Originally Posted by Hog's Gone Fishin:
That was absolute top. How'd you manage that ??
I have no idea. It's the first time that's ever happened for me. It always seems like RHood screws me over on a market sale. This is the 1st time they didn't.
Too bad I only had a couple hundred $ in it.:-) [Reply]
Originally Posted by Shaid:
Got 11 shares at 4 bucks, sold at 38.55. Made $380. Almost sold in the 40s but got greedy.
I ended up with 10 on webull. Sold 6 for 24 bucks, and the last 4 as it bled out all day. It's almost too easy to make money on these pump and dump ipo's as long as you don't try and buy back in and just use the initial allotment. [Reply]
Originally Posted by rydogg58:
I ended up with 10 on webull. Sold 6 for 24 bucks, and the last 4 as it bled out all day. It's almost too easy to make money on these pump and dump ipo's as long as you don't try and buy back in and just use the initial allotment.
I think I figured out a pretty good strategy on these that are halting fast. For instance today, it opened at like 27.50 and halted immediately. It took some 30 minutes to reopen and halted at 40.01 almost immediately.
I figured when it opened a 3rd time it would move up a little and then the rug pull so I set a limit sell for $40 while it was halted. and sure enough that's what happened. Sold at $42.
That would have worked perfectly on two of the other IPO's we traded, [Reply]
Originally Posted by Hog's Gone Fishin:
I think I figured out a pretty good strategy on these that are halting fast. For instance today, it opened at like 27.50 and halted immediately. It took some 30 minutes to reopen and halted at 40.01 almost immediately.
I figured when it opened a 3rd time it would move up a little and then the rug pull so I set a limit sell for $40 while it was halted. and sure enough that's what happened. Sold at $42.
That would have worked perfectly on two of the other IPO's we traded,
Possibly. Webull has a buy/sell side imbalance chart and I noticed right before it opened it had buy side imbalance around 30 bucks. I figured I could live with that and sold mine at 24.
GCT shit the bed after the first halt. I can't remember what MEGL did, I only had the 1 share. FRZA I came out pretty good, if I remember right it kept climbing after the halt. Everyone thinks the next one is going to fly like HKD did and be worth $2,500 bucks. I'm happy to just sell and make a hundred or so and not worry about bag holding. [Reply]
