First round of insider shareholders haven’t legally been allowed to even liquidate yet. This will be a bloodbath.
don’t give me hope
Gonna go grab my rubber ducky.
do we know when that’s gonna happen? i heard they used some loopholes to allow insider holders to sell early.
Now do TSLA.
What an epic pump-n-dump.
I figured that would happen
It can go lower!
To shreds you say?
And how’s his fifteenth incubator?
To shreds you say?
Exit liquidity, bunch of IPOs this year gonna fall the same pattern.
not low enough
Buttlicker, our price have never been lower!
Son you’ll have to speak up I’m a bit hard of hearing
Ha, eat shit Elon.
Not tech, but good news nevertheless :D
Hope somebody here shorted 1000 shares the day they hit $220.
There’s been 3 or 4 IPOs now, where ive wanted to buy puts for 6m to 1y out when I see a peak like that, and im always afraid to pull the trigger.
In this case i saw it hit 220, and come back down to 200ish, and I said if it goes back to 220+ ill get a few.
It never went back up.
Maybe next IPO.
This is a GOOD TAKE by YOU. The big danger on puts is that you can AT MOST make 100% of the investment if the company collapses completely to $0. If, for whatever reason (the market can remain irrational longer than you can remain solvent), the stock explodes upwards, you can be on the hook for WAY more than 100% if the stock increases dramatically.
Thats not how puts work. Thats shorting the stock directly.
A put is an options contract. You can never lose more than your purchase.
If you pay $5.00 for a Jan $50 strike, you pay $500 (1 contract is 100 shares). As the date comes closer it becomes worth less, but as it approaches $50 or goes below it also becomes worth more. You can make a lot of money on a far out of the money put that goes near or in the money.
If it was $50 in November that put might be worth $40 (x100) so $4,000 and you paid $500.
The put becomes worth nothing if its over $50 by strike date.
Its a much safer way to bet against something than directly shorting.
Ahhhh forgive my confusion, thank you for explaining.
This is expected for a stock like this. What we’ll now be able to see in the next few months is where the real valuation stands.
35 bucks more or less.
About tree-fiddy!
So at what point should we start slowly pulling money out of banks for the inevitable collapse
