this post was submitted on 20 Mar 2024
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[–] jordanlund@lemmy.world 0 points 7 months ago (1 children)

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!

[–] Th3D3k0y@lemmy.world 12 points 7 months ago (1 children)

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.

[–] Buddahriffic@lemmy.world 2 points 7 months ago (1 children)

There might be an early short squeeze that could make this pay off. I predict that this one will be very unpredictable.

[–] skozzii@lemmy.ca 5 points 7 months ago

$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.