Comment on Reddit seeks to launch IPO in March

Imgonnatrythis@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

• CosmicTurtle@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Time to buy shorts. Or puts. Or kangaroos. Whatever.

  I don’t know a fucking thing about stonks.

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  • androogee@midwest.social ⁨9⁩ ⁨months⁩ ago

    Perfect, you’ll fit right in

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  • ColeSloth@discuss.tchncs.de ⁨9⁩ ⁨months⁩ ago

    It will launch, spike up a little that day, then drop pretty hard for a month or so, getting down to about 60% of its launch price, before slowly gaining back up to around 80% of its launch price after several months.

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    • drphungky@lemmy.world ⁨9⁩ ⁨months⁩ ago

      Also, my prediction is that big puts will be selling for way higher than their likelihood, because so many retail investors want to to fail. So even though the stock will go down, tons of people will lose money betting that.

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      • ColeSloth@discuss.tchncs.de ⁨9⁩ ⁨months⁩ ago

        For sure. Calls and puts both will go overpriced. Be a lot of “enthusiasts” buying options for funsies thinking they’ll totally be right.

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  • Imgonnatrythis@sh.itjust.works ⁨9⁩ ⁨months⁩ ago

    It’s winter here. I’m gonna buy pants.

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• jivandabeast@lemmy.browntown.dev ⁨9⁩ ⁨months⁩ ago

  I had to go and check wsb to see what the chatter was on this. Looks like they share the same sentiments tbh

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