Comment by owlninja
6 days ago
I'm sure plenty of people will make plenty of money. We don't work for them and we won't be able to buy at the IPO price, but the wheel keeps on turning.
6 days ago
I'm sure plenty of people will make plenty of money. We don't work for them and we won't be able to buy at the IPO price, but the wheel keeps on turning.
Prediction: in 180 days it's below first tick
Edit: I said IPO but I meant first tick.
The first trade price and not the IPO price? That's likely because the IPO is so over subscribed it's likely to pop 40-50% on it's first trade.
If you're talking about the IPO price, I think that's unlikely without some exogenous event.
Note to future me: IPO priced at $33; first tick at $85; closed at $115.50
how strongly do you believe that prediction? Strongly enough to short?
I won't short. I will buy a dip (like I did with NET and PLTR). It will turn positive for me while EPS is still <1
I might sell call spreads on it if implied vol is rich enough
You can submit a conditional offer to buy on IPO day with your broker (I do this with E*Trade). You will have to fill out a form with more questions than normal, and are not necessarily guaranteed an allotment at the IPO price.
Edit (1 hour later): I was allocated 2 shares @ $33. My request was for 100 shares, fwiw.