Right before electric vehicle penny stock WKHS was set to go bankrupt, Trump magically showed up endorsing them and a deal with GM causing the stock price to explode[0]. The truck itself basically never came to fruition beyond a few prototypes and was featured on Hindenburg because the CEO, after spinning it off as lordstown motors, was fined by the SEC after essentially lying about having massive orders and production capabilities while their truck was literally catching fire on the road (as in, there is footage of it in the Hindenburg Research video).[1]
I don't know if this particular case is insider trading, but it is my experiential belief that Trump insiders have to be involved in some shady trading methods.
While we're all here, does anyone have some theories on simi8lar bets worth making? The article says that CZ's investments "practically screamed pay-for-pardon".
The best part about the crypto market is that it's completely unregulated. No centralized governing authority means none of the protections that are typically afforded to equities exist. HFT quickly jumped on the opportunity and now makes a killing on it, us included. Plus with every consumer trading app now enabling crypto trading, the number of suckers in the overall pool has been significantly expanded.
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[ 0.20 ms ] story [ 45.6 ms ] threadI don't know if this particular case is insider trading, but it is my experiential belief that Trump insiders have to be involved in some shady trading methods.
[0] https://www.cnbc.com/2019/05/08/trump-tweet-sends-penny-stoc...
[1] https://youtu.be/n0Y81M8oWn4?t=159