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pragmojo t1_iy8sycu wrote

It’s pretty common for IPO’s to crash pretty early and take a long time to recover. Hold if you are long on gay sex.

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HwiskyIcarus t1_iy8tl59 wrote

It's valued at something like $200 per user

4

Shortsqueezepleasee t1_iycd2dv wrote

It’s worth more than that IMO. They could easily bring in over $200 a user per year between advertising and subscriptions.

You could hop on Grindr and get your dick sucked in 10 mins. Dudes love that! And the acts are typically between 2 dudes!! I’m bullish as fuck on the stock

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HwiskyIcarus t1_iyfd743 wrote

Hmm you might be onto something. Plus gay bears are swimming in cash this year (although maybe not after today 😂)

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AyumiHikaru t1_iyb4grr wrote

>It’s pretty common for IPO

GRND is worse. It's a SPAC

We all know now what happened to SPACs

lol

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rwang411 t1_iy8tjfy wrote

You’re definitely in the right place 🌈 🐻

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alxiao1 t1_iy8wkso wrote

Only double down if you can double down deez nuts

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HwiskyIcarus t1_iy8sz9w wrote

Had a surprisingly big IPO pump but at the end of the day it's another SPAC and was inevitably going to dump. Could be a good stock for the long term, but I wouldn't put a lot of money into it right now

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loldraftingaid t1_iy8uqrf wrote

No, fuck SPACs. If you really believe in the business I would sell puts at a (really) discounted price and pick up the shares when you get assigned.

3

[deleted] OP t1_iy8z8vv wrote

Aren't puts a good way tongo bankrupt

0

loldraftingaid t1_iy90i4s wrote

Sorry, I messed up with the previous response. You can infact lose a lot selling puts, especially if you arn't careful with leverage/don't cover with cash. If you believe in the business and arn't too aggressive with the strike price you'll probably be okay.

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OG_Flushing_Toilet t1_iya9acs wrote

If you’re trying the get fucked, I think GRNDR would be a better bet.

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mil11onorbust1 t1_iybj0dv wrote

every ipo is always for the underwriter to profit, like one of the big banks. Retail gets le fucked in this case they get grinded

2

PretentiousPilot t1_iyblcn8 wrote

You’re better off using the app to drum up some business behind the Wendy’s.

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1

xMaxVelocityx t1_iy98cu4 wrote

I would wait until it reaches $1.00 and then double down. Regard.

1

yazzooClay t1_iy98k1v wrote

I read an article about it. They were overvalued in the way they did the spac, etc. and how they were bought and sold. I’m waiting for it to go lower before I buy. Also you have to think the user base is smaller. I’ll buy around 3-5.

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Icy-Subject-6118 t1_iy9cctj wrote

With all the fomoers that bought into ipo without selling, all being at a loss now, 90 days lockup periods will end, Anyone negative at this point just looking to breakeven.. no it’s a terrible investment. Way too niche a market and got pumped and dumped harder than a yo mama joke in a elementary school.

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brenbto t1_iy9crq0 wrote

just saw a 213000$ buy go through 13.45 30000 at 7.12

1

Satorius96 t1_iya3sn3 wrote

Must be even better now right?

1

[deleted] OP t1_iya75kp wrote

Actually I pulled off and I will wait a few day then buy again the exact same amount of stock I had.

1

L_-_B t1_iya7hh1 wrote

I’ll never understand how people expect stock market success when they don’t know where a $ symbol goes.

1

[deleted] OP t1_iya9nu3 wrote

Say the person who lives with the imperial system 😊

2

machlangsam t1_iyaaesi wrote

Going from 63 to 9.95 must have gratified the gay bears amongst us.

1

ShortSqueezeNut t1_iychunz wrote

Crap stock, positive earning trends. Massive SI at 660%

1

Obvious-Expert-007 t1_iydg7s2 wrote

I would sell your house...you wife...your organs...everything.

Then use all that 47$ to buy!

1