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.

  • chagall@lemmy.worldOPEnglish
    1·
    9 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.