Overlords Investment Conclave [OIC] Recruitment Thread

[em2nought]

So is buying into an IPO done just like a regular stock purchase?

[LordMortis]

If you are one of the plebs then, yes. If you are special then you are truly buying in to the IPO and getting the IPO set pricing before the plebs. If you are special then you know it and wouldn't be asking, you'd be working with the bank making the IPO happening.

[em2nought]

If you are one of the plebs then, yes.

I'm definitely one of the peons.

[LawBeefaroni]

Any of the 4 people left on OO that are also reading this board, currently or previously owned any cannabis or psychedelic related stocks? (or plan to buy in the future) I need someone other than the freaking Yahoo finance board to bounce shit off of. Preferably someone with a brain cell or two, and/or above the mental age/maturity of 15.

Reddit is pretty good, and far and above the Yahoo boards' trash, but I'm hoping for "next level" discussion.

I still have some CRON. Haven't really been following the space that much though.

[LawBeefaroni]

So is buying into an IPO done just like a regular stock purchase?

Unless you're special, you buy it when it is a regular stock starting the day it is offered on the open market.

It's almost always better to wait though. Day 1 euphoria usually means a big premium.

[Carpet_pissr]

It's almost always better to wait though. Day 1 euphoria usually means a big premium.

Yep *COUGH* RIVIAN *COUGH*

[LordMortis]

I believe in RIVIAN and made a few bucks off them but not much and not with many shares. Maybe it's time show some faith and get back in with a couple hundred shares, enough to sell options and cut in half with profit if they take an unexpected short term upturn. I think they will survive, unlike pretty much every other EV start up except TSLA. It's something to think about after the first when my next CDs mature.

[Carpet_pissr]

I believe in RIVIAN and made a few bucks off them but not much and not with many shares. Maybe it's time show some faith and get back in with a couple hundred shares, enough to sell options and cut in half with profit if they take an unexpected short term upturn. I think they will survive, unlike pretty much every other EV start up except TSLA. It's something to think about after the first when my next CDs mature.

I sold mine at a loss relatively recently. I think my cost basis was low $30's and I sold around $23 or $24. I felt bad at the time, but now I feel much better looking at the current price, wow! I was expecting it to drop into the teens, but didn't expect $10, Jesus.

Yeah, if you think they will even survive (or get acquired), now would probably be a great time to buy. That whole Georgia plant kerfuffle really turned me off of the investment as a whole. And the fact that the vehicles themselves are not as wildly popular as I assumed they would be when I first bought.

What about the poor bastards that bought at IPO, or even within a few days, from $100 to $128?! Gah.