How’s the stock market?

hammies

Duke status
Apr 8, 2006
15,611
14,264
113
I see Reddit is pricing at the top of its range. IMO going public will ruin them if it already hasn't. Rules, ads, mods, deleted subreddits, the works.
 

sussle

Rabbitt Bartholomew status
Oct 11, 2009
8,432
7,825
113
I see Reddit is pricing at the top of its range. IMO going public will ruin them if it already hasn't. Rules, ads, mods, deleted subreddits, the works.
i subscribed to 50 shares - not sure what i will actually get. would like to get enough to flip for profit in the early pump&dump and hold a few for the long run. they get something like 70 million unique views per day - i'm sure that's worth something but we shall see. today's Fed announcement doesn't hurt :cheers:

there's an air of bitterness at r/wallstreetbets - there are some cranky mofo's over there who are rooting for IPO failure :dancing:
 

PRCD

Tom Curren status
Feb 25, 2020
12,810
8,831
113
Tbh/fair, his predictions could potentially be considered valid/based off logic except for the fact they’re consistently wrong.
I haven't made any other than to say NVDA could crack $1k based on the hype....
1710973413790.png

....and that AI is in a bubble like the DotCom boom. And that you're better off in VTSAX or similar low cost index fund, which is a bet against your own predictions.
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Chocki

Phil Edwards status
Feb 18, 2007
6,555
7,111
113
Planet Earth
Last edited:

PRCD

Tom Curren status
Feb 25, 2020
12,810
8,831
113
My mojo is stronger than any index bro. Purp line is PLTR.
View attachment 175743
More of Chimpi's smoke and mirrors, like your boy MAX SHANK!

And “A for effort“ with the meme. How I picture you irl making it.
View attachment 175744

View attachment 175747
This is what we call an embedded confession. Not long ago you were complaining about CEO drug use. Hope Karp gets help with his coke problem!
 
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r32

Administrator
Staff member
Apr 1, 2005
18,113
9,837
113
Cambria
Reddit (RDDT) stock goes live this morning. IPO at $34 share. Either going to rocket or dump or both. Volatility for the first hour should be pretty good. Lots of chatter about this one.

1711030044909.png
 

CutnSnip

Phil Edwards status
Sep 11, 2018
5,867
6,206
113
Probably dropping in on you, California
Dump imo, there's nowhere for them to grow. They've already captured as much market share as they're ever going to
yea not sure what value they brin g to the table. the format is considered outdated - so much so that young people arent signing up anymore as they should be.

i say this as someone who uses it and enjoys it as one of the only websites i look at besides this one and the surf report or win dy.
 
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r32

Administrator
Staff member
Apr 1, 2005
18,113
9,837
113
Cambria
RDTT

1 hour ago

"Early indications suggest a potential opening price on the NYSE of between $42 and $46. That means the stock could open between 23.5% and 35.3% above its IPO price of $34 a share."

1 minute ago

"Shares of Reddit (RDDT) are now indicated to open trading between $50-$52 above its IPO price of $34 per share."
 

Mr Doof

Duke status
Jan 23, 2002
24,941
7,860
113
San Francisco, CA



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PS
Hey R32, did SMCI hit your 'cover' price the other day?

I don't know if there is enough Tums to sooth my belly ache with those swings in the past two months. What ever happened to my 'devil may care' and 'I wanna grow up to be a stuntman' mindset of my youth.....oh, now I see.
 

sussle

Rabbitt Bartholomew status
Oct 11, 2009
8,432
7,825
113
RDTT

1 hour ago

"Early indications suggest a potential opening price on the NYSE of between $42 and $46. That means the stock could open between 23.5% and 35.3% above its IPO price of $34 a share."

1 minute ago

"Shares of Reddit (RDDT) are now indicated to open trading between $50-$52 above its IPO price of $34 per share."
did they say WTF time does trading start????
 

Mr Doof

Duke status
Jan 23, 2002
24,941
7,860
113
San Francisco, CA
And not even 20 days later, heartache turns to glee (if you held):

1711038732124.png
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Hats off to those who can handle the ups/downs...but if you're playing with other people's money, is it a little easier?

Hmmm, is there a pill that can reduce my empathy/sympathy I can take that doesn't have negative side effects? Would need to be stronger than a 3 martini lunch.

Oh, looks like MU did well with their quarterly report.
 
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r32

Administrator
Staff member
Apr 1, 2005
18,113
9,837
113
Cambria
PS
Hey R32, did SMCI hit your 'cover' price the other day?

I don't know if there is enough Tums to sooth my belly ache with those swings in the past two months. What ever happened to my 'devil may care' and 'I wanna grow up to be a stuntman' mindset of my youth.....oh, now I see.
I was one swing too early and I exited at slight loss when it swung back up. Then of course, it went sideways and big drop happened right after. Fml on the timing. lol

Now it's swinging back up again. It's already up $130 from yesterday. Mega volatility.

For this year, I've pretty much been day trading only SMCI, NVDA, COIN, MSTR, and a few dark horses like GRRR and CGEN. Trading crypto for so many years has numbed me to mega volatility of the stock market which can't compare. So trading it actually feels easier at this point. Lol

did they say WTF time does trading start????
They never seem to state specific times on IPOs. They just state the day and it's almost always later in the day for the start.
 
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