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re: MEGL IPO starts Friday

Posted on 8/8/22 at 5:03 am to
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30573 posts
Posted on 8/8/22 at 5:03 am to
220 PM!
Posted by GeneralLee
Member since Aug 2004
13104 posts
Posted on 8/8/22 at 6:53 am to
I'd be getting out now in this pre-market pump if I were you.

This kind of craziness going on has me very worried that the brutal "capitulation" phase of the bear market is just ahead of us. Kinda like how stocks cratered after the GME spike last year.
This post was edited on 8/8/22 at 7:03 am
Posted by Salamander_Wilson
Member since Jul 2015
7701 posts
Posted on 8/8/22 at 7:25 am to
Free Float now showing 7.4m. It was 5m at launch.

Something seems fricky
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30573 posts
Posted on 8/8/22 at 7:48 am to
Execs had another 15MM shares I believe. Some might have been able to sell
Posted by Salamander_Wilson
Member since Jul 2015
7701 posts
Posted on 8/8/22 at 7:52 am to
I thought they were restricted from selling for a period of time but maybe I was mistaken.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30573 posts
Posted on 8/8/22 at 8:05 am to
from what I read it was pretty vague, and said it was possible some shares might not be restricted. another reason why this is a pump and dump
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
31314 posts
Posted on 8/8/22 at 8:39 am to
quote:

As for me guys, I'm putting in $100K tomorrow


Be sure to post your trade confirmation
Posted by el Gaucho
He/They
Member since Dec 2010
53122 posts
Posted on 8/8/22 at 10:17 am to
General ree is just a paid Chinese fudster don’t listen to him ride this bitch to 0 with me
Posted by FLObserver
Jacksonville
Member since Nov 2005
14491 posts
Posted on 8/8/22 at 12:05 pm to
What the heck ? I come back expecting to be rich ? and i'm barely breakeven.
Posted by James11111
Walnut Creek
Member since Jul 2020
4688 posts
Posted on 8/8/22 at 12:06 pm to
It takes hard work to get rich.
Posted by DawgCountry
Great State of GA
Member since Sep 2012
30573 posts
Posted on 8/8/22 at 12:11 pm to
down to $103....riding it down to zero with my 2 shares
Posted by zbra24
Haughton
Member since Sep 2008
474 posts
Posted on 8/8/22 at 12:35 pm to
same. got 2 for an average of $110
Posted by Salamander_Wilson
Member since Jul 2015
7701 posts
Posted on 8/8/22 at 1:31 pm to
She seems to be turning around…
Posted by slackster
Houston
Member since Mar 2009
85138 posts
Posted on 8/8/22 at 5:21 pm to
Just the old down -12% to +156% range today.
Posted by Salamander_Wilson
Member since Jul 2015
7701 posts
Posted on 8/8/22 at 7:37 pm to
CajunTiger78 are you still holding? Have you sold any?
Posted by BZ504
Texas
Member since Oct 2005
9573 posts
Posted on 8/8/22 at 8:47 pm to
I’ve got my original 10 shares.
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 8/9/22 at 7:16 am to
I'm still holding yes.
Posted by Salamander_Wilson
Member since Jul 2015
7701 posts
Posted on 8/9/22 at 7:25 am to
What’s your outlook on today’s price action?
Posted by CajunTiger78
Member since Aug 2017
2528 posts
Posted on 8/9/22 at 7:33 am to
This may be down under 100 PM, but I think it makes a move mid 100s today maybe more. I find the movement on Friday and Monday very suspect. Multiple halts on both days but showing little volume. Just doesn't make sense. I think something fishy is going on and the price has been suppressed. I'm going to set some exit options but I'm going to hold a few more days maybe.
Posted by slackster
Houston
Member since Mar 2009
85138 posts
Posted on 8/9/22 at 7:40 am to
quote:

find the movement on Friday and Monday very suspect. Multiple halts on both days but showing little volume. Just doesn't make sense


Isn’t the whole bull thesis a severe lack of liquidity in this stock?

Regardless, good luck.
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