Wait, there was no (or a very short) lockup period????!??!?!?!
this post was submitted on 28 Mar 2024
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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.
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(7 replies)
Question: why was Apollo killed?
Answer: Spez wanted $16 million dollars
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(18 replies)
He sold about 500,000 shares. He owned, apparently, 3.3% of the 17.06 million total shares of the company, meaning he had a little over 562,000 shares. He sold almost all of his shares. That doesn't exactly exude confidence in future growth, IMO.
ahahahahahahahahaha
Spez proving almost everyone else right.
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(29 replies)
lol. Get rekt, Reddit
What an unexpected outcome! Who would’ve thought.
r/wallstreetbets strikes again!
One of the only reasons I am ok with Reddit still existing.
I hate to say it, but Reddit might be primed for a short squeeze. Everyone is shorting it because it is such a turd.
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(2 replies)
I've given up on buying stocks for individual companies. I'd rather just stuff it in an index fund and pretend it doesn't exist for 10 years.
If you have the money to spend/blow, the "correct" approach is to:
- Put the vast majority if your money into stable investments. Index funds, bonds, etc. You should have a retirement fund with at least one of the major companies (I have had good experience with Vanguard and Fidelity) and they can help with that. This is for retirement and the like.
- Put a VERY small amount into "one off" purchases of various stocks. Stuff like "I think this apple computers might take off some day" kind of purchases. This is not a retirement fund. This is gambling. But it still might mean you have money for a kitchen remodel or a rainy day.
But if you don't have money to "throw away"? Do not buy individual stocks. Or crypto. Or anything other than what you need to have a life after you age out of the workforce because late stage capitalism.
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Didn't know da brutal yet kunnin' boss of bosses was also a shrewd investor
Do ya have any teef in da shiny choppa index?
the average person usually doesnt beat the average index fund, so if you arent keen at day trading, dont do it.
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(8 replies)
That's advice I've been given many times in my life. If I had any money to invest, that is likely how I would do it.
Me too generally. But on a whim i bought 100 shares of NVDA back in 2019, and god damn has it been good so far.
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Oh my gosh! Who could possibly have foreseen that?
Shocked, I say!
Lol.
Shares "dove" to $50, which is still about $49 too high
Anything that keeps them listed on the exchange is too high honestly
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(7 replies)