integrity in the market isn't to everyone's benefit. Is there any institution we can trust anymore?
29 people like this.

Reply 6 - Posted by: Venturer 4/21/2024 8:30:28 AM (No. 1703366)
I have no knowledge of the stock market, I don't have any stock because of that ,but this sounds crazy to me. How can you sell stock you don't own?
10 people like this.

Reply 7 - Posted by: Hazymac 4/21/2024 8:30:31 AM (No. 1703367)
An old saying: "He who sells what isn't his'n buys it back or goes to pris'n" There's another caveat about actually shorting shares of common stock. (Apparently, that's not what happened here.) If a short seller is correct, and the stock becomes worthless and declines to zero, he makes the mazimum profit. However, if the short seller is wrong, he exposes himself to unlimited losses, as he has to buy back the borrowed stock at some point. If the shorted stock pays dividends, the investor short the stock has to pay the dividends as long as he's short. If a short seller shorts a stock that just exploded upward in value, he's in a heap of trouble. With enough unsuccessful shorts, even a rich investor might find himself penniless. Ken Griffin deserves to lose every cent he's got for being apocalyptically wrong on American politics. What is the matter with him? Has he got a hornet in his briefs?
19 people like this.

Reply 8 - Posted by: Zigrid 4/21/2024 9:08:29 AM (No. 1703391)
This was expected...and I'm sure nervous Nancy Pelousy was in on the deal....it will take more than selling short to break the President Trump bank...so do your worst....
3 people like this.

Reply 9 - Posted by: Lawsy0 4/21/2024 9:33:12 AM (No. 1703409)
Thanks, #2. I appreciate the info.
5 people like this.

Reply 10 - Posted by: JackBurton 4/21/2024 9:44:03 AM (No. 1703417)
Last thing about short selling. You know the rule: Buy low, sell high? What happens if the stock is already high and will go low (you suspect the stock is overvalued or that there is bad news ahead) You just reverse the order. Sell it now (by borrowing someone else's stock and paying (margin) interest on the value of that sale... buy it back later when the stock is low. That is a short sale. And the expression "Don't sell him short"? It means his value is good and won't decline. Thank you stock market for some common expressions..... that....er....we can be bullish about.
4 people like this.

Reply 11 - Posted by: AltaD 4/21/2024 9:54:55 AM (No. 1703427)
I thought naked short selling was banned over a decade ago. So how are Griffin and others still playing this game?
6 people like this.

Reply 12 - Posted by: stablemoney 4/21/2024 10:42:57 AM (No. 1703447)
TIme for a short squeeze.
4 people like this.

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You know when Ken Griffin is doing sketchy anti-Trump stuff by the response from Ken Griffin. Remember, this is the vulture capitalist and Citadel hedge fund operator of horrible Robin Hood infamy who was going to lose billions because the Reddit community fought back against Griffin’s short position on GameStop. In essence, what Griffin is doing now is shorting the Trump stock he doesn’t control or borrow against. He’s naked shorting the Trump media stock, which is illegal and seriously unethical. Devin Nunes, CEO of Truth Social, has tracked the available stock and notes; there is no way for Citadel and
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