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.

  • radix@lemmy.worldEnglish
    181·
    8 months ago

    Not an expert, so don’t listen to me at all.

    The closest analog recently is probably Facebook’s IPO in 2012. They were profitable that year, and the stock price still dropped by up to 50% in the first few months. The business is healthy, and the stock is fine now, but don’t count on a quick buck in the first few weeks/months.

    • chagall@lemmy.worldOPEnglish
      1·
      8 months ago

      They were profitable that year, and the stock price still dropped by up to 50% in the first few months. The business is healthy, and the stock is fine now, but don’t count on a quick buck in the first few weeks/months.

      Thanks for this comment. I agree that a “quick buck” is not the play, if there is a play to make at all. I’ll read the prospectus tonight. Maybe that will help me with my decision. Thanks again for commenting.