scottywh@lemmy.world to News@lemmy.world · 7 months agoReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comexternal-linkmessage-square41fedilinkarrow-up19arrow-down10cross-posted to: [email protected]
arrow-up19arrow-down1external-linkReddit Insiders Selling Days After IPO; Shares Fallwww.investors.comscottywh@lemmy.world to News@lemmy.world · 7 months agomessage-square41fedilinkcross-posted to: [email protected]
minus-squareBoozilla@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoI won’t lie, I do regret not making a quick buck off of it. I could have gotten in at 30-something and out at 40-something easily enough. I just couldn’t stomach the thought of buying RDDT. I also guessed Pigboy Spez and his pals would leave us suckers holding the bag. Turns out some brave peasants did make money on the IPO. Just not this peasant. I suspect the stock will spiral down from here.
minus-squarecapital@lemmy.worldlinkfedilinkarrow-up1·7 months agoMeh. Hindsight and all that. People said it about Apple, Amazon, and Bitcoin. Can’t know which ones that will happen with and which won’t.
minus-squareJordan117@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoThere are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn’t recover for over a year.
minus-squareBoozilla@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoMy instinct was that there would be irrational exuberance for the stupid stock. And ignored it. The market is often pure speculation and gambling until the sobriety kicks in. Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.
minus-squareramble81@lemm.eelinkfedilinkarrow-up0·7 months agoI didn’t want to tie my user name to my real life details for that payoff.
minus-squareBoozilla@lemmy.worldlinkfedilinkEnglisharrow-up1·7 months agoSame here! I gave them a fake email and didn’t want to do myself to them. Glad you brought that up.
I won’t lie, I do regret not making a quick buck off of it. I could have gotten in at 30-something and out at 40-something easily enough.
I just couldn’t stomach the thought of buying RDDT. I also guessed Pigboy Spez and his pals would leave us suckers holding the bag.
Turns out some brave peasants did make money on the IPO. Just not this peasant.
I suspect the stock will spiral down from here.
Meh. Hindsight and all that.
People said it about Apple, Amazon, and Bitcoin. Can’t know which ones that will happen with and which won’t.
There are no guarantees an IPO will pop, even a buzzy one. Uber debuted at the low end of their estimate and trended downward, for ex, and didn’t recover for over a year.
My instinct was that there would be irrational exuberance for the stupid stock. And ignored it.
The market is often pure speculation and gambling until the sobriety kicks in.
Anyway, I missed out on this one because of my caution and contempt for reddit. No point crying over it.
I didn’t want to tie my user name to my real life details for that payoff.
Same here! I gave them a fake email and didn’t want to do myself to them. Glad you brought that up.