Interesting that WTRH, GRUB, UBER, and LYFT all ran up the first half of the day and after DASH opened, they all cratered. I guess the market was hoping for a higher market cap than $50B for DASH?
Govx another one to watch on crazy volume . Got in sub 4 , don’t want to get too greedy Edit: halted again
Well the whole market took a massive dump...so that didn't help. Completely deflated the run all those were having.
A lot of the big winners, crazy valuation gambles, and the market in general started tumbling around 11am to noon. Maybe they were all being sold to buy DASH and GLSI.
I think this could maybe still work, how much experience have you had w/ options? Like I thought it was a really good play mentioned, but that ipo price at $167 for Dash, like.... WTH??
Also sold 25% of my TRNE @ $23 to lock in profits but more so to free up cash to play with for Roblox/HYFM/SOFI (whenever it gets annouced)/other SPACs cuz of the unexpected new bets I put in other SPACs (GSAH & PIPP).
Not a ton of xp. All I've done on the options side is played long calls for leverage/limit downside. I sold my $4.50 call to get 50% of my premium back but holding onto the $4.00 one for 1-2 more days to see if there's any delayed halo effect from DASH and then I'll try to sell it for whatever I can get for it.
I think the market was expecting a lower ipo price so there would be some some jump in it - even at the $100 (or honestly lower..) it would have been better. Then you'd get nice sympathy plays for the others as the market made it climb. I still think this might work... But not like I was hoping for when it was suggested so I could exit quick - it was a really good idea I thought though.
US federal government and 48 states file antitrust lawsuits against Facebook On Wednesday, the Federal Trade Commission and 48 state attorneys general launched twin lawsuits against Facebook for alleged antitrust violations. New York Attorney General Letitia James, who leads the coalition of states suing Facebook, released a statement: "Facebook has used its monopoly power to crush smaller rivals and snuff out competition, all at the expense of everyday users." Facebook responded to the FTC suit: "Years after the FTC cleared our acquisitions, the government now wants a do-over with no regard for the impact that precedent would have on the ... business community or the people who choose our products every day."
I was watching the NY AG make her announcement about this earlier today and talk about a dramatic delivery... she should've won an Emmy/Oscar for that performance. The only thing missing was the overly-dramatic music.
