Yeah but to make any real money on a short position taken prior to listing, the stock would have to drop well below that $17 price. Will that happen? Maybe. But I personally wouldn’t bank on it. My bet is that pre-listing price will be a bit of a floor since so many retail meme stock types got in on that price pre-merger and won’t want to get out.
oh man, I respectfully disagree. I think they will add more stock further diluting the price and it will crater. that’s why puts are so expensive right now
won’t come back to earth? it’s trading at 22.93 at this moment and was around 60 at the beginning of April…seems like it deorbited fairly fast to me
Yeah but to make any real money on a short position taken prior to listing, the stock would have to drop well below that $17 price. Will that happen? Maybe. But I personally wouldn’t bank on it. My bet is that pre-listing price will be a bit of a floor since so many retail meme stock types got in on that price pre-merger and won’t want to get out.
oh man, I respectfully disagree. I think they will add more stock further diluting the price and it will crater. that’s why puts are so expensive right now
Hah, well, I would be more than happy to be completely wrong!