Comment on Reddit seeks to launch IPO in March

milkjug@lemmy.wildfyre.dev ⁨9⁩ ⁨months⁩ ago

• GreatAlbatross@feddit.uk ⁨9⁩ ⁨months⁩ ago

  If you’re serious, just remember the old saying “Markets can remain irrational a lot longer than you or I can remain solvent”

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  • monkeyslikebananas2@lemmy.world ⁨9⁩ ⁨months⁩ ago

    Oh I learned this the hard way

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• nutsack@lemmy.world ⁨9⁩ ⁨months⁩ ago

  have no idea what reddit’s profit potential is but this is probably a bad idea

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• Jeremyward@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Usually they don’t allow options on new stocks until after the cutoff period. Unless your broker allows naked shorting.

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  • viking@infosec.pub ⁨9⁩ ⁨months⁩ ago

    Probably not through some online broker, but OTC with an actual trading desk you can short just about anything. In the end it’s just a contract.

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• cooopsspace@infosec.pub ⁨9⁩ ⁨months⁩ ago

  Proof or ban

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  • Jeremyward@lemmy.world ⁨9⁩ ⁨months⁩ ago

    We need a Lemmy version of WSB

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    • Ashelyn@lemmy.blahaj.zone ⁨9⁩ ⁨months⁩ ago

      Do we really though? Don’t get me wrong it’s some of the most entertaining content I’ve seen on the Internet but I think it brings more harm than good on the whole, especially with the fervor around GME that spun off into being downright delusional. I’d prefer if we don’t end up bringing that over here tbh.

      I think the ‘old’ wsb even would be sort of borderline with the egging on and memefication of gambling one’s life savings on weeklies

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      • Jeremyward@lemmy.world ⁨9⁩ ⁨months⁩ ago

        I guess I mean the old version prior to the GME and AMC fiasco.

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    • Sabata11792@kbin.social ⁨9⁩ ⁨months⁩ ago

      A summoning circle for corpo bots?

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• themaninblack@lemmy.world ⁨9⁩ ⁨months⁩ ago

  I think what may buoy them is the fact that you must append “Reddit” to searches, however, ChatGPT, DuckDuckGo, and Kagi are giving them a run for their money

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• NotMyOldRedditName@lemmy.world ⁨9⁩ ⁨months⁩ ago

  Not financial advice, but there’s been a few times I wanted to short something (I didn’t in the end) but one thing to watch out for after an IPO is the date insiders are allowed to start selling stock. It’s often 6 months or so after the IPO.

  So if a company jumps in value post IPO, there might be an opportunity to short it at some point, with the options expiring a period of time after the insider sell off date.

  I imagine I’m going to do some paper trades on reddit on this and see what happens.

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• assassin_aragorn@lemmy.world ⁨9⁩ ⁨months⁩ ago

  TLDR how do?

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  • Aabbcc@lemm.ee ⁨9⁩ ⁨months⁩ ago

    Short version: don’t

    Long version: doooooooooont fuck with options. Knowing that reddit is going to tank is not enough of an edge for you to be able to make winning trades

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    • assassin_aragorn@lemmy.world ⁨9⁩ ⁨months⁩ ago

      You know. Fair enough!

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