To those who got the Reddit/MorganStanley email... Are you gonna do it? - eviltoast

Asking because I got it and I’m not really sure what to do. So, I wanted to see what strangers on the internet are going to do.

I don’t have an existing e-trade account and I’m not super excited about creating one for the singular purpose of this IPO. But, if I can quickly make a couple of bucks and then cash out, that might be worth it.

Are there rules to when you cash out if you get in at the IPO price? Could I buy-in at the $30-ish/share price and couple that with a trailing stop-loss order? Maybe this isn’t the right Lemmy community to ask this, but I figured I’d give it a shot.

  • nac82@lemm.ee
    27·
    8 months ago

    Is there a lemmy wallstreetbets, and if so, how is this not a post in it?

    I would wish you luck in investing, but honestly, I would rather watch reddit quietly burn than them start developing some new horrors of monetization.

    • chagall@lemmy.worldOPEnglish
      71·
      8 months ago

      Is there a lemmy wallstreetbets, and if so, how is this not a post in it?

      I didn’t come across one and I haven’t been on reddit since Apollo shut down. So this is as good as it’s gonna get, I guess?

      My thought was that if I can get in on that initial upswing and out before the stock inevitably tanks, i’d like to do that. If not, I’ll just pass on the whole thing.

      • nac82@lemm.ee
        12·
        8 months ago

        I’ve played dumb stock moves and am not qualified to give trading advice.

        Enjoy your time at the casino and try not to lose your rent money.