I actually saw a recent interesting video giving more credence to this being a scheme to offload his bad debt:
Exchanges are all lowering their entry barriers for retail investors to buy the stock, but increasing their barriers for selling the stock quickly, which basically means that clueless retail investors (who get an unusually large share reserved for them) are allowed in but have the door shut behind them, end up left holding the bag.
But still I wouldn’t bet on the market being rational
PeriodicallyPedantic@lemmy.ca 1 day ago
Don’t bet in it. The market isn’t rational. Look at Tesla’s current valuation compared to companies like Toyota.
green_goglin@thelemmy.club 1 day ago
Worth a put spread imho
PeriodicallyPedantic@lemmy.ca 1 day ago
I actually saw a recent interesting video giving more credence to this being a scheme to offload his bad debt:
Exchanges are all lowering their entry barriers for retail investors to buy the stock, but increasing their barriers for selling the stock quickly, which basically means that clueless retail investors (who get an unusually large share reserved for them) are allowed in but have the door shut behind them, end up left holding the bag.
But still I wouldn’t bet on the market being rational
criss_cross@lemmy.world 1 day ago
Problem is you have to figure out when the market stops being rational.
A lot of hedge funds can know that a stock is worthless, but they’ll lose their house in puts if they can’t time it right.
green_goglin@thelemmy.club 1 day ago
indeed