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

chagall@lemmy.world to Reddit@lemmy.world – 35 points –

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.

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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.

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.

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.