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re: Newsmax IPO up 735% Monday, another 179% Tuesday; down 77% Wednesday

Posted on 4/1/25 at 12:54 pm to
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 12:54 pm to
just hit 200 a share

Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 12:56 pm to
quote:

I thought about buying $10K this morning....and i chickened out!!!!

It will settle back down, but damn I hate myself right now.....


yeah you missed the boat bad.

had you just bought 1k shares close to IPO you would be up 200k right now
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 12:59 pm to
trading halted again
Posted by Civildawg
Member since May 2012
10255 posts
Posted on 4/1/25 at 1:59 pm to
How is an IPO valuation missed this badly? Am I wrong for thinking that whatever bank that set this IPO price screwed up?
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 4/1/25 at 2:11 pm to
It's like 1998/1999 again with tech IPOs.
Posted by GeneralLee
Member since Aug 2004
13946 posts
Posted on 4/1/25 at 2:39 pm to
This is entirely unpredictable. Once the pump and dump stops, this will be sub $10 in no time. The fact an insane run happened in a macro this bloody is quite fascinating.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 4/1/25 at 2:39 pm to
quote:

How is an IPO valuation missed this badly? Am I wrong for thinking that whatever bank that set this IPO price screwed up?


It’s a meme stock with no liquidity. The underwriters did fine. As soon as the preferred shares convert and can be sold this thing is headed to $14 or worse.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 3:37 pm to
IPO was 10. most got in at 14.

if you got in on this u made a killing.

shite is up +36 now in overnight.

no regrets. glad i played it safe and took profits 3 times all the way up. i have one position still open just for shits and giggles.

if someone had went all in on this they coulda easily made 500k. or more.

if anyone put in 100k close to IPO you would have around 2.7 million now.

Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 3:47 pm to
quote:

As soon as the preferred shares convert and can be sold this thing is headed to $14 or worse.


and people will make $$ on the way down also using obvious methods we all know. i watch newsmax so i knew this IPO was coming. never expected this though.

Posted by RLDSC FAN
Rancho Cucamonga, CA
Member since Nov 2008
58939 posts
Posted on 4/1/25 at 3:57 pm to
quote:

if someone had went all in on this they coulda easily made 500k. or more.

if anyone put in 100k close to IPO you would have around 2.7 million now.



Freaking nuts
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/1/25 at 4:16 pm to
yup. crazy pills. my inner futures trader self always adds to my positions as we go up.

i was not comfortable throwing almost 100k on it from the get go so i added slowly. i also was deeply concerned this thing would be pumped up yesterday and crash all in the same day so i had tight stops behind my positions. NFW was i holding this overnight last night.

tonight i will tho.

my only regret was not buying 100k worth from the 14 bucks a share price point. I bought 100k worth as it went up.

oh well. f it. we made money.
Posted by slackster
Houston
Member since Mar 2009
91362 posts
Posted on 4/2/25 at 7:12 am to
Down 22% premarket, and has been down more than 35% at times. Today will be something.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11689 posts
Posted on 4/2/25 at 8:51 am to
Ah the pump and dump paid off for a lot of people.
Posted by Hoopla
Member since Mar 2025
38 posts
Posted on 4/2/25 at 9:05 am to
Took a flyer this morning at 135, just sold at 162 for a quick 20% gain.
It's so retarded that you can make 20% in 5 minutes on a meme stock while you might wait a couple of years to make 20% investing in real stocks.
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/2/25 at 9:46 am to
yeah. my small position got stopped out. wasn't much. made my big money day before and got out. glad i did now! whew. i was expecting this thing to crash anytime.

you coulda made more in one day of trading than some guys make in 3 or 4 years salary at their job. absolutely nuts. just glad i had the liquid capital to ladder it all the way up that first day. just wished i had put the whole 6 figures all in at the IPO. oh well.
This post was edited on 4/2/25 at 10:01 am
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148413 posts
Posted on 4/2/25 at 9:49 am to
For ones that didn't get in on the ipo, what's a good valuation to get in ?
$25?
Posted by Fat Bastard
2024 NFL pick'em champion
Member since Mar 2009
89292 posts
Posted on 4/2/25 at 9:59 am to


at the beginning any price under 100, especially 20, 30, 40, 50 was great because the damn thing went all the way up to 248.

it may crash now all the way back to 10. who knows. we have no clue if this will ever shoot up again similar to gamestop, etc. If i had to bet i would say no.

you could buy @ 25 and it goes back to 10 and it could take years to hit 25 again. I used this as a short term money maker and got out. Not for a long term hold.
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
148413 posts
Posted on 4/2/25 at 10:07 am to
Yeah I'm not touching it. But I'm curious where the valuation settles.
Posted by Bonkers119
Baton Rouge
Member since Dec 2015
11689 posts
Posted on 4/2/25 at 1:16 pm to
Down to $74 bucks just a 70% drop
Posted by Cajun75
Member since Mar 2022
814 posts
Posted on 4/2/25 at 1:21 pm to
Yep....unfortunately it looks like I won't be able to trade my IPO shares with my brokerage for another week as that's the projected transfer date to my brokerage.
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