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.
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.
Given the performance of this administration, I’d be truly disappointed if they weren’t. And not even all that shady, just “Trump’s opening his mouth about tariffs tomorrow, go buy some put options now.”
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