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Reddit seeks to launch IPO in March
(www.reuters.com)
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this post was submitted on 18 Jan 2024
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Goodness I hope the gamestop nerds find a way to absolutely destroy this. If there is any chance of a scheme working, I will invest.
Time to buy shorts. Or puts. Or kangaroos. Whatever.
I don't know a fucking thing about stonks.
Perfect, you'll fit right in
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.
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.
For sure. Calls and puts both will go overpriced. Be a lot of "enthusiasts" buying options for funsies thinking they'll totally be right.
It's winter here. I'm gonna buy pants.
I had to go and check wsb to see what the chatter was on this. Looks like they share the same sentiments tbh
Edit: Looks like they could use some Lemmy enlightenment tbh