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this post was submitted on 20 Mar 2024
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Eh, I bought 100 shares.
I figured:
a) I have the money.
b) I don't get IPO offers that often.
c) Buy what you hate.
https://slate.com/business/2005/12/buy-stocks-in-companies-you-hate.html
Once I have the shares at $34, I'll put in an order to sell at $69. Nice!
My expectation is that a lot of people will at the least buy in at the start due to the amount of publicity, then sell off after the initial rush.
There might be an early short squeeze that could make this pay off. I predict that this one will be very unpredictable.
$34 a share is just a cash grab I think, it's gonna gonna tank immediately I believe but we will see what happens!
Seems like just another opportunity to take a bunch of money from the poors while promising them riches.