Trump Media gains have 'all the ingredients' of a meme stock rally: WSJ's Banerji

Give me give me an idea of why shorting this stock is so hard. Thanks Contessa. You’re right. This has all the ingredients of a good old fashioned meme stock rally and one of those key ingredients is a is a stop that’s tough to bet against and tough to borrow to bet against and and we’re seeing that with this company right now. I will point out that one place people can bet against Donald Trump social media company is through the options market and where we’ve seen activity totally explode there hits of the highest levels ever and people are turning to some of those bets that would profit if the stock tanked. But also really bold bullish bets that would profit if, you know, this thing kept going bananas, as it has been this week. You know, we’ve seen other main stocks losing steam, so to speak, GME and AMC. How much more room could there be to run for a stock named on a wildly popular former president? What we’ve seen is that it’s practically impossible to time these things and when something gains mean stock status, as this certainly has, it takes on a life of its own. We’ve seen that since 2021, I mean GameStop, AMC, those have certainly fallen out of fashion. But last year the regional bank stocks became targets of meme traders and we saw a similar cocktail of factors, options, activity, tough to borrow, maybe a potential short squeeze, you know, all this retail buzz and we’ve seen that these things can really change the fortunes of retailers, of banks and now. A presidential candidate, you know this. This meme stock and how this pan turns out could have implications for the 2024 presidential election over the next few months, which is, Which is really wild.