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Mike Hammer's avatar

I’m hoping the last bit of news Mitch McConnell hears in his miserable pathetic life is that Joe Biden re established Roe vs. Wade.

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Geoff Anderson's avatar

Great post. Point one, it is an 1864 territorial era law, not 1854. Yeah, a minor nit.

Second, the last two days has seen about an $8 jump in the price of DJT stock, but that isn't the good news that the MAGA commentariat likes to latch on to. What is happening is that the early institutional investors got warrants (essentially options to exercise), and they are converting those into shares ... and *dumping* them immediately. You can see this in a series of bumps, followed by a quick retraction, and a slight trend upward. Also evidenced in the fact that the daily shares exchanges has grown from near 5M, to about 15M. The important thing to note is that this is temporary, and the downward plunge will resume.

(side note: a lot of these institutional players are selling to the MAGA faithful who will ride this pig into delisting. Absolutely delish!)

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