Reddit Warns That r/WallStreetBets Could Wreak Havoc on Its Stock Price::In its IPO documents, Reddit said the price and volume of its stock could “experience extreme volatility for reasons unrelated to our underlying business.”
Excellent! Should we invite them to setup shop here?
Don’t worry everybody. Our IPO might seem bad, but it’s just because our users have absolutely no faith in us.
As someone who made about $400 on AMC, I wholly support the apes in their endeavor to pump and dump Reddit’s stock into oblivion.
Removed by mod
Hey man. It was $400 more than I had at the start. I threw $50 at a joke and earned $400 net from it. That’s what I call fun.
Removed by mod
Understandable. Sending a virtual hug and fist bump, and hoping you have a better rest of your day! 🤜🤛
Pretty sure they don’t need any help to make that IPO a disaster.
But it’s good to have a few excuses ready to go.
Watch it just KILL
I’d be so hopeless… more than I already am.
I’m looking forward to shorting the shit out of this stock
I’d stay away from it entirely. If the total valuation is only a few billion, there’s people and organizations that can easily keep the price artificially inflated if they want to kill off some short sellers. And no one will step in to change the rules to save them in this case.
I think the price will go down in the long term, but it’s completely unpredictable in the short term. Especially if WSB vocally tries to take one position. I bet there’s some big money that still wants to hurt them after the whole GME thing, even though I think most of WSB that tried to get into that also lost money.
If you must get your feet wet, my guess would be that the opposite of what the sentiment of WSB is will make money if you time it right and get out before they realize their losses or their options expire.
One thing I saw after the GameStop thing happened that gave me a bit of perspective: when you buy and sell stock, your risk in the worst case scenario is that a company goes down to zero and you lose everything you put into it. That “everything you put into it” is the limit of your losses. When shorting, there is no practical limit to your losses because there is no upper practical limit to the share value.
Don’t get me wrong, I’m in the fuck Spez camp as well (hence me being here). But there is virtually unlimited potential risk to being wrong about this, so keep that in mind.
PUTS on RDDT! LFG!
Reddit seems like a prime target to short IMO. Not even as a screw Reddit move. I just would never consider investing in them in their current state. Going public was a terrible choice for them.
I’d love to see Ryan Cohen short sell the Reddit IPO. What would WSB do?
womp womp
Regards.
